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. By pulling sales from your point of sale (POS) system, as well as labor reports, you can quickly calculate your labor cost as a percentage of sales.

Management 148

Management Management Point of Sale Employee Relations 148

Mad Mobile

JANUARY 30, 2024

In this blog, we will share the advantages of using a tableside ordering system that can elevate your establishment from good to delicious. Mobile POS : Handheld POS devices can be carried anywhere in a restaurant, which reduces the need for servers to make constant trips to and from anchored central POS stations.

Ordering 40

Ordering Mobile Ordering Customer Service Customer Experience 40

Cheetah

MAY 1, 2020

Also, check with your POS company to see if they host a no-cost or low-cost ordering feature. Make sure you and your employees are protected by car, general liability or workers compensation insurance. Consult your insurance provider to learn about the policy that’s right for you. Keep your tech up to date.

Delivery 109

Delivery Food Mobile Ordering Insurance 109

Restaurant365

SEPTEMBER 23, 2021

with automated invoice coding and entry, and direct feeds of POS data. Occupancy expenses: the fixed costs of your restaurant’s location, such as rent, property insurance, and property taxes. Record Daily Sales Through Your POS. Automated POS data ensures an accurate general ledger. seafood, chicken, beer, wine, etc.)

Cash Management 147

Cash Management Point of Sale POS Inventory 147

Goliath Consulting

SEPTEMBER 6, 2022

This is evidently why more iPad restaurant POS systems and AI-inspired technology are being utilized in many restaurants. As most Gen-Z are aging out of their parent’s insurance policies, it’s best to highlight those benefits if your business offers them. Last year, 58% of Gen-Z reported burnout. Focus on diversity.

Hiring 78

Hiring Communication Training Email Marketing 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. To get accurate expenses and revenue numbers, pull restaurant data from your POS and restaurant accounting software.

Point of Sale 78

Point of Sale Insurance Inventory Cash Management 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

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. How a ghost kitchen works. Another con is the cost of delivery.

Front of House 147

Front of House Online Ordering Kitchen Safety Customer Service 147

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. The most important integration is between your restaurant accounting system and your Point of Sale (POS) system.

Point of Sale 120

Point of Sale Cash Management Inventory Consumer Goods 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. These recurring costs can be broken down further by category. Rent and Building Fees.

Point of Sale 120

Point of Sale License Insurance Employee Relations 120

Restaurant365

AUGUST 19, 2020

Since payroll processing can draw from multiple systems, such as point of sale (POS), accounting, and scheduling, integrations between all of your restaurant management systems are key to meeting your reporting challenges. for employers with 50 or more full-time employees and self-insured employers of any size. Reporting is required.

Restaurant Law 131

Restaurant Law Recruiting Employee Relations Food Safety 131

Restaurant365

APRIL 19, 2022

Your total restaurant labor cost includes all expenses related to labor, from salaries and hourly wages to payroll taxes, bonuses, overtime, worker’s compensation, and benefits such as health insurance. With information from your POS system, you can track time for staff alongside sales reports. What is a good labor cost percentage?

Point of Sale 78

Point of Sale FOH Front of House Back of House 78

Restaurant365

MARCH 18, 2020

Your break-even point calculation relies on accurate accounting of your expenses and information from your POS system about guest check averages. Common fixed costs include: Rent, insurance, and property tax. The amount of revenue needed depends on the sum of your total fixed and variable expenses over a certain period of time.

Point of Sale 158

Point of Sale Delivery License Inventory 158

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. To get an up-to-date net profit number, you need to pull sales and accounting data from your point of sale (POS) system and your restaurant accounting software.

Point of Sale 78

Point of Sale Food Truck Inventory Loyalty Program 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. Operating expenses also include fixed costs like your rent, utilities, or insurance. Calculate Net Income.

Point of Sale 78

Point of Sale Email Marketing Cash Management Advertising 78

Restaurant365

JUNE 17, 2020

Employee insurance. This would require aggregating sales data from your POS on an hourly basis, or even better, every 15 minutes. Restaurant owners and operators looking to reduce payroll costs can take advantage of these tips and new technology tools: Use a POS System that Integrates with Your Restaurant Management Software.

