Lavu

JULY 4, 2025

From managing orders and tracking inventory to analyzing sales data in real time, today’s POS systems are essential tools for restaurants of all sizes. Historically, cash registers in restaurants served one purpose. They managed customer payment and provided change when needed. Chefs are limited in what they can prepare.

POS

Paper Chase Accountancy

JUNE 16, 2025

These ratios provide valuable insights into operational efficiency, cost management, and overall profitability. Core Profitability Ratios for Restaurant Owners In the realm of restaurant management, understanding core profitability ratios is crucial. Implement effective inventory management. Let’s explore this further.

Hotels

Paper Chase Accountancy

JUNE 16, 2025

These ratios provide valuable insights into operational efficiency, cost management, and overall profitability. Core Profitability Ratios for Restaurant Owners In the realm of restaurant management, understanding core profitability ratios is crucial. Implement effective inventory management. Let’s explore this further.

Hotels

Paper Chase Accountancy

JUNE 23, 2025

It’s not just about hiring someone who’s good with numbers, but finding a professional who understands the unique financial challenges and complexities of the hospitality industry. Key Takeaways Evaluate potential accountants for their expertise in restaurant-specific financial management and industry regulations.

Cash Management

Lavu

JUNE 6, 2025

This guide breaks down 28 proven strategies that help cut unnecessary expenses, streamline operations, and boost profitability—whether you manage a small café or a multi-location chain. Discovering new ways to reduce costs in restaurant management can boost profits. Let’s dive into what really works in today’s competitive landscape.

Loyalty Program

Modern Restaurant Management

MARCH 11, 2025

Even though local and state orders prohibiting or severely restricting restaurants’ ability to serve customers and generate and revenue, standard business liability policies did not provide coverage, and many policies had a pandemic exclusion. Restaurants have had to rethink hiring, wages, and benefits to attract and retain talent.

Mobile Ordering

Paper Chase Accountancy

JULY 24, 2025

These books aid in tracking sales, managing payroll, and handling expenses accurately. Why Restaurant Accounting Books Are Essential in Daily Operations While it may not be immediately apparent, restaurant accounting books play a crucial role in daily operations, serving as an indispensable tool in the effective management of finances.

Book

Paper Chase Accountancy

MAY 26, 2025

Like a master chef expertly balancing flavors in a gourmet dish, a hospitality CFO consultant skillfully manages a company’s financial health, ensuring long-term viability and growth. Hospitality accounting, managed by a competent restaurant accountant, forms the financial backbone of these establishments.

Hospitality

Paper Chase Accountancy

MAY 21, 2025

They require specialized support that understands the intricacies of fluctuating revenues, high labor costs, and complex inventory management. This volatility makes accurate forecasting and consistent cash flow management incredibly challenging.

Hospitality

Paper Chase Accountancy

MAY 30, 2025

Sample Bookkeeping for Restaurants and Bars: In the hospitality industry without precise record-keeping, even the most successful establishments can find themselves adrift, struggling with cash flow, compliance, and ultimately, profitability. Bookkeeping is the often-unsung hero, forming the bedrock of smart financial management.

Bar

Rocket Fuel

NOVEMBER 13, 2024

But it does serve the same purpose for many restaurant employees. EWA is a significant advantage for restaurant owners According to two different studies cited by payroll and POS provider Toast , offering EWA to employees can nearly double the applicant pool and increase hiring speed.

Employee Relations

Paper Chase Accountancy

MAY 23, 2025

Like the navigators of ancient mariners’ ships, hospitality accountants in London are the unseen heroes guiding hotels and restaurants through the tumultuous seas of financial management. Whether it’s about managing cash flows, minimizing tax liabilities, or making profitable investment decisions, their role is indispensable.

Hotels

Paper Chase Accountancy

JUNE 6, 2025

Specialized accounting services provide valuable insights into food cost analysis, inventory management, and daily sales tracking. Overview of Bookkeeping Services in Dubai for Restaurants In the bustling culinary scene of Dubai, bookkeeping services play an essential role in managing the financial health of restaurants.

Cash Management

Perfect Daily Grind

JUNE 6, 2025

One internal and one external hire will spotlight between ten and 15 global locations, including the chain’s farms in Costa Rica, as Starbucks seeks to engage with Gen Z. Kansas City, US) Thu, 5, Jun – Löfbergs appoints Henrik Biilmann as Managing Director of Peter Larsen Kaffe.

2025

Paper Chase Accountancy

JULY 7, 2025

Consider a bustling restaurant, ‘Culinary Delights’, that, despite its popularity, had to shut its doors due to poor financial management. Key Takeaways The right bookkeeping service optimizes financial management, potentially increasing annual profits by 20% in restaurants. Let’s dive into this critical discussion.

Cash Management

Paper Chase Accountancy

JULY 21, 2025

These specialized accounting methods can simplify financial management in hospitality businesses, from small cafes to large resort chains. Key Takeaways Hospitality accounting solutions streamline financial management and ensure regulatory compliance, vital for growth in the industry.

Hospitality

Lavu

JUNE 13, 2025

Running a successful bar isn’t just about great drinks—it’s about the people who serve them. A great bartender or bar manager is born with a natural affinity for connecting with people and flair. Make sure you know what the bar serves and why. Learn how to handle cash and be comfortable with cash.

Training

Modern Restaurant Management

NOVEMBER 27, 2024

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news of Drinksgiving and Thanksgiving trends, FSR challenges, and "out-of-the-box" dining habits. Tech Adoption 65 percent of restaurants adopted new technology to manage labor, though 27 percent still use manual scheduling.

