7 Shifts

DECEMBER 3, 2019

Step 1: Audit Your Current Location(s) Before you start planning for your future, take a look at your past and your present. Still, you should conduct a thorough audit of your current restaurant(s) before expanding your business further. Read on for our actionable, step-by-step process on how to expand your franchise.

Franchise 368

Franchise Franchising Audits Point of Sale 368

7 Shifts

AUGUST 18, 2024

But the challenges don’t stop there—once open you have to focus on improving processes, managing labor schedules, and controlling restaurant costs. Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. Let’s get started.

License 370

License Equipment POS Food Supply 370

ChowNow

SEPTEMBER 17, 2024

Managing accounts payable (AP) for restaurants efficiently is vital to running a successful restaurant. From keeping up with invoices to negotiating better payment terms with suppliers, these steps can ensure smoother operations, improved cash flow, and stronger relationships with your vendors. Automation can be a game changer here.

Cash Management 195

Cash Management Document Restaurant Law Online Ordering 195

Lavu

NOVEMBER 29, 2024

Managing payroll manually in restaurants is time-consuming and error-prone. Integrates with POS systems for seamless operations. How to Start : Choose software with features like POS integration, tip management, and compliance tools. Managing payroll in the restaurant industry comes with its own set of challenges.

Tip Distribution 78

Tip Distribution Restaurant Law Employee Relations Cash Management 78

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. Checklist app automates daily food safety and operational task management as well as regular maintenance and audit procedures. ” The BOHA!

Employee Relations 516

Employee Relations Healthcare Online Ordering Customer Service 516

Lavu

MAY 16, 2025

Managing payroll in a fast-paced restaurant environment isnt just about cutting checksits about accuracy, compliance, and keeping your team satisfied. Yet, restaurant payroll management often comes with challenges like time tracking errors, tax issues, and inconsistent scheduling. compared to in-house systems.

Tip Distribution 78

Tip Distribution Management Management Cash Management 78

Paper Chase Accountancy

MAY 30, 2025

Sample Bookkeeping for Restaurants and Bars: In the hospitality industry without precise record-keeping, even the most successful establishments can find themselves adrift, struggling with cash flow, compliance, and ultimately, profitability. Bookkeeping is the often-unsung hero, forming the bedrock of smart financial management.

Bar 52

Bar Cash Management Point of Sale Back of House 52

7 Shifts

MAY 1, 2024

Table of Contents 5 easy steps to simplify bookkeeping in the restaurant industry Essential accounting and bookkeeping reports for restaurant owners and managers Identifying and reducing controllable costs in the restaurant business Should I outsource restaurant bookkeeping or do it myself?

Cash Management 221

Cash Management Employee Relations Inventory Beverage 221

Paper Chase Accountancy

JUNE 2, 2025

While a seemingly small detail, the proper management of tips can significantly impact a restaurant’s financial health and its employees’ satisfaction. Non-compliance with tip tracking can result in legal issues, making investment in hospitality accountants vital for risk management.

Tip Distribution 52

Tip Distribution Audits Cash Management Restaurant Law 52

7 Shifts

AUGUST 2, 2023

Restaurants without team management tools may miss out on top talent, like those who value tech: Gen Z. Reporting and tracking: These capabilities allow managers to analyze tip distributions, identify trends, and generate comprehensive reports for internal auditing and tax purposes—all without having to make their own spreadsheets.

Tip Distribution 195

Tip Distribution Cash Management Employee Relations Audits 195

7 Shifts

SEPTEMBER 6, 2024

Efficiently managing labor can help you keep your restaurant COGS under control. Phil Gadd, owner of The Loaf Bakery, said their company saved on labor costs by 4% when they used 7shifts with their POS system. Proper management of packaging costs is crucial, as it can significantly impact your restaurant's COGS.

2024 195

2024 Seasonal Menu Inventory Food Supply 195

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

Harbor Touch

MARCH 16, 2025

Thats where this guide comes inpractical, no-nonsense tips to get things running like clockwork, especially for folks using POS systems like SkyTab. Well cover everything from automation to IT management, with examples tailored for POS users. For POS users, your systems a treasure chest of clues.

POS 78

POS Operations Cash Management Point of Sale 78

Harbor Touch

MARCH 16, 2025

Thats where this guide comes inpractical, no-nonsense tips to get things running like clockwork, especially for folks using POS systems like SkyTab. Well cover everything from automation to IT management, with examples tailored for POS users. For POS users, your systems a treasure chest of clues.

POS 78

POS Operations Cash Management Point of Sale 78

Paper Chase Accountancy

MAY 21, 2025

They require specialized support that understands the intricacies of fluctuating revenues, high labor costs, and complex inventory management. This volatility makes accurate forecasting and consistent cash flow management incredibly challenging.

Hospitality 52

Hospitality Sustainability Cash Management Hotels 52

Paper Chase Accountancy

MAY 22, 2025

From setting up a system, managing labor costs, to forecasting and financial strategy, it’s all covered here. Key Takeaways Establishing a comprehensive restaurant cost accounting system is crucial for tracking profits, managing cash flow, and ensuring financial health. But what’s the real kicker?

Cash Management 52

Cash Management Franchise Franchising Tip Distribution 52

Paper Chase Accountancy

MAY 20, 2025

Key Takeaways Restaurant bookkeeping requires specialized tools and systems, including management software, POS systems, and a well-structured chart of accounts. They help restaurant owners manage their finances effectively and make informed decisions. First, understanding the essential tools for bookkeeping is critical.

