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

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

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. You receive time in your Point of Sale (POS) system. However, tracking your labor cost is a bit more complicated.

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

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

Focus POS

JUNE 17, 2019

What is restaurant point of sale (POS) software? 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.

Point of Sale 113

Point of Sale Cash Management POS Franchise 113

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

Harbor Touch

JULY 8, 2020

Here are 4 steps on how to digitize your restaurant: 1 – Installing Modern POS Machines. If you’re running a restaurant, you undoubtedly have a POS system in place already. That said, not all POS systems are the same, and these days there are more advanced, digital-forward options that can improve your business substantially.

Email Marketing 78

Email Marketing Social Media Cash Management POS 78

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

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. Technology streamlines operations and makes everything that much easier, whether it’s using point of sale (POS) systems or a reservations platform.

License 78

License Email Marketing Seasonal Menu Front of House 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

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

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. 5 Concepts of Restaurant Accounting.

Management 85

Management Management Food Truck Cash Management 85

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

Touch Bistro

SEPTEMBER 21, 2021

This essential document serves as a blueprint for your vision and details all the different steps you’ll need to take in order to turn your business dreams into reality. A restaurant business plan is a written document that outlines your business goals and how you will go about achieving those objectives.

Document 52

Document License Download Insurance 52

Margin Edge

JUNE 13, 2019

This article looks at some best practices in restaurant accounting and then offers some tips on helpful features of modern accounting systems – all from the perspective of owners and managers (no finance degree required!). Timing is Everything: Accrual vs Cash Reporting. Food, Dry Goods, Beer, Wine, etc.) Access Anywhere.

Cash Management 40

Cash Management Food Supply Demo Small Business 40

Marketing4Restaurants

APRIL 1, 2021

Concerns have been documented about the labour practices used by Deliveroo and other Restaurant Delivery aggregators, but we beleive that there may be more fundamental reasons that they have struggled. Deliveroo in 2019 managed to decrease their loss to 41% of their revenue, down from 48%. Ethical Investing. Help for Restaurants.

Sustainability 111

Sustainability Delivery Front of House Back of House 111

Restaurant365

SEPTEMBER 30, 2019

The accounts payable platform acts as a document repository for invoices and other paperwork as it comes into the restaurant. Digitizing the AP workflow gets your management and accounting team away from the computer to do more strategic tasks. Physical paper invoices are scanned or photographed from mobile or desktop devices.

Audits 60

Audits Cash Management Mobile Ordering Point of Sale 60

Modern Restaurant Management

APRIL 14, 2020

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. The National Restaurant Association-managed site also provides a direct connection to the industry’s grassroots engagement platform.

Online Ordering 209

Online Ordering Back of House Customer Service Small Business 209

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 207

Food Safety Mobile Ordering Online Ordering Kitchen Safety 207

Notch

FEBRUARY 26, 2019

As a business owner, you probably know that revenue management is one of the keys to success. But, if you have a cash flow problem, do you know how to diagnose and solve it? Restaurant revenue management comes down to three main factors: traffic, sales and service. Anything less than that, they may be struggling and in the red.

Management 71

Management Management Loyalty Program Email Marketing 71

7 Shifts

MAY 15, 2023

Restaurant payroll is a system for calculating and managing the salaries of employees in a restaurant. Employers need to track hours, calculate wages, manage shift schedules , and maintain employee records. This schedule can be difficult to run manually for managers with more than a handful of employees.

2023 195

2023 Tip Distribution Audits Restaurant Law 195

Notch

FEBRUARY 26, 2019

As a business owner, you probably know that revenue management is one of the keys to success. But, if you have a cash flow problem, do you know how to diagnose and solve it? Restaurant revenue management comes down to three main factors: traffic, sales and service. Anything less than that, they may be struggling and in the red.

Management 52

Management Management Loyalty Program Email Marketing 52

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

Modern Restaurant Management

JULY 15, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features Grubhub's State of the Plate 2020 trend report, the fragility of "open," di g ital resilience and brand intimacy. China is by far the mobile payments leader with over half of consumers preferring mobile payment over cards and cash.

