Restaurant365

AUGUST 4, 2020

Running a successful restaurant business is all about spending your cash wisely. You invest a large amount of your budget in inventory. When that inventory is wasted, stolen or spoiled before it’s sold, it must be written off as an expense in the books. What is restaurant inventory management?

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Inventory Management Management Cash Management 78

ChefMod

MAY 13, 2024

AP automation solutions specifically designed for hospitality help restaurant owners optimize their purchasing process, recipe management, inventory, analytics, GL mapping, and visibility into expenses across all suppliers. What is Accounts Payable Automation? How Does AP Automation Enhance Financial Operations?

Cash Management 40

Cash Management Inventory Audits Management 40

Restaurant365

NOVEMBER 18, 2021

This two-part blog series presents an overall guide to the essentials of payroll accounting for restaurant groups. Your restaurant orders, receives, and counts food all in one system: your inventory management software. You order time in your scheduling system. Tracking time occurs in many different systems.

Employee Relations 148

Employee Relations Cash Management Point of Sale Front of House 148

Focus POS

DECEMBER 8, 2021

During a “normal” year, restaurant owners and operators face issues such as cash flow and capital, inventory management, hiring and training and providing excellent customer service. As far as restaurant challenges go, inventory mistakes can be some of the costliest.

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Mobile Ordering Point of Sale Cash Management Food Supply 148

Restaurant365

FEBRUARY 8, 2022

Forecasting implications affect inventory and labor spending, so you must forecast to accurately predict what your labor cost is going to be and what your restaurant inventories are going to look like. It provides your managers with the data they need to help run the business. Store-level manager accountability.

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2022 Cash Management Point of Sale Inventory 78

Focus POS

JUNE 17, 2021

With a bar software system, you can quickly scan someone’s driver’s license and verify their age right where they order. You want your customers to hang around and enjoy themselves, to continue ordering more drinks, but if there’s too long of a line, chances are they won’t stick around. Cash drawer shortages. Promotion Success.

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Bar Cash Management POS Point of Sale 148

Restaurant365

SEPTEMBER 23, 2021

Whether you’re a bookkeeper, accountant, restaurant owner, or store-level manager, understanding the basics of accounting can pay dividends for your business. Healthy accounting procedures for restaurants can help you manage food and labor costs, understand your profits and losses, and make strategic decisions about expenses and investments.

Cash Management 147

Cash Management Point of Sale POS Inventory 147

Restaurant365

DECEMBER 11, 2020

As 2021 begins, there are many restaurant management best practices that can be applied to strengthen your business, in the short and long term. Manage cash flow by creating a cash flow forecast. Your total cash flow is your cash inflows (for restaurant. over a certain period of time.

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2021 Cash Management Management Management 136

Culinary Cues

MAY 15, 2021

Four-page menus do not reflect business common sense – inventories become unmanageable, waste is much more difficult to manage, the level of expertise required of employees grows exponentially, consistency and quality are challenging, and profit is hard to predict and realize. www.harvestamericacues.com BLOG. CAFÉ Talks Podcast.

Customer Experience 392

Customer Experience Cash Management Customer Service Front of House 392

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.

Cash Management 97

Cash Management Seasonal Menu Inventory Email Marketing 97

7 Shifts

APRIL 3, 2020

That is what we are going to answer in this blog—providing you with steps you can take right now to reduce your costs and boost your revenue to keep your restaurant profitable during COVID-19. Download all the data from your restaurant POS or back-office management platform to get a sense of how your restaurant is operating today.

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BOH POS Influencer Point of Sale 368

Focus POS

MAY 28, 2020

Rotate shifts in order to minimize employee exposure to one another. Consider halving your staff into A day shifts and B day shifts in order to reduce the number of coworkers they each come into contact with when they come into work. . In order to operate effectively and profitably , you need to have these technologies in place: .

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Online Ordering Inventory Cash Management Download 129

Hot Schedules

MAY 25, 2021

Software Engineering Manager. Software Engineering Manager. We are currently building a scrum team in Sofia that is going to work alongside the existing engineering teams in order to further develop and enhance the solution. I am Fourth. Stories of the teams and individuals that make Fourth such a unique place to work for.

Cash Management 148

Cash Management Customer Service Customer Experience Sports 148

Hot Schedules

JANUARY 8, 2020

Find out how you can defeat the Rogue Spender and hang on to your cash. They take the form of wasted time, effort and cash, and cause havoc and frustration for your employees and guests alike. Where there are savings to be had, the Rogue Spender rolls in to keep you from hanging on to your hard-earned cash. SAVE THE DAY!

Cash Management 78

Cash Management Allergens Employee Relations Download 78

Hot Schedules

MARCH 27, 2020

In this fearful and uncertain time, there is a variety of ways that patrons can support the people at the heart of the restaurant industry — buying gift cards from your favorite restaurants, ordering take-out or delivery, donating to GoFundMe campaigns. Managing Inventory in the Days of COVID-19. R estaurants across the U.S.

Employee Relations 148

Employee Relations Cash Management Beverage Restaurant Law 148

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.

Cash Management 97

Cash Management Management Management Small Business 97

Izettle

FEBRUARY 25, 2021

But behind the acronyms lie incredible solutions to help you manage your business and increase your sales. If you’re looking for a safe, all-in-one system that supports all payment types, and helps you manage your business – you’ll want to know what an EPOS system is. Are you still using a cash till? That’s an EPOS!

