The Restaurant Times

JUNE 1, 2022

It eases operations and improves the chances of survival of a restaurant in the competitive world. A restaurant accounting system keeps track of all essential restaurant financial transactions, makes a finalized report, collects tax-related information, and summarizes it all for you. . POS software can generate reports based on-.

Operations 52

Operations Cash Management Employee Relations POS 52

Modern Restaurant Management

APRIL 1, 2020

Last year, one of the first brands to go cashless, Sweetgreen, changed its policy to accept cash at all its locations. The quick-service restaurant (QSR) started accepting cash after Amazon confirmed it would take cash payments in all of its previously cashless Amazon Go stores. To eliminate cash is to eliminate customer choice.

Cash Management 173

Cash Management Mobile Ordering Fast Casual Employee Relations 173

Restaurant365

OCTOBER 30, 2020

As a restaurant owner or manager, sometimes you may need to jump in to help keep business running smoothly. However, the day-to-day tasks can distract from the bigger-picture work that is essential for your long-term business health: restaurant operations management. What is restaurant operations management?

Operations 78

Operations Management Management Inventory 78

Restaurant365

DECEMBER 11, 2020

As 2021 begins, there are many restaurant management best practices that can be applied to strengthen your business, in the short and long term. Manage cash flow by creating a cash flow forecast. Your total cash flow is your cash inflows (for restaurant. over a certain period of time.

2021 136

2021 Cash Management Management Management 136

The Restaurant Times

JUNE 11, 2021

Managing a restaurant is a daunting task. Handling inventory, staff and customers, along with keeping track of analytics and reports all at the same time can become cumbersome for the restaurant manager. That is why, automating restaurant operations is always fruitful. It enables you to manage each task efficiently. .

POS 52

POS Mobile Ordering Loyalty Program Online Ordering 52

Restaurant365

SEPTEMBER 23, 2021

Whether you’re a bookkeeper, accountant, restaurant owner, or store-level manager, understanding the basics of accounting can pay dividends for your business. Healthy accounting procedures for restaurants can help you manage food and labor costs, understand your profits and losses, and make strategic decisions about expenses and investments.

Cash Management 147

Cash Management Point of Sale POS Inventory 147

Restaurant365

DECEMBER 20, 2021

As a restaurant finance or accounting leader, you and your team can play a unique role in supporting your operations team. While both areas may be executed through the operations team, revenue and expenses can be optimized with help from thoughtful and thorough financial analysis. Working with operations to set a prime cost goal.

Operations 78

Operations Leadership Point of Sale Cash Management 78

Cheetah

DECEMBER 2, 2021

A good system will also help staff manage their personal cash flow. Review these top 5 tip pooling platforms to find the best one for your restaurant and POS system. Toast - Tipping within Your POS. Toast is one of the major players on the restaurant POS scene. 7Shifts - Shift Management Powerhouse.

Cash Management 78

Cash Management Restaurant Law POS Employee Relations 78

Cheetah

DECEMBER 1, 2021

A good system will also help staff manage their personal cash flow. Review these top 5 tip pooling platforms to find the best one for your restaurant and POS system. Toast - Tipping within Your POS. Toast is one of the major players on the restaurant POS scene. 7Shifts - Shift Management Powerhouse.

Cash Management 78

Cash Management Restaurant Law POS Employee Relations 78

Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. We will continue to evaluate tech solutions and find what best enhances the Fogo experience for both our guests and employees. For part one, click here.

2023 197

2023 Loyalty Program Mobile Ordering Customer Experience 197

BNG Point of Sale

DECEMBER 6, 2021

You want something compatible with your type of business and has features that will help manage inventory, sales data, etc. A point-of-sale system is a computerized method for recording retail services, restaurant operations, and other business functions. S ometimes they are also referred to as cash registers or POS systems.

Point of Sale 52

Point of Sale POS Employee Relations Cash Management 52

Harbor Touch

NOVEMBER 21, 2022

Make sure you understand all the laws and regulations related to alcohol sales in your state. On the other hand, you may need to hire a manager and/or assistant manager to help with the day-to-day operations. Fast and reliable POS system. A fast and reliable POS system is essential for running a successful bar.

Bar 78

Bar License Restaurant Law POS 78

Modern Restaurant Management

MARCH 16, 2020

Due to the Covid-19 outbreak effect on the restaurant industry, Modern Restaurant Management (MRM) magazine is compiling a list of resources available for restaurant owners, operators and managers. To be added to this guide, reach out to Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. and Canada.

