Restaurant Engine

JANUARY 26, 2022

In this article we look at how to improve your food service bottom line with these seven financing solutions. #1: So, you want to do inventory on at least a weekly basis if not daily. This will help you manage your inventory, have the right stock on hand, and ensure no one is stealing your food. tweet this).

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7 Shifts

DECEMBER 8, 2020

This article will arm you with ideas for restaurant employee contests. Recommended Reading: Restaurant Task Management: How to Communicate Tasks to Staff 4. This one comes from 7shifts’ Client Success Manager, Katy Gonzales, also a hospitality alum (We said there were a lot of us!).

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The Restaurant Times

JUNE 3, 2020

With the help of the strategies and tips mentioned in this article, a stable dark kitchen business can quickly reach operating break-even and generate profits. . Forecast The cash flow . With a cash flow forecast, you can gain insights about how to manage your cash flow better. Keep Payroll Under Control .

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BNG Point of Sale

OCTOBER 8, 2021

When you think of a point of sale POS system in retail, a cash register likely comes to mind. This article examines how Mobile POS improves business operations. It’s a POS system consisting of smartphones, tablets, or proprietary mobile devices that do the same work as a cash register combined with a backend stock system.

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The Restaurant Times

OCTOBER 26, 2020

While there are various factors that contribute to a restaurant’s success, managing the restaurant finances in the right way is extremely vital. To understand how to manage their finances, restaurant operators first need to understand break-even. Also, you must ensure that there is a proper system of shift management.

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Lavu

JANUARY 3, 2020

EBITDA shows the earning power of the business based on its cash flow. This article covers the following important points: What is Restaurant EBITDA? EBITDA subtracts all non-cash items. Every restaurant owner or manager needs to understand how to calculate EBITDA. What is adjusted EBITDA? Why Use Restaurant EBITDA?

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BNG Point of Sale

AUGUST 19, 2021

In this article, we will take a closer look at how to generate a P&L statement and how the results it provides can improve your business performance and drive you to hit profits that beat industry standards. . Food and drink inventory costs need to include the ingredients costs per meal or per drink.

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The Restaurant Times

SEPTEMBER 5, 2020

The Covid-19 pandemic has clearly indicated that crisis management requires drastic changes in how the restaurant industry operates. In this article, we will explain how restaurants can prepare better for the next hospitality crisis and save their businesses from shutting down. . Remain Aware Of Current Events.

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Modern Restaurant Management

APRIL 2, 2020

Novel ways to deliver everything from orchestral music to personal training and therapy/addiction treatment have made the rounds as viral social media videos or popular articles. Are you paying too much for your website, your payment solution, or your inventory management tools? Build Your Skills.

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BNG Point of Sale

OCTOBER 13, 2021

They offer a wide range of hardware and software options to aid in everything from sales to management to accounting. In this article, we take a closer look at each type of device and software and explain which features are helpful for a range of business types. Cash register/drawer. Laptop or desktop computer. Barcode scanner.

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BNG Point of Sale

NOVEMBER 19, 2021

Customers, employees, and your bottom line will benefit from a technology platform that provides real-time business data, decision-making insights, customer relationship management, and improved efficiency. A digital POS system takes a traditional cash register to the next level. What is a POS System? POS is short for Point-of-Sale.

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Lavu

JANUARY 21, 2020

In this article, you will learn about the various accounting reports that your restaurant should keep. Every restaurant owner and manager needs to review this report on a daily basis to get a picture of how the restaurant is performing. Daily sales reports show whether there is any cash missing so you can trace it back to the cause.

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The Restaurant Times

SEPTEMBER 1, 2021

Harnessing the POS software, restaurateurs have enhanced their restaurant management systems to stay pro-active in the competition. . One of the most important reasons you will deploy a POS system in your restaurant is for efficient management of labor and food costs. 8 Ways POS Software Remodels The Restaurant Management System.

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Apicbase

AUGUST 25, 2023

Mastering new technological skills is, indeed, a crucial part of digital transformation, as highlighted by Tsedal Neeley and Paul Leonardi in their May 2022 Harvard Business Review article, Developing a Digital Mindset. Imagine you’re in a restaurant and have been using an analogue cash register for years.

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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. S ometimes they are also referred to as cash registers or POS systems. It’s necessary to take payments from customers through credit cards, debit cards, checks, or cash. .

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Touch Bistro

JUNE 22, 2021

When used alongside other financial documents, such as your restaurant profit and loss statement (also known as your restaurant income statement ) and your statement of cash flows, your balance sheet gives you a more complete picture of your restaurant’s finances. Your balance sheet can also be used to forecast short and long-term cash flow.

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Margin Edge

FEBRUARY 24, 2022

As a refresher, COGS = beginning inventory + purchased inventory – ending inventory. You could also have a POS error where the buttons aren’t ringing in correctly, servers could be giving away beer to drive tips, or someone could just be really bad at counting inventory. What Are COGS & Why They Matter.

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BNG Point of Sale

JANUARY 19, 2021

What Are The Benefits Of a Restaurant Management System? Cash registers are still part of the equation, but today’s systems allow for greater flexibility in order taking and back-end organization and improved sales analytics. As a business, you still need a cash register, and every point-of-sale system will include one.

