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Restaurant Budgeting: How to Create A Restaurant Budget

7 Shifts

This includes: Net Sales: The total revenue derived from your sale of food and beverages. However, as a rule, the primary costs you can expect in running your restaurant are usually related to food, labor, and rent. You can easily retrieve this data from your POS system.

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Restaurant Bookkeeping: Comprehensive Guide to Master Bookkeeping

7 Shifts

For instance, you can record your food and beverage sales separately. On a similar note, when searching for a modern cloud-based POS system to keep track of your sales, look for one that can be integrated into other restaurant software. Some of the best POS systems you can try include Toast, TouchBistro, and Square.

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2023 Reflections: The Year That Was in Restaurants, Part Three

Modern Restaurant Management

BrewLogix sees consumers of craft beverages moving from a “consumption creates the experience” mindset to an “experience creates consumption” mindset. Craft beverage consumers have evolved. They look for experiences that include craft beverages rather than viewing consumption as the end game.

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Restaurants Under Attack from Cybercriminals: How to Protect Your Business

Modern Restaurant Management

One study found that in 2016, the food and beverage industry accounted for ten percent of all data breaches. First, they typically store significant customer and employee data, including names, addresses, and credit card information. For example, POS systems have proven to be particularly vulnerable.

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15 Restaurant Metrics to Know and How To Use Them

7 Shifts

Numbers can give us insights into everything from profits and losses to average customer spend to how often employees cycle through. Employee turnover rate. Labor cost includes all labor-related categories: Employees, both hourly wages and salaries. Total sales , from your POS. But what should be measured, and how?

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Why Restaurant Inventory Management is an Accounting Function

Restaurant365

There are four fundamental categories for expenses: Cost of Goods Sold (CoGS), also known as food cost (cost of all food and beverage ingredients). Labor costs (employee wages, payroll taxes, employee benefits, etc.). Labor costs (employee wages, payroll taxes, employee benefits, etc.).

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Essentials of Payroll Accounting for Restaurant Groups, Part 1

Restaurant365

From hiring and onboarding to running employee payments and paying taxes, payroll touches on many different parts of a restaurant business. You receive time in your Point of Sale (POS) system. Thus, your labor costs are spread out between your scheduling, POS, and payroll software. Tracking time occurs in many different systems.