Restaurant365

OCTOBER 15, 2021

Because sales and labor needs can change by the hour, day, week, and month, it can be difficult to control your labor budget over time. With the help of actionable data and reporting, store managers can help control labor costs, without negatively impacting the customer experience or employee retention rates. Hourly Employees.

Management 148

Management Management Point of Sale Employee Relations 148

Lavu

MARCH 17, 2025

The food cost formula is a key metric used in the restaurant industry to determine how much a business spends on ingredients compared to its revenue from food sales. Calculating Food Cost Percentage Basic Food Cost Formula To keep your restaurant profitable, you need to know this formula: (Cost of Goods Sold / Total Food Sales) x 100.

Food 78

Food Waste Seasonal Menu Inventory 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. You receive time in your Point of Sale (POS) system. Tracking labor and payroll data for restaurant employees. However, tracking your labor cost is a bit more complicated.

Employee Relations 148

Employee Relations Cash Management Point of Sale Front of House 148

Lavu

JUNE 6, 2025

This calculation involves dividing the cost of food sold by the total food sales and multiplying the result by 100 to get the food cost. Discovering new ways to reduce costs in restaurant management can boost profits. Focusing on making more money is essential to keep your business successful in the long run.

Loyalty Program 78

Loyalty Program Waste Recycling Inventory 78

Restaurant365

AUGUST 19, 2021

Your overall profit margin depends on your sales relative to expenses. And while it is critical to focus on increasing your sales, one of the most important parts of accounting basics is starting with accurate recording of your expenses. Labor costs (employee wages, payroll taxes, employee benefits, etc.).

Inventory 147

Inventory Management Management Employee Relations 147

Restaurant365

FEBRUARY 22, 2022

There’s sales and customer data, labor performance data, and even data telling you how much food you waste. Your restaurant sales data holds the keys to how successful your restaurant group can be, if you use this business intelligence to drive your decisions. Are you using restaurant analytics? Why you should use restaurant analytics.

Point of Sale 147

Point of Sale POS Inventory Seasonal Menu 147

Hot Schedules

MARCH 4, 2021

Labor continues to be the most pressing pain point for operators today. Related Posts. Effective human resources administration is table-stakes for keeping your employees happy and engaged. Get a demo, learn more, or just ask some questions. The Importance of Forecasting Agility in Uncertain Times. read more.

Webinar 134

Webinar Employee Relations Point of Sale Retail 134

Restaurant365

MAY 22, 2020

Recruiting where your potential employees are searching. At this point, you can also provide your new hires with a total compensation report that breaks down their earnings to give them full transparency of their take-home dollar amount. Recruiting better candidates to re-engage your workforce.

Guest Recovery 148

Guest Recovery Recruiting Document Point of Sale 148

Restaurant365

SEPTEMBER 23, 2021

For instance, since restaurants primarily sell food and drink, inventory turns over at a very frequent rate, and sales are made up of a high number of transactions. Between inventory, sales, and other data points like labor, restaurants generate an enormous amount of data. What specific issues do restaurants face in accounting?

Cash Management 147

Cash Management Point of Sale POS Inventory 147

Restaurant365

DECEMBER 11, 2020

operators, mostly sales) minus your cash outflows (your operating costs, like food and drink, payroll, rent, etc.) For instance, you may need to proactively adjust your labor to meet a seasonal drop in sales, or plan for the best time to spend cash on any needed maintenance or upgrades. over a certain period of time.

2021 136

2021 Cash Management Management Management 136

Restaurant365

SEPTEMBER 10, 2021

If your restaurant inventory management system is fully integrated with your point of sale (POS) system, you can streamline and automate as much of the inventory process as possible. Your inventory system can automatically pull sales information to track theoretical inventory. Create a regular schedule for manual counts.

Inventory 138

Inventory Management Management Point of Sale 138

Restaurant365

JANUARY 7, 2020

The restaurant industry knows that high turnover and unengaged employees can be costly. Operationally, unhappy employees can prevent a culture of accountability, call in late, or become no-shows, leaving you with an understaffed operation. Overview of How Employee Mobile Apps Have Improved Restaurant Management.

