Restaurant365

AUGUST 21, 2020

Reporting is required for employers with 50 or more full-time employees and self-insured employers of any size. The post Sample Blog Layout appeared first on Restaurant365. Under the ACA, employers are required to offer full-time employees compliant health coverage and also file information about this offer to the IRS.

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Blog Restaurant Law Recruiting Employee Relations 78

Restaurant365

JULY 24, 2020

The focus of this blog post is to help existing restaurants launch their own ghost kitchens. Third-party apps can take 30% of your delivery earnings and in-house delivery has its own costs, such as salaries, vehicle maintenance, gasoline and insurance. Control Inventory for Your Virtual Kitchen. How a ghost kitchen works.

Front of House 147

Front of House Online Ordering Kitchen Safety Customer Service 147

Restaurant365

MAY 26, 2020

To calculate your CoGS totaled during a given period, you can use the following formula: Beginning Inventory + Additional Purchases Made During the Period — Ending Inventory = CoGS. As you reopen your dining room, it is more important than ever to stay on top of your inventory management. Dial in your Cost of Goods Sold.

Point of Sale 148

Point of Sale Employee Relations Inventory Insurance 148

Restaurant365

NOVEMBER 30, 2021

As explored in Part 1 of this blog series, your payroll accounting systems overlap with many different parts of your restaurant business. This two-part blog series presents an overall guide to the essentials of payroll accounting for restaurant groups.

Restaurant Law 146

Restaurant Law Audits Point of Sale Insurance 146

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. Your inventory management solution measures and stores all the information you need about your food cost.

Employee Relations 148

Employee Relations Cash Management Point of Sale Front of House 148

Restaurant365

FEBRUARY 25, 2020

Your restaurant profit margin can be influenced by food and inventory trends, your geographic location, the state of the broader economy, and a wide range of other factors. Cost of goods sold (CoGS) refers to the total cost of the inventory used to create food and beverage items during a specific period of time.

Loyalty Program 183

Loyalty Program Point of Sale Fast Casual Online Ordering 183

PathSpot

JULY 1, 2025

We are delighted to announce our new collaboration between Rainbow Insurance and PathSpot Technologies. Bringing together state-of-the-art food safety innovation with highly specialized insurance solutions tailored for restaurants, cafes, and hospitality businesses. Claim Your Benefit Today!

Kitchen Safety 45

Kitchen Safety Food Safety Insurance Allergens 45

Hot Schedules

MARCH 29, 2021

Read More Health Insurance Requirements for Small and Medium Businesses Health insurance is one of the most important benefits an employer can offer, regardless of size. Where Business Meets Technology. Assen Kapitanov on His Journey as a Product Owner at Fourth.

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Technology Insurance Healthcare Employee Relations 148

Hot Schedules

MARCH 31, 2020

Impact on Unemployment Insurance. Employees who experience reduced hours, furloughs, or layoffs should be encouraged to file for unemployment insurance as soon as possible. Managing Inventory in the Days of COVID-19. Managing inventory these days can be a real challenge. COVID-19 Legislative Actions: What to Know Now.

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Website Management Employee Relations Small Business Insurance 120

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. Fixed costs such as insurance, rent, and loan payments do not fluctuate month to month. It includes tools for scheduling , inventory control , fixed asset management and more.

Point of Sale 120

Point of Sale License Insurance Employee Relations 120

Restaurant365

MARCH 18, 2020

Consider reducing your food costs by limiting the number of menu items in a way that allows you to streamline your inventory. Consider offering a takeout menu that simultaneously allows you to slim down your inventory and minimize your prime costs. Common fixed costs include: Rent, insurance, and property tax.

Point of Sale 158

Point of Sale Delivery Food Order License 158

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. What specific issues do restaurants face in accounting?

Cash Management 147

Cash Management Point of Sale POS Inventory 147

Sling

JUNE 9, 2023

Step Two : Take inventory of all the food supplies you have on hand at the start of the month and calculate a total dollar value for the entire inventory taken. This will be your Beginning Inventory. Step Three : Add the value of any Purchased Inventory you made during the period of choice. You pay $2.04 for the butter.

