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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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HOW TO OPERATE A GREAT RESTAURANT

Sante

“Good” is a misleading term when it comes to business. Good is another way of expressing “acceptable”, or “average”, and Continue Reading The post HOW TO OPERATE A GREAT RESTAURANT appeared first on Santé Magazine.

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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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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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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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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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The Top 15 Payment Integrations for Restaurants in 2024

The Eat Restaurant

For restaurant owners, smooth operations are important. Managing various payment and reservation systems simultaneously is far from ideal, often leading to lost revenue, wasted time, and frustrated customers due to double entries and manual transactions. I ntegrated reservation systems like Eat App, with secure payment solutions can be a game-changer for restaurants.

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Texas Roadhouse continues its hot streak

Restaurant Business

The chain reported another quarter of impressive sales and traffic growth, and its margins increased, too.

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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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Dust to Dust

EATER

From adaptogen powders to AG1 and collagen, why are so many of us self-medicating with supplements? When my first novel was released in 2017, I found myself depleted and exhausted. For an introverted writer, going on a book tour was a shock to the system. For the first time, I was speaking in public, fielding questions about writing, trying to put words to an intuitive endeavor.

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The Bartender’s Trifecta; ConnectSmart® RecipesPlus, ConnectSmart® Kitchen and SmartBar USA 

QSR Automations

In the dynamic world of hospitality, innovation isn’t just a buzzword; it’s what keeps the industry afloat. From the ambiance of the venue to the precision of the cocktails, every small detail matters. In this realm of precision, technology is a game-changer, it can revolutionize the way bars operate and enhance the customer experience. The landscape of kitchen tech is lush, and it’s never been a better time to invest in kitchen technology!

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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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Your Guide to the 2024 National Restaurant Association Show

SpotOn

If you work in the food service industry, the National Restaurant Association Show is the place to be. It's an annual trade show with more than 50,000 professionals, 2,200 exhibitors , and 900 product categories in a space that covers over 11 football fields. However, with an event this big, your visit can easily turn into information overload.

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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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For Starbucks, 2 years of change hasn't yielded promised results

Restaurant Business

The Bottom Line: The coffee shop giant’s sales struggles worsened earlier this year, despite a flurry of efforts to improve operations and employee satisfaction.

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Restaurant cleanliness: Importance of cleaning & sanitation in food industry

Clover - Restaurants

According to the Centers for Disease Control and Prevention (CDC), there are an estimated 48 million people who get sick from foodborne illness each year, with 128,000 requiring hospitalization. An estimated 3,000 people in the U.S. die each year due to foodborne illness. Recent surveys confirm the importance of cleaning and sanitizing in food industry establishments for building customer confidence and in influencing diner choice.

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Emerging Enterprise Sales: Revel Employee Spotlight

Revel Systems

Meet Emerging Enterprise Account Executive Lynne DeVall Get to know some of the best and brightest at Revel Systems® in our recurring “People POS” question-and-answer series. Our previous spotlight featured Josh Starkey , a professional services consultant who travels the U.S. helping our clients implement Revel’s platform.

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MRM on Trend: Coffee Mixology

Modern Restaurant Management

Ever-popular coffee is also proving to be an uber versatile ingredient for restaurants, bars and coffeehouses. More than half of North America’s 50 Best Bars have coffee cocktails on their signature menus, according to bar inventory resource, Backbar. According to a recent survey , one in four Americans like to drink espresso martinis, and in 2024, the cocktail trend remains strong, having experienced a 50 percent growth over the preceding 12 months.

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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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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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Wingstop is doing great. Here's how CEO Michael Skipworth says the chicken chain can do even better

Restaurant Business

After a strong first quarter, Dallas-based Wingstop expects double-digit same-store sales growth this year, as it plans on becoming a Top 10 global restaurant brand.

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Digitize Your Old-Fashioned Recipe Books with ConnectSmart® RecipesPlus

QSR Automations

As the world continues to rely less on paper and more on digital applications, we are thrilled to unveil our latest ConnectSmart® innovation for restaurants: RecipesPlus. This revolutionary digital recipe platform will transform your kitchen operations, making recipe execution and training a breeze. ConnectSmart® RecipesPlus is not just a recipe hosting software, it’s a tool designed to create a consistent dining experience for your guests.

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How to Manage Inventory During a Restaurant Relocation

The Rail

By Noel Dorsey, Contributor Restaurant relocation is a significant undertaking that requires careful planning and execution, especially when managing inventory. Properly handling inventory during the relocation process is crucial to ensure a smooth transition and minimize disruptions to operations. In this post, we'll explore effective strategies for managing inventory during a restaurant move, from inventory assessment to packing and transportation, to help restaurant owners easily navigate thi

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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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Microclimates in Dining: Tailoring Spaces for Every Generation

Modern Restaurant Management

When it comes to designing restaurants, creating spaces that rise above mere aesthetics requires a deep understanding of the guests who will be a part of the experience. Beyond the surface-level elements such as décor and spatial layout, as architects and designers we must acknowledge the significance of catering to the diverse preferences of each restaurant’s clientele.

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Why your business might consider adopting a concierge business model

Clover - Restaurants

What is concierge service? When you hear the word “concierge,” you might think of luxury hotels or high-end spas. While luxury is often associated with concierge services, all they really mean is a personalized customer experience. That kind of experience can be offered by all types of small businesses–from restaurants to retail shops to service businesses.

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Just Salad jumps on the drive-thru bandwagon

Restaurant Business

Freshly made drive-thru salads are increasingly becoming a thing. This fast-casual chain is ramping up growth in both urban and suburban locations, with car customers in mind.

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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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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.