Mobile Ordering 120

Mobile Ordering Employee Relations Hiring Point of Sale 120

Hot Schedules

MARCH 29, 2021

For only a short span of time, he now has the experience and the expertise to point out his personal learnings along the way of progressing as a Product Owner. T here are many interpretations and different materials about the responsibilities of Product Owners in software companies. With time I started feeling more confident in my new role.

Technology 148

Technology Insurance Healthcare Employee Relations 148

Restaurant365

JANUARY 4, 2022

To ensure efficiency, a restaurant inventory management system that is fully integrated with your point of sale (POS) system can streamline and automate as much of the inventory process as possible. With integration, your inventory system can also automatically pull sales information to track theoretical inventory.

Inventory 148

Inventory Pricing Management Management 148

Xtra Chef

NOVEMBER 11, 2020

COVID-related closures and attitudes toward dining are further complicated by the chilly weather that accompanies the holidays for a significant chunk of the U.S. The holiday season is usually full of family, friends, and fun—and a lot of profitability for the restaurant industry. Consideration 1: COVID-19. Consideration 2: Weather.

Hospitality 155

Hospitality Seasonal Menu Front of House Social Media 155

Restaurant365

MARCH 10, 2020

Tracking your inventory shows what is coming into your restaurant, what is leaving your kitchen as sales, and what is left over on your shelf. When you think of your restaurant finances, do you think of your inventory? What is Restaurant Inventory Management? Sitting Inventory.

Inventory 103

Inventory Management Management Waste 103

Lavu

NOVEMBER 10, 2022

The 2022 State of the Restaurant Industry found that 70% of operators do not have enough employees to support customer demand. The 2022 State of the Restaurant Industry found that 70% of operators do not have enough employees to support customer demand. What Is Restaurant Automation? Display screens are a part of a POS system.

Employee Relations 78

Employee Relations Inventory Point of Sale Demo 78

Lavu

MAY 30, 2025

Related: Find out How to Calculate Your Restaurants Prime Costs 7 Proven Ways to Reduce Restaurant Overhead Costs Consider how you can use these tactics to reduce restaurant overhead costs and save more money. #1) Roughly 3-8% of each sale can go to processing fees. Understanding your spending will help you create strategies to save.

Cash Management 78

Cash Management Online Ordering Waste Inventory 78

Restaurant365

JANUARY 12, 2022

Higher minimum wages, combined with the labor shortage are stretching restaurant labor budgets to a near breaking point, requiring you to optimize your restaurant labor costs now more than ever. Many restaurant groups still create employee schedules using the previous week’s schedule and adjusting it for the following week.

Point of Sale 78

Point of Sale POS Employee Relations Information 78

Restaurant365

DECEMBER 16, 2021

Sales reports. Your sales reports are a foundational piece of your operational reporting strategy. The details in your sales reports can help you track performance across multiple store locations, or in one location over time. Daily Sales Summary. Food-related operational reports. Food-related operational reports.

Operations 78

Operations Point of Sale Employee Relations Waste 78

Hot Schedules

FEBRUARY 3, 2021

O n top of the decreased sales resulting from the pandemic, the hospitality industry is facing an ongoing rise in labor costs and uncertainty regarding supply chain reliability and product availability. Can you have a conversation with your supply chain to help adjust product volume and price point?

Menu 88

Menu Seasonal Menu Food Supply Point of Sale 88

Black Box Intelligence

SEPTEMBER 21, 2021

Many are pointing out frustrations with cleanliness and wait times, both of which are indicators of teams being stretched thin. These are fast-changing times for all types of restaurants. Brands that stand out are able to use big data to spot trends, measure performance and create strategies that will drive profits.

Fast Casual 98

Fast Casual Fine Dining BOH FOH 98

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. Learn More: Learn How to Make Accurate Restaurant Sales Forecasts 3.

Cash Management 78

Cash Management Management Management Point of Sale 78

Restaurant365

JUNE 17, 2020

Your payroll is the process of calculating and distributing wages to your employees. The restaurant industry faces a lot of industry-specific regulations on payroll, with laws regulating hourly employee scheduling and tipped wage workers, as well as compliance with the Affordable Care Act regarding seasonal and variable hour employees.

Tip Distribution 78

Tip Distribution Point of Sale Employee Relations Restaurant Law 78

Restaurant365

JUNE 24, 2020

This requires not only increasing total sales, but also reducing costs. While these are not optimal times in the restaurant industry, there are tactics you can implement now to both increase sales and optimize your controllable costs. You followed all the new health and safety regulations. Now it’s time to refocus on your bottom line.

