Restaurant365

NOVEMBER 18, 2021

From hiring and onboarding to running employee payments and paying taxes, payroll touches on many different parts of a restaurant business. This two-part blog series presents an overall guide to the essentials of payroll accounting for restaurant groups. You receive time in your Point of Sale (POS) system.

Employee Relations 148

Employee Relations Cash Management Point of Sale Front of House 148

Hot Schedules

JUNE 30, 2021

With near real-time updates into inventory, POS data, and guest sentiment, operators are equipped to make necessary decisions in the moment, rather than having to wait for monthly reports to arrive weeks after the fact. Related Posts. Keeping Your Hotel Operations Agile Through Data-Driven Analytics.

Hotels 148

Hotels Operations Employee Relations Retail 148

Restaurant365

MARCH 10, 2020

When you think of your restaurant finances, do you think of your inventory? Your restaurant inventory management is an oft-forgotten component of your finances, but the amount of product you have on hand represents a large part of your budget. What is Restaurant Inventory Management? Sitting Inventory.

Inventory 78

Inventory Management Management Waste 78

Hot Schedules

JULY 26, 2021

Rather than limiting inventory or reducing the customer experience, here are five ways the right retail scheduling solution empowers managers to cut costs through efficient workforce management — without burning out the staff. Only after reviewing this data can managers make informed decisions regarding employee overtime. The solution?

Retail 148

Retail Point of Sale Employee Relations Inventory 148

Hot Schedules

JANUARY 12, 2022

From time and attendance advancements tracking the employee from clock-in to punch-out to POS analytics feeding corporate monthly location performance trends, there’s no doubt innovation will give restaurant groups insights and efficiency undreamed of just a decade ago – but how do IT teams go about orchestrating a great reinvention?

Back of House 147

Back of House Employee Relations POS Government 147

Restaurant365

JANUARY 11, 2022

With POS integration, you can easily access information like total daily sales, check count and labor data. With an automated manager log, you can view your restaurant’s performance metrics, tasks, logs, accounting transactions, and scheduled employees — all in one report. Optimize employee productivity using a manager log.

Management 158

Management Management Employee Relations Communication 158

Restaurant365

OCTOBER 15, 2021

With the help of actionable data and reporting, store managers can help control labor costs, without negatively impacting the customer experience or employee retention rates. Here are a few helpful labor cost terms, along with how they are related to your total labor cost. Hourly Employees. Salaried Employees.

Management 148

Management Management Point of Sale Employee Relations 148

7 Shifts

MARCH 27, 2020

Consider things like merchandise sales, inventory sales, or private cooking lessons. Can you give dine-in related employees other tasks to do that will benefit your business and ensure that they don’t lose their income? A blog post explaining why you are closed when you expect to reopen is also a good idea.

Social Media 312

Social Media Restaurant Law Employee Relations Communication 312

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. Make sure you understand all the laws and regulations related to alcohol sales in your state. Fast and reliable POS system. A fast and reliable POS system is essential for running a successful bar. Summing Up.

Bar 78

Bar License Restaurant Law POS 78

Restaurant365

JANUARY 11, 2022

With POS integration, you can easily access information like total daily sales, check count and labor data. With an automated manager log, you can view your restaurant’s performance metrics, tasks, logs, accounting transactions, and scheduled employees — all in one report. Optimize employee productivity using a manager log.

Management 142

Management Management Employee Relations Communication 142

Restaurant365

SEPTEMBER 23, 2021

For instance, since restaurants primarily sell food and drink, inventory turns over at a very frequent rate, and sales are made up of a high number of transactions. Between inventory, sales, and other data points like labor, restaurants generate an enormous amount of data. Record Daily Sales Through Your POS.

Cash Management 147

Cash Management Point of Sale POS Inventory 147

Restaurant365

JULY 24, 2020

The focus of this blog post is to help existing restaurants launch their own ghost kitchens. Choosing between in-house delivery, third-party delivery apps or a combination requires an understanding of related costs. Many employees do not feel safe coming back to their restaurant jobs because they don’t feel safe.

Front of House 147

Front of House Online Ordering Kitchen Safety Customer Service 147

Restaurant365

JANUARY 12, 2022

Using intraday polling, you can leverage data from your integrated POS system to make informed, same-day labor adjustments. However, making smart labor decisions throughout the day with intraday polling must be preceded by creating data-driven schedules and using POS integration with your restaurant management software.

