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

Modern Restaurant Management

JANUARY 8, 2024

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits.

2024 215

2024 Loyalty Program Cash Management Customer Experience 215

Focus POS

DECEMBER 8, 2021

During a “normal” year, restaurant owners and operators face issues such as cash flow and capital, inventory management, hiring and training and providing excellent customer service. As far as restaurant challenges go, inventory mistakes can be some of the costliest. Contact us to learn more.

Mobile Ordering 148

Mobile Ordering Point of Sale Cash Management Food Supply 148

Restaurant365

SEPTEMBER 23, 2021

Whether you’re a bookkeeper, accountant, restaurant owner, or store-level manager, understanding the basics of accounting can pay dividends for your business. Healthy accounting procedures for restaurants can help you manage food and labor costs, understand your profits and losses, and make strategic decisions about expenses and investments.

Cash Management 147

Cash Management Point of Sale POS Inventory 147

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

Xtra Chef

SEPTEMBER 14, 2020

This product release includes the debut of Waste Tracking for Inventory Management users, updates to xtraCASH and Sync, and some new features to look for in the Vendor Hub and Purchasing & Ordering Management. Inventory Management users, meet Waste Tracking! Misfired item from chef?),

Waste 88

Waste Cash Management Online Ordering Inventory 88

Restaurant365

AUGUST 25, 2020

Comprehending your restaurant cash flow is essential to running your restaurant business. Cash flow refers to the amount of cash coming into your restaurant minus the amount of cash going out on a daily, weekly or monthly basis. Common factors that cause cash flow issues. Too much inventory.

Cash Management 97

Cash Management Seasonal Menu Inventory Email Marketing 97

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

Restaurant365

SEPTEMBER 3, 2021

Restaurant owners, operators, and managers are constantly faced with decisions about accounting, operations, inventory, customer service, and staffing. To keep up in a fast-paced industry, restaurants might consider adding a new role, commonly called “profitability strategist,” to the management team.

Waste 78

Waste Cash Management Point of Sale Inventory 78

Lavu

JANUARY 21, 2020

It is the system that takes care of your financial information and ensures that you are making enough revenue to cover your expenses. 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.

Cash Management 78

Cash Management Point of Sale Inventory Information 78

Lavu

MARCH 2, 2020

Restaurant analytics and reporting involve the collection and analysis of information from all aspects of the business and its performance. Doing so helps managers and restaurant owners to make informed decisions and implement profitable strategies. You could have an analytics app that keeps track of your beverage inventory.

Cash Management 78

Cash Management Point of Sale Front of House Inventory 78

Restaurant365

JUNE 9, 2020

By generating a budget for your controllable costs , you can create a clearer path for your cash to move. Assessing this movement by ensuring that the budget is maintained and that invoices are entered daily will help you better manage your cash flow each month. Manage your cash flow. One of these costs is labor.

Cash Management 97

Cash Management Management Management Small Business 97

Restaurant365

NOVEMBER 20, 2020

After implementing weekly inventories, Eli’s was generating the data needed to monitor whether menu items were priced correctly. “To be able to have that information at our fingertips has definitely allowed us to be a lot more fluid with the research and the decision-making process,” he added.

Demo 148

Demo Point of Sale Cash Management Waste 148

Restaurant365

FEBRUARY 6, 2020

Add the unique features of the restaurant industry, from short-lived inventory to payroll including wages and tips, and bookkeeping becomes a fast-changing, time-consuming challenge. However, being able to easily access sales, inventory, and labor data allows you to quickly make informed decisions.

Point of Sale 138

Point of Sale Inventory POS Cash Management 138

Hot Schedules

NOVEMBER 26, 2019

They take the form of wasted time, effort and cash, and cause havoc and frustration for your employees and guests alike. Plus, manual back-ups and lost information, buried notices and wasted paper. . The Busywork Beast has the power to trap your managers in its Back-office Lair. Want to fight the good fight?

Cash Management 78

Cash Management Allergens Front of House Back of House 78

Apicbase

MARCH 3, 2023

These back-of-house software systems have become indispensable for modern restaurants because they enhance profitability and simplify work for restaurant managers and kitchen staff. Chief among these restaurant management systems is a F&B management platform such as Apicbase. Let’s find out how.

Point of Sale 52

Point of Sale POS Management Management 52

Restaurant365

FEBRUARY 8, 2022

Forecasting implications affect inventory and labor spending, so you must forecast to accurately predict what your labor cost is going to be and what your restaurant inventories are going to look like. It provides your managers with the data they need to help run the business. Store-level manager accountability.

2022 78

2022 Cash Management Point of Sale Inventory 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

Hot Schedules

JANUARY 8, 2020

Find out how you can defeat the Rogue Spender and hang on to your cash. They take the form of wasted time, effort and cash, and cause havoc and frustration for your employees and guests alike. Where there are savings to be had, the Rogue Spender rolls in to keep you from hanging on to your hard-earned cash. SAVE THE DAY!

Cash Management 78

Cash Management Allergens Employee Relations Download 78

Hot Schedules

MAY 25, 2021

Software Engineering Manager. Software Engineering Manager. Our Inventory solution provides restaurants with the ability to perform inventory counts efficiently and accurately. Chad Marais. Chad is a long-lasting partner of Fourth, supporting the solution and leading one of the engineering teams in South Africa.

