This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Running a successful restaurant isn’t just about great food and service—it’s also about smart financial management. Restaurant accounting tips plays a crucial role in tracking expenses, managingcash flow, and maximizing profitability. You cannot manage your restaurant properly without going into the accounting details.
Unlike traditional setups, these systems provide real-time access to data, seamless updates, and remote management—making them ideal for today’s fast-paced food service environment. In this post, we’ll explore why SaaS POS is not just a trend but the future of restaurant management.
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news of dramatic Valentine's Day shift, best food scenes, and the evolution of c-store foodservice. Food-away-from-home spending is likely to see modest growth as softer consumer spending patterns prevail. percent in December and 11.3
From faster service to real-time inventory tracking, modern restaurants need more than just a cash registerthey need a system that adapts to their workflow. Here’s how: Manage orders seamlessly : Handle dine-in, takeout, and delivery orders without chaos. Running a restaurant is hard – but Lavu POS makes it easier.
Owning any business is a complicated venture, but the food industry is particularly competitive. Foodtrucks are becoming an increasingly trendy way to sell food, and for good reason. By managing to successfully run a foodtruck, you cut a lot of maintenance, utility, and wage expenses that come with owning a restaurant.
Modern Restaurat Management (MRM) magazine is collaborating with the team at MarketScale on The Main Course , a podcast that aims to explore the intense and competitive modern restaurant industry. "We Barbara Castiglia , MODERATOR – Modern Restaurant Management. US Foods Ghost Kitchens. US Foods Holding Corp.
The cost of goods sold (COGS) is a restaurant metric that shows you the cost of all ingredients used to prepare a menu item, including the food, beverage costs, and other direct expenses. COGS can be expressed as a percentage of your sales, often referred to as the COGS ratio. What is cost of goods sold (COGS)?
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. How To Create A Business Budget.
Hours-late delivery trucks that are making you bite through the side of your desk because all your steaks are in them… But there you are, as cool as a cucumber, solving problems on the fly. And ready to tear down those mounting food costs to shreds. Rebates from one supplier. Bulk order discounts from another. Ready to dive in?
Understanding Restaurant Management Software. Among the technology offered today is restaurant management software. . If you’re in the beginning stages of looking for a restaurant management system , you might have multiple questions or concerns. Why do you need restaurant management software?
A Guide to a Restaurant’s Ideal Profit Margin for Food . Ideal Profit Margin for Food . The food business is notoriously tough. A Guide to a Restaurant’s Ideal Profit Margin for Food . 30% food costs . FoodTrucks . 30% labor . 30% overhead expenses . 10% profit .
POS hardware refers to the physical components of the system – the parts of the system you can see and touch. A POS terminal is the electronic device that your POS software runs on and features a digital interface that staff can use to manage transactions. Cash Drawer. Thermal Printers.
The upgrade solution lies in restaurant management software that streamlines routine invoice processing, replaces repetitive manual data entry and integrates with other systems like a POS system and accounting. With a restaurant management system, instead of guessing how your business is doing, you get a precise picture each day.
And for those who do show up in-person at a quick-serve restaurant , they're paying in cash less than one-third of the time. Here's a comprehensive list of creative tip jar ideas, examples, and best practices to try out in your restaurant, coffee shop, or foodtruck. Cash Tip Jar Ideas. Cash Tip Jar Ideas.
in a management role at the Officers’ Club. He began his life-long career in the hospitality business at the food service division of Stouffer in Newark, N.J., and joined the Marriott Corporation in 1965 to help launch its fast-food division, beginning with Hot Shoppes Jr., He married Lorraine Pietryka on Aug. Sedgwick St.,
POS stands for point of sale, and it refers to the transactional moments when a guest orders and pays for their meal. Plenty of places continue to make do with the cash-only, pen-and-paper systems that restaurants have relied on for years. Foodtrucks. You can use a POS system to create many reports.
Provisioning, or seasonal pantry stocking with shelf-stable dry goods, is a deeply embedded part of the state’s food culture. When you move to a rural place like Bettles, it fundamentally changes the way you think about how to procure food and how to create a community in which to share it. And we would hardly ever be eating alone.
Instead of becoming “the owner” I gave myself six jobs instead: Chef, General Manager, bookkeeper, HR Director, Chief Marketing Officer, maintenance man, and Beverage Director. Peter was a well-known and highly respected local businessman who built his fortune (around $65M) from his fire truck company.
We organize all of the trending information in your field so you don't have to. Join 49,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content