Point of Sale 78

Point of Sale POS Employee Relations Information 78

Restaurant365

DECEMBER 11, 2020

Automating this process with a restaurant-specific inventory management system can help you quickly identify vendor pricing errors. Then, tracking the usage and yield of each item on the master inventory list, you can calculate the cost of your recipes and menu items. Focus on attracting, hiring and retaining the right employees.

2021 136

2021 Cash Management Management Management 136

Restaurant365

JANUARY 5, 2021

Additionally, businesses applying for a PPP loan can also apply for Employee Retention Tax Credits (ERTC), if the credits are not applicable to wages paid with forgiven PPP loan funds. Business must have fewer than 300 employees. It will also be linked within this blog post once it is available.). Good news for restaurants.

Insurance 148

Insurance Small Business Employee Relations 2021 148

BNG Point of Sale

SEPTEMBER 2, 2021

This blog post will go over the typical restaurant overhead costs and expenses, including rent, utilities, labor wages for employees, licenses and permits, food cost percentages, and more. Operating expenses, which are not related to production, are overhead costs. What Are Overhead Costs And Expenses? . Salaries .

Employee Relations 52

Employee Relations License Point of Sale Food Supply 52

Restaurant365

JUNE 24, 2020

An advanced, restaurant-specific inventory management system can identify pricing errors. The first step to projecting a food cost target is to create a master inventory list and then price every ingredient you purchase. Advanced inventory management software can import menu items from your POS, then map them to recipes.

Point of Sale 78

Point of Sale POS Inventory Employee Relations 78

Restaurant365

OCTOBER 30, 2020

It touches everything that is critical to the restaurant running smoothly, from how you schedule your staff to properly managing your inventory. Daily issues with your inventory control can lead to food waste levels that skew your monthly margins. Manage Restaurant Food Inventory. Reduce Your Food Cost.

Operations 78

Operations Management Management Inventory 78

Bingage

DECEMBER 2, 2019

We have seen a massive change in the industry, there is a huge focus on online ordering systems, implementation of AI (Artificial intelligence) in restaurants , cloud-based CRM systems and food and inventory management techniques and many more. Related Read – 13 Simple yet Creative New year Restaurant Promotion Ideas. Source ) 2.

Social Media 96

Social Media Online Ordering Employee Relations Sourcing 96

Restaurant365

DECEMBER 2, 2019

managing employees. Most restaurants keep track of inventory, but inventory management software as part of your restaurant management system can make the process even more efficient. Manual inventory control can be streamlined with counting on a tablet or mobile device. Optimizing your labor costs.

Management 97

Management Management Point of Sale Inventory 97

Restaurant365

AUGUST 19, 2020

For food service and hospitality in particular, an essential part of the guest experience is the interaction with employees. In addition, in the age of social media, your labor practices and HR policies are under closer scrutiny than ever by both your employees and the public. Design an employee onboarding process.

Restaurant Law 131

Restaurant Law Recruiting Employee Relations Food Safety 131

Restaurant365

APRIL 19, 2022

How to manage labor cost is a challenge that all restaurant operators face daily as many restaurant businesses are forced to offer more competitive wages, benefits to hourly employees and other concessions to attract more employees from the shrinking applicant pool. Total Labor Cost. Labor Cost Percentage. Sales Per Labor hour (SPLH).

Point of Sale 78

Point of Sale FOH Front of House Back of House 78

Ordyx

JUNE 19, 2019

You must be aware that privacy laws require you to inform employees and customers that there is a camera running. Sales Tracking Like any other POS system, it should allow you to track sales easily. Sales tracking via POS make for quick and painless record-keeping, and it also allows you to generate reports on the fly.

Technology 52

Technology Point of Sale POS Employee Relations 52

Restaurant365

OCTOBER 22, 2021

For any specific period, you can calculate your total labor cost with the following formula: Employee Wages + Payroll Taxes + Benefits + Insurance = Total Labor Cost. CoGS covers all the ingredient costs related to your sales, but it doesn’t include types of one-time, non-inventory costs, such as equipment repairs or new dining room decor.

Point of Sale 78

Point of Sale Insurance Inventory Cash Management 78

Restaurant365

DECEMBER 20, 2021

For instance, by leveraging restaurant-specific software that integrates with your point of sale (POS) system, you can ensure all managers and above have access to robust data about sales, labor, and food costs. From there, operations can drill down into the variance by category or individual inventory item to find the root of the gap.

