Restaurant365

MARCH 10, 2020

When you think of your restaurant finances, do you think of your inventory? Your restaurant inventory management is an oft-forgotten component of your finances, but the amount of product you have on hand represents a large part of your budget. What is Restaurant Inventory Management? Sitting Inventory.

Inventory 78

Inventory Management Management Waste 78

Restaurant365

NOVEMBER 18, 2021

From hiring and onboarding to running employee payments and paying taxes, payroll touches on many different parts of a restaurant business. Your restaurant’s two largest expenses are your food and your labor costs (together, known as your prime cost). You order time in your scheduling system.

Employee Relations 148

Employee Relations Cash Management Point of Sale Front of House 148

Lavu

DECEMBER 12, 2022

List all the cash that’s going out each week and each month, including: Rent, loans, or mortgage payments Food and drink ingredients Labor costs Supplies An essential tool for monitoring cash coming in and out of your business is a point-of-sale (POS) system. It’s important that your food and labor costs are covered despite cancellations.

Cash Management 78

Cash Management Management Management Point of Sale 78

Modern Restaurant Management

MAY 14, 2021

They are looking to hire 10,000 new employees over the next three months. "We're looking for people who are authentic, passionate and want to help cultivate a better world through real food and real personal development." Applebees is also hoping the lure of free food will be a draw for potential employees.

Hiring 169

Hiring Employee Relations Recruiting Education 169

Restaurant365

DECEMBER 11, 2020

operators, mostly sales) minus your cash outflows (your operating costs, like food and drink, payroll, rent, etc.) Your Cost of Goods Sold (CoGS) is the total cost of your food and beverage ingredients over a specific period of time. Compare actual vs. theoretical food costs to optimize spending. over a certain period of time.

2021 136

2021 Cash Management Management Management 136

Restaurant365

JULY 24, 2020

Shelter-in-place orders, dine-in restrictions and diners’ hesitation to eat out have combined to prompt restaurants to shift their focus to takeout and delivery. Increased demand for food delivery had already boosted the growth of ghost kitchens, and the COVID-19 pandemic has escalated both the popularity and profitability of the model.

Front of House 147

Front of House Online Ordering Kitchen Safety Customer Service 147

Restaurant365

SEPTEMBER 23, 2021

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. Between inventory, sales, and other data points like labor, restaurants generate an enormous amount of data. Restaurant accounting cycles.

Cash Management 147

Cash Management Point of Sale POS Inventory 147

Restaurant365

OCTOBER 30, 2020

It touches everything that is critical to the restaurant running smoothly, from how you schedule your staff to properly managing your inventory. Daily issues with your inventory control can lead to food waste levels that skew your monthly margins. Manage Restaurant Food Inventory. Reduce Your Food Cost.

Operations 78

Operations Management Management Inventory 78

Restaurant365

OCTOBER 8, 2020

Retaining employees after natural disasters and other events. Many businesses that have been severely impacted by COVID-19 qualify for new employer tax credits – the Employee Retention Credit (ERC) – under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Employee Retention Credit.

Hiring 78

Hiring Employee Relations 2020 2018 78

Restaurant365

JUNE 24, 2020

Understanding how to decrease controllable costs – food and labor are the big two — helps you drive operational improvements that can increase your financial outcome. An advanced, restaurant-specific inventory management system can identify pricing errors. Compare actual vs. theoretical food costs to optimize spending.

Point of Sale 78

Point of Sale POS Inventory Employee Relations 78

Lavu

DECEMBER 12, 2022

For example, an iPad point-of-sale system can track employee shifts and schedule like a legacy point-of-sale system, but also allow those schedules to be updated from multiple terminals and locations in real-time. Request a demo of Lavu’s iPad POS system. Request a demo of Lavu’s iPad POS system.

POS 60

POS Point of Sale Mobile Ordering Cash Management 60

Mad Mobile

FEBRUARY 29, 2024

A good POS system can help you keep your customers and employees happy with speedy, accurate service. Restaurant POS systems rely on table-side ordering directly communicating from the server to the kitchen and bar. During peak service, they don’t have to wait to get their orders in the queue.

