Modern Restaurant Management

MARCH 31, 2020

A few months back, several Tim Hortons locations were forced to shut down after a computer virus infected cash registers at more than 1000 stores. The malware was designed to steal customer names, credit card numbers, and verification codes. Is the vendor’s security audited by a third-party company? Prepare For The Worst.

Website Management 168

Website Management Retail Small Business Online Ordering 168

Restaurant365

SEPTEMBER 30, 2019

However, not all accounts payable solutions are designed for the restaurant industry, so many restaurants piece together non-restaurant-specific accounting platforms. All approval process workflows are accessible through a centralized email or dashboard, and an audit log tracks all decisions. Step 3: Pay.

Audits 60

Audits Cash Management Mobile Ordering Point of Sale 60

7 Shifts

FEBRUARY 12, 2021

They could also be trying to get out of a bad situation—be it management, building, or market related. Find out the true costs Understanding the businesses food and labor costs, monthly overhead, and a clear picture of the business cash flow. Have there been any tax audits in the past three to five years?

License 195

License Equipment Certification Information 195

Harbor Touch

APRIL 17, 2018

If you are audited, and the IRS believes you are overcompensating employees based on other amounts reported within the restaurant industry, you may not be able to deduct them fully. Seems like a no-brainer but maintaining solid files, both physical and electronic, are critical to managing your restaurant. Compensation and Taxes.

Employee Relations 97

Employee Relations Insurance Point of Sale Cash Management 97

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. It enables you to manage each task efficiently. . That is why, automating restaurant operations is always fruitful.

POS 52

POS Mobile Ordering Loyalty Program Online Ordering 52

7 Shifts

MAY 15, 2023

Restaurant payroll is a system for calculating and managing the salaries of employees in a restaurant. Employers need to track hours, calculate wages, manage shift schedules , and maintain employee records. Updating your payroll records in case of an audit. Paying employees what they are owed on time.

2023 195

2023 Tip Distribution Audits Restaurant Law 195

7 Shifts

MAY 18, 2023

Then, out of the blue, these labor audit folks showed up, and man, did they find a heap of issues. And the audit was a pain in the neck—he had to dig out all sorts of paperwork and answer a million questions, which ate into the time he should have been spending running his place. Most common labor payroll mistakes 1.

Restaurant Law 195

Restaurant Law Insurance Audits Cash Management 195

EATER

MAY 22, 2020

Breaks are longer, and every other cash register is left empty to allow space between workers. To manage crowding, all stores are limiting the number of customers that can enter at once, as well as putting up “visual cues and in-store signage” encouraging distancing, and performing “daily audits to ensure compliance.”

Employee Relations 145

Employee Relations Food Safety Website Management Social Media 145

Notch

JANUARY 23, 2019

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. So when you’re trying to manage your profits and losses, what you’re really doing is: weighing your risks, developing contingency plans—and mitigating the factors you can’t account for, by focusing on the ones you can.

Email Marketing 72

Email Marketing Merchandise Website Management Point of Sale 72

Notch

JANUARY 23, 2019

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. So when you’re trying to manage your profits and losses, what you’re really doing is: weighing your risks, developing contingency plans—and mitigating the factors you can’t account for, by focusing on the ones you can.

Email Marketing 52

Email Marketing Merchandise Website Management Point of Sale 52

Modern Restaurant Management

MARCH 11, 2020

US Foods Holding Corp.entered into a definitive agreement to acquire Smart Foodservice Warehouse Stores from funds managed by affiliates of Apollo Global Management, Inc. NYSE: APO) (the “Apollo Funds”) for $970 million in cash.

Bar 116

Bar Cash Management Loyalty Program Point of Sale 116

Xtra Chef

DECEMBER 11, 2019

Whether you are an executive chef, a seasoned restaurant finance executive, or an owner/operator who manages your own books, speaking the language of restaurant accounting will help keep all financial stakeholders on the same page. In Part 2, we’ll help you decide how best to manage accounting at your restaurant. Inventory Management.

Cash Management 90

Cash Management Point of Sale Tip Distribution Inventory 90

Lavu

MARCH 11, 2020

Understanding Restaurant Management Software. Among the technology offered today is restaurant management software. . If you’re in the beginning stages of looking for a restaurant management system , you might have multiple questions or concerns. Why do you need restaurant management software?

Management 78

Management Management Cash Management Mobile Ordering 78

Modern Restaurant Management

AUGUST 19, 2020

Modern Restaurat Management (MRM) magazine is collaborating with the team at MarketScale on The Main Course , a podcast that aims to explore the intense and competitive modern restaurant industry. "We Barbara Castiglia , MODERATOR – Modern Restaurant Management. The Main Course. Space is limited, so click here to register.

Kitchen Safety 181

Kitchen Safety Loyalty Program Delivery Customer Service 181

The Restaurant Times

FEBRUARY 22, 2022

Restaurant food consultants are frequently involved in menu engineering, design, and food costs. Menu engineering is a framework for evaluating and optimizing the pricing and design of your restaurant’s menu in order to build a more profitable business. Kitchen Management . 4 Reasons Why You Need To Hire A Food Consultant.

Hiring 52

Hiring Food Kitchen Safety Food Safety 52

Modern Restaurant Management

APRIL 2, 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 fund is designed to help those struggling employees.” restaurant employees financially impacted by the coronavirus crisis. . ” The BOHA!

Healthcare 168

Healthcare Employee Relations Online Ordering Customer Service 168

Apicbase

APRIL 20, 2022

They also expect a consistent menu, interior design, and ambience across restaurants. Audited financial statements can reassure potential business owners and investors. We suggest focusing on your earnings before interest and taxes (EBIT) to estimate cash flow. Generally, an EBIT margin of around 15% is considered good.

Franchise 52

Franchise Franchising Cash Management Kitchen Safety 52

Modern Restaurant Management

JUNE 19, 2020

This singular focus has allowed Bloom to create a world class enterprise analytics and marketing platform that saves at-risk customers, builds and manages online reviews, while increasing customers’ frequency. We designed Relish because it's COVID-smart. Financial details of the deal were not disclosed.

Food Safety 108

Food Safety Customer Experience Website Management Employee Relations 108

Apicbase

MAY 18, 2022

Managing a chain of company-owned restaurants is very different from working with franchisees. Besides cost estimates, audited financial statements and projections should be included, like: the expected growth rate for (at least) the first year; the estimated restaurant cash flow; the expected payback period.

Franchise 52

Franchise Franchising Sustainability Document 52

EATER

OCTOBER 13, 2020

Despite its issues-driven programming, the foundation’s Restaurant and Chef Awards have become both its crown jewel and cash cow. It was not designed that way. Obtaining the list of winners and trying to manipulate a revote are just part of the foundation’s interference with a process that was designed to prevent that from happening.

Social Media 101

Social Media Employee Relations Leadership Email Marketing 101

Modern Restaurant Management

FEBRUARY 19, 2020

Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise and MUFSO environment. In 2019, Taco John’s unveiled an updated brand and restaurant design. She first served as senior internal audit analyst at Yum! She also worked in Yum!

Franchise 108

Franchise Franchising Fast Casual Point of Sale 108