Lavu

JULY 18, 2025

Charging the customer for a higher priced-item then inputting the order as a lower-priced item and pocketing the extra cash at the end of the shift. It is common for this to occur in bars, café’s, or coffee shops. For example, a customer pays for a $10 drink with cash and the barista enters the order as a $5 drink.

POS

Lavu

JULY 18, 2025

Flexible Payment Methods with a Customizable POS System With the popularity of the app-driven world, payment methods are more popular and seen more commonly to include debit/credit cards, mobile payments, e-wallets, prepaid cards, gift cards, and good ol’ cash. What are the key restaurant POS features I should look for?

POS

Paper Chase Accountancy

MAY 22, 2025

From setting up a system, managing labor costs, to forecasting and financial strategy, it’s all covered here. Key Takeaways Establishing a comprehensive restaurant cost accounting system is crucial for tracking profits, managing cash flow, and ensuring financial health. But what’s the real kicker?

Cash Management

Lavu

JUNE 6, 2025

With rising ingredient prices, labor shortages, and tighter margins, operators must find strategic ways to reduce restaurant costs without compromising quality or customer experience. Discovering new ways to reduce costs in restaurant management can boost profits. Let’s dive into what really works in today’s competitive landscape.

Loyalty Program

Paper Chase Accountancy

JUNE 16, 2025

These ratios provide valuable insights into operational efficiency, cost management, and overall profitability. Specialize in accounting for restaurants and bars to accurately interpret the results from the profitability calculator. Implement effective inventory management. Let’s explore this further.

Hotels

Paper Chase Accountancy

JUNE 16, 2025

These ratios provide valuable insights into operational efficiency, cost management, and overall profitability. Specialize in accounting for restaurants and bars to accurately interpret the results from the profitability calculator. Implement effective inventory management. Let’s explore this further.

Hotels

Paper Chase Accountancy

MAY 30, 2025

Sample Bookkeeping for Restaurants and Bars: In the hospitality industry without precise record-keeping, even the most successful establishments can find themselves adrift, struggling with cash flow, compliance, and ultimately, profitability. Bookkeeping is the often-unsung hero, forming the bedrock of smart financial management.

Bar

SpotOn

OCTOBER 14, 2024

Features and pricing models change frequently, so review the POS providers' websites and connect with POS providers directly so you know exactly what to expect. Some POS system providers bundle software offerings together, which can increase POS pricing. Not all labor management tools work in sync with all restaurant POS systems.

POS

Lavu

JUNE 13, 2025

Other bars and restaurants tout the benefits of increased safety and cleanliness (more on that below). Of course, it’s essential for most businesses to accept cash payments in some situations. Additionally, cashless payments offer improved security, as there is no risk of theft or loss associated with physical cash.

2025

Lavu

JULY 11, 2025

Cloud-Based POS Systems are transforming how restaurants operate by enabling remote management, faster updates, and seamless integration with other tools. From streamlining orders to managing inventory and staff, these systems provide the tools restaurant owners need to stay competitive in 2025 and beyond.

POS

Lavu

JUNE 30, 2025

A well-designed POS system improves restaurant operations by streamlining order management, speeding up transactions, and delivering real-time insights that help optimize every aspect of the business. A modern POS system is more than just a cash register – it’s the operational hub of your restaurant. Want to know more?

POS

Lavu

AUGUST 1, 2025

Managing restaurant peak hours can feel like organized chaos—but with the right strategy, they can become your biggest profit drivers. By barring the doors, costs have been saved across the board – from labor to operations. To stimulate off-peak traffic in the middle of the afternoon, offer discounted prices on select items.

POS

Lavu

APRIL 25, 2025

The right POS setup can make it easier to take orders, manage staff, track sales, and keep customers happy. Save More with Dual PricingNo Transaction Fees One major advantage of modern POS systems is the ability to save on transaction fees through Dual Pricing. Key Features to Look For : Cloud-based systems for remote management.

POS

Lavu

AUGUST 8, 2025

Whether you run a quick-service café or a full-service restaurant, switching to an iPad POS system in 2025 can streamline everything from order-taking to inventory management. Simplified management : Automates inventory tracking and staff scheduling. The benefits extend to the bar as well. The benefits are undeniable.

POS

Modern Restaurant Management

MARCH 11, 2025

Escoffier is aiding restaurant owners and managers by preparing qualified candidates ready for engaged employment. Whether it’s speeding up order times, improving inventory management, or boosting loyalty programs, every tool should serve a purpose. Aligning tech with business goals is a must.

Loyalty Program

Lavu

JUNE 6, 2025

The right system does more than process payments—it streamlines operations, manages inventory, tracks sales, and enhances the customer experience. Should you go for a more expensive POS system with higher customization for your table management or a less expensive restaurant POS system that integrates with important software you need?

POS

Lavu

JULY 25, 2025

The craft beer industry is evolving fast, and breweries are under pressure to serve more customers, manage inventory in real time, and keep operations lean. A POS for a brewery needs to be able to handle services not normally offered by standard bar/restaurant POS systems. Categorize bar tabs by credit card or by a customer’s name.

Brewery

Squirrel Systems

JUNE 13, 2025

In the competitive world of hospitality, your point-of-sale (POS) system is more than a cash register—it’s the heartbeat of your operation. A cloud POS solution removes this burden with: Automatic software updates Lower hardware requirements Reduced reliance on in-house IT It’s scalable, cost-effective, and easier to manage long-term.

POS

Lavu

JULY 25, 2025

From food trucks to big-time breweries, a POS system is a must-have to accept credit and debit payments and offer more than just basic cash transactions. Casual restaurants, bars, and breweries may look to systems that split-checks and handle parties of various sizes, sell merchandise, and aid with employee management and scheduling.

