Lavu

NOVEMBER 17, 2023

By continuously monitoring and optimizing profit margins, owners can unlock valuable insights that can guide them towards effective cost management and operational efficiency. percent, they manage costs to remain profitable and provide value for money. To enhance profits, effective food cost management is key.

Fast Casual 123

Fast Casual Fine Dining Food Truck Loyalty Program 123

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

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

Apicbase

MAY 8, 2024

The right restaurant management software significantly enhances efficiency and control of operating costs. Finally, we will explore the best alternatives to MarketMan, helping you decide which restaurant inventory management platform aligns best with your needs. It helps you track waste and theft to better control running costs.

Inventory 52

Inventory Food Supply Kitchen Safety Back of House 52

Modern Restaurant Management

OCTOBER 26, 2022

While restaurants have no control over the interchange fees set by card companies such as Visa and Mastercard, they can cut costs and improve the bottom line by selecting a payment processing company that tailors merchant services to the needs of each client and continues to audit those services to ensure they scale up or down as necessary.

Consumer Goods 173

Consumer Goods Restaurant Law Audits Customer Service 173

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

Apicbase

APRIL 5, 2024

Restaurants use software and smart hardware to automate everyday tasks and management duties, such as purchasing ingredients, managing inventory, making production lists, dealing with allergens, and calculating costs. It streamlines recipe management and cost analysis.

Back of House 52

Back of House Front of House BOH Point of Sale 52

Embrace the Suck

DECEMBER 25, 2019

Here’s another thing to be aware of: their supervisor (district manager) will usually lookout for the salesperson, while those at the higher levels look out for their company. That is usually the district or regional manager. What you want to ask for is margin instead of markup and you want it to be auditable.

Food Truck 296

Food Truck Food Audits Tip Distribution 296

Sling

MAY 9, 2023

ADD_THIS_TEXT Restaurant operations (or RO for short) is the collective term for all the activities that go into managing a food-service business — everything from the daily responsibilities that need to be done to the long-term planning that keeps the business on track. wine, spirits, caviar, etc.) and storage spaces.

Operations 78

Operations Loyalty Program Food Safety Front of House 78

Restaurant365

DECEMBER 10, 2021

However, the more separate systems you’re using in your restaurant management ecosystem, the more opportunities there are for issues. Full integration between your payroll software, accounting system, and point-of -sale (POS) system can help eliminate this manual import and offer substantial time savings.

Point of Sale 146

Point of Sale Back of House Front of House POS 146

Restaurant365

JANUARY 22, 2020

Your point of sale system (POS) may be tracking your private company financials, and your internal communications may include intellectual property or confidential corporate information. A professional forensic audit of your business. However, your restaurant can manage your cybersecurity risk to try to avoid a cyber attack.

Audits 88

Audits Point of Sale Front of House POS 88

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 Point of Sale Front of House 78

Restaurant365

JANUARY 25, 2022

Additionally, they’re time consuming for your store employees to manage, and subject to manual data errors. By digitizing the AP workflow, your accounting team and managers spend less time at their computers, enabling them to spend more time on strategic tasks. You know that paper invoices can be lost or damaged. Vendor Price Tracking.

Front of House 147

Front of House Back of House Audits Pricing 147

Modern Restaurant Management

JANUARY 8, 2024

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. Consider, for instance, a scenario in which your Point of Sale (POS) system can forecast the popularity of a new dish based on historical customer behaviour.

2024 212

2024 Loyalty Program Cash Management Customer Experience 212

Restaurant365

MARCH 30, 2022

But on a Monday morning when you arrive early to the back office to a pile of invoices waiting to be processed and last night’s food inventory spreadsheet is still sitting on the clipboard waiting to be entered, you might wonder why you signed up for this. This is not the part of your job that you are passionate about.

Inventory 78

Inventory Audits Point of Sale Information 78

Restaurant365

AUGUST 12, 2021

How do you get your store-level managers and other leadership to use the convert data into actionable insights? In a data-driven restaurant culture, all stakeholders – store-level managers to C-level ops and finance – leverage the same data for decision making. Add in all of the invoices, orders, and inventory you are tracking.

Leadership 78

Leadership Inventory Hiring Point of Sale 78

Restaurant365

JULY 14, 2021

Start by auditing your food waste. While food waste reduction is extremely beneficial in the long-term, it requires some additional work to properly store, monitor, and use inventory ingredients. Waste logs help you and your managers spot patterns in food waste, so you can take concrete actions to fix it.

