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How Transaction Monitoring Can Help Prevent Food and Beverage Fraud

Modern Restaurant Management

As cash intensive businesses (CIB), food and beverage businesses have historically been sites of fraud. Yet, as such businesses move their sales, ordering, operations, and bookings online, the rates of fraud have only increased. Looking at online food delivery overall, the sector is projected to reach revenues of $343.80

Beverage 211
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Maximise Your Restaurant’s Efficiency with POS Integration: 7 Benefits of Combining Point of Sales with F&B Management Software

Apicbase

Although the point-of-sale system (POS) remains the technological heart of restaurants, numerous technologies run behind the scenes these days. This end-to-end solution uses data from your POS to provide insights into sales, food costs, menu engineering and inventory management. Restaurant technology has come a long way.

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Food & Beverage Strategy - Future Focused

Future Food

The Arcade Food Theatre in London. Food & Beverage Strategy - Future Focused Diversification of Food and Hospitality Destinations is the key to Success. The Developer’s viewpoint is always about the “Business”; maximising asset value by way of sales, rents and guaranteed repeat patronage.

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Restaurants Can Score Big for the Super Bowl

Modern Restaurant Management

Now is the time to get your plays in order to be a winner this Super Bowl Sunday. Play The Field : Some Super Bowl viewers prefer to watch the game in the comfort of their own homes, but that doesn’t mean you should lose out on sales. Prepare in advance by reviewing the increased projected sales and product mix (PMIX) reports.

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15 Restaurant Metrics to Know and How To Use Them

7 Shifts

Food cost percentage. Break-even point. Sales per labor hour. You can now determine what percentage this is off your overall sales to get a picture of your restaurant's financial health. Business is often a game of numbers, and restaurants are no exception. If it's not measured, it won't be managed. Prime costs.

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Our Wage Models are Broken

7 Shifts

The practice has proven to increase instances of sexual harassment , reliance on food stamps , and continues to uphold the financial instability of so many employees in our industry. This is often based on a points model, calculated using the job category and hours worked. This isn’t an easy conversation to have.

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A CPA’s Insight on Top Issues Restaurant Owners Face

Modern Restaurant Management

Keeping track of food and beverage inventory is imperative to preventing product waste and theft. Additionally, there are also a variety of sales taxes, payroll taxes, and possibly liquor taxes that owners must also take into consideration. Your own personnel shouldn’t be your only focus, however.