article thumbnail

2025 Restaurant Payment Trends and Predictions

Modern Restaurant Management

Increased Frequency of Fee and Rate Auditing Many restaurants and QSRs have had massive increases in order ahead and digital ordering over the last few years. As more establishments embrace digital payment methods and shift toward card-not-present transactions, it's crucial to closely monitor merchant fees and conduct regular audits.

2025 447
article thumbnail

No Tax on Tips? What Restaurant Operators Need to Know Now

Modern Restaurant Management

Audits around tipped income are already common and this kind of policy change will only make them more so. Operators still using spreadsheets, clipboards, or disconnected POS systems are particularly vulnerable. If you’re not confident in your current setup, do a quick audit now. If anything, the scrutiny will increase.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Protecting Your Patrons and Profits: The Importance of MFA in Restaurant Operations

Modern Restaurant Management

unclear user permissions, irregular password auditing) Reliance on default settings (e.g., stealing and selling passwords out of revenge or monetary gain) Whether through public-facing web apps or POS systems, restaurant owners without a clear cybersecurity strategy risk leaking private customer data and causing reputational damage.

article thumbnail

Seven Ways to Lower Restaurant Labor Cost

Modern Restaurant Management

Number Three : Audit your time keeping. Number Four : Audit sales every half-hour in your POS system. If you don't have a POS system, go get one. But POS systems have a half-hour or hour-by-hour sales report. They’re not working, and they are milking the time clock. I like half-hour.

Audits 520
article thumbnail

Bridging the Gap: Integrating Legal and Insurance Considerations into Restaurant Cybersecurity Response

Modern Restaurant Management

Third-Party Vendor Risks for Restaurant Operators Modern restaurants rely on a complex network of third-party vendors – from POS systems and reservation platforms to delivery services and payment processors. This committee can ensure that legal compliance and insurance requirements are built into everyday operations.

Insurance 282
article thumbnail

How Optimizing Your Payment Processing Strategy Can Mitigate Financial Challenges Facing Restaurateurs

Modern Restaurant Management

By choosing the best payment provider, negotiating the best rates and pricing structure, and auditing your monthly merchant statements, businesses can increase their profitability and improve their financial health for long-term success. This should be a crucial element in deciding your business’s POS.

Audits 402
article thumbnail

How to Automate Payroll with POS Systems

Lavu

Using a POS system simplifies payroll by automating time tracking, tip management, and wage calculations, while integrating with accounting tools like QuickBooks ensures compliance and accuracy. Key Benefits of POS Payroll Automation: Time Tracking : Automatically logs hours, breaks, and overtime.

POS 78