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. Too much inventory. Unexpected expenses.

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Cash Management Seasonal Menu Inventory Email Marketing 97

Rocket Fuel

MARCH 26, 2025

Without a clear system for managing and tracking these workflows, it’s hard to hold anyone accountable. You need a solution that pulls it all together, spots the risks, and helps your managers make smarter, faster decisions. Discover how Detect can protect your margins Book a demo! Thats where PAR OPS Detect comes in.

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2025 Cash Management Coaching Demo 52

Restaurant365

JUNE 9, 2020

By generating a budget for your controllable costs , you can create a clearer path for your cash to move. Assessing this movement by ensuring that the budget is maintained and that invoices are entered daily will help you better manage your cash flow each month. Manage your cash flow. One of these costs is labor.

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Cash Management Management Management Small Business 97

Focus POS

JUNE 17, 2019

It’s a system that takes the place of a traditional cash register and provides much more than basic transaction functionality. Restaurant point of sale software empowers businesses to control labor costs, manage inventory, and have deeper visibility into business operations. POS for Restaurant Franchise Management.

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Point of Sale Cash Management POS Franchise 113

Restaurant365

FEBRUARY 8, 2022

In this two-part blog post series, you’ll learn the importance of forecasting in restaurants and how to accurately implement restaurant demand forecasting. It provides your managers with the data they need to help run the business. It also helps prevent overstaffing to prevent cash flow bleeding.

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2022 Cash Management Point of Sale Inventory 78

Restaurant365

APRIL 23, 2020

Your P&L is extremely valuable to manage your operations, budget, and future business growth. Before modern restaurant management technology, P&Ls required labor-intensive data tracking and analysis. Managing your balance sheet. Assets also include cash on hand. Cash flow statement. Liabilities.

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Management Cash Management Management Point of Sale 78

Restaurant365

NOVEMBER 26, 2019

Restaurant management software can streamline restaurant operations, helping you become more efficient and profitable. However, not all restaurant management systems are created equal — and the tools you have access to can play a large role in your success. Cloud-based management. User-friendly order management.

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2020 Management Management Mobile Ordering 117

Restaurant365

JUNE 2, 2020

You can’t run a restaurant without employees, which means that processing payroll is an essential task for restaurant owners, operators, and managers. When you have restaurants in multiple states and cities, the difficulties of managing your payroll are multiplied. What percentage of sales should payroll be?

Tip Distribution 109

Tip Distribution Restaurant Law Front of House Cash Management 109

Bingage

OCTOBER 5, 2019

If all things and planning goes right, opening and managing a restaurant can be very fruitful, Here I am sharing a complete guide on how to make a new restaurant successful. Promotion of a new restaurant is one of the important tasks of the restaurant manager. CRM software can help you with the management and segregation of customers.

Loyalty Program 74

Loyalty Program Social Media Cash Management Seminar 74

Hot Schedules

NOVEMBER 12, 2020

Top Five Supply Chain Management Tips. . As business levels continue to fluctuate since early Spring, it is important to keep stock levels to a minimum to preserve cash and minimize waste. To find out how to cut costs, not corners, to effectively manage your supply chain check out our procurement and inventory guide.

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Supplies Management Management Allergens 78

Restaurant365

JULY 29, 2020

Though forecasting your restaurant’s sales is vital to determining your cash flow, if you’re not forecasting your sales by their individual revenue centers – dine in, take out, delivery, curbside, catering, etc. – cash, credit card, contactless). Ask for a free demo today. Forecasting by revenue center.

Online Ordering 88

Online Ordering Cash Management Seasonal Menu Inventory 88

Restaurant365

APRIL 15, 2021

This blog post was originally published on September 10, 2019 and updated on April 15, 2021. This data indicates the state of your restaurant’s financial health, and it can even help you and your managers understand where you can start improving profitability. A P&L is a management tool for your business. Prime Cost.

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Point of Sale Cash Management Beverage Insurance 78

Restaurant365

AUGUST 4, 2020

Running a successful restaurant business is all about spending your cash wisely. Integrating inventory management with accounting facilitates better inventory control. When you think of your restaurant finances, you don’t always equate it with inventory management. What is restaurant inventory management?

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Inventory Management Management Cash Management 78

Restaurant365

JULY 29, 2020

Though forecasting your restaurant’s sales is vital to determining your cash flow, if you’re not forecasting your sales by their individual revenue centers – dine in, take out, delivery, curbside, catering, etc. – cash, credit card, contactless). Ask for a free demo today. Forecasting by revenue center.

Online Ordering 78

Online Ordering Cash Management Seasonal Menu Inventory 78

Restaurant365

JULY 29, 2021

Ultimately, managing your vendor relationships is an area of risk management. Understanding all the details you can about your current cash, loan, and grant status are essential as you look to make large-scale financing decisions. Schedule a free demo of Restaurant365 today. Ensure access to capital.

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Cash Management Point of Sale 2021 Inventory 78

Restaurant365

MARCH 11, 2021

So when it comes to your back office solution, maximizing performance is highly dependent on simplifying your restaurant management software as much as possible. With multiple management platforms that aren’t connected, you’ve added more overly complex pieces to your business. Recipe Management.

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Management Management Inventory Cash Management 17

Restaurant365

MAY 25, 2022

Kiosks that only accept electronic payments remove the time and costs associated with handling cash. Our back-office management solutions cover accounting , payroll , scheduling , inventory , manager logbook , and more to give you the insights and intelligence to identify what’s working and what’s not.