POS

Paper Chase Accountancy

JUNE 15, 2025

Specialized hospitality accounting solutions provide efficient, industry-specific financial management. Careful selection of outsourcing partners, considering their expertise and pricing, can significantly improve restaurant operations and growth. Learn more about our Accounting Services !

Operations

Paper Chase Accountancy

MAY 26, 2025

Like a master chef expertly balancing flavors in a gourmet dish, a hospitality CFO consultant skillfully manages a company’s financial health, ensuring long-term viability and growth. Hospitality accounting, managed by a competent restaurant accountant, forms the financial backbone of these establishments.

Hospitality

Paper Chase Accountancy

JULY 9, 2025

Paperchase Senior Account Manager Ruhel Ahmed discusses the nuance of labor costs: “This metric includes employer payroll tax and management salaries. Senior Account Manager Ruhel Ahmed discusses this category: this would include your other income such as space rental, interest income, etc.

Hospitality

Paper Chase Accountancy

JUNE 12, 2025

The use of advanced technologies like AI and machine learning in financial management can unlock growth by providing real-time insights for decision-making. These hospitality finance solutions assist in tracking revenue, managing expenses, and ensuring compliance with industry regulations. Learn more about our Accounting Services !

Hotels

Paper Chase Accountancy

JULY 10, 2025

Did you know that nearly 60% of new restaurants fail within the first year, often due to poor financial management? Key Takeaways Understanding restaurant-specific accounting fundamentals is crucial for managing revenue and expenses effectively.

Cash Management

Perfect Daily Grind

JUNE 6, 2025

Editor’s note New York’s Intercontinental Exchange (ICE) recently announced that as of March 2028, arabica futures contracts will no longer be priced in US cents per pound. Instead, ICE will implement a US $/tonne (or metric ton) pricing mechanism, although a new date has not yet been confirmed for this transition. Robustas slid 3.5%

2025

Modern Restaurant Management

APRIL 29, 2025

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features trends in off-premise, coffee wars, the AI lifeline, the return of lunch, and how teens spend their dollars. The median price they would pay for a medium cup of coffee was $4. A common complaint was that drinks were not full or had too much ice.

Reservations

Modern Restaurant Management

NOVEMBER 1, 2024

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news of how restaurants are a saving grace for malls, the economic impact of Taylor Swift in town, and how influential reviews can be. Inflation (or the increased costs of goods and services) is still a top pain point for operators (15 percent).

Point of Sale

The Restaurant Group

MAY 6, 2025

Youll know if Taco Tuesdays bring in cash or kill your food cost analysis. Operations and Inventory Data Want to stop throwing cash in the trash? Thats inventory management analytics and food cost analysis at work. This leads to less waste, lower food costs, and better restaurant expense management. Less trash, more cash.

Cash Management

Perfect Daily Grind

JULY 11, 2025

Prototype locations feature flexible bar layouts, zoned seating areas, integrated digital order screens, and dedicated mobile pick-up drawers to streamline service flow and enhance the customer experience as part of the Back to Starbucks efficiency drive. to 92.4 US cents/lb, with Brazilian arabica FOB export prices down 13% to $1.78/lb

2025

Lavu

JUNE 13, 2025

Running a successful bar isn’t just about great drinks—it’s about the people who serve them. Whether you’re launching a new bar or improving an existing one, this guide shares 13 proven rules to help you build a bartending team that drives repeat business and boosts your bottom line. Treat it as such.

Training

Modern Restaurant Management

NOVEMBER 27, 2024

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news of Drinksgiving and Thanksgiving trends, FSR challenges, and "out-of-the-box" dining habits. Tech Adoption 65 percent of restaurants adopted new technology to manage labor, though 27 percent still use manual scheduling.

2025

Hot Schedules

MARCH 11, 2025

🔑 The Fix: Modern procurement platforms centralize purchasing, automate approvals, and provide real-time price comparisons—so you get what you need at the best price, without the headaches. 🔑 The Fix: Smart inventory management keeps track of every item, auto-replenishes stock at optimal levels, and reduces waste. The result?

Hotels

7 Shifts

AUGUST 18, 2024

Opening and owning a bar is one of those unique life experiences; you have no idea what it will be like until you actually go for it. In this guide, we're covering everything you need to know about owning a bar to prepare as well as you can for the big opening day. How Do I Run a Profitable Bar?

Bar

Modern Restaurant Management

MARCH 11, 2020

US Foods Holding Corp.entered into a definitive agreement to acquire Smart Foodservice Warehouse Stores from funds managed by affiliates of Apollo Global Management, Inc. NYSE: APO) (the “Apollo Funds”) for $970 million in cash. US Foods Springs into Helping Bars and Grills. reducing to approximately 3.0x

Bar

Modern Restaurant Management

DECEMBER 28, 2022

Virtually all the CapEx equipment and other items in a restaurant or bar depreciate over time and must eventually be replaced. Operating Expenses (OpEx) are the recurring monthly bills a restaurant or bar usually budgets for: electricity and water, rent, food and alcohol, etc. EaaS for Big Business. Brand protection.

Small Business

Modern Restaurant Management

FEBRUARY 4, 2022

This instability will push operators to trim costs by shortening menus and investing in labor-saving technology to free up cash for wage increases. Restaurants will also explore delivery options beyond costly third-party partnerships, and hike delivery menu prices to make the channel more lucrative as off-premise demand holds steady.

2022

Modern Restaurant Management

APRIL 14, 2020

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Save your customers a trip to grocery store, sell off inventory, increase cash flow, and attract new customers during COVID-19. Simplify Pricing. You have enough to deal with.

Healthcare