Restaurant365

AUGUST 4, 2020

Running a successful restaurant business is all about spending your cash wisely. When that inventory is wasted, stolen or spoiled before it’s sold, it must be written off as an expense in the books. Integrating inventory management with accounting facilitates better inventory control. What is restaurant inventory management?

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Inventory Management Management Cash Management 78

Focus POS

JUNE 17, 2019

What is restaurant point of sale (POS) software? 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.

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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

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. Waste can still happen with BWL products, even though they don’t go bad the same way perishable products do. Take sushi vs beer.

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Inventory Point of Sale Waste Fine Dining 82

Focus POS

MAY 28, 2020

Delivery management: Many customers are opting for delivery over curbside pickup and drive-thru. Mis -managed delivery functions can turn into a huge cost center. Delivery management software streamlines your delivery processes and ensures that your delivery service is profitable during even the most uncertain of times. .

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Online Ordering Inventory Cash Management Download 129

Restaurant365

FEBRUARY 6, 2020

Step 1: Record Sales Through Your POS Daily. Your sales data can be used to help you automate parts of your inventory management system , updating inventory counts as food and drink items are sold. Most modern Point of Sale (POS) systems can now automate tracking daily sales and provide you with a daily sales report.

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Point of Sale Inventory POS Cash Management 138

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

Lavu

DECEMBER 6, 2019

Particularly when it comes to restaurant management which requires knowledge of both front of house and back of house needs. What is a POS? POS stands for point of sale. Restaurants normally utilize a POS framework to finish a business exchange. Restaurants normally utilize a POS framework to finish a business exchange.

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Kitchen Safety Social Media Point of Sale Front of House 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 Inventory 78

Restaurant365

FEBRUARY 19, 2020

Whether these accounting professionals do financial consultations, manage payroll, or help you create advanced business projections, they should have a familiarity with the special operational challenges restaurants face. The most important integration is between your restaurant accounting system and your Point of Sale (POS) system.

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Point of Sale Cash Management Inventory Consumer Goods 120

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.

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Point of Sale Email Marketing Cash Management Advertising 78

Clover - Restaurants

MAY 3, 2024

City and state health departments monitor local restaurants to ensure they’re following food safety management program guidelines. Additionally, in order for restaurant leaders to operate as a certified safe food handler , such as managers and chefs, they must pass assessments related to food safety and risks like foodborne illnesses.

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Kitchen Safety Food Safety Food Food Supply 52

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.

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Hiring Cash Management Insurance Communication 78

Modern Restaurant Management

APRIL 14, 2020

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. The National Restaurant Association-managed site also provides a direct connection to the industry’s grassroots engagement platform.

Online Ordering 212

Online Ordering Back of House Customer Service Small Business 212

MBB Hospitality

NOVEMBER 13, 2018

Check out these restaurant consulting tips for the DIY restaurant owner or manager: The customer is always right. Keep eye on cash flow. Always keep a close eye on your cash flow so you don’t find yourself buried under debt and unable to dig out. Find the right POS system. Don’t worry though, help is on the way.

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Management Management Social Media Cash Management 40

Notch

JANUARY 23, 2019

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. So when you’re trying to manage your profits and losses, what you’re really doing is: weighing your risks, developing contingency plans—and mitigating the factors you can’t account for, by focusing on the ones you can.

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Email Marketing Merchandise Website Management Point of Sale 72

Notch

JANUARY 23, 2019

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. So when you’re trying to manage your profits and losses, what you’re really doing is: weighing your risks, developing contingency plans—and mitigating the factors you can’t account for, by focusing on the ones you can.

Email Marketing 52

Email Marketing Merchandise Website Management Point of Sale 52

Apicbase

JUNE 16, 2023

In practice, however, successfully managing a group of busy restaurants is an awfully tough undertaking. The metrics and calculations in this list will help you bring order to the chaos and manage the performance of each unit in the chain. In theory, it sounds easy. Why Are Metrics Important?