Waste 78

Waste Compost Food Inventory 78

Touch Bistro

MAY 10, 2021

In this article, we’ll cover everything you need to know to kick restaurant food waste to the curb, including: Different types of restaurant food waste 16 restaurant waste management tips The benefits of reducing food waste in your restaurant. Here are 16 restaurant waste management strategies to employ in your venue.

Waste 59

Waste Food Compost Tip Distribution 59

Restaurant365

AUGUST 19, 2020

There are some general areas to focus on when starting to audit your human resources information systems (HRIS) and payroll systems. Teaching your policies, training your managers, and educating your employees about your code of conduct can help you respond quickly and transparently to any complaints that arise. Filings and Paperwork.

Restaurant Law 131

Restaurant Law Recruiting Employee Relations Food Safety 131

Restaurant365

SEPTEMBER 22, 2020

This covers the IT infrastructure that stores, processes, or transmits payment information, from a server POS terminal to your restaurant accounting software. Your point-of-sale (POS) system processes and stores enormous amounts of sensitive information. Use an Anti-virus Program on Your POS Systems. Use a Firewall.

POS 78

POS Point of Sale 2006 Technology 78

Restaurant365

DECEMBER 17, 2020

Accuracy in these numbers is key to remaining compliant in case of an audit. The IRS has always done audits for organizations on employment tax issues, which included reviewing Form W-9 and 1099 compliance. As a result, Form 1099 audits are becoming more common. State-level interest in increased audits stems from a couple areas.

Audits 78

Audits Document 2020 Delivery 78

The Restaurant Times

JUNE 3, 2020

With a cash flow forecast, you can gain insights about how to manage your cash flow better. If there are any discrepancies between the numbers, you can then easily analyze and audit the areas where maximum expenditure has happened. . One way to reduce food costs and waste is by tracking and monitoring the inventory on a regular basis.

Cash Management 88

Cash Management Point of Sale Front of House Equipment 88

Restaurant365

JULY 17, 2020

Managing intercompany transactions can be labor intensive and costly. However, policies pertaining to intercompany reporting and management are much easier to enforce across the entire organization. Use a Central Data Management Center for Bookkeeping and Accounting Data. Executing intercompany accounting best practices.

Point of Sale 78

Point of Sale Consumer Goods POS Front of House 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

Apicbase

MAY 12, 2023

You will also understand that the challenge for restaurant managers and HQ is enormous. A single restaurant is already difficult to manage, let alone having dozens of locations in your portfolio. These experiences have given me great insight into how high-performing restaurant leaders manage operations. Top performers know that.

Operations 52

Operations Back of House Sustainability Front of House 52

Restaurant365

AUGUST 21, 2020

There are some general areas to focus on when starting to audit your human resources information systems (HRIS) and payroll systems. Teaching your policies, training your managers, and educating your employees about your code of conduct can help you respond quickly and transparently to any complaints that arise. Filings and Paperwork.

Blog 78

Blog Restaurant Law Recruiting Employee Relations 78

Ordyx

DECEMBER 19, 2019

Investigate Bar Inventory Variance Variance (i.e., shrinkage) is any foreseen or unforeseen loss of inventory which results in lost revenue. Protect Your Bar Inventory Loss of inventory because of rejected drinks can be avoided with better sanitation standards. Here are four easy ways to do it: 1. ​ II.

Bar 52

Bar Operations 2020 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

Modern Restaurant Management

NOVEMBER 16, 2021

Going digital – increasingly a top choice among restaurant management. Cloud-based restaurant management software solutions enable food service operators to access everything from personnel to payments to back-of-house operations and incorporate loyalty programs from any channel the customer uses in real-time.

Customer Experience 199

Customer Experience Operations Loyalty Program Front of House 199

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

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

The Restaurant Times

AUGUST 21, 2020

Restaurant Managers should keep a check on the kitchen equipment and surrounding areas regularly. There are high chances of inventory contamination if the raw materials and other food items are stored improperly. One way to prevent food contamination is by keeping a constant check on the inventory. Keep The Storage Area Clean.

Kitchen Safety 52

Kitchen Safety Food Safety Food Supply Equipment 52