Lavu

JANUARY 21, 2020

Any delay in reporting can have dire consequences on your business operations and can be extremely costly in the long haul. Although you may want to focus more on the restaurant operations side of things rather than understanding the complex nature of restaurant accounting, understanding this is equally important. Chart of Accounts.

Cash Management 78

Cash Management Point of Sale Information Beverage 78

Lavu

JANUARY 15, 2020

Regardless of the purpose, restaurant financing is vital to running a successful business and ensuring smooth cash flow. . About 20% of restaurants fail within their first year of operations, which makes banks more stringent in offering restaurant loans. Merchant Cash Advances. Types of restaurant financing.

Cash Management 78

Cash Management Equipment Small Business Front of House 78

Lavu

NOVEMBER 8, 2019

As the owner or manager of a restaurant, when you’re aiming to grow profitability, accounting is an area where you need to be comfortable. It might be considered the most dreaded part of running your business, but to be profitable and to manage the money, there’s no way it can be avoided. Unavoidable Restaurant Expenses. Commissions.

Management 85

Management Management Food Truck Cash Management 85

Apicbase

MARCH 3, 2023

These back-of-house software systems have become indispensable for modern restaurants because they enhance profitability and simplify work for restaurant managers and kitchen staff. Some technologies integrate with the restaurant’s POS, allowing data to be easily shared between front-of-house (FoH) and back-of-house (BoH) systems.

Point of Sale 52

Point of Sale POS Management Management 52

Lavu

JANUARY 21, 2020

A good accountant will help you in managing finances and producing key financial statements. With an automation tool like Sourcery , you can integrate the system into your restaurant management applications. Your restaurant POS system should seamlessly integrate both the back-of-the-house (BOH) and front-of-the-house (FOH) operations.

Point of Sale 78

Point of Sale Inventory Restaurant Law Front of House 78

The Restaurant Times

SEPTEMBER 30, 2021

Practices that were common in the restaurant business, only a few years ago are gradually being phased out in favor of more efficient and quicker methods of operating. Imagine the time and cost efficiencies you could get with a complete restaurant management system. Here is all you need to know about restaurant management software.

Management 98

Management Management Cash Management Front of House 98

Lavu

MARCH 11, 2020

Understanding Restaurant Management Software. From the introduction of point of sale (POS) systems to accounting systems, technology is changing the ways restaurants operate today. Inefficient practices are being phased out in favor of more efficient and faster methods of operating. What is restaurant management software?

Management 78

Management Management Cash Management Mobile Ordering 78

Apicbase

APRIL 20, 2022

That’s where an extensive operations manual comes in, including your processes, recipes, portion sizes, suppliers, safety and hygiene guidelines, equipment, pricing, appropriate furnishings, etc. We suggest focusing on your earnings before interest and taxes (EBIT) to estimate cash flow. 1 You’ll have to share control.

Franchise 52

Franchise Franchising Cash Management Kitchen Safety 52

Modern Restaurant Management

DECEMBER 28, 2020

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their opinions on what we can expect in 2021. Operators will need to be creative in finding ways to counter the increased restaurant costs and the waste being produced. Here are their responses. To read part two, click here.

2021 199

2021 Kitchen Safety Food Safety Mobile Ordering 199

Modern Restaurant Management

FEBRUARY 18, 2020

Modern Restaurant Management (MRM) magazine asked restaurant industry movers and shakers: "What do you feel is going to cause disruption in the restaurant industry over the next decade?” If you think Uber Eats and Grubhub have already had a big impact on the way restaurants operate, just wait.

Mobile Ordering 215

Mobile Ordering Front of House Fast Casual Customer Service 215

Apicbase

JUNE 16, 2023

This is especially true for large-scale foodservice operations and scaling restaurant businesses. 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.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

Apicbase

MAY 18, 2022

Managing a chain of company-owned restaurants is very different from working with franchisees. You aren’t involved in the day-to-day operations of the franchised locations, so the keys to success in restaurant franchising are different from those of corporate sites. That’s where your operations manual comes in.

Franchise 52

Franchise Franchising Sustainability Document 52

Lavu

JANUARY 21, 2020

Both your front of the house (FOH) and back of the house (BOH) transactions are recorded simultaneously. When restaurant accounting software is integrated into your restaurant POS system , it puts all the operational and accounting information in a single database. Ensures Accuracy of Financial Data.

Audits 78

Audits Back of House Point of Sale Front of House 78

Touch Bistro

APRIL 7, 2021

As one study by 7Shifts found, 47% of restaurants were negatively affected by employee turnover in 2019, and less than a third of operators said their restaurant turnover rate had no impact on their business. One of the best ways to uncover issues with your current operation is to check in with employees regularly. Download Now.

Employee Relations 52

Employee Relations Hiring Seasonal Menu POS 52