POS 40

POS Bar Brewery Customer Service 40

Restaurant365

DECEMBER 20, 2021

For instance, by leveraging restaurant-specific software that integrates with your point of sale (POS) system, you can ensure all managers and above have access to robust data about sales, labor, and food costs. Your food cost or cost of goods sold (CoGS) may be increasing due to inflation and supply chain disruptions.

Operations 78

Operations Leadership Point of Sale Cash Management 78

Restaurant365

JANUARY 5, 2021

Additionally, businesses applying for a PPP loan can also apply for Employee Retention Tax Credits (ERTC), if the credits are not applicable to wages paid with forgiven PPP loan funds. Expands PPP allowable and forgivable expenses to include supplier costs on existing contracts and purchase orders. Good news for restaurants.

Insurance 148

Insurance Small Business Employee Relations 2021 148

Restaurant365

JULY 29, 2021

However, many CFOs are still facing uncertainty, particularly from pandemic-related complications that are still challenging operations and restaurant profitability. Use of automation and self-service for both in-store ordering and drive-thrus. Few areas of restaurant operations were immune from changes.

Cash Management 78

Cash Management Point of Sale Inventory 2021 78

Restaurant365

MAY 27, 2021

Your biggest restaurant expenses—food and labor costs—make up your prime cost. As a refresher, your prime cost is your food costs and your people costs (otherwise known as Cost of Goods Sold and your labor costs) over a certain period. Forecast your labor and inventory. How to calculate restaurant prime cost.

Point of Sale 78

Point of Sale Inventory Waste Food Order 78

Restaurant365

AUGUST 25, 2020

Too much inventory. Your variable costs include expenses such as sales tax, payroll, and food costs. Food and beverage costs. Keep Inventory Low. it’s a good time to start trimming fat from inventory. By minimizing your menu you can limit the amount of inventory you need to order each week.

Cash Management 97

Cash Management Seasonal Menu Inventory Email Marketing 97

Restaurant365

JULY 8, 2021

For instance, the increase in customer expectations for convenience or the rise of online ordering for takeout or delivery already existed before the pandemic. Restaurants had to change business models, pivoting to a larger focus on takeout food and food delivery. Is off-premise dining here to stay? Track Your Labor Costs.

Point of Sale 78

Point of Sale FOH Fine Dining Online Ordering 78

Restaurant365

JANUARY 4, 2022

Restaurant inventory management plays a key role in overcoming the rising cost of food. Logistics challenges and labor shortages have fueled rising wholesale food prices. Prices have increased in the food sector for some time with ingredient values above levels for the same time last year. Food-grade oak flakes – 61%.

Inventory 15

Inventory Management Management Food 15

Restaurant365

OCTOBER 14, 2020

Prime cost is made up of the cost of goods sold, or CoGS (the food and beverage inventory you purchase to make the menu items you sell) and your labor costs (the staff you need to run your business). Besides the cost of food and labor, there are many other operating expenses required to run your restaurant.

Point of Sale 78

Point of Sale Email Marketing Cash Management Advertising 78

Xtra Chef

DECEMBER 2, 2020

Restaurant inventory management with Excel takes too time and can lose you money. Inventory management with Excel in restaurants is a common food cost control method that helps you order the right amount of food at the right time to minimize waste, reduce food costs, and maximize profits.

Inventory 91

Inventory Management Management Cash Management 91

Restaurant365

FEBRUARY 22, 2022

There’s sales and customer data, labor performance data, and even data telling you how much food you waste. Analyzing your restaurant data to get a detailed look at your profitability, food costs, and labor costs can drive strategic decisions and improve your bottom line. Reduce Food Loss. Improve Margins on Menu Items.

