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Restaurant Bookkeeping: Comprehensive Guide to Master Bookkeeping

7 Shifts

Bookkeeping is one of the most essential aspects of any restaurant business. After all, a small, honest mistake can accumulate over time and turn into bigger operational problems— 17% of restaurants even fail in their first year due to mismanagement of finances. Regardless of how complex bookkeeping can look like in the beginning, understanding the basics is not an impossible task.

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EYES WIDE OPEN, EYES WIDE SHUT

Culinary Cues

There is a real dichotomy in understanding, a gap in understanding between the employer and employee and how each views the work at hand. I’m sure it’s true in many industries, but let’s just focus on the business of restaurants. For nearly two years now I have been offering thoughts on the labor challenges that restaurants continue to face while providing some observations and thoughts.

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Why Limited Time Offerings are More Than a Passing Phase

Modern Restaurant Management

Limited Time Offerings (LTOs) have been a staple of the restaurant industry, although their very nature is short-lived. For consumers, LTOs often bring to mind seasonal offerings that have become synonymous with specific times of the year. For restaurants, LTOs create new avenues to connect with customers and generate opportunities for chefs to expand offerings.

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What are the Ways of Managing Your Restaurant Food Inventory?

Sculpture Hospitality

Effective inventory management is the backbone of a successful restaurant operation. As profit margins in the hospitality industry can be razor-thin, ensuring control over food inventory is paramount for financial sustainability and operational efficiency.

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Individual Development Plan Template

There’s no way around it: sometimes employees need your help. Use this free template to clarify expectations, share resources, and set a timeline. Best case scenario, this process helps them improve. Worst case, your great recordkeeping keeps you compliant even if they move on. Downlady the template today!

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Sky’s the Limit at Armory STL

SpotOn

There are bars with domestic beers, gluey nachos, and one glitchy TV that make you realize there’s a six-pack in the fridge at home (and more comfortable seats). Then, there are bars that redefine the term “bar,” stretching it to include giant ping pong, a pilates class, the movie Moana, and a build-your-own bloody mary bar. Armory , nicknamed “the arsenal of entertainment,” is the biggest bar in St.

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How to Host a Restaurant Tasting Event

Wasserstrom

Tasting events engage diners, showcase culinary creativity, and generate buzz. But for restaurant professionals, navigating the logistics and maximizing the return on investment (ROI) can feel daunting. To get you started, we cover the essentials of hosting successful tasting events, equipping you with the knowledge to cultivate an experience for your guests and boost your […] The post How to Host a Restaurant Tasting Event appeared first on The Official Wasserstrom Blog.

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Game Changing News for Brands’ Media Mix

Modern Restaurant Management

Restaurant brands need to pay attention to evolving media consumptions in order to better engage with potential customers, according to results of a year-long study conducted by Digital Turbine in collaboration with Qrious Insight. While 91 percent of people use social media, the report finds that, among QSR brand consumers, nearly four in ten social users actually spend more time playing mobile games than they do on social media.

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Jerry Seinfeld on the Unreality of ‘Unfrosted’

EATER

Unfrosted is an absurd take on the invention of Pop-Tarts. | John P. Johnson / Netflix Seinfeld and Spike Feresten explain why the story of the Pop-Tart called for an absurdist approach There is a real story about how Pop-Tarts were invented: In 1964, the breakfast food company Kellogg’s (which now operates as Kellanova) approached William Post to develop a breakfast toaster pastry, knowing that its competitor company Post — no relation to William — was working on a similar product called Countr

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239. Restaurant Technology Guys Podcast Ep. 239 – Unveiling the Future of Kitchen Innovation at the National Restaurant Association Show

Restaurant Technology Guys

The annual National Restaurant Association Show stands at the forefront of revolutionizing the foodservice industry, merging tradition with technological advancement. This year’s expo, particularly notable for its Kitchen Innovations segment, is no exception. Set against the vibrant backdrop of Chicago, the show promises a treasure trove of insights for anyone connected to the food industry.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Expert Tips to Market and Create a Set Menu

The Eat Restaurant

Attracting new customers and keeping regulars in your restaurant while managing full seating capacity can be challenging. A great solution is to offer pre-made tasting menus through unique dining experiences. This approach draws guests in and delights them with unusual dishes and fresh ingredients.

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Free Guide: 4 Steps to Control Labor Costs in Every Restaurant

Crunchtime

Refresh your labor cost control strategy with this brand-new guide. It's well understood that labor costs are a top concern for restaurant brands today, but oftentimes, operators are largely unaware that labor overspend has crept into their operation. Paying wages is an unavoidable expense of any business, but restaurants often have inflated labor costs that hide in different areas of the operation.

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Transforming Restaurant Operations: Uniting Teams and Closing Communication Gaps

Modern Restaurant Management

Restaurants are complex businesses with many moving parts. Yet all of these parts must work together in harmony for the customer to leave the restaurant feeling satisfied, with their only hunger being to return for another visit. Unfortunately, the restaurant industry is notoriously known for being cliquish, and these cliques may not be as innocent and harmless as they may seem.

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Cava is ready to bring its bowls to the Midwest

Restaurant Business

The Mediterranean fast casual will debut Friday in Chicago, and the chain’s co-founder said it plans to open “a bunch” of restaurants to the Windy City and its suburbs.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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230. Restaurant Technology Guys Podcast Ep. 230 -Revolutionizing Sustainability in the Food Industry with Restaurant Technologies Inc.

