Lavu

JUNE 26, 2025

Operating Expenses: This is everything else that you need to run your restaurant on a day to day basis, like marketing expenses, dishware, and supplies (napkins, silverware, etc.). The cycle starts with the buying of a meal by a customer, with the transaction being recorded by the POS system.

2025

Paper Chase Accountancy

JULY 25, 2025

Point-of-Sale (POS) Integration: Seamless integration with POS systems is critical for capturing sales data, managing inventory in real-time, and ensuring accurate revenue reporting. Operating Expenses Utilities, marketing, supplies, rent, insurance. Payroll Wage calculation, tax withholding, benefits administration.

Hospitality

Paper Chase Accountancy

MAY 30, 2025

IRS Audits: Inaccurate or incomplete records can trigger costly and time-consuming IRS audits, leading to significant penalties and fines. Vendor Disputes: Without proper documentation of invoices and payments, disputes with suppliers can escalate, damaging relationships and potentially disrupting supply chains.

Bar

Paper Chase Accountancy

MAY 21, 2025

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. Knowledge of Industry-Specific Tools: Are they proficient with common hospitality POS systems (e.g., Opera, Cloudbeds)?

Hospitality

Paper Chase Accountancy

JULY 3, 2025

Expense Tracking : From food supplies to utility bills, every cost must be tracked. Services : Ensure they offer comprehensive services, from tax planning to audit representation. Payroll Management : Staff wages, overtime, bonuses, and taxes are calculated and processed. Regular reviews ensure compliance with labor laws.

Hotels

SpotOn

JULY 15, 2025

Step 5: Treat every trial shift like an audition When you get a shot to tend bar, be ready to hustle. ' Treat every stage like an audition because that’s exactly what it is.  Step 6: Keep leveling up once you're in Honing your craft as a bartender includes mastering the bar POS, handhelds, and more You did it!

Front of House

7 Shifts

NOVEMBER 3, 2021

This means access to things like: Unauthorized access to POS data. The most important ones for restaurateurs and operators to be aware of are: POS Data. As the tech heart of most restaurants, the POS is the most important thing to lock down to ensure that your restaurant cybersecurity is airtight. More on this below!).

POS

7 Shifts

AUGUST 18, 2024

Table of Contents The Costs of Opening and Running a Restaurant The Difference Between Fixed and Variable Cost Understand And Calculate Your Prime Cost Understand And Control The 5 Major Restaurant Costs Restaurant Labor Costs Restaurant Food Costs Restaurant Utility Costs Restaurant Kitchen Equipment Costs Restaurant POS System Costs Ready?

License

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. Many industries, such as rideshare services, gas stations, event tickets and more, utilize dynamic pricing due to supply and demand.

2024

7 Shifts

SEPTEMBER 6, 2024

The prices of ingredients can fluctuate due to several factors, including seasonality, supply chain disruptions, and changes in demand. Phil Gadd, owner of The Loaf Bakery, said their company saved on labor costs by 4% when they used 7shifts with their POS system. At the end of the month, your remaining inventory was valued at $2,000.

2024

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

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

Apicbase

JUNE 11, 2024

Inefficiencies in a restaurant’s supply chain can increase costs, disrupt operations, and drive customers to competitors. Effective restaurant supply chain management is crucial to overcoming these challenges and ensuring a seamless operation. Better synchronisation between supply and demand. Book a Demo 2.

Supplies

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. How do POS Systems Reduce Food Waste in Your Restaurant? A POS system is not just about taking orders; it’s a powerful tool for efficient inventory management.

Waste

Harbor Touch

MARCH 18, 2025

With a POS system like SkyTab and solid accounting software, you can track it all without losing your mind. A restaurant POS system like SkyTab, though, has no upfront cost, just $29 per month. For his SkyTab POS, he deducts the $29 monthly fee as an ongoing expense. Credit card tips pull from your POS system.

Point of Sale

Harbor Touch

MARCH 18, 2025

With a POS system like SkyTab and solid accounting software, you can track it all without losing your mind. A restaurant POS system like SkyTab, though, has no upfront cost, just $29 per month. For his SkyTab POS, he deducts the $29 monthly fee as an ongoing expense. Credit card tips pull from your POS system.

Point of Sale

Restaurant365

APRIL 14, 2020

During these uncertain times, the supply chain is experiencing disruptions, particularly in specialty items. Schedule consistent restaurant food inventory audits in advance. Finally, by simplifying your ingredients, you will also make keeping an updated and accurate inventory that much easier for your limited staff.

Inventory

MBB Hospitality

AUGUST 5, 2024

By integrating with point-of-sale (POS) systems, these services update inventory counts automatically after every transaction. Regular audits provide valuable insights into stock levels and help maintain accurate financial records, supporting effective business management strategies.

Inventory

Sling

MAY 9, 2023

On the digital side of things, RO security may involve installing firewalls and password protection on POS stations and other computers to prevent unauthorized individuals from gaining access to proprietary data. You may need to upgrade your POS system to speed up the customer payment process. wine, spirits, caviar, etc.)

Operations

Apicbase

MAY 8, 2024

Apicbase: MarketMan’s Top Competitor MarketMan has many competitors, including accounting and cost management systems, POS systems with inventory management features, and dedicated inventory and recipe management platforms. In case of an audit, the necessary documents are ready for inspection. MarketMan works great out of the box.

