Remove Demo Remove Employee Relations Remove Tip Distribution
article thumbnail

[Guide] How to Implement Digital Tip Payouts at your Restaurant

7 Shifts

So, you've decided to implement a digital tip payout solution in your business—congratulations! Make sure to consider these key factors from both the administrative and employee perspective: Pricing: Consider whether the platform charges a flat fee (monthly or annual), a percentage of tips, or a combination of both.

article thumbnail

How to Open a Deli in 2025: A Complete Step-by-Step Guide for Success

Lavu

As you meet with different food distribution companies, consider what products you want to carry and how you will track them. Related: The Essential Guide to Restaurant Inventory Management Software 3. Related: 8 Factors to Consider When Choosing a Restaurant POS System 4. This information can drive your business plan.

2025 78
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

28 Strategies to Cut Costs in the Restaurant Business

Lavu

Book Your Free Demo Now How to Determine Labor Cost Percentage To determine the labor cost for a restaurant, you will need to calculate the total amount of money spent on labor (wages, salaries, benefits, etc.) Be transparent and reward employees. However, this cost cutting tip is crucial.

article thumbnail

How to Calculate and Optimize Your Restaurant Payroll Percentage

Restaurant365

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.

article thumbnail

Restaurant Accounting: The Ultimate Guide

Xtra Chef

The purpose is to help teams to better understand how accounting relates to the business of running a successful restaurant. Tip Handling. Restaurants choose or are held to different methods of tip handling. Instead, you’ll want to distribute it across multiple periods. These include: 1. Inventory Management.

article thumbnail

EZ PPP Forgiveness App and Yelp’s New COVID Help

Modern Restaurant Management

Did not reduce the salaries or wages of their employees by more than 25 percent, and did not reduce the number or hours of their employees; OR. Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25 percent.

article thumbnail

New & Notable: TEAM Schostak Celebrates 40, AI in Food Service and Beachy Tech

Modern Restaurant Management

TEAM Schostak Family Celebrates Anniversary and Employees. TEAM Schostak Family Restaurants (TSFR) is celebrating its 40th anniversary along with the anniversaries of employees that have been with the company for 20 years or more. ” 7shifts Launches Tip Pooling. Cynthia (Cyndi) Barnes: Director of Accounting | 35 years.

Food 433