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Operations Food Supply Inventory Point of Sale 78

Restaurant365

MARCH 25, 2020

Before repurposing your FOH staff for delivery, check with your insurance carrier to ensure that you’re covered for off-premise activity. If you’re properly insured for delivery, you can keep your servers, bartenders and other FOH staff working during this uncertain time. Use staff for delivery. Trim menu offerings in the short term.

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Delivery Front of House FOH Mobile Ordering 107

Restaurant365

FEBRUARY 19, 2020

Non-controllable costs, like the fixed costs of rent, insurance, and salaries, are predictable expenses. Occupancy expenses: fixed costs like rent, property taxes, and insurance. For example, restaurants tend to have a large, fast-changing inventory with a limited shelf life, which affects food cost calculations.

Point of Sale 120

Point of Sale Cash Management Consumer Goods Inventory 120

The Restaurant Group

SEPTEMBER 16, 2020

Now more than ever, health insurance is essential to employees’ wellbeing. Unsurprisingly, as sales sharply declined, many establishments found themselves with sitting inventory. As always, the industry’s ingenuity shined through as many restaurants began to offer their inventory up for sale in creative ways.

Online Ordering 148

Online Ordering Delivery Point of Sale Customer Service 148

Sling

JUNE 4, 2023

Important restaurant ratios to know 1) Cost of goods sold percentage To calculate cost of goods sold (CoGS) percentage, you’ll need to first tally the value of your inventory, the value of any new inventory purchased, and the value of your ending inventory. one month). one month).

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Inventory Article Blog Food Supply 78

Restaurant365

AUGUST 25, 2020

Too much inventory. Common fixed costs include: Rent, insurance, and property tax. Keep Inventory Low. If your restaurant sales are not covering your expenses or if you have extra inventory in your walk-in or dry-storage that just isn’t moving, it may be time to update your restaurant menu. High labor to sales ratio.

Cash Management 97

Cash Management Seasonal Menu Inventory Email Marketing 97

Restaurant365

OCTOBER 15, 2021

Your restaurant labor cost includes everything your restaurant spends on labor, from salaries and hourly wages to payroll taxes, bonuses, and benefits like health insurance or vacation days. Total labor cost. Here are a few helpful labor cost terms, along with how they are related to your total labor cost.

Management 148

Management Management Point of Sale Employee Relations 148

Sling

AUGUST 1, 2024

Labor cost percentage Labor cost percentage can help you estimate how much your business spends paying employees — costs such as salaries, benefits , insurance, overtime , and payroll taxes — compared to the money it brings in. add another table or use smaller and more stools at the bar) in order to boost revenue.

Management 78

Management Management Cash Management Seating 78

Restaurant365

OCTOBER 22, 2021

Typically, your total labor cost accounts for “fully burdened labor”, which includes your hourly and salaried wages, payroll taxes, benefits like health insurance or vacation days, bonuses, overtime, and more. An accurate CoGS relies on up-to-date numbers from your inventory management system. How to calculate net profit.

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Point of Sale Insurance Inventory Cash Management 78

Restaurant365

APRIL 1, 2020

For a restaurant, your operating cash flow expenses include everything you need to be in business, such as the cost of your food and drink inventory, payroll, utilities, insurance, and rent, as well as expenses like interest on a loan or payments on equipment. Calculation example. Have a cash flow forecast.

Cash Management 128

Cash Management Management Management Point of Sale 128

Restaurant365

OCTOBER 23, 2019

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. Labor costs include the total wages your employees have earned during that specific period of time, payroll taxes, benefits, and insurance.

Point of Sale 74

Point of Sale Employee Relations Inventory Insurance 74

Restaurant365

MARCH 30, 2020

Expanding “off-premise” insurance coverage. Start with the following: Revisit your insurance policy. Your first step will be to call your insurance provider and inquire about on-premise versus off-premise coverage. Depending on your specific situation, expanding your insurance can add up very quickly.

