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[Guide] How to Implement Digital Tip Payouts at your Restaurant

7 Shifts

Make sure to consider these key factors from both the administrative and employee perspective: Pricing: Consider whether the platform charges a flat fee (monthly or annual), a percentage of tips, or a combination of both. Example: Regular monitoring and auditing of the digital tip payouts will be conducted.

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Simplify Restaurant Accounts Payable with Automation

Restaurant365

There is no visibility into line-item details such as units of measure and price fluctuations, or into invoice and payment data. Vendor Price Tracking. With AP automation, your team can track price fluctuation, automating contract price verification to hold vendors accountable. Enables Contract Price Verification.

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Is 2020 the Year to Remodel Your Restaurant?

Xtra Chef

Plus, our software utilizes optical character recognition (OCR) to make all documents searchable, making reconciliations and audits a breeze. See how often you purchase from each vendor, as well as how their prices fluctuate over time. Finding that your current vendors are price gouging or charging way too much for common ingredients?

2020 115
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Takeaways from Toast’s Restaurant Success Report

Xtra Chef

Fluctuating food prices (shoutout to the avocado) and rising labor costs aren’t making it any easier. Others are modifying menu items or raising prices to offset rising costs. Others are modifying menu items or raising prices to offset rising costs. Running a restaurant isn’t easy.

Compost 60
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How to Successfully Automate Accounts Payable for your Restaurant

Restaurant365

All approval process workflows are accessible through a centralized email or dashboard, and an audit log tracks all decisions. Automated AP empowers you to track price fluctuation, automating contract price verification to hold vendors accountable. For more information, schedule a free demo today. Step 3: Pay.

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What the Heck Are General Ledger Codes, Anyway?

Xtra Chef

GL codes are usually kept as broad as possible to keep the General Ledger “clean,” or neatly organized and audit-ready. We have several GL-specific reports for accountants and Food Cost Ratio and Price Fluctuation Comparison reports for operators who need easy insight into where their money is going. Are you ready to join them?

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5 Top MarketMan Competitors and Alternatives (Compared)

Apicbase

MarketMan tracks ingredient prices to help optimise menu prices. You can track spending over time and receive alerts on price changes. In case of an audit, the necessary documents are ready for inspection. Get a Demo It can analyse the images and extract information. You can set alerts and order to PAR.