Point of Sale 78

Point of Sale POS Inventory Employee Relations 78

Restaurant365

OCTOBER 22, 2021

There are many restaurant data points that can help you see beyond the buzz of the day-to-day of a restaurant and get a glimpse at the health of your business. For any specific period, you can calculate your total labor cost with the following formula: Employee Wages + Payroll Taxes + Benefits + Insurance = Total Labor Cost.

Point of Sale 78

Point of Sale Insurance Inventory Cash Management 78

Restaurant365

MARCH 10, 2020

Tracking your inventory shows what is coming into your restaurant, what is leaving your kitchen as sales, and what is left over on your shelf. When you think of your restaurant finances, do you think of your inventory? What is Restaurant Inventory Management? Sitting Inventory.

Inventory 78

Inventory Management Management Waste 78

Lavu

DECEMBER 12, 2022

If you’re looking for an affordable and simple way to process sales at your business, you can find everything you need in an iPad POS system. This guide will help you get the information you need to make an informed decision as you choose the right iPad point-of-sale system for your business.

POS 60

POS Point of Sale Mobile Ordering Cash Management 60

Restaurant365

OCTOBER 30, 2020

In addition, since your food inventory is closely related to your restaurant cash flow , operational oversight of your inventory is especially important in an uncertain economy. In a restaurant, there’s always something that needs to be done. Intentional, informed goals and processes are the core of successful operations.

Operations 78

Operations Management Management Inventory 78

Restaurant365

JULY 29, 2021

However, many CFOs are still facing uncertainty, particularly from pandemic-related complications that are still challenging operations and restaurant profitability. The restaurant industry saw new trends like: Increased sales for take-out and delivery. Rise of ghost or virtual kitchens targeting delivery-only sales.

Cash Management 78

Cash Management Point of Sale 2021 Inventory 78

Restaurant365

NOVEMBER 21, 2019

We were using an accounting system called Peachtree, and it was so obvious that it wasn’t made for the restaurant industry — even customizing the reports so that food costs were related to food sales was impossible,” he recalled. Plus, we had to log in using about seven different usernames and logins for each individual entity.

Food 15

Food Demo Point of Sale Pricing 15

Black Box Intelligence

JULY 26, 2022

New data from Black Box Intelligence confirms fewer price hikes positively impacts intent to return; leads to increase in guest traffic and sales. Best and worst performing region, segment and cuisine is based on same-store sales growth. Same-Store Sales Growth Lowest Since February 2021. Same-store sales growth was +1.6%

Fast Casual 98

Fast Casual Point of Sale 2022 Fine Dining 98

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. Restaurant accounting is certainly not the most glamorous part of running a restaurant. Yet, without proper restaurant accounting, it is impossible to control your finances and keep your restaurant in business.

Cash Management 90

Cash Management Point of Sale Tip Distribution Inventory 90

Restaurant365

OCTOBER 14, 2020

Inaccurate numbers can, at best, point you in the wrong direction, and at worst, lead to unsound financial decisions. When creating a restaurant budget, there are four main areas to consider: Track Your Restaurant Sales. Your restaurant sales, or income, are one of the biggest factors in your budget. Collect data.

Point of Sale 78

Point of Sale Email Marketing Advertising Cash Management 78

Restaurant365

MAY 17, 2022

The most important part of inventory management is understanding how the amount of product relates to your profit margin. A POS system is excellent at collecting sales and labor data. Additionally, your point-of-sale (POS) system may be able to automatically track theoretical inventory based on sales (in product or dollars).

Inventory 78

Inventory Management Management Food 78

Restaurant365

MAY 14, 2021

With P&L data in hand, you can create better budgets, make decisions about labor or food, or spot big trends in your sales. Your restaurant’s chart of accounts lists all the important financial information related to the business. Your profitability isn’t based on your sales alone. Chart of Accounts.

Management 78

Management Management Point of Sale Inventory 78

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. Smart ordering or smart prep suggestions, based on forecasted sales, can help minimize over-ordering or over-prepping.

Operations 78

Operations Leadership Point of Sale Cash Management 78