Tip Distribution 78

Tip Distribution Point of Sale Employee Relations Restaurant Law 78

Restaurant365

MARCH 15, 2022

If you can’t afford a full health insurance package, consider benefits that are popular among many restaurant employees, such as: Same-day pay. Building relationships with your staff is a crucial part of comprehensive approach to employee retention It’s the number one insurance toward retention. Try releasing benefits one at a time.

Hiring 78

Hiring Cash Management Insurance Communication 78

Restaurant365

OCTOBER 23, 2019

Labor costs include the total wages your employees have earned during that specific period of time, payroll taxes, benefits, and insurance. Labor: Employee Wages + Taxes + Benefits + Insurance = Total Labor Cost ($6,000). The other part of the prime cost equation covers the line items that make up your labor costs.

Point of Sale 74

Point of Sale Inventory Employee Relations Insurance 74

7 Shifts

MAY 11, 2020

Restart any utilities like power, water, heat that you may have temporarily shut off during quarantine Get in touch with pest control Restart phone & internet Contact your insurance provider Restart your rent (if payments were deferred) Equipment: ?? In our blog on ways to pivot your business model , we suggest: Offering meal kits ??

BOH 368

BOH FOH Food Safety Equipment 368

Sling

JUNE 4, 2023

To find total income, print off a yearly sales report from your POS software. Learn why prime cost percentage matters for your restaurant in this article from the Sling blog: Prime Cost: Why It Matters For Your Restaurant And How To Calculate It. one month). one month). That means that you’re spending $26.47

Inventory 78

Inventory Article Blog Food Supply 78

7 Shifts

MARCH 16, 2022

Unfortunately, just 31% of restaurants offer health insurance — which was a huge reason for the employee exodus restaurants saw throughout the pandemic. Regardless of which suggestions from this blog post you choose to use in your restaurant, it's imperative that you measure the results of your efforts to see if they work.

Front of House 370

Front of House Back of House Communication Customer Service 370

Restaurant365

APRIL 15, 2021

This blog post was originally published on September 10, 2019 and updated on April 15, 2021. If you have an integrated Point of Sale (POS) system, compiling data can be done automatically. In addition to the hourly labor costs, you should also include payroll taxes, workers compensation, and employee benefits like health insurance.

Point of Sale 78

Point of Sale Cash Management Beverage Insurance 78

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

AUGUST 19, 2021

Occupancy expenses (fixed costs such as rent, property taxes, and property insurance). If your restaurant accounting solution offers accounting integration with your inventory system and your POS, you can automate tasks like a completed stock count becoming an inventory journal entry. Schedule a free demo of Restaurant365 today.

Inventory 147

Inventory Management Management Employee Relations 147

Clover - Restaurants

MARCH 26, 2024

General liability insurance is also a typical requirement of a commercial kitchen. And, with a Clover POS , you’ll have the power and flexibility you need to run your business, manage customer orders, and more–wherever, whenever you need. Your state website will likely offer more information.

Food Truck 52

Food Truck Cash Management Website Management Small Business 52

Restaurant365

MAY 14, 2021

Occupancy expenses are the fixed costs of your physical location, such as rent, property taxes, and property insurance. Revenue , otherwise known as sales, is calculated by pulling from your sales data in your Point of Sales (POS) system. Prime Cost. The basic formula looks like this: Revenue – Expenses = Profits.

Management 78

Management Management Point of Sale Inventory 78

Apicbase

JUNE 16, 2023

This blog provides an organised overview of the key metrics multi-site restaurant brands should track. You can collect this data through various channels, including point-of-sale (POS) systems, accounting software, customer feedback surveys, and social media reviews. It’s money that went straight to his bottom line.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

Restaurant365

FEBRUARY 25, 2020

Overhead costs include your directly controllable expenses, like supplies, repairs, and marketing, as well as your non-controllable fixed operating expenses, such as rent, utilities, salaries, and insurance. Increasing your Restaurant Profit Margin.

Loyalty Program 183

Loyalty Program Fast Casual Point of Sale Online Ordering 183