Restaurant Technology Guys

In the world of sustainable practices, Restaurant Technologies Inc. (RTI) is a shining example of innovation and commitment to making a positive impact on the environment. In a recent podcast interview with RTI’s General Counsel, Diana Geseking, and the host Jeremy, the conversation delves deep into the company’s sustainability efforts and the incredible impact they have had on the food industry.

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So Now Panera Is Selling a Bread Bowl Hat

EATER

It’s giving lunch | Panera Bread Wear it with your Panera purse You could forgive Panera Bread for thinking it should keep pushing into the fashion world. The brand’s baguette purse was kind of great. But in anticipation of the Kentucky Derby, and to promote its new menu, Panera is now releasing a “bread bowl” hat that kind of looks like a bird tried to make a nest out of stale leftovers.

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ConnectSmart® Kitchen: Revolutionizing High-Volume Food Service 

QSR Automations

In the fast-paced world of corporate hospitality, concessions, and quick service, the ability to efficiently manage high volumes of orders is paramount. Enter ConnectSmart® Kitchen – a game-changing solution that seamlessly integrates automation, dynamic capacity management, and recipe digitization to elevate your kitchen operations to new heights. Corporate Hospitality and Dining Imagine effortlessly handling a surge of orders while maintaining top-tier product quality; ConnectSmart® Kitche

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How to Pass Health Inspections: Ice Machines and Refrigeration

Modern Restaurant Management

Steering through the maze of health inspections might seem tricky. There's a lot to consider — especially when it comes to your commercial refrigeration and ice machines. But fear not! This friendly guide is here to shed light on the best practices to keep your coolers and ice makers sparkling clean. It's not just about acing health inspections, but also about winning the trust of your customers by letting them know their health and enjoyment are your number one priority.

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Top 5 Ways to Optimize Your Loyalty Strategy

Speaker: Lauren Barash, Vice President, Brand Marketing

In an ever-evolving industry, building and retaining loyal customers is critical to the success of any restaurant business. Join Lauren Barash, VP of Brand Marketing at Full Course, as she delves into the world of restaurant loyalty programs, and reveals the top five essential strategies to optimize your approach! This webinar will explore: Loyalty trends and what you should be focusing on 📊 Actionable insights and ideas to help you develop the most powerful and effective loyalty program

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What went wrong at restaurant-retail hybrids Foxtrot and Dom’s?

Restaurant Business

Retail Watch: It appears, at least in part, that the value equation didn’t add up for inflation-weary consumers. Plus: C-store stalwart Krispy Krunchy Chicken has big growth plans.

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2024 Michigan Minimum Wage Guide

SpotOn

With so many labor laws and an ocean of paperwork, it can get tricky to remember how much a minimum wage employee should earn in Michigan. While Michigan recently increased its minimum rate in 2024 to $10.33 per hour, there can still be some confusion about the labor laws that involve overtime pay, training wages, and tipped employees. From Ann Arbor to Detroit, Grand Rapids, and Lansing, we've written a guide on Michigan's minimum wage that business owners, restaurant managers, and ne

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How (and Why) to Forage for Ant Eggs in a Northeastern Thai Forest

EATER

Plating ant eggs for a quick snack. Though Isan cuisine has proven popular around the world, chefs in the northeastern Thai region are still fighting for recognition domestically, using foraged ingredients and fine dining techniques to rewrite their culinary reputation Rule 1: Gather eggs between March and May. Rule 2: Prepare for thorny underbrush and an armada of hungry mosquitos.

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Leveraging Technology for Efficient Restaurant Management

ChefMod

In the fast-paced world of the restaurant industry, the adoption of modern technology is not just an advantage—it’s a necessity for survival and success. As operations become more complex, technology such as ChefMod offers sophisticated solutions that streamline tasks, reduce errors, and enhance overall efficiency. Furthering the effort to make technology more accessible, accurate, and approachable, ChefMod’s unique approach provides a support system for every engagement throughout the pro

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2024 Restaurant Spending Trends to Stay Ahead of the Curve

How do you stay on top of what your customers are expecting when they step through your doors? Do you know what’s on their mind? How are you going to account for what they’re planning on doing months from now? As we head into 2024, price-related issues are still top-of-mind for restaurant customers after the inflation boom earlier this year. In this new report, we give you the latest insights on consumer spending trends, attitudes on tipping, and how you can respond.

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Behind the Scenes: Cinco de Mayo Prep

Modern Restaurant Management

Staff at one popular Mexican chain start preparations for the next year’s Cinco de Mayo celebration right after the previous one ends. “Immediately after the event the team meets to gather feedback and create a recap,” Kurt Pahlitzsch, Vice President of Casual Dining at Doherty Enterprises, franchisee of Chevys, told Modern Restaurant Management (MRM) magazine. “In December, the team begins to plan based on the feedback from that recap meeting and the new ideas that have

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How restaurants can make margin improvements that improve the bottom line

Restaurant Business

Boost margins without alienating customers. IFMA's Restaurant Margin Optimization Model offers insights from industry leaders on menu engineering, supply chain efficiencies, and marketing tactics.

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How to design a restaurant recipe card–and share it

Clover - Restaurants

Since restaurant staff typically can’t afford the time and effort to dig through a recipe box during the evening rush, the design and storage of your recipe cards is critical to running an efficient kitchen. Read on to learn about how to create recipe card templates that maximize both employee efficiency and customer satisfaction. In fact, we’ll tell you why sharing your secret sauce can even be a key to customer loyalty.

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Where can i find free restaurant management software?

TastyIgniter

In this blog post, we explore the world of free restaurant management software and its various applications in the food service industry. From efficient inventory management and menu planning to seamless reservation and staff scheduling, we delve into the essential features and benefits of these software solutions.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.