Operations 78

Operations Leadership Point of Sale Cash Management 78

Restaurant365

JULY 29, 2021

However, many CFOs are still facing uncertainty, particularly from pandemic-related complications that are still challenging operations and restaurant profitability. Strong vendor relationships can help you ensure continuity in product, better pricing, and high-quality standards for inventory. Keep close tabs on PPP and RRF spending.

Cash Management 78

Cash Management Point of Sale Inventory 2021 78

Restaurant365

DECEMBER 17, 2019

Recurring restaurant costs would include costs like lease or mortgage payments, employee salaries, food and beverage costs, utilities, insurance and permits. However, the biggest factor in controlling food costs is improving your inventory management. These recurring costs can be broken down further by category.

Point of Sale 120

Point of Sale License Insurance Employee Relations 120

Hot Schedules

MARCH 29, 2021

We asked Assen to share one piece of advice to people interested in a PO role: “My sister actually gave me a present when I got promoted to a Product Owner – a book, which I strongly recommend to both present and future POs. Related Posts. Where Business Meets Technology.

Technology 148

Technology Insurance Healthcare Recruiting 148

Hot Schedules

DECEMBER 19, 2019

It gathers data from our fully-integrated Workforce and Inventory solutions, while also pulling data from: POS. Employee feedback and pulse surveys. Related Posts. Drowning in Data? Integrated Analytics Can Be Your Lifeboat. How can you get the information you need, when you need it? Integrated analytics can help.

White Paper 78

White Paper Allergens Download Kitchen Safety 78

Restaurant365

OCTOBER 23, 2019

COGS totaled takes into account the ingredients that make up your food andbeverage sales, and related supplies (like napkins or coffee filters). It’s important to note that COGS doesn’t include one-time, non-inventory-related costs, like repairs for a broken oven, new barstools, restaurant decorations, or utility bills.

Point of Sale 74

Point of Sale Inventory Employee Relations Insurance 74

Restaurant365

MAY 27, 2021

Forecast your labor and inventory. Essentially, forecasting is calculating the inventory and labor you will need for your restaurant during certain periods. It’s especially applicable to your prime cost, because restaurant food cost and labor cost fluctuate over time in relation to sales. Optimize labor costs.

Point of Sale 78

Point of Sale Inventory Waste Food Order 78

Restaurant365

OCTOBER 14, 2020

A point of sale (POS) system fully integrated with your restaurant accounting software can help you keep track of the numbers you need, making an all-in-one system important for your budgeting. To help optimize your labor costs, consider using restaurant payroll and HR software that integrates with your POS. Understand Prime Cost.

Point of Sale 78

Point of Sale Email Marketing Cash Management Advertising 78

Restaurant365

JANUARY 4, 2022

Restaurant inventory management plays a key role in overcoming the rising cost of food. As the rising food cost trend continues, it’s time to tighten your inventory control. Automate manual restaurant inventory processes. Your team must still take manual inventory by hand to account for spoilage, improper portioning, and waste.

Inventory 15

Inventory Management Management Food 15

Restaurant365

JULY 8, 2021

Many restaurants turned to takeout and delivery to remain in business during the pandemic and because of pandemic-related restrictions. Many restaurants are also considering raising wages, enhancing benefits, addressing employee concerns, and implementing a focus on retention. Is off-premise dining here to stay? Track Your Labor Costs.

Point of Sale 78

Point of Sale FOH Fine Dining Online Ordering 78

Restaurant365

AUGUST 19, 2021

Restaurant accounting covers all areas of your business, even inventory. While you may think of your restaurant inventory as part of operations, restaurant inventory management should also be considered an accounting function. So, inventory has an important place in your restaurant accounting.

Inventory 147

Inventory Management Management Employee Relations 147

Notch

JANUARY 23, 2019

Conduct daily inventories. Here’s an example: One restaurant manager we’ve connected with occasionally removes the trash cans from his kitchen and replaces them with food scrap boxes, labeled with each employee's name. As an alternative, find ways to get fewer employees to do essential tasks that might otherwise get hired out.

Email Marketing 72

Email Marketing Merchandise Website Management Point of Sale 72

Notch

JANUARY 23, 2019

Conduct daily inventories. Here’s an example: One restaurant manager we’ve connected with occasionally removes the trash cans from his kitchen and replaces them with food scrap boxes, labeled with each employee's name. As an alternative, find ways to get fewer employees to do essential tasks that might otherwise get hired out.

Email Marketing 52

Email Marketing Merchandise Website Management Point of Sale 52