Cash Management 148

Cash Management Customer Service Customer Experience Sports 148

The Restaurant Times

AUGUST 5, 2022

Successful restaurant accounting can help in efficient cash management, balancing financial books, optimizing costs, and overall business planning. Informed Decision-Making. You can easily calculate the COGS for the week by subtracting the inventory at the end of the week from the beginning inventory.

Cash Management 52

Cash Management Point of Sale Inventory Employee Relations 52

Deliverect

JULY 24, 2020

Is it limited to taking payments and orders, or does it also provide inventory management, a reservations system, kitchen and shift management tools? It’s becoming increasingly important to have a system in place to handle delivery orders and manage the driver or customer pick-up process. Inventory management tools.

Technology 110

Technology Mobile Ordering Front of House Online Ordering 110

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 Franchise 113

Restaurant365

FEBRUARY 19, 2020

For example, restaurants tend to have a large, fast-changing inventory with a limited shelf life, which affects food cost calculations. In order to meet slim margins, restaurant accounting needs to meet high standards for accurate labor and inventory metrics. The restaurant industry has unique qualities and business structures.

Point of Sale 120

Point of Sale Cash Management Inventory Consumer Goods 120

BNG Point of Sale

OCTOBER 13, 2021

To be successful, a convenience store business owner must closely monitor operational errors, waste of business hours, and business losses. A POS system for convenience stores is an invaluable asset and one of the most important business management tools for convenience store managers. Cash drawer. Keyboard and mouse.

POS 52

POS Cash Management Point of Sale Equipment 52

BNG Point of Sale

DECEMBER 6, 2021

By utilizing a user-friendly POS solution, all restaurant staff can benefit from streamlined order management and customer service to ensure optimal productivity throughout the entire organization. Improved financial reporting: Your POS system can make it easier for you to report financial information, which is a win-win situation.

Point of Sale 52

Point of Sale POS Cash Management Front of House 52

Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. To reduce friction and allow multitasking, a KDS should speak to the chef rather than display information on its screen. " – John Oakes, Revenue Management Solutions CEO.

2023 197

2023 Loyalty Program Mobile Ordering Customer Experience 197

Lavu

JANUARY 3, 2020

EBITDA shows the earning power of the business based on its cash flow. EBITDA subtracts all non-cash items. Some of the items excluded in Adjusted EBITDA include non-cash items, unrealized gains and losses, one-time gains and losses, non-operating income, and litigation expenses. . What is adjusted EBITDA?

Cash Management 80

Cash Management Point of Sale Seasonal Menu Inventory 80

Open for Business

OCTOBER 20, 2023

Knowing your audience will inform your menu, but more importantly, your restaurant’s overall vibe and service style. Business plan Once you’ve gathered all the necessary information, it’s time to put it into a business plan. Craft a comprehensive financial blueprint to manage your restaurant’s expenses.

License 78

License Email Marketing Seasonal Menu Front of House 78

Lavu

MARCH 13, 2020

The type of diners you receive expect to wait for less, carry less cash, and demand faster service. Checks can be cashed out or rung up right there at the table. As the restaurant owner or manager, it’s your duty to facilitate transparency. The wrong information is written out. Changes to orders can be made in seconds.

FOH 78

FOH Mobile Ordering BOH Front of House 78

Lavu

DECEMBER 6, 2019

Particularly when it comes to restaurant management which requires knowledge of both front of house and back of house needs. Cash registers are not as developed as a POS framework and lack a significant number of the capacities and highlights of a cutting edge system. . Digital inventory tracking. What is an automated scheduler?

Kitchen Safety 78

Kitchen Safety Social Media Point of Sale Front of House 78

Get Beyond

OCTOBER 24, 2023

Eye up your inventory You can’t beat all your sales goals if you don’t have the inventory ready. Check your toolbox Has the shop been operating as cash only? Foster follow-ups If you collected contact information from customers on Small Business Saturday, start drafting a follow-up communication.

Small Business 52

Small Business 2023 Social Media Customer Experience 52

Modern Restaurant Management

DECEMBER 16, 2021

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders for their views on trends. With more options to work outside of the hospitality industry, operators must offer employees more scheduling flexibility, facilitate transparent communication between management and team members, and avoid overworking staff.

2022 180

2022 Food Supply Back of House Kitchen Safety 180

Restaurant365

OCTOBER 14, 2020

Balancing cash flow month to month, let alone year to year, can be difficult for the ever-changing restaurant industry. As a restaurant owner or manager, you can use a budget to understand your income and expenses, and at what levels you will profit, break even, or operate at a loss. And yet, in times of uncertainty, like the COVID-19.

Point of Sale 78

Point of Sale Email Marketing Cash Management Advertising 78

Xtra Chef

JUNE 10, 2020

As a business intelligence platform for restaurants, xtraCHEF exists to empower owners and operators with the data they need to make informed decisions for profitability. Recipe management software] allows us to cross-utilize the things that we do have.”. Utilize software integrations for clean exchange of data.

Back of House 78

Back of House Point of Sale Cash Management Pricing 78

iTab POS

NOVEMBER 8, 2018

When you run a cash-only restaurant, you limit the payment options of your customers, which has a direct effect on your earning potential. By limiting your restaurant to a ‘cash-only’ payment model, you turn away many customers from your doors and effectively miss out on a significant portion of your target market.

Cash Management 40

Cash Management Mobile Ordering POS Point of Sale 40