article thumbnail

Tip Pooling Tools to Easily Manage Tips at Your Restaurant

7 Shifts

Tips are a huge part of restaurant compensation and tip pooling is often so complex it becomes a part-time job worth of work for managers. Restaurant managers can spend up to 8 hours a week calculating tips with traditional methods. Ready to save up to 8 hours a week on tip pooling with 7shifts team management platform?

article thumbnail

10 Cash Flow Management Best Practices for Restaurants

Lavu

Restaurant cash flow management is the lifeblood of your business. Yet, while most small business owners know this truth, many still struggle with basic cash flow definitions, fundamentals, and management strategies that actually maximize benefits. Put new habits into practice with these ten best practices of cash flow management.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Streamlining Supplier Credit Management: Introducing ChefMod’s Newest Feature

ChefMod

In the dynamic world of hospitality, managing finances efficiently is not just an option; it’s a necessity. This is where ChefMod steps in, revolutionizing the way the hospitality industry manages its finances with its latest feature.

article thumbnail

Store-level Managers’ Step-by-Step Guide to Restaurant Inventory Management

Restaurant365

As a store-level manager, you always have a lot on your plate. However, in between all these tasks, it is critical to devote time and energy into accurate and consistent inventory management. Inventory management is a powerful tool for your day-to-day operations, but only if you use it correctly.

Inventory 138
article thumbnail

Best Practices for Accelerating the Sales Process

Think about it: with outbound prospecting, requests from management, scheduled demos, and inbound calls, chaos can quickly work its way into your strategy, deeming a “speed wins” selling mentality downright ineffective. The bottom line is that, in B2B sales, speed is useless without control.

article thumbnail

17 Restaurant Manager Log Tasks Enabled or Improved with Automation

Restaurant365

Restaurant manager logs are an invaluable tool for both in-store managers and above store operators. Store-level managers need to know what’s going on at their locations before they arrive for their shifts. A step up is a manual manager log that prompts managers for the information the next manager will need.

article thumbnail

Veloce POS: The Ideal Partner for Efficient Restaurant Management

Veloce POS Blog

Transform your restaurant with Veloce POS - the perfect solution for efficient management. Our system, tailored to the hospitality industry, offers intuitive ordering, seamless integration, and cost management. Contact us now for a free demo!

POS 52