2025

SpotOn

JULY 15, 2025

  Build useful life skills: Bartending gives you valuable soft skills, like knowing how to multitask under pressure, handling conflict, and reading people, that will serve you well long after you stop bartending.  The cons: Like all jobs, serving people alcoholic beverages night after night has its downsides.

Front of House

Paper Chase Accountancy

JULY 3, 2025

There’s an undeniable significance in meticulous financial management, especially in the restaurant industry. These professionals also help in planning budgets, managing cash flow, and making critical financial decisions. The role of a restaurant accountant in London extends beyond just balancing the books.

Cash Management

Paper Chase Accountancy

JULY 18, 2025

It’s worth noting that roughly 30% of small businesses in Los Angeles fail due to poor financial management. Accurate bookkeeping enhances decision-making, ensures compliance, improves financial management, and helps detect irregularities, thereby preventing fraud. Learn more about our Accounting Services !

Management

7 Shifts

APRIL 23, 2021

As we start to welcome back workers, doing things as they were before isn't going to work—especially in hiring. That all begins at the hiring level. The past year has turned servers into expert delivery packers, challenge chefs' creativity, and flipped the role of a restaurant manager on its head. Writing a good job description.

Hiring

ChowNow

AUGUST 19, 2024

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.

Cash Management

Modern Restaurant Management

DECEMBER 30, 2022

Restaurants, like California’s Squeeze-In , have adopted Yelp Kiosk for a self-serve waitlist feature for customers, allowing walk-in customers to add themselves to the digital waitlist, view live wait times and receive “table ready” notifications.” Redefining the Role of the Manager. Simplicity Is Key.

Technology

Modern Restaurant Management

AUGUST 16, 2021

Looking back on my last few articles, I have focused on facts, on technology and on the hard time that we are all having hiring staff. The common thread is that each story is about incredible staff and great managers and that, together, they support each other inside and outside of the restaurant. Caring Managers.

Front of House

Modern Restaurant Management

OCTOBER 8, 2024

Restaurant operators have long grappled with the question, "Should I hire for soft or hard skills?" If I had to choose between hiring someone for their technical knowledge or interpersonal skills, I would choose the latter every single time. " and for good reason. Spoiler alert: It’s not hard skills.

Hiring

Modern Restaurant Management

MAY 21, 2020

Identify your most well-received dishes and continue to serve them. For their safety and convenience, enable delivery and payment services that allow customers to pay without cash, as well as choose when and how their order should be delivered. Hire Specialists. Instead, you can reach a compromise in your menu.

Social Media

Modern Restaurant Management

SEPTEMBER 14, 2022

AI can assist restaurants in optimizing how they manage and operate menus to increase margins. Control Costs : With automated table reservations to take orders on mobile devices, AI in restaurants can help the owners save money on hiring more staff. But they have tons of cash to burn on such gimmicks, right?

Front of House

Culinary Cues

DECEMBER 30, 2019

In all cases they begin with the same goals: prepare and serve great products that are consistent and offered with a smile, build success on a steady flow of sales and controlled profitability, and do all of this with pride. Ignore them and they will find someone else to pay attention. [] CONFUSING LEADERSHIP AND MANAGEMENT.

Cash Management

Culinary Cues

AUGUST 22, 2022

There were no sophisticated profit and loss statements or cash flow charts, no point-of-sale systems or computer analytics to pour over and make decisions by; these were not the type of operations that required that level of analysis. This was a lean, fine-tuned machine that worked from the premise of being manageable and comfortable.

Seating

Modern Restaurant Management

JANUARY 28, 2021

Owners and managers can struggle with keeping their teams accountable and up the standards they expect. The tone you set from the interview and throughout training will dictate the level of dedication your new hire provides. Restaurant owners and managers spend time out of the kitchen doing paperwork and administrative work.

Cash Management

7 Shifts

AUGUST 2, 2024

By tracking metrics like customer retention and employee turnover rate, contribution margin, and menu item profitability, restaurant managers can identify each area’s strengths and what areas need improvement. Table turnover rate The table turnover rate refers to the number of times you have served new customers at the same table.

Point of Sale

7 Shifts

AUGUST 18, 2024

Specialty bars focus on a particular type of drink or theme, such as wine bars or cigar bars, but can be much more expensive to manage. Hiring a Strong Team You'll need a manager, bartenders, waiters, and security. Hiring tips When hiring for a bar, there are certain qualities that you should look for in an employee.

Bar

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. The bites will also be served with the option of twelve different dips, along with regular or sweet potato Tyga Tots, chocolate chip cookies, and beverages.

Food Safety

Modern Restaurant Management

DECEMBER 14, 2021

As it relates to the labor crunch, we’re seeing in restaurant brands across the board: An impact in top-line revenue because customers aren't being served. A drop in employee retention & difficulty in hiring. Rick Camac, Dean of Restaurant & Hospitality Management at the Institute of Culinary Education.

2022

7 Shifts

OCTOBER 31, 2022

The management team. This section gives a high-level overview of the business you're looking to start: tell investors what your restaurant is all about, who your team is, and how you're going to serve the market. Some mission statements are short and to the point, like Ninety Nine's (“A Passion to Serve”). Management team.

Point of Sale

7 Shifts

SEPTEMBER 10, 2021

It also eliminates some of the downsides of tipping like inconsistent wages, an emphasis on “good tables,” and an individual mentality among serving staff. Tips are a huge part of restaurant compensation and tip pooling is often so complex it becomes a part-time job worth of work for managers. Table of Contents. What is tip pooling?

Tip Distribution