Restaurant365

MARCH 10, 2020

If it’s not on the shelf, it can’t be stolen, spoiled or wasted. So, the key to minimizing food waste that can eat into your profits is effective restaurant inventory management. The better and more streamlined your inventory control , the less food waste in your kitchen and the more money added to your bottom line.

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Inventory Management Management Waste 78

Restaurant365

JUNE 4, 2020

We have outlined answers to some frequently asked questions as it relates to the guidance currently in place: When does the 8 week forgiveness period begin? Hourly wages paid to tipped employees during the elected covered period are eligible to be included in wages for the purpose of payroll costs in loan forgiveness.

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Blog Employee Relations Restaurant Law Document 142

Restaurant365

OCTOBER 30, 2020

Daily issues with your inventory control can lead to food waste levels that skew your monthly margins. Restaurants carry lots of inventory that is perishable, so an investment in inventory can quickly be wasted if it isn’t managed correctly. Standardize Your Employee Hiring and Onboarding Process. Reduce Your Food Cost.

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Operations Management Management Inventory 78

Restaurant365

JULY 24, 2020

Choosing between in-house delivery, third-party delivery apps or a combination requires an understanding of related costs. Many employees do not feel safe coming back to their restaurant jobs because they don’t feel safe. That may alleviate the fears for many of your potential employees.

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Front of House Online Ordering Kitchen Safety Customer Service 147

Restaurant365

AUGUST 4, 2020

When that inventory is wasted, stolen or spoiled before it’s sold, it must be written off as an expense in the books. If it’s not on your shelf, it can’t be stolen, spoiled or wasted. The key to minimizing food waste that can eat into your profits is effective restaurant inventory management.

Inventory 78

Inventory Management Management 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. Restaurant inventory management software can help you track your inventory to identify and minimize food waste, and it can also help you keep tabs on vendor pricing changes. Review CoGS daily.

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Inventory Management Management Food 78

Restaurant365

SEPTEMBER 16, 2021

Your individual hiring decisions define your company culture over the long term, impacting both the customer experience and employee retention. Despite the challenges, you need to hire and retain amazing restaurant employees, right now and in the future. Staffing your restaurant with a great team is critical to success.

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Hiring Loyalty Program Employee Relations Recruiting 78

Restaurant365

SEPTEMBER 23, 2021

Your restaurant must categorize food costs correctly, tracking inventory and food waste to order at the right level for sales. The costs of running a restaurant can be broken into four basic categories: Labor cost: all expenses related to labor, including hourly wages, salaries, payroll taxes, and any employee benefits.

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Cash Management Point of Sale POS Inventory 147

Restaurant365

JUNE 24, 2020

Once you identify the gap, you can streamline troubleshooting activities like addressing waste, errors, portioning mistakes, and theft. A daily review of your CoGS will make your restaurant managers aware of issues such as waste, theft and portioning mistakes so that they can take immediate action.

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Point of Sale POS Inventory Employee Relations 78

Restaurant365

MAY 27, 2021

It’s especially applicable to your prime cost, because restaurant food cost and labor cost fluctuate over time in relation to sales. You can also use a scheduling management system to track employees clocking in early or clocking out late or set up limits on clock in/out times. Request a demo of Restaurant365 today.

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Point of Sale Inventory Waste Food Order 78

Restaurant365

OCTOBER 14, 2020

Not only is an accurate prime cost essential to appropriately budgeting for your expenses, but it can also help you optimize your budget by pinpointing food waste or inefficiencies. However, other recurring expenses like utilities or waste disposal may creep up over tie. Ask for a free demo of Restaurant365 today.

Point of Sale 78

Point of Sale Email Marketing Advertising Cash Management 78

Restaurant365

AUGUST 25, 2020

Also, cross utilizing menu items helps reduce waste and save money. Turnover, new employees, furloughs and layoffs can combine to complicate payroll. Consequently, you’ll need to use forecasting to help predict the number of employees your restaurant will need each day based on your recent sales and labor data.

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Cash Management Seasonal Menu Inventory Email Marketing 97

Restaurant365

JANUARY 4, 2022

Your team must still take manual inventory by hand to account for spoilage, improper portioning, and waste. The more frequently you count inventory, the better it can inform your ordering and other food-related decisions. As a restaurant operator, you are trying to avoid wasted inventory at all costs. More about this later.).

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Inventory Management Management Food 15

Modern Restaurant Management

APRIL 2, 2020

The National Restaurant Association Educational Foundation has launched the Restaurant Employee Relief Fund to support U.S. restaurant employees financially impacted by the coronavirus crisis. Clic here to d onate to the Foundation’s Restaurant Employee Relief Fund. This fund is designed to help those struggling employees.”

