Restaurant365

AUGUST 19, 2020

Successful restaurant owners and operators don’t just provide great food. The people piece of the puzzle can be challenging for restaurants. Because of the complicated nature of human resources (HR) and the sprawling regulations surrounding payroll, HR and payroll can be a recurring headache for restaurant owners and operators.

Restaurant Law 131

Restaurant Law Recruiting Employee Relations Food Safety 131

Restaurant365

FEBRUARY 6, 2020

How to Do Bookkeeping for a Restaurant in 5 Simple Steps. Restaurant bookkeeping involves financial and accounting practices that track your business’ detailed costs and revenue. With the many moving pieces involved in a restaurant, a seamless accounting process can be difficult. Track Your Daily Sales.

Point of Sale 138

Point of Sale POS Inventory Cash Management 138

Hot Schedules

MARCH 15, 2021

It’s a particularly tall order in the restaurant and hospitality industries, where margins are already slim. In a survey of restaurant workers conducted by Restaurant Opportunities Centers United , 90 percent of respondents said their employers didn’t offer health coverage. In contrast, more than 97 percent of U.S.

Small Business 109

Small Business Insurance Employee Relations Recruiting 109

Restaurant365

APRIL 1, 2020

Tracking and understanding your restaurant’s cash flow is essential, whether business is booming, or times are tough. Here, we first review restaurant cash flow fundamentals, and then explore how your restaurant can approach cash flow in these extraordinary times. How to calculate restaurant cash flow.

Cash Management 128

Cash Management Management Management Point of Sale 128

Restaurant365

AUGUST 25, 2020

Comprehending your restaurant cash flow is essential to running your restaurant business. Cash flow refers to the amount of cash coming into your restaurant minus the amount of cash going out on a daily, weekly or monthly basis. Common factors that cause cash flow issues. Common factors that cause cash flow issues.

Cash Management 97

Cash Management Seasonal Menu Inventory Email Marketing 97

Paper Chase Accountancy

MAY 21, 2025

Hotels, restaurants, and sprawling F&B groups operate within a unique financial landscape, demanding far more than generic bookkeeping. Uncover the myriad benefits of combining robust advisory and accounting support for both restaurants and hotels. Learn more about our Accounting Services !

Hospitality 52

Hospitality Sustainability Cash Management Hotels 52

Hot Schedules

MARCH 11, 2021

T o say that the last year has been a tough time for restaurants would be a massive understatement. In fact, the Annual 2020 Yelp Economic Average report shows that 18,207 new restaurants and food businesses opened nationwide in Q4 2020, down only 4 percent from Q4 2019. The Employee Benefits Outlook Post COVID-19. Related Posts.

Employee Relations 78

Employee Relations Insurance Recruiting Hospitality 78

Restaurant365

SEPTEMBER 10, 2021

Inventory management tracks what’s going in and out of your restaurant for a specific period, and what product is in your restaurant at any given time. Inventory control is a key piece of your food cost and, ultimately, the profit margin for your restaurant location. How can you best approach restaurant inventory management?

Inventory 138

Inventory Management Management Point of Sale 138

Restaurant365

JANUARY 4, 2022

Restaurant inventory management plays a key role in overcoming rising food prices. For example, these common restaurant ingredients rose significantly in mid-December 2021 over the same period in 2020: Refined sugar – 31%. Automate manual restaurant inventory processes to help overcome rising food prices. from a year ago.

Inventory 148

Inventory Pricing Management Management 148

Restaurant365

MARCH 11, 2021

Running your restaurant requires keeping track of tons of moving pieces. So when it comes to your back office solution, maximizing performance is highly dependent on simplifying your restaurant management software as much as possible. Powerful restaurant accounting abilities.

Management 17

Management Management Inventory Cash Management 17

Restaurant365

JUNE 22, 2021

As a restaurant owner or operator, keeping your food costs low is a continual challenge. Food cost is one of the largest expenses for your restaurant, and because it is a controllable cost, you can influence how it impacts your bottom line. Train your store-level managers. Set AvT variance and other goals for managers by location.

Compost 88

Compost Food Waste Front of House 88

Restaurant365

FEBRUARY 11, 2021

2020 was a challenging year for restaurants. For your labor cost in particular, hiring and retaining quality restaurant employees has gotten more complicated. Use this employee turnover calculator to determine how much turnover is costing your restaurant business.). So how can you improve your restaurant employee retention?

Recruiting 78

Recruiting Hiring Website Management Social Media 78

Restaurant365

JANUARY 21, 2021

Your restaurant group is looking to the new year and making plans. Not only can your food cost help you better understand your restaurant group’s budget, but it can also drive your menu pricing and inventory control at all your locations. You likely already have a profit margin goal for your restaurant.

Food 78

Food Inventory Point of Sale Waste 78

Restaurant365

JUNE 4, 2021

As a restaurant owner or operator, you always have restaurant profitability on your mind. But when you think of restaurant profitability, are you thinking about both the short-term and the long-term? Understanding your profitability and working to improve it, piece by piece, is the key to long-term restaurant success.

