SpotOn

OCTOBER 14, 2024

A restaurant POS takes orders and processes payments. This can impact your online ordering operation or invoicing for catering or private events. " This refers to the monthly software licenses POS providers charge. What does a POS system do? Credit card processing fees are typically between 1.5%

POS

Lavu

JUNE 26, 2025

Restaurant accounting is the process of interpreting and analyzing the revenue, cash flow, inventory, and income statements of a restaurant. Let’s start with some basic terms: Cost of Goods Sold (COGS): This is the cost of all the items and ingredients on your menu (Beginning Inventory + Purchased Inventory – Ending Inventory).

2025

Lavu

APRIL 25, 2025

The right POS setup can make it easier to take orders, manage staff, track sales, and keep customers happy. Integration with online ordering, loyalty programs, and inventory tracking. Add features like online ordering, inventory tracking, and loyalty programs. Scalability for future growth. Software: $60$400/month.

POS

Paper Chase Accountancy

JULY 25, 2025

Accounting must track and analyze performance across peak and off-peak seasons, affecting revenue recognition, staffing, and inventory management. Point-of-Sale (POS) Integration: Seamless integration with POS systems is critical for capturing sales data, managing inventory in real-time, and ensuring accurate revenue reporting.

Hospitality

SpotOn

DECEMBER 30, 2024

These include rent, utilities, licenses, equipment, repairs, credit card processing fees—anything that's not labor or COGS. Control COGS with inventory management Depending on your concept, you've got somewhere between 30 and 300 ingredients, many of which are found in multiple menu items in various amounts.

Operations

Paper Chase Accountancy

MAY 21, 2025

They require specialized support that understands the intricacies of fluctuating revenues, high labor costs, and complex inventory management. POS System Integration: Seamlessly integrating point-of-sale data into accounting systems for real-time sales tracking, inventory updates, and precise revenue recognition. Opera, Cloudbeds)?

Hospitality

Lavu

JUNE 13, 2025

Remember that these rules are not always taught when getting your bartender license in bartending school. This will also help with inventory management and keep your bar clean and organized. When there is a surge of drink orders, the bar team can execute orders flawlessly and habitually, without disturbing guests’ experience.

Training

SpotOn

JULY 15, 2025

You’ll need to maintain a level head when people drink too much, remember who ordered what, and somehow keep a smile on your face when the pressure to perform feels like too much, and it’s three people deep across the entire bar top.   “Do you have your alcohol serving permit or bartender's license?”

Front of House

Modern Restaurant Management

SEPTEMBER 27, 2023

Money and Inventory Management The profitability of a restaurant depends on the careful management of cash flow. Inventory management is another key issue that can creep up if owners are not aware of what product they have and how much is currently available.

Cash Management

Modern Restaurant Management

NOVEMBER 16, 2021

Gain informative data-based insights – By accessing a single source of data from anywhere and any device, restaurants gain invaluable insights about their customers, employees, inventory – you name it – particularly when artificial intelligence (AI) is layered in.

Customer Experience

Modern Restaurant Management

JANUARY 2, 2024

. – Amy Chen, COO, UPSIDE Foods License Plate Recognition (LPR) is already playing a vital role in business security infrastructure. Currently, License Plate Recognition is used to improve safety at drive-thrus by monitoring license plates and reporting incident disputes in case of investigations.

2024

7 Shifts

AUGUST 18, 2024

For example, though food costs are running costs, you should budget for beginning inventory when opening your restaurant Many of your startup costs will be one-off costs, though some are subject to annual renewals Restaurant Expenses Vs. Restaurant Costs One often confused (and misused) sets of terms are restaurant costs and restaurant expenses.

License

7 Shifts

JULY 16, 2021

Obtain Permits and Licenses. Once you've validated your idea, you can dive into the nitty-gritty: Obtain Permits and Licenses. In the process of opening your coffee shop, it's important to mitigate the potential risks affiliated with permits and licenses. Business License. Liquor License. Table of Contents.

