Remove Cash Management Remove Consumer Goods Remove POS Remove Tip Distribution
article thumbnail

Tip Pooling Tools to Easily Manage Tips at Your Restaurant

7 Shifts

Tipping practices are in constant conversation in the restaurant industry. Attempts have been made to eliminate tipping altogether, but many restaurants ended up reverting back to a traditional tipping system. Tip pooling is another way that restaurants have changed up the system to make it fairer for everyone involved.

article thumbnail

2024 Outlook: Restaurant Trends and Challenges, Part Three

Modern Restaurant Management

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. Consider, for instance, a scenario in which your Point of Sale (POS) system can forecast the popularity of a new dish based on historical customer behaviour.

2024 215
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Restaurant Accounting: The Ultimate Guide

Xtra Chef

Whether you are an executive chef, a seasoned restaurant finance executive, or an owner/operator who manages your own books, speaking the language of restaurant accounting will help keep all financial stakeholders on the same page. In Part 2, we’ll help you decide how best to manage accounting at your restaurant. Tip Handling.

article thumbnail

MRM Research Roundup: Mid-June 2020 Edition

Modern Restaurant Management

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features recovery data, POS performance and shifting habits of diners. As stay at home orders are lifted, consumers will begin visiting restaurants and businesses locally while practicing social distancing. On the Road to Recovery.

2020 184
article thumbnail

How To Train Bar Staff And Delight Customers

The Restaurant Times

You work hard to train your bar staff, keep your customers happy, maintain positive distributor relationships, stay on top of your bar’s sales and inventory data, keep your establishment clean, bring in business, and reinforce the big picture of your bar, whether you’re a bar manager, beverage director, or general manager. .

article thumbnail

5 Tips for Restaurant Inventory Revenue Maximization

MBB Hospitality

Only a multi-modal approach to your restaurant’s inventory can maximize your profits and promote strategic revenue management. Here’s a short guide on 5 tips for how to manage your inventory successfully in a restaurant setting. A Proper POS system. Even orders to your vendors can be made and tracked from your POS system.

article thumbnail

Business Budget 101: How To Budget For Your Small Business

Sling

When you think about it, creating a business budget is probably one of the least exciting responsibilities of being a manager or an owner. In this article, the management experts at Sling discuss budgeting 101 and give you tips on how to build a business budget for your company, regardless of size. It might be a little.