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The Holiday Rush and Beyond: Six Benefits that Keep Restaurant Teams Engaged

Modern Restaurant Management

Instead of cash alone, consider giving the choice of a memorable experience, such as a gift certificate. Beyond just a single event, team-building activities can be built in, occurring monthly or quarterly to continually remind them that their efforts don't go unnoticed.

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Restaurant Cash Flow Management 101: Building Good Financial Habits

ChowNow

Whether you’re a roadside fruit stand or a Michelin star restaurant, cash flow management is crucial. And there’s more to restaurant cash management than simply bringing in more money to cover expenses. What is Cash Flow? Cash flow is the net amount of money moving in and out of your restaurant.

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Top Tips to Show Appreciation for Your Employees This Year

Modern Restaurant Management

These platforms utilize point systems and integrations with communications platforms to make it easy for managers and fellow employees to give out kudos. There are two types of bonuses: cash or non-cash. A cash bonus is simply a sum of cash awarded to an employee for superior performance. The Takeaway.

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Stop Fumbling Over Cash on Super Bowl Sunday: Key Considerations to Keep Cash Safe

Modern Restaurant Management

Events like the Super Bowl bring an influx of cash to establishments of all sizes, some of which might not have the right cash logistics system in place. When managing an influx of cash, there is an increased chance of risks for cash mismanagement. Cash Reporting and Reconcilement. Drawer Drop Off.

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Best Practices for Holiday Security in Restaurants and Bars

Goliath Consulting

Upgrade Surveillance and Monitoring Verify that all security cameras are operational and strategically placed to cover entrances, exits, cash registers, and storage areas. Schedule additional staff to manage the flow of patrons and address issues promptly. Their visible presence also reassures customers and employees alike.

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Don’t Get Burned By The IRS – Tax Tips for Restaurant Owners

Modern Restaurant Management

By the time you manage inventory, staffing, customer demand and narrow profit margins, the last thing you want to think about is the IRS. Restaurants, like other cash-intensive businesses, are a frequently targeted for audits by the IRS. Operating a restaurant is not easy. This allows the auditor to verify the expenses.

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Keeping Track of Your Cash During One of the Biggest Weekends of the Year

Modern Restaurant Management

Every establishment can and should take advantage of the increase in activity that events like championship games bring, however there are many additional considerations outside of ensuring you’re staffed properly and your customers are happy.