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Point of Sale Inventory Waste Employee Relations 52

Focus POS

AUGUST 26, 2020

It’s more crucial now than ever to manage pour costs effectively. . Make sure your POS tracks your inventory in real time, so that you can stay informed of discrepancies within your inventory counts. . It will take time and effort, but with the right inventory management system in place, it is significantly easier.

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Management Management Bar Inventory 128

Xtra Chef

AUGUST 12, 2020

Food cost management is particularly important during a recession or economic downturn , as many restaurant owners are finding right now. But managing restaurant food costs can be challenging. Managing restaurant food costs doesn’t have to be complicated. Manage Restaurant Inventory with an Iron Fist. The good news?

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Food Inventory Waste Food Order 120

Modern Restaurant Management

APRIL 2, 2020

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. Checklist app automates daily food safety and operational task management as well as regular maintenance and audit procedures. ” The BOHA!

Healthcare 206

Healthcare Employee Relations Online Ordering Customer Service 206

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. This may include your rent, waste removal, or the telephone bill.

Point of Sale 78

Point of Sale Cash Management Beverage Insurance 78

Focus POS

JUNE 27, 2019

Restaurant management is a complex task requiring a delicate balance of managerial skills and software. We’ve put together a guide you can use to help you choose the best technology for your restaurant and how it can help you run a more profitable business: General Restaurant Management. » Set quality standards. Watch inventory.

Management 121

Management Management Franchise Franchising 121

Rocket Fuel

MARCH 2, 2022

In most restaurants, a few key team members typically handle accounts payable management, and there are several processes involved, including: Receiving supplier invoices. Operators can easily do this through simple communication with their management team, and the use of data analytics within their present practices. Keep reading! .

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Cash Management Operations Consumer Goods Inventory 98

Restaurant365

MAY 7, 2020

General managers and restaurant owner/operators should create checklists for crew and managers to use during their shifts. Managing Food Pick Up and Delivery. Install sneeze guards at cash registers. Ask customers to place cash on the counter rather than directly into the employee’s hand.

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Food Safety Cash Management Point of Sale Social Media 142

Restaurant365

MARCH 30, 2020

Without payment processing capabilities, you will need to process transactions over the phone, which can be a costly security risk, or through cash, which is now a health risk [more on this in the accounting section below]. With most consumers using cards, a mobile app that can process transactions when your staff delivers is ideal.

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Delivery Operations Insurance Cash Management 78

Modern Restaurant Management

OCTOBER 31, 2019

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features interesting and insightful trends from Upserve, order for pickup guest experience study results, the Fraud Aftershock Index and the importance of foot traffic. Reputation Management Revolution. National Menu Trends. Uberall, Inc.

2019 138

2019 Mobile Ordering Online Ordering Customer Experience 138

Notch

FEBRUARY 14, 2019

You get a coupon and say, “wow, I’m going to save some cash and remember to use it later,” right? Specials can even help your restaurant save money that otherwise would have been wasted. Chris Arnett Integrated Marketing Manager ChefHero. The science behind discounts and restaurant promotions Promotions make sense, right?

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Specials Loyalty Program Seasonal Menu Point of Sale 75

Notch

FEBRUARY 14, 2019

You get a coupon and say, “wow, I’m going to save some cash and remember to use it later,” right? Specials can even help your restaurant save money that otherwise would have been wasted. Chris Arnett Integrated Marketing Manager ChefHero. The science behind discounts and restaurant promotions Promotions make sense, right?

Specials 52

Specials Loyalty Program Seasonal Menu Point of Sale 52

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. Powerful restaurant accounting abilities.

Management 17

Management Management Inventory Cash Management 17

Hot Schedules

APRIL 20, 2019

Five Ways to Reduce Waste. The Impact of Food Waste. US Restaurants generate between 22 and 33 billion pounds of food waste every year. All that waste adds up. The EPA estimates that food waste is the single largest category in any given landfill. First, all the resources required to produce it are wasted.

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Waste White Paper Cash Management Inventory 60