Modern Restaurant Management

OCTOBER 19, 2023

But it’s not just newbies to franchising – or restaurant franchises themselves, for that matter – that need to stay on top of the management intricacies that characterize the business. Just as challenging is keeping on top of federally mandated franchise disclosures contained in the Franchise Disclosure Documents (FDD).

Insurance 98

Insurance Franchise Franchising Document 98

7 Shifts

OCTOBER 20, 2022

Specifically, The DOL applied the updates to the amendments that occurred in 2018 in section 3(m) and other sections in the Fair Labor Standards Act: First, employers, supervisors, and managers cannot keep employee tips under any circumstances, even in a tip pool. Managers that have the authority to fire employees cannot be included.

Tip Distribution 195

Tip Distribution Restaurant Law 2023 Cash Management 195

7 Shifts

JULY 21, 2020

From small business loans to microgrants to business credit cards, cash is available; it just takes a bit of application work and a little know-how. Best for: Businesses who need cash to keep their doors open and their staff employed. Best for: Small businesses that need substantial cash to do big things.

Cash Management 300

Cash Management Government Small Business Healthcare 300

Xtra Chef

DECEMBER 30, 2020

Here are some of the actions, accomplishments and highlights of the past year… We introduced Recipe Management – a recipe for restaurant profitability. In January 2020, we launched our Recipe Management feature, giving our customers the ability to calculate plate costs easily, accurately and dynamically.

2020 151

2020 Cash Management Point of Sale 2021 151

7 Shifts

NOVEMBER 12, 2020

In order for new hires to perform well and stay happy in their roles, hiring managers need to pay more attention to the restaurant onboarding process. What documentation to give out and collect during onboarding. Trainees can ask their buddies questions that they may not want to go to their managers for. Measure twice, cut once.

FOH 307

FOH BOH Food Safety Customer Service 307

Restaurant365

DECEMBER 11, 2020

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. over a certain period of time.

2021 136

2021 Cash Management Management Management 136

Crunchtime

FEBRUARY 7, 2024

Historically, operators have relied on paper checklists and field management teams to roll out and enforce their standard restaurant operating procedures and as part of their retail operations management. Standard restaurant operating procedures help staff and leadership do their jobs better and ultimately, make customers happier.

Operations 78

Operations Audits Cash Management Food Safety 78

Xtra Chef

JUNE 16, 2020

xtraCASH is our new product that allows restaurant operators like you to earn as much as 1% cash back on purchases simply by turning invoice capture into insights and cash. Here’s everything you need to know about this exciting product release: Turn Paper Invoices into Cash. Click here to start earning extra cash today!

Cash Management 80

Cash Management Mobile Ordering Document Food Order 80

Modern Restaurant Management

AUGUST 10, 2021

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. When it comes to managing medical plan costs for restaurant employers, aggressive management of prescription drug expenditures can yield significant savings. Understand Your Costs.

Management 178

Management Management Cash Management Healthcare 178

7 Shifts

APRIL 30, 2021

Food, alcohol, and cash are common victims of theft—but business owners have to look beyond physical goods. By understanding the ways it can occur, business owners or managers have a much higher chance of identifying it before it racks up a hefty bill. Give your managers top-level visibility. How to spot it: Types of time theft.

Restaurant Law 370

Restaurant Law White Paper Cash Management Small Business 370

Ken Burgin

AUGUST 6, 2022

Effective crisis planning and management is a must. Can we all be expert crisis managers or are some people better at it than others? Thinking ahead, backup, clear policies and documentation are the key to good management and efficient operations. That’s if you want to stay sane and keep your business on track.

Kitchen Safety 88

Kitchen Safety Cash Management Equipment Front of House 88

Restaurant365

NOVEMBER 18, 2021

Your restaurant orders, receives, and counts food all in one system: your inventory management software. Your inventory management solution measures and stores all the information you need about your food cost. After all, restaurants have historically offered same-day take home pay in the form of cash tips for front-of-house workers.

Employee Relations 148

Employee Relations Cash Management Point of Sale Front of House 148

Modern Restaurant Management

MARCH 19, 2021

If you’ve managed to retain employees, there is a substantial relief package ready for you to help get your business up and running at full capacity again. The efforts of business owners who quickly adapted to a COVID economy and managed to see growth are still eligible for certain expenses.