Healthcare 206

Healthcare Employee Relations Online Ordering Customer Service 206

Restaurant365

FEBRUARY 22, 2022

There’s sales and customer data, labor performance data, and even data telling you how much food you waste. Accurate restaurant inventory management is the key to reducing food waste, and inventory is informed by your restaurant data. You must also count your inventory by hand, accounting for what is lost in spoilage or waste.

Point of Sale 147

Point of Sale POS Inventory Seasonal Menu 147

Restaurant365

AUGUST 19, 2021

Every time your restaurant buys, counts, transfers, or wastes inventory, it must be entered as a journal entry in your accounting general ledger. Labor costs (employee wages, payroll taxes, employee benefits, etc.). How your restaurant inventory relates to net profit.

Inventory 147

Inventory Management Management Employee Relations 147

Modern Restaurant Management

AUGUST 5, 2020

Ervin Cohen & Jessup launched a Food, Beverage and Hospitality practice to more efficiently advise industry-related clients to recover from the devastating financial and logistical impacts of the coronavirus pandemic and beyond. Delightree app can also streamline employee onboarding. ” Onosys and ItsaCheckmate Partner.

Food Safety 210

Food Safety Mobile Ordering Online Ordering Kitchen Safety 210

Restaurant365

DECEMBER 16, 2021

Food-related operational reports. Taken together, this food-related operational reporting can have a major impact on your CoGS. Your actual vs. theoretical (AvT) food cost analysis showcases what you should have theoretically spent on inventory, based on sales, versus what you actually spent, accounting for errors and waste.

Operations 78

Operations Point of Sale Employee Relations Waste 78

Xtra Chef

DECEMBER 2, 2020

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. You must trust that the designated employee is counting correctly, and also recording those counts in the proper place.

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Inventory Management Management Cash Management 91

Modern Restaurant Management

SEPTEMBER 14, 2021

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. Southern Glazer's Acknowledges Drivers and Warehouse Employees.

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Food Tip Distribution Guest Recovery Food Safety 173

Restaurant365

FEBRUARY 18, 2022

With ongoing employee crisis, restaurants must get their staffing levels to balance service delivery with fiscal responsibility. Monitoring review sites like Yelp and aggregating data on posts, hashtags, and other related tracking metrics, can help restaurants respond to issues proactively to head off any potential reputation damage.

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Technology Dietary Restrictions Back of House Front of House 78

Apicbase

SEPTEMBER 16, 2022

How do they relate to each other? How Do Reporting & Analytics Relate? It can let you keep on employees that you’d need to fire otherwise. It’s your first line of defence against erratic food costs — if you have a tight grip on your stock, avoiding waste due to overstocking, poor plating, or theft becomes much easier.

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POS Operations Back of House FOH 52

Margin Edge

SEPTEMBER 23, 2019

In practice, any number of factors, from ambiguities in the written recipe to over-portioning to employee theft, can alter your real-world cost. If an item is desirable enough to be a risk for employee theft – alcohol and premium ingredients, for example – it needs to be tracked. Waste Less, Profit More. That’s huge!”.

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Inventory Employee Relations Food Order Waste 44

Apicbase

APRIL 20, 2022

Verify that both customers and employees understand your brand concept. Your concession owners are not your employees. For restaurants and virtual brands, those relate primarily to brand consistency. Therefore, your ability to support, guide and train them is strongly related to their (and hence your) success.

Franchise 52

Franchise Franchising Cash Management Kitchen Safety 52

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. Whether it’s pooling, mandatory or not, split, or tips by paycheck vs. cash tips—it can be tricky keeping your employees happy while maintaining an accurate balance sheet and payroll taxes. Request a Demo today.

Cash Management 90

Cash Management Point of Sale Tip Distribution Inventory 90

Restaurant365

FEBRUARY 24, 2021

The restaurant industry faces unique challenges, from a highly perishable inventory to management of hourly employee payroll. Intercompany eliminations remove certain transactions between related companies from the consolidated financial statements. Ask for a free demo of Restaurant365 today. Is bank reconciliation automated?

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Inventory Point of Sale POS Franchise 78

EATER

JULY 22, 2021

And that was before the fall and winter surges, which resulted in an exponential rise in virus-related hospitalizations and deaths , followed by new rounds of closures and restrictions. And the increase in menu prices has allowed Boden to raise the hourly wage for his tipped employees to $6 (in Virginia, the tipped minimum wage remains $2.13

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Fine Dining Back of House Dine-in Front of House 115