Inventory

Apicbase

FEBRUARY 8, 2024

It covers everything from managing the team and overseeing how meals are prepared and served, to making sure the place meets health and safety rules, keeping an eye on the money and supplies, and thinking of ways to make the experience better for customers and help the business grow.

Definition

Apicbase

FEBRUARY 8, 2024

Traceability Management Keeping an eye on the entire supply chain ensures the traceability of ingredients from source to plate for quality control and compliance. The system enhances control, facilitating regular audits, error detection, and process improvements.

Definition

Open for Business

SEPTEMBER 2, 2024

Don’t forget about your point-of-sale system (POS). Many modern POS solutions offer detailed restaurant analytics on sales per employee, average ticket sizes, and other productivity metrics. Keep a close eye on all of your expenses, from cleaning supplies to garnishes. It will help you gain insights into staff performance.

Point of Sale

Apicbase

AUGUST 29, 2024

By integrating POS systems with inventory and accounting software, managers can streamline financial processes, ensure accurate budgeting, and enhance overall cost efficiency. This approach reduces food waste, prevents overstocking, and ensures consistent supply levels.

Beverage

Apicbase

APRIL 5, 2024

By integrating software and hardware like POS systems and kitchen printers with back-of-house systems like accounting and inventory management software, restaurants can achieve greater efficiency, accuracy, and scalability. These enable supply chain tracing down to individual ingredients by scanning their unique lot numbers.

Back of House

The Restaurant Times

AUGUST 21, 2020

Make sure that you have a sufficient stock of cleaning supplies and keep a regular check on meeting the hygiene standards in your restaurant. Also, keep in mind to equip the restroom area properly with sanitary supplies. Inventory checks can also be done manually by conducting regular audits and placing the raw materials correctly.

Kitchen Safety

Xtra Chef

DECEMBER 11, 2019

For example, if your restaurant’s Point-of-Sale (POS) software costs $12,000 a year to support and the provider bills you annually in January, you don’t want to reflect that entire expense in January. COGS or cost of goods sold, refers to the amount a restaurant spends on supplies and food ingredients to produce the menu items they sell.

Cash Management

BNG Point of Sale

SEPTEMBER 2, 2021

Restaurateurs that are serious about increasing their profit margin for food must undertake a thorough audit of their whole supply chain. BNG Point-of-Sale are POS solutions that improve your bottom line. The following are ways you can increase your profit margin for food: . Spend Less Money On Food .

Food Truck

Notch

APRIL 11, 2019

This can be anything from conflicts with guests to lack of supplies needed to complete their work. The instructions in the handbook should be integrated with the systems you’re using in the restaurant such as mobile auditing software and POS systems. Technology (kitchen systems, POS systems, training technology, etc.)

Document

Ordyx

DECEMBER 19, 2019

Investing in sanitary bar supplies is a great way to protect your product and reduce variance costs. Overly-complex menus often result in corner-cutting techniques or sloppy ringing at the POS terminal. Author: This article was created for the use of Ordyx POS by Crew Bottle Co.®​ ​ 3. . ®​

Bar

SpotOn

FEBRUARY 26, 2024

For in-store sales, you’ll want to ensure your staff knows how to use your retail POS system. Check your POS reports. Audit the process Again, stay on top of what’s happening, in this case, in your actual retail recruitment process. So, you need to keep abreast of developments that affect your staffing needs.

Recruiting

Notch

JANUARY 23, 2019

Spend Less Money on Food Restaurateurs who are serious about increasing their profits must conduct a complete supply-chain audit. Modern Point of Sales (POS) solutions go way beyond billing. You’ve got a million priorities, but this is one of the most important ones.

Email Marketing

Notch

APRIL 11, 2019

This can be anything from conflicts with guests to lack of supplies needed to complete their work. The instructions in the handbook should be integrated with the systems you’re using in the restaurant such as mobile auditing software and POS systems. Technology (kitchen systems, POS systems, training technology, etc.)

Document

Apicbase

JANUARY 28, 2025

After Brexit, lockdowns, supply chain disruptions, the energy crisis, and soaring inflation, this Budget feels like it has arrived at the worst possible time. Utility audits are another effective tactic. Annually : Supplier contracts, utilities audits, automation usage. A Different Narrative: Is There a Silver Lining?

2024

Notch

JANUARY 23, 2019

Spend Less Money on Food Restaurateurs who are serious about increasing their profits must conduct a complete supply-chain audit. Modern Point of Sales (POS) solutions go way beyond billing. You’ve got a million priorities, but this is one of the most important ones.

Email Marketing

Modern Restaurant Management

JUNE 19, 2020

” Features include: Ingredient Price Tracker — Monitor item price fluctuations to audit and avoid vendor discrepancies. Ensuring clean through rigorous, on-demand training, auditing and compliance verification. Document Management & Search — Easily store, search, and access invoices from anywhere. Ecolab Inc.

Food Safety

Modern Restaurant Management

SEPTEMBER 14, 2021

Stepping out of operations, he became a Point of Sale (POS) Technician in 1984, and three years later was promoted to POS Manager, where he managed the IT team for Michigan, Ohio, Pennsylvania, and Northern Indiana. In 1996, Paul joined King Venture (now known as TSFR) as Information Systems Manager.

Food