Cash Management 52

Cash Management Hotels Hospitality Point of Sale 52

Paper Chase Accountancy

JUNE 16, 2025

These ratios provide valuable insights into operational efficiency, cost management, and overall profitability. Core Profitability Ratios for Restaurant Owners In the realm of restaurant management, understanding core profitability ratios is crucial. Implement effective inventory management. Let’s explore this further.

Hotels 52

Hotels Hospitality Cash Management Restaurant Law 52

Paper Chase Accountancy

JUNE 16, 2025

These ratios provide valuable insights into operational efficiency, cost management, and overall profitability. Core Profitability Ratios for Restaurant Owners In the realm of restaurant management, understanding core profitability ratios is crucial. Implement effective inventory management. Let’s explore this further.

Hotels 52

Hotels Hospitality Cash Management Restaurant Law 52

The Restaurant Times

JUNE 3, 2020

Forecast The cash flow . With a cash flow forecast, you can gain insights about how to manage your cash flow better. Using a cash flow forecast will give a fair understanding of the cash inflows and expenses, so you can be better prepared to make decisions. . Avoid The Credit Business.

Cash Management 88

Cash Management Point of Sale Front of House Equipment 88

Harbor Touch

APRIL 17, 2018

If you purchase equipment, like a restaurant POS system , for example, it may be eligible for depreciation deductions. 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. Expensing Asset Purchases.

Employee Relations 97

Employee Relations Insurance Point of Sale Food Supply 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. . Installing a POS system for restaurants is the best way to do that.

POS 52

POS Mobile Ordering Loyalty Program Online Ordering 52

Paper Chase Accountancy

JUNE 5, 2025

It’s a complex arena, where revenue management, cost control, and financial reporting intermingle with unique business elements such as seasonality, customer service, and the unpredictability of guest behavior. Comparing and selecting appropriate accounting solutions can greatly impact business efficiency in the hospitality sector.

Hospitality 52

Hospitality Cash Management Hotels Restaurant Law 52

Lavu

JANUARY 21, 2020

You can also use a tool like Sourcery to derive and process data from your POS system. When restaurant accounting software is integrated into your restaurant POS system , it puts all the operational and accounting information in a single database. A POS system helps in keeping a better track of your inventory.

Audits 78

Audits Back of House Front of House Point of Sale 78

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. From the introduction of point of sale (POS) systems to accounting systems, technology is changing the ways restaurants operate today. Among the technology offered today is restaurant management software. . Why do you need restaurant management software?

Management 78

Management Management Cash Management Mobile Ordering 78

MBB Hospitality

AUGUST 5, 2024

From retail to restaurant management, the right inventory solutions can make a significant impact on profitability and customer satisfaction. Below, we explore various types of inventory services and how businesses can leverage them to better business management and even excel in franchise management settings.

Inventory 52

Inventory Audits Franchise Franchising 52

The Restaurant Times

OCTOBER 12, 2020

In the restaurant industry, revenue management is of utmost importance. One of the primary goals of restaurant revenue management is to maximize the overall sales and focus on decreasing the costs. It involves using tools such as a robust POS system and tracking reports to analyze the sales data to accurately predict future demand.

Management 52

Management Management Cash Management Audits 52

Restaurant365

SEPTEMBER 30, 2019

All approval process workflows are accessible through a centralized email or dashboard, and an audit log tracks all decisions. Digitizing the AP workflow gets your management and accounting team away from the computer to do more strategic tasks. Step 3: Pay. AP automation also impacts your business’ big picture in the long term.

Audits 60

Audits Cash Management Mobile Ordering Point of Sale 60

Xtra Chef

OCTOBER 28, 2020

Restaurant inventory management is not the most enjoyable restaurant task. Inventory management is a cost management strategy that influences your restaurant food costs , revenue, profitability, and cash flow. Of course, there’s much more to inventory management than maintaining stock levels.

Inventory 78

Inventory Management Management Cash Management 78

The Restaurant Times

FEBRUARY 22, 2022

When a restaurant wants to cater to certain customer segments, offer healthier menu options, maintain food safety and quality, and make other recommendations for their clients, such as which restaurant POS system is the best choice, food consultants are frequently employed. Kitchen Management .

Hiring 52

Hiring Food Kitchen Safety Food Safety 52

BNG Point of Sale

SEPTEMBER 2, 2021

In this post, we will explore what an ideal restaurant food margin is and how to calculate it so that you can have an easier time managing your business and know exactly where you stand financially. . However, the difference is that high-end caterers can make as much as 15% while others might only be able to manage 8%. .

Food Truck 52

Food Truck Loyalty Program Food Point of Sale 52

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

SpotOn

FEBRUARY 26, 2024

For in-store sales, you’ll want to ensure your staff knows how to use your retail POS system. Managing remote businesses adds an additional layer of complexity to retail recruitment. Check your POS reports. Check your candidate management system to see if these are available to you. 

Recruiting 52

Recruiting Retail Point of Sale Small Business 52

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

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. Document Management & Search — Easily store, search, and access invoices from anywhere. Shake Shack Inc.

Food Safety 362

Food Safety Customer Experience Website Management Employee Relations 362

Clover - Restaurants

MAY 3, 2024

City and state health departments monitor local restaurants to ensure they’re following food safety management program guidelines. Additionally, in order for restaurant leaders to operate as a certified safe food handler , such as managers and chefs, they must pass assessments related to food safety and risks like foodborne illnesses.

Kitchen Safety 52

Kitchen Safety Food Safety Food Food Supply 52