Cash Management Insurance POS Waste 
7 Shifts
MAY 23, 2024
Managing a restaurant is not for the faint-hearted. You can easily retrieve this data from your POS system. A restaurant budget allows restaurant owners and managers to see directly if they are meeting their income and expense benchmarks. This can reduce your budget for ingredients and, at the same time, minimize food waste.
7 Shifts
JULY 13, 2023
Restaurant transactions have been moving away from cash and towards electronic forms of payment for years—and that's extending to tips now too. Americans who leave their tips digitally tip nearly 15% more than when they tip with cash. However, more digital tips means less cash passing through the restaurant on a daily basis.
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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.
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.
Restaurant365
FEBRUARY 19, 2020
Non-controllable costs, like the fixed costs of rent, insurance, and salaries, are predictable expenses. Occupancy expenses: fixed costs like rent, property taxes, and insurance. The most important integration is between your restaurant accounting system and your Point of Sale (POS) system.
BNG Point of Sale
AUGUST 19, 2021
Occupancy Expenses: These are fixed costs such as real estate (rent, or mortgages and property taxes) insurance, and utilities (I.e., electric and waste removal.) . You get a strong look at the biggest indicators for profit and how those elements are managed. Reduce Food Waste with Tight Inventory .
The Restaurant Times
AUGUST 5, 2022
In fact, accounting software in restaurants has seen a 21 percent rise in popularity since 2018, second only to POS technology and payment processing. Successful restaurant accounting can help in efficient cash management, balancing financial books, optimizing costs, and overall business planning. Automated Inventory Management.
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