Point of Sale 78

Point of Sale Loyalty Program Inventory Customer Service 78

Clover - Restaurants

JUNE 6, 2024

Most great restaurants need great restaurant managers. Hiring a restaurant leadership team can be overwhelming, but great people are out there to steward your business and satisfy your customers. Decide what restaurant leadership roles you need Do you need a refreshed bar program? Weekend shift supervision?

Leadership 52

Leadership Front of House Back of House Cash Management 52

Restaurant365

SEPTEMBER 17, 2019

Knowing how to manage restaurant inventory is essential for a healthy business, no matter if you have one location or several. Running a successful restaurant isn’t just selling menu items and fulfilling orders – it’s also about controlling the amount of product that you have in the restaurant, daily, weekly, and monthly.

Inventory 60

Inventory Mobile Ordering Food Supply Point of Sale 60

Restaurant365

JULY 14, 2021

Restaurant food waste is a pressing topic in the food and restaurant industry. As a food service business, your restaurant has an enormous opportunity to reduce food waste. In addition, reducing food waste can also be a great opportunity for your restaurant’s bottom line. Here are 15 practical tips.

Waste 78

Waste Compost Food Inventory 78

Restaurant365

JULY 17, 2020

Most multi-unit restaurant groups run each of their locations as a separate legal entity. The challenge for restaurant groups is that most accounting software is not set up to handle these multiple entities in a single database. Standardize Restaurant Accounting Procedures. What is intercompany accounting? Intercompany debt.

Point of Sale 78

Point of Sale Consumer Goods POS Front of House 78

Restaurant365

JANUARY 4, 2022

Restaurant inventory management plays a key role in overcoming the rising cost of food. For example, these common restaurant ingredients rose significantly in mid-December 2021 over the same period in 2020: Refined sugar – 31%. Automate manual restaurant inventory processes. from a year ago. Butter – 43%.

Inventory 15

Inventory Management Management Food 15

Restaurant365

SEPTEMBER 3, 2021

Restaurant owners, operators, and managers are constantly faced with decisions about accounting, operations, inventory, customer service, and staffing. The restaurant industry moves at a fast pace, filled with data that changes by the day. Does your restaurant group have a profitability strategist?

Waste 78

Waste Cash Management Point of Sale Front of House 78

Restaurant365

MAY 27, 2021

Restaurant restrictions are beginning to ease, which is good news for restaurant owners and operators. However, your restaurant probably isn’t yet back to “normal.” ” The restaurant industry landscape has changed over the last few years. How to calculate restaurant prime cost.

Point of Sale 78

Point of Sale Inventory Food Order Waste 78

Restaurant365

MAY 17, 2022

Tight integration between your r estaurant inventory management software , point of sale (POS) system and restaurant accounting software is essential for executing key restaurant tasks that help control your food costs. Accurate restaurant inventory management requires both automated and manual steps.

Inventory 78

Inventory Management Management Food 78

Lavu

MARCH 11, 2020

Understanding Restaurant Management Software. The restaurant industry has been evolving consistently over the years. From the introduction of point of sale (POS) systems to accounting systems, technology is changing the ways restaurants operate today. Among the technology offered today is restaurant management software. .

Management 78

Management Management Cash Management Mobile Ordering 78

Embrace the Suck

OCTOBER 28, 2021

Most likely you’ll make quite a few more while running a restaurant. The thing you want to avoid is these 19 fatal mistakes that 80% of restaurants make each year which contributes to the low survival rate that restaurants experience. Only 5 out of 100 restaurants will celebrate their 10-year anniversary.

Coaching 337

Coaching Training Social Media Take-out 337

Margin Edge

FEBRUARY 24, 2022

The cost of goods sold, or COGS, are hands down something anyone who’s run a restaurant knows about. This blog looks at COGS basics (in case you want a refresher), their financial impact, the COGS you should be aiming for depending on your type of restaurant, and how and when to monitor them. What are Ideal Restaurant COGS?

Inventory 98

Inventory Point of Sale Waste Fine Dining 98

Hot Schedules

APRIL 29, 2021

Alternatively known as Star Wars Day, this year May the Fourth will be a testament to the enduring value restaurants provide our communities. The Fourth Is With You Blog The Fourth Is With You #MayTheFourth little over a year ago, global industries came to a standstill. The Fourth Is With You. MayTheFourth. b3lineicon|b3icon-calendar|?

Employee Relations 148

Employee Relations Small Business Social Media Insurance 148

Hot Schedules

MAY 18, 2021

At Fourth, we took it a step further, dedicating the day to showing solidarity with the restaurants and servers vital to our communities. At Fourth, we took it a step further, dedicating the day to showing solidarity with the restaurants and servers vital to our communities. The Fourth Awakens. MayTheFourth.

Employee Relations 148

Employee Relations Franchising Franchise Point of Sale 148