Point of Sale 147

Point of Sale POS Inventory Seasonal Menu 147

Modern Restaurant Management

AUGUST 5, 2020

in-restaurant dining and online ordering for pickup or delivery), which can be leveraged to drive highly customized campaigns using a built-in marketing solution. General Mills Foodservice' s Neighborhood to Nation Restaurant Recipe Contest will award $100,000 to restaurants and food trucks nationwide.

Food Safety 210

Food Safety Mobile Ordering Online Ordering Kitchen Safety 210

Margin Edge

SEPTEMBER 23, 2019

Operating a profitable restaurant is difficult without an accurate grasp of your ingredient usage and how it contributes to your overall food cost. Keeping tabs on your ingredient usage, in turn, is difficult without control of your inventory. Good Inventories Are a Practical Necessity. Define Your Ideal Inventory Cycle.

Inventory 45

Inventory Employee Relations Food Order Waste 45

Restaurant365

MAY 25, 2022

The Great Resignation , food inflation , supply chain shortages, and more have caused automation to become a major advantage in streamlining operations for restaurant operators. Order and pay for food or beverages using a computer tablet at the table: 67%. Order and pay for food or beverages using a smartphone app: 64%.

Technology 78

Technology Mobile Ordering Social Media Online Ordering 78

Restaurant365

FEBRUARY 18, 2022

Between self-service, order management, home delivery options, and futuristic robotic servers, there’s no shortage of great ideas for boosting front-of-house productivity. With ongoing employee crisis, restaurants must get their staffing levels to balance service delivery with fiscal responsibility. Balancing staffing needs.

Technology 78

Technology Dietary Restrictions Back of House Front of House 78

Xtra Chef

DECEMBER 11, 2019

The purpose is to help teams to better understand how accounting relates to the business of running a successful restaurant. This action could involve reducing your monthly expenses—maybe by finding a new food supplier—increasing sales through a special promotion, or finding external financing for a cash injection. Improve budgeting.

Cash Management 90

Cash Management Point of Sale Tip Distribution Inventory 90

Apicbase

SEPTEMBER 16, 2022

How do they relate to each other? On the back-of-house side of things, we have inventory, purchasing, and menu profitability reports. Or that your food cost is 32% in this one outlet and 36% in other nearby outlets. This ensures low inventory variance and eliminates the cost of frequent outlet-to-outlet transfers.

POS 52

POS Operations Back of House FOH 52

Restaurant365

MAY 14, 2021

As a store-level restaurant manager, you’re used to managing your inventory. You consistently track what’s going in and out of your kitchen so that you can better understand how your inventory is moving and where you can make improvements. First, prime cost represents your two biggest overall costs, food and labor.

Management 78

Management Management Point of Sale Inventory 78

Restaurant365

JANUARY 26, 2021

Regarding using all PPP1 funds, do these funds have to be in relation to the 24-week covered forgiveness period or can we use PPP1 funds for eligible expenses after our covered period? In regard to calculating full-time employees (FTE) for 2019, would we the average monthly FTE for the 12 months and then take the 2019 average?

Operations 78

Operations Employee Relations 2020 2021 78

Apicbase

APRIL 20, 2022

Verify that both customers and employees understand your brand concept. Guests expect your food to taste the same, no matter which location they visit or order from. So take the time to optimise your workflows, implement solid protocols and map out your food and beverage tech strategy before you start to look for investors.

Franchise 52

Franchise Franchising Cash Management Kitchen Safety 52

Restaurant365

FEBRUARY 24, 2021

it is difficult to take advantage of advanced restaurant management tools such as inventory or sales forecasting to continue growing your business. The restaurant industry faces unique challenges, from a highly perishable inventory to management of hourly employee payroll. Are intercompany entries automated?

Inventory 78

Inventory Point of Sale POS Franchise 78

Restaurant365

NOVEMBER 21, 2019

At any of the four locations of The Boathouse, you’ll enjoy one of the finest culinary dining experiences the area has to offer, with authentic, locally sourced food, such as famous crab cakes perfected over three decades. The solution offers not just accounting but inventory management and scheduling as well.

Food 15

Food Demo Point of Sale Pricing 15