Food Safety 234

Food Safety Kitchen Safety Small Business Employee Relations 234

Lavu

MARCH 13, 2020

If your staff relies on outdated methods of placing orders, it’s likely that restaurant communications are strained, which means your restaurant is operating below its potential. Your team of employees can only do so much with what they’re given, so you might consider improving their modes of communication. Update to Mobile POS System.

FOH 78

FOH Mobile Ordering BOH Front of House 78

Focus POS

JUNE 2, 2020

Restaurateurs are pivoting to recoup the lowest level of sales seen in more than 35 years—for some, that’s the lowest sales seen in their lifetime of operating their business or restaurant chain. . Delivery dispatch and curbside pickup management to efficiently execute takeout and delivery. .

Technology 187

Technology Fine Dining Mobile Ordering Online Ordering 187

The Restaurant Times

AUGUST 5, 2022

Restaurant accounting is an integral part of operating modern-day restaurants and ensuring consistent growth in the business. Hence, restaurant accounting is becoming increasingly popular to meet these operational challenges. Labor costs also include payroll taxes and employee benefits. Operating Cost. Occupancy Costs .

Cash Management 52

Cash Management Point of Sale Inventory Employee Relations 52

The Restaurant Times

MARCH 10, 2022

If your head chef is responsible for managing the kitchen and producing great food, the restaurant manager is accountable for the smooth functioning of the establishment and many other duties. Tips To Streamline Restaurant Manager Duties In The UAE. Resource Management . Communication & decision-making skills.

Management 52

Management Management Cash Management Employee Relations 52

Restaurant365

AUGUST 4, 2020

Running a successful restaurant business is all about spending your cash wisely. Integrating inventory management with accounting facilitates better inventory control. When you think of your restaurant finances, you don’t always equate it with inventory management. What is restaurant inventory management?

Inventory 78

Inventory Management Management Cash Management 78

Restaurant365

JUNE 17, 2020

Your restaurant operations include many different expenses, from food and beverage to utilities. Whether you are slowly scaling up operations again or moving from takeout and delivery only to limited dine-in, it is more important than ever to stay on top of your labor and payroll cost. Employee insurance. Employee benefits.

Tip Distribution 78

Tip Distribution Point of Sale Employee Relations Restaurant Law 78

Modern Restaurant Management

APRIL 14, 2020

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. This new site is a one-stop hub of critical information for restaurants, employees, customers and industry partners.

Online Ordering 212

Online Ordering Back of House Customer Service Small Business 212

Restaurant365

JULY 29, 2021

However, many CFOs are still facing uncertainty, particularly from pandemic-related complications that are still challenging operations and restaurant profitability. Few areas of restaurant operations were immune from changes. Ultimately, managing your vendor relationships is an area of risk management.

Cash Management 78

Cash Management Point of Sale Inventory 2021 78

Lavu

MARCH 27, 2020

The words “restaurant management system” rarely cause excitement. There’s a reason there are millions of food photos on Instagram and just a few thousand of point of sale systems (POS). Restaurant Management Is Evolving Rapidly Too. Think of them as the real-life version of those house robots from ’80s movies.

Point of Sale 78

Point of Sale Front of House Mobile Ordering Back of House 78

Touch Bistro

MARCH 23, 2021

Restaurant accounting and tax specialists have navigated many operators through millions of dollars in relief and helped them become cash flow positive through the pandemic. This article will also cover: Important restaurant tax deadlines for 2021 5 steps you need to take to increase cash flow during tax season. But don’t panic.

2021 52

2021 Cash Management Employee Relations 2020 52

Touch Bistro

APRIL 13, 2021

You can’t run a restaurant without employees, which means processing restaurant payroll is an integral part of running a food service business. Restaurant payroll is the total compensation a restaurant business must pay to its employees over a set period of time. First things first, you’ll need an Employee Identification Number (EIN).

Tip Distribution 54

Tip Distribution Employee Relations Restaurant Law Cash Management 54

Restaurant365

OCTOBER 22, 2021

Having access to data about your restaurant can inform your decisions about operations, staffing, menu changes, and long-term strategy. For any specific period, you can calculate your total labor cost with the following formula: Employee Wages + Payroll Taxes + Benefits + Insurance = Total Labor Cost. Let’s dive in.