Tip Distribution 186

Tip Distribution Government Cash Management 2020 186

Perfect Daily Grind

JULY 31, 2022

Without access to finance, many coffee farmers struggle to invest in their farms – their businesses – and few can manage their farms enough to make them profitable. Rachel Nakasiita is Farmer Service Unit (FSU) Manager for NKG Bloom Uganda. José Manuel Calero Moraga is FSU Manager at Becamo.

Cash Management 138

Cash Management Agriculture Food Supply Seminar 138

Bottleneck Management

JANUARY 12, 2023

Taking a month off is a great way to save a little cash after the holidays. Track how much money you save: Document how much money you save by not buying your favorite alcoholic beverages in January. The post Dry January Mocktails appeared first on Bottleneck Management Restaurant Group. Tips to Succeed .

Cash Management 148

Cash Management 2013 Beverage Document 148

Lavu

JANUARY 21, 2020

This includes communication of financial statements like income statements, balance sheets, and cash flow. The process allows restaurant owners and managers to document all financial transactions of the business and determine how well it is performing. Better Financial Management. Better Tracking of Cash Flows.

Cash Management 78

Cash Management Point of Sale Inventory Information 78

Modern Restaurant Management

FEBRUARY 4, 2021

We’ve all worked for or with organizations whose most important programs could be best described as organized chaos, with a collection of PDFs, spreadsheets, videos, Google Drive documents, and digital operations manuals spread across shared drive folders and intranets.

Franchise 199

Franchise Franchising Leadership Cash Management 199

Buzztime Business

FEBRUARY 3, 2021

As of the date of this press release, NTN has received no proposal regarding any potential acquisition or similar transaction from any party, and NTN’s management and board of directors remain focused on closing the proposed merger with Brooklyn and the proposed asset sale to eGames.com.

Specials 60

Specials Cash Management Point of Sale Document 60

Margin Edge

NOVEMBER 10, 2021

There are three primary ways for restaurants to pay their bills: manually writing checks (stuffing, licking, stamping envelopes, and taking them to the post office), using credit cards or digital banking, and lastly using a third-party provider like Bill.com, QuickBooks, or your restaurant management system (RSM).

Management 79

Management Management Cash Management Front of House 79

Aaron Allen & Associates

MARCH 3, 2022

There are so many things to think about — from inventory management to restaurant payment and billing and more — it can be difficult to keep track of it all. That’s where restaurant management software comes in. In this roundup, we will take a look at some of the best restaurant management software out there.

Management 120

Management Management Mobile Ordering Point of Sale 120

Buzztime Business

MARCH 1, 2021

The NTN board of directors reiterates the following: The negative impact of the COVID-19 pandemic on the restaurant and bar industry was abrupt and substantial, and NTN’s business, cash flows from operations and liquidity has suffered, and continues to suffer, materially as a result.

Cash Management 60

Cash Management Point of Sale Document Employee Relations 60

Hot Schedules

MARCH 27, 2020

This money will provide cash assistance to tipped restaurant workers, delivery drivers, personal service workers, and others affected by the pandemic and the economic downturn. . Documentation is required. Managing Inventory in the Days of COVID-19. Managing inventory these days can be a real challenge. Related Posts.

Employee Relations 148

Employee Relations Cash Management Beverage Restaurant Law 148

Lavu

JANUARY 21, 2020

Every restaurant owner and manager needs to review this report on a daily basis to get a picture of how the restaurant is performing. The report provides valuable information on the restaurant’s sales, taxes, tips, discounts, credit card fees, refunds, comps, cash short or over, and more. Cash Flow Forecast (Weekly Report).

Cash Management 78

Cash Management Point of Sale Information Beverage 78

The Restaurant Times

DECEMBER 30, 2020

You can build it manually, or use a restaurant management software that has an inventory module. To avoid any such situations, implementing robust restaurant management software is a must. . Focus On Recipe Management. Manage The Shelf Life Of Stock Items. Moreover, you can also create a monthly inventory report.

