7 Shifts

JULY 13, 2023

Restaurant transactions have been moving away from cash and towards electronic forms of payment for years—and that's extending to tips now too. Americans who leave their tips digitally tip nearly 15% more than when they tip with cash. However, more digital tips means less cash passing through the restaurant on a daily basis.

Cash Management 195

Cash Management Back of House Training Management 195

7 Shifts

JANUARY 9, 2024

A modern restaurant management system can help with compliance. If the restaurant management chooses to pay some or all of the service charge out to staff, that money counts as taxable wages, not tipped income. Managers, supervisors, and employers can’t receive funds from tip pools either. per hour) and tips.

Restaurant Law 221

Restaurant Law Cash Management Tip Distribution 2024 221

7 Shifts

JUNE 13, 2024

Our CEO, Jordan Boesch, sums it up perfectly: “This report answers a lot of the questions that restaurant owners and managers have about why their workforce might be dissatisfied and why they may be experiencing unhealthy rates of turnover. Camaraderie is just as important as cash. Managers matter more than you think.

Cash Management 221

Cash Management Leadership Training Management 221

7 Shifts

JANUARY 9, 2024

A modern restaurant management system can help with compliance. If the restaurant management chooses to pay some or all of the service charge out to staff, that money counts as taxable wages, not tipped income. Managers, supervisors, and employers can’t receive funds from tip pools either. per hour) and tips.

Restaurant Law 195

Restaurant Law Cash Management Tip Distribution 2024 195

Embrace the Suck

APRIL 26, 2020

To get you started down the KPI Mastery path, let’s start with the basic metrics: Cash Flow. Cash flow is simply the amount of money going in and out of the restaurant. It’s essentially how much cash you have on hand. Cash flow = Cash input - cash output. Allow me to help you manage your KPIs.

Cash Management 439

Cash Management Point of Sale Inventory Bar 439

Modern Restaurant Management

FEBRUARY 9, 2023

For example, with an uptick in business comes an influx of cash, especially with higher interest rates motivating consumers to utilize cash versus credit cards. Whether you own and operate a large establishment or a small one, there is always an increased chance of risks for cash management when dealing with more cash.

Cash Management 164

Cash Management Transportation Recycling Small Business 164

Culinary Cues

MARCH 26, 2022

Every business requires controls in pricing, consistency, quality, and cash handling. All of the tools are available for inventory control, purchasing systems, cash handling, costing templates, and quality assessment. Social media is very inexpensive, but someone needs to effectively manage it every day and every way.

Cash Management 363

Cash Management Social Media Restaurant Law Communication 363

7 Shifts

AUGUST 23, 2023

I'm excited to introduce Tip Payouts , an easy-to-use tip payment solution that empowers restaurant managers to send tips directly to employees' bank accounts in seconds. Our tip management journey started back in September 2021 with the release of our Tip Pooling feature, which covered the calculation portion of the process.

Tip Distribution 195

Tip Distribution Cash Management Restaurant Law Insurance 195

Modern Restaurant Management

FEBRUARY 27, 2023

It is important to consider if the first location has the cash flow to help financially carry the second location for a period of time if needed. Below are seven tips to improve the cash flow and make the most out of a current location to ensure a steady stream of revenue to serve as a buffer through those first months.

Cash Management 186

Cash Management Point of Sale Inventory Email Marketing 186

Modern Restaurant Management

JANUARY 5, 2024

Strategic Alignment Restaurant management businesses must deal with rapidly evolving markets, higher costs, supply chain shifts and delays, defensive business structures, higher interest rates and growing costs of borrowing. Businesses in the restaurant industry heavily rely on customer loyalty to maintain steady cash flow.

Supplies 114

Supplies Cash Management Food Supply Transportation 114

Modern Restaurant Management

SEPTEMBER 27, 2023

For restaurant owners, there are a number of issues in their workplace keeping them up at night and hindering them from successfully managing and operating their restaurant efficiently. Money and Inventory Management The profitability of a restaurant depends on the careful management of cash flow.

Cash Management 204

Cash Management Restaurant Law Food Safety Point of Sale 204

Modern Restaurant Management

FEBRUARY 9, 2022

Events like the Super Bowl bring an influx of cash to establishments of all sizes, some of which might not have the right cash logistics system in place. When managing an influx of cash, there is an increased chance of risks for cash mismanagement. Identify the amount of time you and your staff spend handling cash.

