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. The people have spoken, and your restaurant franchise is a winner.

Franchise 368

Franchise Franchising Audits Point of Sale 368

Modern Restaurant Management

JUNE 26, 2024

The popularity of drive-thru continues as sales are up 30 percent since 2019. An intuitive content management system (CMS) empowers you to feature the right items and promotions at the right time of day to boost sales. At leading restaurant chains, drive-thrus can account for 70 percent of sales or more , so every second counts.

Seating 437

Seating Mobile Ordering Point of Sale Customer Experience 437

Harbor Touch

MARCH 18, 2025

Sales Tax: Stay on Top of Local Rules Every city and state has its own sales tax quirks. Pro Tip: SkyTab can track sales tax by location with its reporting tools. Ive seen audits flag too-generous pay compared to industry norms. Ive tossed meals into inventory totals and shaved taxes that way. Dont let that be you.

Point of Sale 138

Point of Sale POS Restaurant Law Equipment 138

Modern Restaurant Management

DECEMBER 16, 2021

Operators should gravitate towards technology to automate inventory and track costs and sales to determine the best course of action. We also foresee a lot of companies will redesign locations even further to maximize efficiency. Clinton Anderson, CEO, Fourth Enterprises. Anything plant based! Alec Dafferner, a partner at GP Bullhound.

2022 450

2022 Food Supply Back of House Kitchen Safety 450

Lavu

MARCH 17, 2025

The food cost formula is a key metric used in the restaurant industry to determine how much a business spends on ingredients compared to its revenue from food sales. Leverage POS Systems : Tools like Lavu POS automate inventory tracking, reduce order errors, and provide real-time insights. Whole Wheat Bun $0.30 Avocado(1/4) $1.20

Food 78

Food Waste Seasonal Menu Inventory 78

Modern Restaurant Management

JANUARY 8, 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. This trend reflects the growing popularity of drive-thru and fast-casual dining, coupled with the demand for digital technologies such as QSR digital signage and QR codes.

2024 539

2024 Loyalty Program Cash Management Customer Experience 539

Embrace the Suck

DECEMBER 25, 2019

They get a commission based on overall sales for their territory. They basically work for their sales team. What you want to ask for is margin instead of markup and you want it to be auditable. Having worked as a consultant for a large foodservice distributor for 4 years, I learned a lot about their business.

Food Truck 296

Food Truck Food Tip Distribution Audits 296

Harbor Touch

MARCH 16, 2025

and task completion times (how long to process inventory?). Pull sales reports to see if slow days are dragging down cash flow, or check inventory logs to spot overstocking issues. Ask your team too; theyll often point out clunky processes, like manual data entry, that numbers alone might miss. Feedbacks your friend here.

POS 78

POS Operations Cash Management Point of Sale 78

Restaurant365

APRIL 14, 2020

Successful restaurant operations, in any kind of economy, depend on well-managed restaurant food inventory. Much of the typical food and beverage inventory in restaurants tends to have a relatively short shelf life, making accurate inventory numbers essential to run a functioning kitchen, make economical orders, and adapt to long-term trends.

Inventory 109

Inventory Delivery Management Management 109

Paper Chase Accountancy

MAY 30, 2025

A single percentage point difference in food costs or labor can be the difference between profit and loss. IRS Audits: Inaccurate or incomplete records can trigger costly and time-consuming IRS audits, leading to significant penalties and fines.

Bar 52

Bar Cash Management Point of Sale Back of House 52

Lavu

JUNE 13, 2025

From an employer’s perspective, corporate cafeterias can be an effective tool for attracting and retaining top talent. By offering a range of healthy and diverse food options, employers can create a positive work environment that fosters employee well-being and satisfaction.

2025 78

2025 Dietary Restrictions Kitchen Safety License 78

Modern Restaurant Management

MAY 7, 2021

It also continues its rapid growth internationally by adding franchise development deals for France, Morocco, Egypt, Kuwait, and Bahrain to its international market now totaling 64 stores. In total, 165 stores are set to open. Randy’s Donuts is also in negotiations for dozens of stores throughout California and other states.

