The Restaurant Group

FEBRUARY 23, 2025

With a solid Restaurant Inventory Management system, your kitchen runs like a well-tuned engine, keeping operations smooth and your customers happy. What Is Restaurant Inventory Management? Improved cash flow by purchasing only what’s necessary. Key Components of Restaurant Inventory Management 1.

Inventory

Modern Restaurant Management

JANUARY 31, 2025

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news of dramatic Valentine's Day shift, best food scenes, and the evolution of c-store foodservice. ” A Year of Challenges U.S.

Marketing

Paper Chase Accountancy

JULY 25, 2025

We’ll explore the specialized functions, the day-to-day realities of managing finances, and critically, how modern solutions like outsourced bookkeeping and cloud-based tools empower these businesses to not just survive, but thrive and stay profitable in a highly competitive market. Discover best practices and common pitfalls to avoid.

Hospitality

Lavu

JUNE 6, 2025

This guide breaks down 28 proven strategies that help cut unnecessary expenses, streamline operations, and boost profitability—whether you manage a small café or a multi-location chain. 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

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

Paper Chase Accountancy

JUNE 16, 2025

These ratios provide valuable insights into operational efficiency, cost management, and overall profitability. Core Profitability Ratios for Restaurant Owners In the realm of restaurant management, understanding core profitability ratios is crucial. 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. Core Profitability Ratios for Restaurant Owners In the realm of restaurant management, understanding core profitability ratios is crucial. Implement effective inventory management. Let’s explore this further.

Hotels

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

Paper Chase Accountancy

AUGUST 5, 2025

They’re often caught in the culinary chaos, leaving little time for critical financial management. Core financial services, such as effective bookkeeping and strategic financial management, are essential for success in the hospitality industry. Balancing books and burgers can be a baffling business for restaurant owners.

Cash Management

Paper Chase Accountancy

JUNE 23, 2025

Key Takeaways Evaluate potential accountants for their expertise in restaurant-specific financial management and industry regulations. Understanding the Role of a Restaurant Accountant in London Understanding the role of a restaurant accountant in London is crucial for successful financial management of your establishment.

Cash Management

Paper Chase Accountancy

MAY 21, 2025

They require specialized support that understands the intricacies of fluctuating revenues, high labor costs, and complex inventory management. This volatility makes accurate forecasting and consistent cash flow management incredibly challenging.

Hospitality

Paper Chase Accountancy

MAY 30, 2025

This fundamental discipline, when expertly managed, ensures the financial health of restaurants and hotels, enabling them to thrive even in challenging market conditions. This specialized area of accounting involves managing the financial transactions and obligations of hospitality businesses, such as NYC restaurants and hotels.

Hotels

Paper Chase Accountancy

MAY 20, 2025

Key Takeaways Restaurant bookkeeping requires specialized tools and systems, including management software, POS systems, and a well-structured chart of accounts. From there, creating a chart of accounts tailored to the restaurant industry and establishing daily, weekly, and monthly bookkeeping tasks will streamline your financial management.

Cash Management

Paper Chase Accountancy

JUNE 15, 2025

Specialized hospitality accounting solutions provide efficient, industry-specific financial management. Using hospitality accounting services and hotel accounting services can significantly reduce errors and inefficiencies in financial management. Learn more about our Accounting Services !

Operations

Perfect Daily Grind

JUNE 6, 2025

Under an exclusive agreement, Kaapi Solutions, a leading provider of premium coffee equipment in India, will be the sole distributor and importer of Rocket Espresso’s Sotto Banco and Doppia machines. warehouse in Riverside, Missouri, featuring hundreds of bags of specialty green coffee, a cupping lab, and roasting equipment.

2025

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

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. While Dutch Bros was seen as offering the best value by its customers, sentiment around value declined for all three brands–6.3

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

Lavu

JUNE 13, 2025

A great bartender or bar manager is born with a natural affinity for connecting with people and flair. Secondly, they will need training in customer service skills and creating drinks and alcoholic beverages. Learn how to handle cash and be comfortable with cash. This is a key aspect of being a great bartender.

Training

Paper Chase Accountancy

JULY 15, 2025

Yet, behind this vibrant scene, there’s a complex world of financial management that’s often overlooked. Amid managing suppliers, staff, and daily operations, does a restaurant owner really have the time or expertise to effectively handle the financial side of the business?