2020 193

2020 Mobile Ordering Point of Sale Fast Casual 193

Modern Restaurant Management

MARCH 11, 2020

US Foods Holding Corp.entered into a definitive agreement to acquire Smart Foodservice Warehouse Stores from funds managed by affiliates of Apollo Global Management, Inc. NYSE: APO) (the “Apollo Funds”) for $970 million in cash.

Bar 151

Bar Cash Management Loyalty Program Point of Sale 151

Modern Restaurant Management

JULY 7, 2020

Our team is thrilled to partner with BurgerFi’s senior management to support the numerous growth initiatives underway and to drive operational excellence.” million newly issued shares of the Company and $30 million in cash. Adam Marcus, Managing Director at PSG.? ’s stock price performance.

Mobile Ordering 189

Mobile Ordering Restaurant Law Seating Customer Service 189

7 Shifts

FEBRUARY 4, 2020

Otherwise, you run the risk of improperly documenting employees’ overtime history, which could come back to bite you with back pay and fines. Additionally, employees cannot charge for cash register shortages or broken/damaged property. That’s where technology comes in to save the day.

Restaurant Law 369

Restaurant Law Employee Relations Article Cash Management 369

BNG Point of Sale

DECEMBER 6, 2021

Difference of POS System and Merchant Services. A point-of-sale (POS) system is the software and hardware that a business will use to process credit card transactions or any other types of electronic payments such as debit cards or NFC (Near field communication). . For example, suppose you have multiple locations.

Point of Sale 52

Point of Sale POS Cash Management Customer Service 52

Modern Restaurant Management

DECEMBER 27, 2019

“We’re thrilled that Appetize and Restaurant365, two leaders in cloud-based restaurant solutions, have partnered to deliver a single streamlined POS, accounting, and operations platform for restaurants to maximize revenues.” This gives restaurants a real-time representation of their performance.

Mobile Ordering 123

Mobile Ordering Customer Service Point of Sale Customer Experience 123

Lavu

JANUARY 21, 2020

You need to consider whether you need web-based accounting software, integration of the accounting software to your POS system, the cost of purchasing the system, and other important factors. You should see the amount of cash that came in and went out of your business across different periods of time. Presence of Web-Based Application.

POS 78

POS Small Business Cash Management Online Ordering 78

Restaurant365

MAY 7, 2020

General managers and restaurant owner/operators should create checklists for crew and managers to use during their shifts. Managing Food Pick Up and Delivery. Install sneeze guards at cash registers. Regularly and frequently clean restrooms and document the cleanings. Clean and organize your shelves.

Food Safety 142

Food Safety Cash Management Point of Sale Social Media 142

The Restaurant Times

DECEMBER 30, 2021

It will help if you start with a well-documented business plan as it will minimise the probability of failure. A well-thought-out plan takes cognisance of various future aspects of your business, such as capital outlay, expected cash flow, payback period, etc. Create A Business Plan. Choose The Vendors. Invest In Technology.

Food 52

Food License Cash Management Consumer Goods 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. Of course, there’s much more to inventory management than maintaining stock levels.

Inventory 78

Inventory Management Management Cash Management 78

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. The good news?

Food 120

Food Inventory Waste Food Order 120

Restaurant365

MARCH 30, 2020

Without payment processing capabilities, you will need to process transactions over the phone, which can be a costly security risk, or through cash, which is now a health risk [more on this in the accounting section below]. With most consumers using cards, a mobile app that can process transactions when your staff delivers is ideal.

Delivery 78

Delivery Operations Insurance Cash Management 78

Squirrel Systems

MAY 31, 2018

How to set up employee contests using Squirrel POS? Squirrel POS makes it easy for managers to track item sales by employee. It would almost guarantee success in terms of strong consistent and sustainable sales growth through individual employee contributions as the ROI for employees is direct, documented, and pre-determined.

Employee Relations 52

Employee Relations Point of Sale Cash Management POS 52