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Technology Mobile Ordering Social Media Online Ordering 78

Restaurant365

JUNE 9, 2021

In this blog post, Part 1 of 2, we will dive into the metrics you should be examining with your FOH’s profitability. If possible, with your table management system, also break this data down into turn time by server so you can evaluate how your team is interacting with tables. For more information, schedule a free demo.

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FOH BOH Front of House Back of House 78

Restaurant365

OCTOBER 30, 2020

As a restaurant owner or manager, sometimes you may need to jump in to help keep business running smoothly. However, the day-to-day tasks can distract from the bigger-picture work that is essential for your long-term business health: restaurant operations management. What is restaurant operations management?

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Operations Management Management Front of House 78

Restaurant365

MARCH 10, 2022

With food costs running at approximately 30% or higher, learning importance of inventory management and how to prevent common mistakes is critical in successfully driving down costs and maximizing profits. Use a budget system to ensure you are proactively managing your spending. Manage inventory levels. Mistake #2. Mistake #3.

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Inventory Management Management Merchandise 78

Restaurant365

DECEMBER 20, 2021

Sharing information between teams shouldn’t require time-consuming communication to ensure accurate reporting, cost management, and forecasts. For instance, reviewing your CoGS report daily allows managers to adjust purchasing and usage on a more frequent basis. Conclusion.

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Operations Leadership Point of Sale Cash Management 78

Restaurant365

APRIL 29, 2022

With so many Americans looking to celebrate, now is a good time to plan out a strategy for your restaurant to cash in on the party. Schedule a free demo of Restaurant365 today. The National Today data science team surveyed 1,000 Americans about their Cinco de Mayo plans and these are the top seven ways they will be celebrating in 2022.

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Bar Menu Inventory Cash Management 78

Restaurant365

JUNE 17, 2020

Known as intraday polling, this technology enables restaurant managers to make hourly Labor decisions based on the amount of current sales each day to reach optimal labor performance. Scheduling software can also help save time for your in-house management team, freeing managers up to complete more valuable tasks.

Tip Distribution 78

Tip Distribution Point of Sale Employee Relations Restaurant Law 78

Restaurant365

MARCH 15, 2022

According to the National Restaurant Association, the average cost of restaurant turnover in 2021 was $1,869 per hourly employee, $8,119 per manager and $14,689 per general manager. Train your managers to hire the right employees. Managers must be able to identify applicants who are good cultural fit. Four-day workweek.

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Hiring Cash Management Insurance Communication 78

Restaurant365

OCTOBER 22, 2021

Even if you use restaurant management software to automatically pull much of this restaurant data, understanding the calculations behind your operational restaurant reporting can help you place these numbers in context. An accurate CoGS relies on up-to-date numbers from your inventory management system. Conclusion.

Point of Sale 78

Point of Sale Insurance Inventory Cash Management 78

Restaurant365

SEPTEMBER 3, 2021

Restaurant owners, operators, and managers are constantly faced with decisions about accounting, operations, inventory, customer service, and staffing. To keep up in a fast-paced industry, restaurants might consider adding a new role, commonly called “profitability strategist,” to the management team.

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Waste Cash Management Point of Sale Front of House 78

Restaurant365

OCTOBER 14, 2020

Balancing cash flow month to month, let alone year to year, can be difficult for the ever-changing restaurant industry. As a restaurant owner or manager, you can use a budget to understand your income and expenses, and at what levels you will profit, break even, or operate at a loss. And yet, in times of uncertainty, like the COVID-19.

Point of Sale 78

Point of Sale Email Marketing Advertising Cash Management 78

Restaurant365

OCTOBER 4, 2019

However, as cloud-based POS systems and cloud-powered restaurant management platforms become the industry standard, are you also thinking about “what is POS integration?” Integrated point of sales systems data goes beyond the cash drawer summary level offered by simple POS reports. ” How does POS integration work?

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POS Point of Sale Cash Management Information 60

Restaurant365

SEPTEMBER 30, 2019

Digitizing the AP workflow gets your management and accounting team away from the computer to do more strategic tasks. With automated invoice management and AP, managers have more time to focus on customer service and daily operations. For more information, schedule a free demo today. Conclusion.

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Audits Cash Management Mobile Ordering Point of Sale 60

MadMobile

JUNE 8, 2023

How will you manage your menu? What kind of reports do you need to manage your restaurant? In this blog, we will dive into the best features to look for when considering which POS system to invest in for your small business. With the right POS system, you can manage orders and communication with customers with ease.

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Small Business POS Point of Sale Online Ordering 52

Restaurant365

OCTOBER 8, 2021

Your ghost kitchen may be able to function as a centralized commissary or production hub, streamlining labor costs or even inventory management. In addition, with this AR account functionality, you can reconcile the expected revenue for your third-party delivery channels at the end of each week, which may help benefit your cash flow planning.

Front of House 78

Front of House Back of House Website Management Delivery 78

Bingage

OCTOBER 5, 2019

If all things and planning goes right, opening and managing a restaurant can be very fruitful, Here I am sharing a complete guide on how to make a new restaurant successful. Promotion of a new restaurant is one of the important tasks of the restaurant manager. CRM software can help you with the management and segregation of customers.

Loyalty Program 40

Loyalty Program Social Media Cash Management Seminar 40

Black Box Intelligence

NOVEMBER 1, 2021

Sign up for a demo of Black Box Financial Intelligence. . Sign up for a demo of Black Box Financial Intelligence to compare your performance to your competition. Click here to sign up for a demo. . Span of Control for Multi-Unit Managers Increased in Full-Service Restaurants . restaurants. restaurants.

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Fast Casual Fine Dining Guest Recovery Point of Sale 98