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

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

7 Shifts

JULY 1, 2024

From choosing a concept and securing the necessary documentation to hosting your grand opening, we've outlined the complete process of opening a bar. This is because corporations require lots of documentation to be filed and have stakeholders, which isn’t something you want to go through as a first-time bar owner.

Bar 221

Bar License Food Supply Restaurant Law 221

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

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. While there are many details surrounding your food cost data, the actual tracking is relatively simple.

Employee Relations 148

Employee Relations Cash Management Point of Sale Front of House 148

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

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

Lavu

JANUARY 21, 2020

This includes communication of financial statements like income statements, balance sheets, and cash flow. This includes the revenue of the restaurant, cashflow, inventory levels, and income statements. They document all the financial transactions of the restaurant, keeping track of the inventory, cash flow, and income statements. .

Cash Management 78

Cash Management Point of Sale Inventory Information 78

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

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.

Employee Relations 148

Employee Relations Cash Management Beverage Restaurant Law 148

Restaurant365

OCTOBER 30, 2020

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. What is restaurant operations management?

Operations 78

Operations Management Management Inventory 78

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

BNG Point of Sale

NOVEMBER 12, 2021

With the right tools, business owners can turn stressful systems and manual processes into profit margins, customer retention, and lowered inventory costs. A digital POS system takes a traditional cash register to the next level. Traditional cash registers take more time for a customer to make a purchase.

POS 52

POS Point of Sale Cash Management Loyalty Program 52

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

Clover - Restaurants

APRIL 23, 2024

An existing restaurant also has an established cash flow, as well as a system in place for managing inventory, staffing, and running the kitchen. There’s no guarantee that employees will stick around for a change of management or if you start changing the operating model. Is the real estate owned or leased?

Point of Sale 52

Point of Sale Cash Management Franchising Franchise 52

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. A massive menu may not be the best idea, as it might lead to unused or spoiled inventory. Once you’ve hired a great team, you can take advantage of the Sling app to help manage everyone.

Fine Dining 78

Fine Dining Cash Management Restaurant Law Consumer Goods 78

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

OCTOBER 13, 2021

POS systems are similar to cash registers, but because they are computer-based, they give you access to a wealth of data about your convenience store business. The sophisticated and detailed sales reports generated by a POS system are its main advantage over a cash box or a cash register.

POS 52

POS Point of Sale Cash Management Loyalty Program 52

Harbor Touch

JULY 8, 2020

A more robust, modern system can help you to accept more payment methods, gather more data, and even monitor specific online orders and inventory, all in a seamless and intuitive manner. A given file — whether it’s a new menu, an image gallery of your restaurant, an inventory report, etc. — 2 – Marketing Through Social Media.

Email Marketing 78

Email Marketing Social Media Cash Management POS 78

Focus POS

JUNE 17, 2019

It’s a system that takes the place of a traditional cash register and provides much more than basic transaction functionality. Restaurant point of sale software empowers businesses to control labor costs, manage inventory, and have deeper visibility into business operations. POS for Restaurant Franchise Management.

Point of Sale 113

Point of Sale Cash Management POS Franchising 113

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

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

OCTOBER 20, 2023

This document is helpful for you as well as potential investors. Craft a comprehensive financial blueprint to manage your restaurant’s expenses. It’s so much more than a way of processing transactions: POS systems track sales, manage inventory, and even generate reports that offer insights into customer behavior.

License 78

License Email Marketing Front of House Seasonal Menu 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

Touch Bistro

MARCH 23, 2021

Restaurant accounting and tax specialists have navigated many operators through millions of dollars in relief and helped them become cash flow positive through the pandemic. This article will also cover: Important restaurant tax deadlines for 2021 5 steps you need to take to increase cash flow during tax season.

2021 52

2021 Cash Management Employee Relations 2020 52

The Restaurant Times

NOVEMBER 30, 2020

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

Franchise 52

Franchise Franchising Cash Management Recruiting 52

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.

Management 101

Management Management Food Truck Cash Management 101

7 Shifts

AUGUST 18, 2024

But the challenges don’t stop there—once open you have to focus on improving processes, managing labor schedules, and controlling restaurant costs. Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. This is only a guideline.

License 370

License Equipment POS Food Supply 370

The Restaurant Times

MAY 30, 2021

It gives banks and potential investors information regarding its business objectives – market analysis, management details and financial requirements to sales and marketing, expansion potential, etc. Management team: Mention the organizational structure and types of roles you want to hire for your restaurant. Management Plans.

Point of Sale 52

Point of Sale Food Truck Employee Relations Customer Service 52

Xtra Chef

OCTOBER 28, 2020

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. But having too little inventory makes it difficult to meet customer demand.

Inventory 78

Inventory Management Management Cash Management 78

Xtra Chef

DECEMBER 11, 2019

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. Accounts Payable (i.e.

Cash Management 90

Cash Management Point of Sale Tip Distribution Inventory 90

Apicbase

JULY 16, 2024

That’s because, next to inventory management, F&B purchasing mistakes are the number #1 reason why operators struggle to get their food costs under control. The goal is maintaining optimal inventory levels without overspending or wasting. Procurement management in a multi-unit or multi-concept environment.

Operations 98

Operations Inventory Point of Sale Food Order 98

7 Shifts

MAY 26, 2021

Instead, they partner with SBA-approved banks that foot the actual cash to qualifying small businesses. Provide the necessary documentation. Document these conversations with written letters or emails so that you can provide documentation proving you made the attempt and the employee rejected. Follow the 60/40 Rule.

2021 195

2021 Cash Management Document Employee Relations 195

Modern Restaurant Management

AUGUST 5, 2020

and will enable TouchBistro to fully integrate customer loyalty and guest marketing into its all-in-one point-of-sale (POS) and restaurant management platform. This year’s Neighborhood to Nation Contest will double the number of winners to award 20 prizes of $5,000 in cash along with a robust marketing package.

Food Safety 210

Food Safety Mobile Ordering Online Ordering Kitchen Safety 210

Restaurant365

MAY 7, 2020

General managers and restaurant owner/operators should create checklists for crew and managers to use during their shifts. This will streamline your inventory and give you better visual access to your shelves. Managing Food Pick Up and Delivery. Install sneeze guards at cash registers.

Food Safety 142

Food Safety Cash Management Point of Sale Social Media 142

Xtra Chef

AUGUST 12, 2020

Food cost management is particularly important during a recession or economic downturn , as many restaurant owners are finding right now. But managing restaurant food costs can be challenging. Managing restaurant food costs doesn’t have to be complicated. Manage Restaurant Inventory with an Iron Fist.

Food 120

Food Inventory Waste Food Order 120