Point of Sale 78

Point of Sale Insurance Inventory Cash Management 78

Lavu

NOVEMBER 8, 2019

As the owner or manager of a restaurant, when you’re aiming to grow profitability, accounting is an area where you need to be comfortable. It might be considered the most dreaded part of running your business, but to be profitable and to manage the money, there’s no way it can be avoided. 5 Concepts of Restaurant Accounting.

Management 85

Management Management Food Truck Cash Management 85

Harbor Touch

APRIL 17, 2018

The city and state where you operate your restaurant could have different sales tax requirements, and if you own multiple locations, it is even more important to be up to date on the different requirements. If you purchase equipment, like a restaurant POS system , for example, it may be eligible for depreciation deductions.

Employee Relations 97

Employee Relations Insurance Point of Sale Cash Management 97

Lavu

JANUARY 21, 2020

This includes communication of financial statements like income statements, balance sheets, and cash flow. The process allows restaurant owners and managers to document all financial transactions of the business and determine how well it is performing. Better Financial Management. Better Tracking of Cash Flows.

Cash Management 78

Cash Management Point of Sale Inventory Information 78

The Restaurant Times

MARCH 31, 2022

However, some of the restaurants operate on very tight margins. In other words, F&B control refers to the process by which a restaurant manager makes an effort to regulate, direct, and restrain people’s actions to achieve the desired objective. One of the best tools for F&B control is inventory management.

Cash Management 52

Cash Management Inventory Employee Relations Technology 52

Restaurant365

OCTOBER 14, 2020

For restaurant owners and operators in particular, in the midst of making the thousands of decisions needed to run a restaurant business, it’s easy to forget about the restaurant budget. Balancing cash flow month to month, let alone year to year, can be difficult for the ever-changing restaurant industry. Collect data.

Point of Sale 78

Point of Sale Email Marketing Cash Management Advertising 78

Clover - Restaurants

MAY 3, 2024

City and state health departments monitor local restaurants to ensure they’re following food safety management program guidelines. Additionally, in order for restaurant leaders to operate as a certified safe food handler , such as managers and chefs, they must pass assessments related to food safety and risks like foodborne illnesses.

Kitchen Safety 52

Kitchen Safety Food Safety Food Food Supply 52

Modern Restaurant Management

AUGUST 17, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features consumers' dining desires, the power of personalization and the untapped opportunity in localized marketing. Other leisure-related categories affected the most included travel, cruises, lodging and airlines. COVID-19 Consumer Dining Trends.

2020 197

2020 Loyalty Program Mobile Ordering Fast Casual 197

Get Beyond

OCTOBER 24, 2023

Check your toolbox Has the shop been operating as cash only? Or have you and your team been suffering through a lackluster POS system? You want both your in-store and online experience to be the best it can be for customers, and upgrading your POS can be a relatively simple change that will dramatically improve their experience.

Small Business 52

Small Business 2023 Social Media Customer Experience 52

Lavu

JANUARY 15, 2020

Regardless of the purpose, restaurant financing is vital to running a successful business and ensuring smooth cash flow. . About 20% of restaurants fail within their first year of operations, which makes banks more stringent in offering restaurant loans. Merchant Cash Advances. Types of restaurant financing.

Cash Management 78

Cash Management Equipment Small Business Front of House 78

Modern Restaurant Management

JANUARY 12, 2022

This edition of MRM Research Roundup features evolving guest relationships, views on restauarant tech, employee desires and wedding trends. According to this year's survey, restaurant operators' early investment in delivery and mobile ordering has paid off in a big way. Investment in delivery and mobile ordering pays off.

2022 215

2022 Mobile Ordering Guest Recovery Point of Sale 215

Lavu

JANUARY 21, 2020

A good accountant will help you in managing finances and producing key financial statements. With an automation tool like Sourcery , you can integrate the system into your restaurant management applications. This allows you to process, extract, and transfer data between the accounting system and your restaurant POS system. .

Point of Sale 78

Point of Sale Inventory Restaurant Law Front of House 78

iTab POS

NOVEMBER 8, 2018

In such circumstances, your ability to run business operations without reducing the quality of food and service can be the difference between failure and success. When you run a cash-only restaurant, you limit the payment options of your customers, which has a direct effect on your earning potential.

Cash Management 40

Cash Management Mobile Ordering POS Point of Sale 40