Cash Will Still Be on QSR Menus

Modern Restaurant Management

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.

Four Ways to Take Charge of Your Restaurant Cash Flow

Modern Restaurant Management

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.


Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

How to Manage Cash Flow During Restaurant Restrictions


Tracking and understanding your restaurant’s cash flow is essential, whether business is booming, or times are tough. A healthy, positive cash flow is necessary to pay your bills and grow sales. Understanding your cash flow not only keeps your operation afloat, but it also prepares you to handle unexpected changes in sales and expenses. Monitoring your cash flow is more important than ever during the COVID-19 outbreak. How to calculate restaurant cash flow.

Tips to Overcome Your Restaurant’s Cash Flow Crisis

Modern Restaurant Management

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. When there is no proper plan or strategy in place for handling cash flow shortage, a cash flow crisis occurs. Finance Operations cash flow managing cash flow

How Restaurants Can Overcome any Potential Cash Flow Issues from COVID-19

Modern Restaurant Management

As the crisis continues, restaurants need to evolve their business operations to keep running and make long-term plans to keep cash coming in. Since we don't know how long this crisis will last, the first thing restaurants need to do is take a 360-degree look at their cash flow.

Your Guide to Reduce Dead Stock and Improve Cash Flow

Sculpture Hospitality

His advice here is crucial to reducing dead stock and improving your cash flow. Bar Management Stocking a Bar Restaurant OperationsThe following article was written by one of our top industry experts, Gareth Hollows.

9 Restaurant Cash Flow Tips for Your Recovery and Beyond


Comprehending your restaurant cash flow is essential to running your restaurant business. Cash flow refers to the amount of cash coming into your restaurant minus the amount of cash going out on a daily, weekly or monthly basis. Common factors that cause cash flow issues.

6 things to consider when looking at your business cash flow


Cash flow refers to the money that is moving in and out of your business each month. In this blog post, guest contributor Justin Weigner shares with you six tips to help you understand where your cash is flowing. Hotels Hospitality managers Restaurants

10 Reasons Why POS Systems Are Better For Restaurants Than A Cash Register

BNG Point of Sale

What Are The Benefits Of a Restaurant Management System? Cash registers are still part of the equation, but today’s systems allow for greater flexibility in order taking and back-end organization and improved sales analytics. 5 Restaurants POS Systems For Back-end Management.

Mitigating Cost Price Inflation Via Supplier Management

Hot Schedules

Mitigating Cost Price Inflation Via Supplier Management. Not only does this deliver greater control, but negotiated rates also help avoid the inevitably higher costs that come from buying with petty cash. All Posts Inventory Management

Why Bar Inventory Management is Crucial to Post-Pandemic Success

Sculpture Hospitality

Since the beginning of the COVID-19 pandemic, bar owners around the world have learnt a number of lessons about managing their businesses during challenging times. Perhaps no lesson, however, has been as important as understanding cash flow.

Cash Registers in a Cashless Society — have Tills gone Nil?


And as the era of cash comes to an end, our mind wanders to the till. Early cash registers were a sight to behold; and their innovations, remarkable. Swindled but unhindered, James Ritty, a saloon owner, built the first-ever cash register in 1879.

How to Improve Team Communication with Restaurant Staff and Management

7 Shifts

You would think something as second nature to people as communication would be easy to manage in the workplace. Communication is the key to facilitating productive relationships between managers and employees. Keeping your staff in the dark about upper management decisions.

How Bar Managers Can Better Manage Pour Cost

Focus POS

It’s more crucial now than ever to manage pour costs effectively. . To incentivize bar operators to order more in bulk, many will offer buy-in-bulk deals and specials on bulk orders, which can end up saving you significant cash.

Ultimate Guide to Restaurant Management Software


Understanding Restaurant Management Software. Among the technology offered today is restaurant management software. . If you’re in the beginning stages of looking for a restaurant management system , you might have multiple questions or concerns. Front-of-house (FOH) management.

Should Restaurants Go Cash-Free?