Cash Management

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

Paper Chase Accountancy

JUNE 5, 2025

It’s a complex arena, where revenue management, cost control, and financial reporting intermingle with unique business elements such as seasonality, customer service, and the unpredictability of guest behavior. Comparing and selecting appropriate accounting solutions can greatly impact business efficiency in the hospitality sector.

Hospitality

Paper Chase Accountancy

AUGUST 11, 2025

Hospitality accountants play a crucial role in financial management, strategic planning, and regulatory compliance to enhance performance and reduce costs. Accounting for restaurants and bars involves unique challenges like tracking daily sales, cash flow management, and food cost control.

Hospitality

Paper Chase Accountancy

AUGUST 5, 2025

Just as a master chef stirs the perfect blend of spices into a dish, so too must restaurant owners in Los Angeles blend their passion for food with a keen understanding of financial management. Key Takeaways Los Angeles bookkeeping services specialize in managing restaurant finances, aiding in audit readiness and cash flow management.

Hospitality

Culinary Cues

MARCH 26, 2022

Well, you have all heard the statistics about success and failure when food and beverage are involved, so I won’t repeat them. Every business requires controls in pricing, consistency, quality, and cash handling. Social media is very inexpensive, but someone needs to effectively manage it every day and every way. Service is off.”

Cash Management

Modern Restaurant Management

JULY 19, 2022

Traditionally, this has meant that the manager comes out and apologizes to the guest, then offers a discount or a comped meal. The digital era has had a huge impact on the food and beverage space. Consumers adjusted; between 2019 and 2020, online ordering for food/beverage rose by a record 93 percent. So, what changed?

Online Ordering

Culinary Cues

MAY 13, 2023

Each of those “departments” will require some level of unique kitchen management (sous chef) and specialists to support the uniqueness of function. As long as the checkbook has a credit balance they are in good shape (until predictable sales slump and cash flow turns the corner).

Hotels

Modern Restaurant Management

SEPTEMBER 14, 2022

AI can assist restaurants in optimizing how they manage and operate menus to increase margins. But they have tons of cash to burn on such gimmicks, right? Inventory Management: Integrating inventory with your point of sale (POS) systems is an essential AI capability that every restaurant needs. Role of AI in Back of House.

Front of House

Modern Restaurant Management

MAY 21, 2020

For their safety and convenience, enable delivery and payment services that allow customers to pay without cash, as well as choose when and how their order should be delivered. Minimize the risk of contact between the customer and the cashier by installing a protective screen at cash registers. Offer Disposable Menus.

Social Media

Modern Restaurant Management

MAY 5, 2021

In this edition of MRM Research Roundup, we have news on understanding customer loyalty, beverage insights, restaurant supply loyalty, the influence of discounts, the state of payments and the evolution of gift cards. " Beverage Insights. So, what could a better designed and delivered beverage program mean for the channel?

2021

Goliath Consulting

JUNE 30, 2020

According to Restolabs, a restaurant management software that offers online ordering systems, continued social distancing measures are expected to bring about an upward trend of automation for customers (3). A growing demand for hands-free, no-touch equipment will result from the COVID-19 pandemic (7). Employee Health.

Kitchen Safety

7 Shifts

AUGUST 18, 2024

But the challenges don’t stop there—once open you have to focus on improving processes, managing labor schedules, and controlling restaurant costs. Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. Let’s get started.

License

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. This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits.

2024

7 Shifts

FEBRUARY 12, 2021

You have the advantage of a built-out kitchen with equipment, bars and dining rooms, technology, parking lots, and more. They could also be trying to get out of a bad situation—be it management, building, or market related. Have there been any major equipment repairs in the last six months to a year?

License

7 Shifts

MAY 25, 2020

each surface that comes into contact with food, and any supplies or equipment that’s used through the day. If you’re using a task management app like 7tasks , ensure that each task is assigned to a specific person to enforce accountability—and have your managers check the task list progress throughout the shift.

FOH

Modern Restaurant Management

MARCH 16, 2020

Due to the Covid-19 outbreak effect on the restaurant industry, Modern Restaurant Management (MRM) magazine is compiling a list of resources available for restaurant owners, operators and managers. To be added to this guide, reach out to Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Sign up here.

Food Safety

Modern Restaurant Management

MARCH 13, 2020

As the Coronavirus crisis continues, Modern Restaurant Management (MRM) magazine asked industry insiders what best practices restaurants should have in place for social distancing, as per CDC guidelines. Make it clear to the servers to limit the number of times they are touching cash and credit cards. "Social

Front of House