Inventory 98

Inventory Cash Management Food Food Order 98

Lavu

DECEMBER 20, 2019

Employers have multiple obligations for documenting and reporting tip income, as well as for paying taxes on. Under Internal Revenue Service regulations , employees must keep a daily record of the cash and non-cash tips received, either directly or indirectly. Employees must report any non-cash tips on. that income.

Cash Management 78

Cash Management Point of Sale Employee Relations Inventory 78

Sling

JULY 1, 2023

5) Pick a great location When you’ve got cash in hand, it’s time to take the next step and find the spot that will soon turn into your restaurant. Once you’ve hired a great team, you can take advantage of the Sling app to help manage everyone. But if you try to document it all by hand, paperwork can consume your time.

Fine Dining 78

Fine Dining Cash Management Restaurant Law Consumer Goods 78

BNG Point of Sale

NOVEMBER 19, 2021

Customers, employees, and your bottom line will benefit from a technology platform that provides real-time business data, decision-making insights, customer relationship management, and improved efficiency. A digital POS system takes a traditional cash register to the next level. What is a POS System? POS is short for Point-of-Sale.

POS 52

POS Operations Loyalty Program Point of Sale 52

The Restaurant Times

SEPTEMBER 5, 2020

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. Remain Aware Of Current Events.

Management 90

Management Management Cash Management Employee Relations 90

BNG Point of Sale

NOVEMBER 12, 2021

A point-of-sale is a system and software designed to allow your business to accept quick electronic and cash payments at the time of check out, track profits, provide actionable insight data from multiple areas of business, and much more.? . A digital POS system takes a traditional cash register to the next level.

POS 52

POS Point of Sale Loyalty Program Cash Management 52

Harbor Touch

JULY 8, 2020

This can be a useful way to streamline file transfer and communications for restaurant owners, in that it keeps exchanges on record and, in some cases, makes it easier to transfer certain types of documents. For a busy restaurant owner, the actual practice of managing the books can be a nuisance.

Email Marketing 78

Email Marketing Social Media Cash Management Food Truck 78

EATER

DECEMBER 8, 2023

The company, well aware of the intense affection its specialty bottles have generated ever since, has fully cashed in on collectors’ enthusiasm. and Pei recently documented the affection he inherited for the brand to win the brand’s Love Unbottled contest. So save your bottles; they could be worth a pretty penny in the near future.

Design 128

Design Food Supply Employee Relations 2001 128

7 Shifts

SEPTEMBER 9, 2019

Charging Your Restaurant Employees Restaurateurs in New York cannot charge employees for “breakages, cash shortages, fines, losses to the business, [or] charges for check replacement.” which does not make it easy for managers to dismiss employees in bulk, since that’s when the lunch rush is). Tip Credit. and 2:00 p.m.

Restaurant Law 283

Restaurant Law Cash Management Article Uniforms 283

Hot Schedules

NOVEMBER 12, 2020

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. To find out how to cut costs, not corners, to effectively manage your supply chain check out our procurement and inventory guide.

Supplies 78

Supplies Management Management Allergens 78

Touch Bistro

JUNE 22, 2021

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. Restaurant Profit & Loss Statements. How to Create a Balance Sheet.

Management 52

Management Management Cash Management Point of Sale 52

Open for Business

FEBRUARY 1, 2023

When you add in the common practice of shift drinks and the availability of cash, it adds up to a higher risk for substance use. Document performance issues Pay special attention to shifts in performance, and write problems down so you can be specific when you talk. That leads to people feeling like they need a release,” he said.

Restaurant Law 78

Restaurant Law Document Cash Management Kitchen Safety 78

Sling

FEBRUARY 24, 2020

In this article, the workforce-management experts at Sling introduce you to group activities that will get everyone engaged, energized, and motivated to work together. During the meeting, read from a very dry, jargon-filled document about sales, marketing, accounting , or another technical topic that may not even apply to this team.

Cash Management 78

Cash Management Document Employee Relations Management 78

The Restaurant Times

NOVEMBER 30, 2020

Evaluate cash flow for the first year and calculate the five-year-return to the franchise. Supply Chain Management. Vendor Management. Payouts and Commission Management. Managing the business of multiple Franchise Restaurants can be a daunting task. Cash Flow And Financial Projection. Initial setup cost.

Franchise 52

Franchise Franchising Cash Management Recruiting 52