Single Platform

Cashless restaurants do not accept cash payments and instead require customers to use credit cards, debit cards, cash cards, or contactless payment systems. So, should your restaurant go cash-free? There are some clear reasons that more and more restaurants have been ditching cash. First, it’s safer for restaurants to not have large sums of cash on site. If you don’t have cash, you’re far less likely to be robbed. The post Should Restaurants Go Cash-Free?

Seven Traits of Successful Restaurant Owners and Managers

7 Shifts

This process includes focusing on your daily finances , such as cash flow, payroll, and inventory. Invest in Technology Accounting and inventory management software are just a couple of the technologies that small business owners should invest in.

How Systems Hold Managers Accountable

The Restaurant Expert

They said they wanted ALL of their systems tied together and more importantly wanted to hold their management team accountable … and that they wanted a solution. And that’s how our restaurant management software, Restaurant Systems Pro, was born. A restaurant manager who is OVER PAID!

Order Up! Offer Financial-Based Incentives to Tackle Staffing Challenges 

Modern Restaurant Management

These tools offer employees an easy and secure way to manage their wages, even if they don’t have bank accounts. Educate and Engage: Offer financial literacy education to help staffers understand and use skills that include budgeting, managing money, paying off debt and investing.

How to Develop a Restaurant Management Plan

The Restaurant Expert

A restaurant management plan is your written strategy for how to get your restaurant to where you want it. This restaurant management plan is a tool that translates ideas (I should or I’ll try to) into action (I am). In developing your plan for improving your restaurant operation, remember these helpful tips: Study every aspect of what you want to implement – does it fit with your management style and goals. Benefits of a restaurant management plan.

5 Tips for Maximizing Restaurant Operations Management


As a restaurant owner or manager, sometimes you may need to jump in to help keep business running smoothly. However, the day-to-day tasks can distract from the bigger-picture work that is essential for your long-term business health: restaurant operations management.

Resources To Provide Relief To Cash Strapped Restaurants During Covid Crisis

The Restaurant Times

The NRAI has developed this program entirely keeping in mind the current plight of its members and the employees” says Gauri Devidayal, NRAI Managing Committee Member. The Virtual Cash facility will be valid for a period of six months from the date of purchase.

How to Develop a Restaurant Management Plan

Smart Systems Pro

A restaurant management plan is your written strategy for how to get your restaurant to where you want it. This restaurant management plan is a tool that translates ideas (I should or I’ll try to) into action (I am). In developing your plan for improving your restaurant operation, remember these helpful tips: Study every aspect of what you want to implement – does it fit with your management style and goals. Benefits of a restaurant management plan.

The Ultimate Guide to Restaurant Inventory Management

Xtra Chef

Restaurant inventory management is not the most enjoyable restaurant task. Inventory management is a cost management strategy that influences your restaurant food costs , revenue, profitability, and cash flow. Part 2: Why Inventory Management Matters.

11 Restaurant Management Best Practices to Maximize Your Performance in 2021


As 2021 begins, there are many restaurant management best practices that can be applied to strengthen your business, in the short and long term. Manage cash flow by creating a cash flow forecast. Your total cash flow is your cash inflows (for restaurant.

Restaurant Accounting Concepts Every Manager Should Know About


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. Use our restaurant management software to keep an eye on variable costs and study their changes. Accounting Management metrics & finance

Managing Your Restaurant’s Financial Health for a Smart Recovery


By generating a budget for your controllable costs , you can create a clearer path for your cash to move. Assessing this movement by ensuring that the budget is maintained and that invoices are entered daily will help you better manage your cash flow each month.

Managing Risks for Acts of Violence on Restaurant Property

Modern Restaurant Management

Some examples could include: healthcare organizations, organizations with political or ideological agendas, news media organizations and businesses that deal with significant quantities of cash. Managing foreseeable risk = covering the basics.

