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Why Restaurant Inventory Management is an Accounting Function

Restaurant365

Restaurant accounting covers all areas of your business, even inventory. Every time your restaurant buys, counts, transfers, or wastes inventory, it must be entered as a journal entry in your accounting general ledger. Operators, owners, and managers can all benefit from becoming well versed in the basics of restaurant accounting.

Inventory 147
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Zero Restaurant Food Waste for the Environment and Lower CoGS

Restaurant365

food system, says that in just one year 35% of all food in the United States went unsold or uneaten. Pre-consumer waste is all food that’s wasted before it gets to the customer, like spoiled inventory and kitchen scraps. Track exactly what kind of waste your restaurant generates by category. Keep a food waste journal.

Waste 147
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James Beard Foundation to Introduce Bread Book Category to Awards in 2023

EATER

The James Beard Foundation announced a slew of changes to next year’s Media Awards and Restaurant and Chef Awards Today, the James Beard Foundation announced updates to its awards categories for the forthcoming 2023 awards in a response to changing trends in the restaurant industry. Barry Brecheisen/Eater Chicago.

Book 92
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Odwalla Smoothies to Be Shelved Forever by Parent Company Coca-Cola

EATER

Coca-Cola, the juice company’s parent company since 2001, announced that it’s discontinuing the brand, the Wall Street Journal reports. Stores will stop receiving Odwalla shipments by the end of July, and any unsold inventory will be picked up through August, a company spokesperson told the Journal. All AM Intel Coverage [E].

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A Step-By-Step Guide To Restaurant Accounting

The Restaurant Times

Predicting future expenses and revenues can become much easier once you have a past record of financial categories. Identifying weak spots in your business can become really simple once you have all the financial numbers right in front of you. Efficient Budgeting. Deeper Insights. Key Restaurant Accounting Metrics.

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10 Types Of Management Styles For Effective Leadership

Sling

The simple, and perhaps somewhat disappointing, answer is that there is no method of leadership that is always superior to all other types of management styles. . The simple, and perhaps somewhat disappointing, answer is that there is no method of leadership that is always superior to all other types of management styles. .

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Restaurant365’s CEO Tony Smith Receives 2021 OCBJ Innovator of the Year Award

Restaurant365

IRVINE, CA and AUSTIN, TX (September 23, 2021) – Restaurant365 , the leading all-in-one restaurant management platform, today announced that Co-Founder and CEO Tony Smith was named a recipient of the seventh annual 2021 Orange County Business Journal (OCBJ) Innovator of the Year Awards. ?This About Restaurant365 ® ?? .