Cash Management 52

Cash Management Point of Sale POS Mobile Ordering 52

Harbor Touch

NOVEMBER 21, 2022

This blog post will give you some valuable tips on how to open a bar that will keep people coming back for more. There may be special licenses or permits you will need in order to open your bar. It is important to research what type of licenses you need in order to serve alcohol in your bar. Do your research.

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Bar License Restaurant Law POS 78

Modern Restaurant Management

MAY 21, 2020

With less inventory and even fewer customers coming in, we recommend that you widen your margins and revamp your offerings. You can save up on ingredients by discontinuing the more niche dishes that rarely get ordered. Minimize the risk of contact between the customer and the cashier by installing a protective screen at cash registers.

Social Media 216

Social Media Food Safety Cash Management Kitchen Safety 216

Izettle

FEBRUARY 25, 2021

But behind the acronyms lie incredible solutions to help you manage your business and increase your sales. If you’re looking for a safe, all-in-one system that supports all payment types, and helps you manage your business – you’ll want to know what an EPOS system is. Are you still using a cash till? That’s an EPOS!

Cash Management 52

Cash Management Point of Sale POS Customer Service 52

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. – Forecast Your Inventory Needs. Track Average Order Value per Customer. cash, credit card, contactless).

Cash Management 88

Cash Management Online Ordering Seasonal Menu Inventory 88

Restaurant365

JULY 29, 2021

Use of automation and self-service for both in-store ordering and drive-thrus. Strong vendor relationships can help you ensure continuity in product, better pricing, and high-quality standards for inventory. Ultimately, managing your vendor relationships is an area of risk management. Ensure access to capital.

Cash Management 78

Cash Management Point of Sale Inventory 2021 78

Hot Schedules

NOVEMBER 12, 2020

Top Five Supply Chain Management Tips. . If a smaller local supplier is guaranteed business, they are likely to provide better pricing and prioritize your order. 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.

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Supplies Management Management Allergens 78

Margin Edge

FEBRUARY 24, 2022

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. As a refresher, COGS = beginning inventory + purchased inventory – ending inventory. What Are COGS & Why They Matter.

Inventory 82

Inventory Point of Sale Waste Fine Dining 82

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. – Forecast Your Inventory Needs. Track Average Order Value per Customer. cash, credit card, contactless).

Cash Management 78

Cash Management Online Ordering Seasonal Menu Inventory 78

Lavu

DECEMBER 6, 2019

Particularly when it comes to restaurant management which requires knowledge of both front of house and back of house needs. Cash registers are not as developed as a POS framework and lack a significant number of the capacities and highlights of a cutting edge system. . Digital inventory tracking. What is an automated scheduler?

Kitchen Safety 78

Kitchen Safety Social Media Point of Sale Front of House 78

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. It can then alert wait staff when orders are ready.

Point of Sale 113

Point of Sale Cash Management POS Franchise 113

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 Inventory 78

Restaurant365

DECEMBER 20, 2021

Sharing information between teams shouldn’t require time-consuming communication to ensure accurate reporting, cost management, and forecasts. From ordering inventory for the weekend to scheduling staff for next week, these small decisions add up over time to impact the larger numbers.

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Operations Leadership Point of Sale Cash Management 78

EATER

MAY 28, 2020

DoorDash on Thursday launched a new initiative called Storefront to help restaurants create websites and directly manage online pickup and delivery orders. DoorDash’s goal is to help businesses create their own online stores instead; 40 percent of DoorDash’s partners don’t have any online ordering system, by the company’s estimate.

Website Management 89

Website Management Online Ordering Cash Management Customer Service 89

Restaurant Engine

DECEMBER 9, 2020

The most important thing to consider is whether or not you have the resources to manage the added work. Things to think about include: Who will manage the catering operations? You also want to make sure your kitchen is large enough to handle any size of catering order. Hire a catering manager. Tips for Catering.

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Catering Website Management Seasonal Menu Food Supply 113

Goliath Consulting

OCTOBER 19, 2020

Brands like Starbucks are increasing their drive-thru prevalence to accommodate the demand for contactless orders (1). Domino’s launched their “Carside Delivery” Service nationwide this June which would allow customers to receive their online order without ever leaving their car (2). of total sales (4). .

2021 135

2021 Point of Sale Food Safety Kitchen Safety 135

Restaurant365

FEBRUARY 19, 2020

For example, restaurants tend to have a large, fast-changing inventory with a limited shelf life, which affects food cost calculations. In order to meet slim margins, restaurant accounting needs to meet high standards for accurate labor and inventory metrics. The restaurant industry has unique qualities and business structures.

Point of Sale 120

Point of Sale Cash Management Inventory Consumer Goods 120

BNG Point of Sale

JUNE 19, 2020

In this blog, we’ll take a look at different types of POS software solutions we offer and how they work with your business. Point of sale systems already bring in money, because unlike a traditional cash register, the ability to take credit cards will increase the likelihood a customer will make a purchase.

Point of Sale 75

Point of Sale Mobile Ordering Merchandise POS 75

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 Inventory 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. This part of the customer experience covers everything from online ordering to payment and getting a reservation to being waitlisted. Restaurant KPIs impacting a profitable front of house. Offer ticketed events.

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FOH BOH Front of House Back of House 78

Next Restaurants

MAY 26, 2020

With less inventory and even fewer customers coming in, we recommend that you widen your margins and revamp your offerings. You can save up on ingredients by discontinuing the more niche dishes that rarely get ordered. At this point, you don’t have the facility to rely on cash reserves to splurge on marketing.

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Webinar Social Media Food Safety Cash Management 89