Top Five Supply Chain Management Tips

Hot Schedules

Top Five Supply Chain Management Tips. . As business levels continue to fluctuate since early Spring, it is important to keep stock levels to a minimum to preserve cash and minimize waste. Top Five Supply Chain Management Tips. All Posts Inventory Management

Managing Your Restaurant Balance Sheet and Financial Statements


Your P&L is extremely valuable to manage your operations, budget, and future business growth. Before modern restaurant management technology, P&Ls required labor-intensive data tracking and analysis. Managing your balance sheet. Assets also include cash on hand.

Restaurant Inventory Management: Why Accounting Integration is Important


Running a successful restaurant business is all about spending your cash wisely. Integrating inventory management with accounting facilitates better inventory control. When you think of your restaurant finances, you don’t always equate it with inventory management.

How to Manage a Restaurant Balance Sheet

Touch Bistro

When used alongside other financial documents, such as your restaurant profit and loss statement (also known as your restaurant income statement ) and your statement of cash flows, your balance sheet gives you a more complete picture of your restaurant’s finances.

Guest Blog: It’s Time to Bring Your Alcohol Management into the 21st Century


From cloud-based POS systems to mobile apps designed to improve employee satisfaction and streamline scheduling, technology is bettering business and changing the landscape of restaurant management. So why is it that alcohol management is lagging?

Blog 123

Crisis Management 101: How Restaurants Can Manage Business Disruptions Better

The Restaurant Times

The Covid-19 pandemic has clearly indicated that crisis management requires drastic changes in how the restaurant industry operates. The guiding principle behind future restaurant crisis management should be the safety and security of your business, employees, and customers.

Why Restaurant Inventory Management with Excel Doesn’t Work

Xtra Chef

Restaurant inventory management with Excel takes too time and can lose you money. Inventory management with Excel in restaurants is a common food cost control method that helps you order the right amount of food at the right time to minimize waste, reduce food costs, and maximize profits.

Key Features of Restaurant Management Software You Must Have in 2020


Restaurant management software can streamline restaurant operations, helping you become more efficient and profitable. However, not all restaurant management systems are created equal — and the tools you have access to can play a large role in your success. Cloud-based management.

2019 104

The Top 5 Restaurant Management Questions Answered


Whether your restaurant is preparing for its grand opening night or will be celebrating its 10 year anniversary, it is never a bad time to begin implementing the best restaurant management practices and improving your processes. Staff management. Cost and inventory management.

Server Duties: 4 Restaurant Server Side Work Tasks and Best Practices for Managing Them

7 Shifts

Removing cash from the premise, for example, helps keep your staff safe and prevents fraud. Best Practices for Managing Side Duties Communication and to-do lists are crucial to successfully managing server side work.

21+ Marketing Tips for Multifamily Property Managers in 2020


Every year brings new challenges to the table, and multifamily property managers have to adjust their marketing strategies to adapt to the constant changes. 21 Effective Marketing Tips for Multifamily Property Managers in 2020 ?.

8 Property Management Accounting Tips in 2020 (+Best Software)


Property management companies rely on accurate, prompt, and detailed accounting and financial reporting to track, assess, and properly manage income, cost, reserves, revenue streams, and economic performance of their properties. Next Steps for Property Managers.

Steady Work: Best Restaurant Management Advice from Starbucks’ ‘Playbook’

Modern Restaurant Management

It’s relevant today because it helps restaurant leaders contend with enduring issues like crisis recovery, demand fluctuations, food waste, keeping the human touch, managing change, and retaining employees. I asked how she managed to do that, and she smiled.

COVID-19 Best Practices for Restaurants: Navigating Coronavirus for Staff & Managers

7 Shifts

How restaurant managers can navigate COVID-19. Communicate with staff and managers. Monitor 7shifts Announcements from management for updates on the situation. With our online task management tool, 7tasks, restaurants can better manage hygiene-related tasks during this time.

Everything You Need to Know about Restaurant Management

Focus POS

Restaurant management is a complex task requiring a delicate balance of managerial skills and software. We’ve put together a guide you can use to help you choose the best technology for your restaurant and how it can help you run a more profitable business: General Restaurant Management. » Must-Have Restaurant Management Software Features. Restaurant management relies heavily on a number of different technology solutions. Restaurant Labor Management.