Franchise 433

Franchise Franchising Sustainability Fast Casual 433

Lavu

NOVEMBER 29, 2024

Connecting Payroll with POS Systems In restaurants, where labor costs and tip management rely heavily on sales data, linking payroll systems with POS platforms is a game-changer. For instance, Lavu ‘s POS system integrates directly with payroll features, allowing seamless data sharing for sales, labor hours, and tips.

Tip Distribution 78

Tip Distribution Restaurant Law Employee Relations Cash Management 78

Lavu

MAY 2, 2025

Steps to Implement : Input accurate allergen data, train staff, and regularly audit for compliance. Managing food allergens isnt just a best practiceits a legal and safety necessity for todays restaurants. Key Features to Look For : Allergen tagging, menu customization, real-time updates, and integration with kitchen systems.

Allergens 78

Allergens POS Management Management 78

Lavu

NOVEMBER 17, 2023

Profit margin is a key metric, especially pivotal in restaurant sales, that calculates the percentage of revenue left as profit after covering expenses. This, in turn, can significantly increase your sales and enhance profit margins, pointing towards areas of strength and potential areas for improvement.

Fast Casual 138

Fast Casual Food Truck Fine Dining Loyalty Program 138

Restaurant365

DECEMBER 10, 2021

A period with seven weekend days, as opposed to one with nine, will likely generate much different sales and expense levels. For instance, if you run payroll weekly or bi-weekly, a four-week accounting period allows you to align labor costs with sales, informing accurate, useful labor cost calculations.

Point of Sale 146

Point of Sale Back of House Front of House POS 146

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. But having too little inventory makes it difficult to meet customer demand. Part 2: Why Inventory Management Matters.

Inventory 78

Inventory Management Management Cash Management 78

Restaurant365

NOVEMBER 30, 2021

For many restaurants, the weekend provides significantly higher sales levels than a weekday. No matter what laws your restaurant group falls under, it is beneficial to prioritize recordkeeping and audit trails to demonstrate compliance with labor and pay regulations. Understanding payroll regulations.

Restaurant Law 146

Restaurant Law Audits Point of Sale Insurance 146

Paper Chase Accountancy

MAY 21, 2025

They require specialized support that understands the intricacies of fluctuating revenues, high labor costs, and complex inventory management. Point-of-Sale (POS) System Integration: Seamless integration of POS data into accounting systems is crucial for real-time sales tracking, accurate revenue recognition, and identifying trends.

Hospitality 52

Hospitality Sustainability Cash Management Hotels 52

MBB Hospitality

AUGUST 5, 2024

Effective inventory services are essential for any business aiming to streamline operations, reduce costs, and improve overall efficiency. From retail to restaurant management, the right inventory solutions can make a significant impact on profitability and customer satisfaction.

Inventory 52

Inventory Audits Franchise Franchising 52

Paper Chase Accountancy

MAY 30, 2025

Financial accounting in hospitality can reveal inefficiencies in inventory management, for example, leading to a more judicious use of resources. Just as the backbone holds up the body, so does financial accounting underpin the success of hospitality businesses. But how exactly can hospitality entities build a stronger financial backbone?

Hotels 52

Hotels Hospitality Cash Management Restaurant Law 52

Paper Chase Accountancy

MAY 20, 2025

Restaurant accountants, for instance, must navigate the challenges of fluctuating inventory, high-volume cash transactions, and regular tipping practices, which are unique to the restaurant industry. In the bustling world of gastronomy, the art of restaurant bookkeeping often takes a backseat. What’s the role of outsourced services?

Cash Management 52

Cash Management Hotels Hospitality Point of Sale 52

Paper Chase Accountancy

JUNE 12, 2025

Just like a key can unlock a door, innovative hospitality finance solutions can open up new avenues of growth for hotels and restaurants. In an industry where margins are often razor-thin, the right financial strategies can make a significant difference. So, what could the key to unlocking this growth look like?

Hotels 52

Hotels Hospitality Cash Management Customer Service 52

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. A professional forensic audit of your business.

Audits 88

Audits Point of Sale Front of House POS 88

Next Restaurants

AUGUST 20, 2024

An efficient restaurant minimizes the use of resources while maximizing profitability and sales. Analyze your sales data to identify the bestselling items and those with the highest profit margins —you can remove items that have low sales and low profit margins. Inefficiency can be costly, both in terms of money and reputation.