Cash Management 186

Cash Management Recycling Transportation Sports 186

Modern Restaurant Management

AUGUST 2, 2023

Inventory, Ingredient Costs, and Seasonality Inventory management and controlling ingredient costs are critical for any restaurant's profitability. Employing efficient cash management software can help you track expenses and optimize cash flow.

Menu 167

Menu Cash Management Seasonal Menu Influencer 167

Modern Restaurant Management

SEPTEMBER 15, 2023

Process Payments for Non-Cash Transactions In a digital age, a lot of people use cards instead of cash – but they can't do that if your POS system isn't working. Your delivery management and online ordering will also be impacted. The result is lost revenue and unhappy guests.

POS 204

POS Front of House Cash Management Online Ordering 204

7 Shifts

NOVEMBER 18, 2022

More tip management resources. tip credit, meaning the minimum cash wage for overtime hours increases at a higher percentage than regular wages. leaves a minimum cash wage of $5.76 ($10.88 - $5.12). Therefore, the minimum cash wage for overtime increases by $3.63, and the restaurant must provide $57.60 ($5.76

Cash Management 195

Cash Management Restaurant Law Back of House Customer Service 195

7 Shifts

DECEMBER 13, 2023

Texas tip laws are less complex than most other large states, but no less important to get right: Just ask one Texas barbecue restaurant, which the Department of Labor fined $867,000 , after they improperly withheld tips from employees and paid them out to managers instead. Management is a different story.

Restaurant Law 221

Restaurant Law Tip Distribution Cash Management Customer Service 221

Modern Restaurant Management

JUNE 12, 2024

“Owners should be examining the table turns and cash receipts of the business daily and comparing them to expectations for that day of the week and time of year,” Johnston told Modern Restaurant Management (MRM) magazine. “Sales in the restaurant business or notoriously volatile,” Johnston said.

Cash Management 193

Cash Management Equipment Small Business Magazine 193

Modern Restaurant Management

FEBRUARY 13, 2020

Small business owners in nearly every industry struggle with cash flow and how to best utilize their working capital. Nearly 60 percent of failed businesses cite cash-flow issues as a primary reason for their failure, which shows how cash flow management can make or break your business. Get Paid Faster.

Cash Management 144

Cash Management Small Business Inventory Customer Experience 144

7 Shifts

DECEMBER 13, 2023

Texas tip laws are less complex than most other large states, but no less important to get right: Just ask one Texas barbecue restaurant, which the Department of Labor fined $867,000 , after they improperly withheld tips from employees and paid them out to managers instead. Management is a different story.

Restaurant Law 195

Restaurant Law Tip Distribution Cash Management Customer Service 195

7 Shifts

NOVEMBER 17, 2021

Enter 7shifts , a scheduling and team management app that simplifies the payday processes that typically run restaurateurs ragged. Any owner or manager running payroll manually understands the complexity faced each pay period. The downsides fall on management—weekly pay dramatically increases paperwork and admin time.

Cash Management 370

Cash Management Employee Relations Hospitality Innovation 370

Modern Restaurant Management

FEBRUARY 20, 2024

When your POS system makes it easier to manage reservations, seating layouts, and table assignments effectively, it can also optimize table turnover and reduce wait times. With four-in-ten Americans saying none of their purchases are made in cash, it’s become harder than ever to tip out servers in cash.

Technology 120

Technology Cash Management Customer Experience POS 120

The Restaurant Group

JULY 25, 2024

Maximizing Your Restaurant’s Potential: A Comprehensive Guide by TRG Restaurant Consulting Managing a restaurant is hard work. In the bustling and dynamic food service industry, you always try to provide a pleasant guest experience while ensuring a positive cash flow after all expenses have been accounted for.

Hiring 78

Hiring Loyalty Program Website Management Cash Management 78

Modern Restaurant Management

APRIL 1, 2020

Last year, one of the first brands to go cashless, Sweetgreen, changed its policy to accept cash at all its locations. The quick-service restaurant (QSR) started accepting cash after Amazon confirmed it would take cash payments in all of its previously cashless Amazon Go stores. To eliminate cash is to eliminate customer choice.

Cash Management 170

Cash Management Mobile Ordering Fast Casual Employee Relations 170

Modern Restaurant Management

NOVEMBER 9, 2023

For small businesses or startups with limited capital, this significant expenditure can strain cash flow and hinder growth opportunities. By opting for a leasing arrangement, businesses can conserve capital by spreading the cost of the ice machine over manageable monthly payments.