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Sling

JUNE 8, 2020

When you think about it, creating a business budget is probably one of the least exciting responsibilities of being a manager or an owner. In this article, the management experts at Sling discuss budgeting 101 and give you tips on how to build a business budget for your company, regardless of size. It might be a little.

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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.

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The Restaurant Times

MARCH 14, 2022

However, the team can only achieve the desired outcome if headed by a potent restaurant manager. Hence, a restaurant manager is an integral part of a restaurant business and plays a crucial role in steering its direction, which is why their job description must be adeptly formulated. Managing Overall Team Performance.

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BNG Point of Sale

OCTOBER 26, 2020

If you are a restaurant owner, spend less time tracking inventory, monitoring employee theft, and training new staff. inventory control. reservation management. As an owner or manager, you can use your POS software to fully view profits and performance at any time of the day anywhere you are – even outside of North Dakota.

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BNG Point of Sale

OCTOBER 26, 2020

If you are a restaurant owner, spend less time tracking inventory, monitoring employee theft, and training new staff. inventory control. reservation management. As an owner or manager, you can use your POS software to fully view profits and performance at any time of the day anywhere you are – even outside of North Dakota.

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The Restaurant Times

JULY 17, 2021

When it comes to restaurants, choosing a versatile POS system is imperative to manage multiple operations and outlets the right way. This article will highlight the major differences between the cloud and traditional POS systems to help you decide the best management software for your restaurant. Absence Of Hardware.

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The Restaurant Times

JANUARY 31, 2022

Learn 5 things to consider before going for restaurant consulting in this article. . Yes, you can enrol in restaurant management classes or attend culinary school. Read a similar article: How A Restaurant Consultant Can Help You Run Your Restaurant Better. 5 Things To Consider Before Going For Restaurant Consulting.

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Restaurant Engine

DECEMBER 9, 2020

In this article, we look at how to tell if you should start catering. The most important thing to consider is whether or not you have the resources to manage the added work. Things to think about include: Who will manage the catering operations? Hire a catering manager. tweet this). Let’s look at what you need to begin.

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7 Shifts

NOVEMBER 17, 2022

Recommended Reading: 7 Bar Inventory Building and Management Tactics for Restaurants. An entire article could be written on drinking games themselves - beer pong, flip cup, rat slap, and kings cup are just a few of the classics. Differentiate your business from competitors. Choosing The Right Games For Your Bar. Drinking Games.

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Lavu

JANUARY 15, 2020

You need funds to restock your inventory, pay your staff, obtain or renew permits, buy business assets, and replace your restaurant equipment. This article will delve into this in more details by focusing on: Definition of restaurant financing. Merchant Cash Advances. Types of restaurant financing. Types of restaurant financing.

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BNG Point of Sale

MARCH 9, 2020

A POS system includes the entire network of systems that come together to manage the transaction process for a business. There are different technologies, payment methods, bookkeeping, inventory, and sales systems available to create an effective and efficient POS system. The customer is then given a receipt. Point of sale software.

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Harbor Touch

NOVEMBER 21, 2022

On the other hand, you may need to hire a manager and/or assistant manager to help with the day-to-day operations. Additionally, a fast and reliable POS system can help you manage cash flow and inventory better, so you always have the right products on hand. Create a solid marketing plan.

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Lavu

JANUARY 21, 2020

In this article, we are going to look at some of the most effective restaurant accounting tips: Understand Restaurant Accounting Terminology. A good accountant will help you in managing finances and producing key financial statements. Track Restaurant Inventory. Install a Good Restaurant POS System. Check Sales Regularly.

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The Restaurant Times

JULY 25, 2021

This article aims to show how UK restaurateurs managed to increase restaurant sales in the new ‘touchless’ world and discuss some of their best practices. . Furthermore, you should also take a critical look at dishes that are not making any sales and just increasing the cost of the inventory. Start Catering Services.

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BNG Point of Sale

JUNE 19, 2020

Point of sale systems already bring in money, because unlike a traditional cash register, the ability to take credit cards will increase the likelihood a customer will make a purchase. Additionally, you can manage inventory, and maintain live updates from each of your locations anywhere you are, all on one merchant system.

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Sling

FEBRUARY 24, 2020

In this article, the workforce-management experts at Sling introduce you to group activities that will get everyone engaged, energized, and motivated to work together. These accounting practices reveal areas where we can improve our overall savings practices and restructure our cash flow. 1) Triangulation. Go to my desk.

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BNG Point of Sale

MARCH 9, 2020

A POS system includes the entire network of systems that come together to manage the transaction process for a business. There are different technologies, payment methods, bookkeeping, inventory, and sales systems available to create an effective and efficient POS system. The customer is then given a receipt. Point of sale software.

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Sling

FEBRUARY 5, 2021

In this article, the workforce management experts at Sling discuss some of the best employee appreciation ideas you can use to show your team you care. As you’ll see in this article, employee appreciation can be as simple as a few words of gratitude in passing, as complicated as a formal reception and ceremony, or somewhere in between.

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The Restaurant Times

JUNE 22, 2021

The previous article discussed what SWOT analysis is and why it is a must after the pandemic. This article will guide you through the steps to conduct an effective SWOT analysis for your restaurant. Therefore, you need to be well prepared to manage all kinds of risks including reputational and internal fraud-related risks. .

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