Website Management 78

Website Management Point of Sale Customer Service Inventory 78

Lavu

JANUARY 21, 2020

The restaurant industry is one of the most fast-paced, with endless to-do lists. While it may be exciting to own a restaurant and serve your customers, some vital tasks like doing accounts may be quite challenging. With all the factors that go into consideration, doing your accounts can be overwhelming. Saves Administrative Time and Effort.

Audits 78

Audits Back of House Front of House Point of Sale 78

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. Successful restaurant owners and operators don’t just provide great food. For food service and hospitality in particular, an essential part of the guest experience is the interaction with employees.

Restaurant Law 131

Restaurant Law Recruiting Employee Relations Food Safety 131

The Restaurant Times

JUNE 3, 2020

Once you have estimated the total fixed and variable costs and expected sales for your cloud kitchen in a year, it is recommended to calculate the break-even point, which will ultimately indicate if you’re set to make a profit. A restaurant makes a profit only when the sales exceed the expenses. .

Cash Management 88

Cash Management Point of Sale Front of House Equipment 88

Harbor Touch

MARCH 16, 2025

and task completion times (how long to process inventory?). Pull sales reports to see if slow days are dragging down cash flow, or check inventory logs to spot overstocking issues. Ask your team too; theyll often point out clunky processes, like manual data entry, that numbers alone might miss. Feedbacks your friend here.

POS 78

POS Operations Cash Management Point of Sale 78

Harbor Touch

MARCH 16, 2025

and task completion times (how long to process inventory?). Pull sales reports to see if slow days are dragging down cash flow, or check inventory logs to spot overstocking issues. Ask your team too; theyll often point out clunky processes, like manual data entry, that numbers alone might miss. Feedbacks your friend here.

POS 78

POS Operations Cash Management Point of Sale 78

Lavu

FEBRUARY 2, 2024

Proper food waste management is crucial in this regard, involving practical tips such as conducting a waste audit to identify areas where waste can be minimized. In the face of a staggering global issue, restaurants must proactively avoid food waste. billion tons of food are wasted annually across the globe.

Waste 78

Waste Food Compost Restaurant Law 78

Xtra Chef

DECEMBER 11, 2019

Restaurant accounting is certainly not the most glamorous part of running a restaurant. Yet, without proper restaurant accounting, it is impossible to control your finances and keep your restaurant in business. Restaurant accounting activities include everything from accurately recording transactions to creating detailed financial reports.

Cash Management 90

Cash Management Point of Sale Tip Distribution Inventory 90

Open for Business

SEPTEMBER 2, 2024

It’s helpful for understanding your restaurant profitability, and there are two main types you need to consider: Gross profit margin measures profit from food and beverage sales before accounting for operating expenses. Determine your profit margin: Divide your net profit by your total sales, then multiply by 100 to get a percentage.

Point of Sale 78

Point of Sale Seasonal Menu Customer Service Small Business 78

Paper Chase Accountancy

JUNE 5, 2025

Accounting for restaurants and bars often requires tracking numerous revenue streams, from food and beverage sales to event hosting. This intricate dance between numbers and people creates a fascinating landscape, one that begs for a closer look to truly appreciate the art of financial management in the hospitality industry.

Hospitality 52

Hospitality Cash Management Hotels Restaurant Law 52

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. As a restaurant operator, you are the backbone of the restaurant.

Inventory 78

Inventory Point of Sale Audits Information 78

Harbor Touch

MARCH 18, 2025

Sales Tax: Stay on Top of Local Rules Every city and state has its own sales tax quirks. Pro Tip: SkyTab can track sales tax by location with its reporting tools. Ive seen audits flag too-generous pay compared to industry norms. Ive tossed meals into inventory totals and shaved taxes that way. Dont let that be you.

Point of Sale 78

Point of Sale POS Restaurant Law Equipment 78

Harbor Touch

MARCH 18, 2025

Sales Tax: Stay on Top of Local Rules Every city and state has its own sales tax quirks. Pro Tip: SkyTab can track sales tax by location with its reporting tools. Ive seen audits flag too-generous pay compared to industry norms. Ive tossed meals into inventory totals and shaved taxes that way. Dont let that be you.

Point of Sale 78

Point of Sale POS Restaurant Law Equipment 78