Delivery 78

Delivery Operations Insurance Cash Management 78

Restaurant365

APRIL 15, 2021

This blog post was originally published on September 10, 2019 and updated on April 15, 2021. COGS is the total cost of the inventory you used to make the food and beverage items you sold during a specific time period. A P&L statement can provide valuable insight into the net income and bottom line for each of your store locations.

Point of Sale 78

Point of Sale Cash Management Beverage Insurance 78

The Restaurant Expert

JANUARY 24, 2019

The prime cost formula is your total cost of goods sold (to be calculated properly requires weekly or monthly inventories to calculate use because purchases divided by sales are NOT accurate), plus your total labor cost, including taxes, benefits and insurance, then divided by your gross sales (sales before discounts, not including sales tax).

Insurance 54

Insurance Point of Sale Inventory Download 54

Hot Schedules

NOVEMBER 12, 2020

Ensure you have copies of compliance certificates for all of your suppliers, such as insurance and health and safety documents to ensure you are working with a supplier that follows good working practices. To find out how to cut costs, not corners, to effectively manage your supply chain check out our procurement and inventory guide.

Supplies 78

Supplies Management Management Allergens 78

Restaurant Clicks

JANUARY 9, 2020

Apply for Permits, Licensing, and Insurance. Have a good idea of what style of food you plan to serve, what ingredients you’ll need, and how much you’ll spend on food inventory. . Factor in rental costs, equipment, food inventory, staff salaries, permit costs, marketing, and necessary start up capital, and the expenses can pile up.

License 78

License Website Management Equipment Hiring 78

Restaurant365

AUGUST 19, 2020

for employers with 50 or more full-time employees and self-insured employers of any size. Under the ACA, employers are required to offer full-time employees compliant health coverage and also file information about this offer to the IRS. Reporting is required.

Restaurant Law 131

Restaurant Law Recruiting Employee Relations Food Safety 131

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. Also, understand all the costs associated with opening a bar such as insurance, licenses, staffing costs , etc. This can be a very lucrative business venture, but it is essential to do your research first.

Bar 78

Bar License Restaurant Law POS 78

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. Also, understand all the costs associated with opening a bar such as insurance, licenses, staffing costs , etc. This can be a very lucrative business venture, but it is essential to do your research first.

Bar 78

Bar License Restaurant Law POS 78

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. Also, understand all the costs associated with opening a bar such as insurance, licenses, staffing costs , etc. This can be a very lucrative business venture, but it is essential to do your research first.

Bar 78

Bar License Restaurant Law POS 78

Restaurant365

MAY 14, 2021

As a store-level restaurant manager, you’re used to managing your inventory. You consistently track what’s going in and out of your kitchen so that you can better understand how your inventory is moving and where you can make improvements. Why you need to understand your restaurant’s P&L statement. Prime Cost.

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Management Management Point of Sale Inventory 78

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. The costs in this budget include the rent payments, the salaries, insurance, property taxes, and everything else. Business insurance .

Employee Relations 52

Employee Relations License Point of Sale Food Supply 52

Restaurant365

OCTOBER 1, 2021

Gross profit doesn’t account for other critical operating expenses, like your labor cost, as well as other elements of your overhead like rent and insurance. An integrated point of sale (POS) system, accounting software, and inventory management system allow you to understand your food costs and examine efficiencies.

Point of Sale 78

Point of Sale Food Truck POS Inventory 78

Restaurant365

OCTOBER 14, 2020

Prime cost is made up of the cost of goods sold, or CoGS (the food and beverage inventory you purchase to make the menu items you sell) and your labor costs (the staff you need to run your business). Operating expenses also include fixed costs like your rent, utilities, or insurance. Understand Prime Cost. Calculate Net Income.

Point of Sale 78

Point of Sale Email Marketing Advertising Cash Management 78

Restaurant365

APRIL 20, 2022

These are taken by media (84%), insurance (83%), IT services (81%), telecom (78%), banking (75%), and retail (63%). 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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Loyalty Program Customer Service Employee Relations Customer Experience 78