Equipment 193

Equipment Cash Management Small Business Technology 193

Modern Restaurant Management

DECEMBER 10, 2019

According to a study, 82 percent of small businesses fail due to cash flow problems. A cash flow shortage occurs when more money is flowing out of the business than is flowing into it. During a cash flow shortage, you might not have enough capital to cover your payroll or other operating expenses.

Cash Management 124

Cash Management Seasonal Menu Social Media Small Business 124

Modern Restaurant Management

JANUARY 8, 2024

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits.

2024 212

2024 Loyalty Program Cash Management Customer Experience 212

Culinary Cues

MAY 13, 2023

Each of those “departments” will require some level of unique kitchen management (sous chef) and specialists to support the uniqueness of function. As long as the checkbook has a credit balance they are in good shape (until predictable sales slump and cash flow turns the corner).

Hotels 423

Hotels Point of Sale Cash Management Training 423

7 Shifts

MAY 23, 2024

Managing a restaurant is not for the faint-hearted. A restaurant budget allows restaurant owners and managers to see directly if they are meeting their income and expense benchmarks. Promotes proactive decision-making Restaurant owners and managers must adapt quickly to be successful and retain their competitive advantage.

Point of Sale 221

Point of Sale Seasonal Menu Food Supply Cash Management 221

Modern Restaurant Management

APRIL 17, 2023

Mobile Order Applications Mobile smart order apps for waiters help to speed up the service and manage the orders right at the guest’s table. A mobile order app will enable the clients to conduct restaurant management and delivery systems automatically, faster, and completely online with the help of new innovative solutions.

Mobile Ordering 203

Mobile Ordering Cash Management Online Ordering Front of House 203

7 Shifts

AUGUST 2, 2023

Restaurants without team management tools may miss out on top talent, like those who value tech: Gen Z. Reporting and tracking: These capabilities allow managers to analyze tip distributions, identify trends, and generate comprehensive reports for internal auditing and tax purposes—all without having to make their own spreadsheets.

Tip Distribution 195

Tip Distribution Cash Management Employee Relations Audits 195

Modern Restaurant Management

DECEMBER 21, 2023

Manage Access to Keys : Only distribute exterior-door keys to employees who must have access. Secure Your Cash On-Hand : To reduce the risk of robberies, keeping cash in registers to a minimum is a best practice. Invest in a drop safe.

2024 186

2024 Kitchen Safety Cash Management Insurance 186

7 Shifts

MARCH 31, 2021

In general, lenders will want to see at least five years' worth of cash flow projections. From there, they will help you work through the numbers and provide an estimation of your future cash flow. Dedicate a section to show off your management team. Be sure to stick to realistic estimations.

Cash Management 370

Cash Management Document Customer Experience Customer Service 370

Modern Restaurant Management

FEBRUARY 22, 2022

These platforms utilize point systems and integrations with communications platforms to make it easy for managers and fellow employees to give out kudos. There are two types of bonuses: cash or non-cash. A cash bonus is simply a sum of cash awarded to an employee for superior performance.

Cash Management 204

Cash Management Merchandise Front of House Coupons 204

EATER

JULY 1, 2024

. | FX Elliott shadowed a restaurant manager at a Pasadena, California location of Houston’s to prepare for playing Natalie Berzatto The below contains plot details from Season 3 of The Bear. She sees him off to his new life as a chef in New York and offers him a little bit of cash to get started.

Management 93

Management Management White Paper Cash Management 93

Modern Restaurant Management

NOVEMBER 9, 2021

To recruit new talent and alleviate strains on current staff, restaurant managers are looking for new ways to streamline their operations and enhance the employee experience. A mobile employee experience has now become table stakes in seamlessly recruiting, onboarding, training and managing staff. Embracing Digital Transformation.

Cash Management 209

Cash Management Employee Relations Recruiting Healthcare 209

Modern Restaurant Management

JANUARY 27, 2023

It takes a lot to become an entrepreneur including learning actively from mistakes, understanding operations, and managing finances. Many entrepreneurs who are new to the business might not consider issues like cash availability, inventory costs, and overhead costs. A business plan is necessary to clarify everything in the beginning.

Cash Management 178

Cash Management Document Inventory Presentation 178

SpotOn

JULY 1, 2024

Foods and SpotOn will empower US Foods customers with the point-of-sale, labor management , and other technology they need to succeed on their own terms.  This program provides foodservice operators with a growing suite of technology solutions designed to drive traffic, simplify staffing, and modernize operations.

Technology 116

Technology Loyalty Program Point of Sale Cash Management 116