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How to Manage Cash Flow During Restaurant Restrictions

Restaurant365

Tracking and understanding your restaurant’s cash flow is essential, whether business is booming, or times are tough. A healthy, positive cash flow is necessary to pay your bills and grow sales. Monitoring your cash flow is more important than ever during the COVID-19 outbreak. How to calculate restaurant cash flow.

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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. Merchandise and Prizes.

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How to Avoid the Top Seven Restaurant Inventory Management Mistakes

Modern Restaurant Management

Inefficient restaurant inventory management practices, improper storage, gaps in inventory logs, theft, and waste can cause even the most successful kitchens to struggle or fail. Below are the top seven inventory management mistakes restaurants are making, and how to correct them. Always date and label everything.

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The Top 5 Restaurant Inventory Management Mistakes and How to Avoid Them

Restaurant365

With food costs running at approximately 30% or higher, learning importance of inventory management and how to prevent common mistakes is critical in successfully driving down costs and maximizing profits. Use a budget system to ensure you are proactively managing your spending. Manage inventory levels. Mistake #2. Mistake #3.

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How to keep your food business going during the COVID-19 / corona crisis

Deliverect

This solution pushes your delivery orders to your point-of-sale system, so you can easily manage your online sales channels. When handling cash payments - which you should try to avoid as much as you can - wear disposable gloves. …. It can also be challenging to manage cancelled reservations. Do a “spring cleaning”.

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How the Best Mobile POS System Can Help Grow Your Retail Business

BNG Point of Sale

When you think of a point of sale POS system in retail, a cash register likely comes to mind. A similar tool not only rings up merchandise, it improves sales, service, and the way your business functions. Let’s take a closer look at its benefits: Smartphones and Portable Devices Lighten the Load on Your Cash Register.

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Top Restaurant POS Features To Look For In 2023

The Restaurant Times

But as cloud technology developed, the basic POS system transformed into a full-fledged restaurant management system. Accessible POS Hardware Restaurateurs are abandoning traditional cash registers in favor of more mobile, flexible, and sophisticated registers.

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