License

7 Shifts

AUGUST 18, 2024

Sorting Out Paperwork and Licensing Below is a breakdown of the licenses and documentation you'll need: Business license : The cost of registering your business will vary by state and includes a registration and filing fee. To apply for a liquor license, consult the Alcohol Beverage Control (ABC) Agency) in your state.

Bar

7 Shifts

MAY 1, 2020

If you have many groceries, inventory, or portioned goods, consider offering meal kits to diners to cook at home. Order online at unayxe.com or call 306.978.0116. ??: Marketing: Consider posting DIY videos on how to assemble & prepare your meal kits, and be sure to attach a link for diners to order their own!

FOH

7 Shifts

AUGUST 7, 2024

But there's more to it than adding up your inventory bill and comparing it to your sales. Food cost percentage is the ratio of the cost of food inventory to the amount of revenue it generates. The other, more accurate way is to take all of the elements that go into making a dish to determine the total value of your inventory.

Food

Modern Restaurant Management

MAY 2, 2023

Inventory Management If you don’t have a proper inventory management system in place, you could be wasting a lot of time and money. Your usual poultry vendor requires two days’ notice for deliveries, but you haven’t placed an order. Proper inventory management is key. Either way, it ends up costing you.

Audits

7 Shifts

FEBRUARY 15, 2024

The demands of the modern bar are significant: inventory issues, demanding customers, volatile prices, and — perhaps the biggest of all — staffing, scheduling, and other labor concerns. Bar management software is a tech-forward way to handle many of the elements necessary to operate a bar successfully.

Inventory

7 Shifts

FEBRUARY 15, 2024

The demands of the modern bar are significant: inventory issues, demanding customers, volatile prices, and — perhaps the biggest of all — staffing, scheduling, and other labor concerns. Bar management software is a tech-forward way to handle many of the elements necessary to operate a bar successfully.

Inventory

7 Shifts

AUGUST 2, 2024

To calculate this, use the formula: Cost of Goods Sold (COGs) = Beginning Inventory + Purchased Inventory - Ending Inventory Gross profit & gross profit margin Your gross profit and gross profit margin help you track how much money you're making after deducting your Cost of Goods Sold.

Point of Sale

7 Shifts

OCTOBER 21, 2021

These restaurants take orders through online apps and use 'ghost kitchens' or virtual kitchens that offer virtual menus to take-out customers. Pros: Very low labor and inventory costs and steady incremental sales growth. Need to manage the impact on staff morale of working online orders without receiving tips.

Fast Casual

7 Shifts

JULY 12, 2024

Your inventory is one aspect to keep track of to avoid overordering. “If you aren’t taking accurate and consistent inventory at your restaurant, you’re missing out on a 20+% increase in profits,” our own D.J. If you’re opening a new restaurant or branch, plan your initial inventory carefully.

Food Truck

Modern Restaurant Management

APRIL 22, 2020

Additionally, the Napa, California-based company launched a unique exchange program and purchasing inventory from wineries to help support the loss of sales to distributors due to restaurant and tasting room closures. Customers can put in their orders the previous day and choose their wines from a virtual wine list.

Retail

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. NCR Corporation added technology that builds diners’ confidence by empowering them to both order and pay via their own mobile device. ” Tyga Bites Launches. .”

Food Safety

Modern Restaurant Management

SEPTEMBER 25, 2020

Gorlie’s initial investment on the Vet Chef’s opening day was $41,200, and that includes the food inventory for their first service. While you’ll likely want to hire someone to help take orders, you can realistically manage with a single part-time employee. Why Is a Food Truck a Smart First Step?

Food Truck

7 Shifts

JULY 1, 2024

However, note that bar profit margins vary due to various factors like tax rates, licensing laws, customer demographics, and the cost of living in your area. Obtain permits and licenses Remember: selling alcohol is a heavily regulated business. Before you start a bar, you must secure a license from the Alcohol and Tobacco Trade Bureau.

Bar

ChowNow

AUGUST 6, 2024

Successful restauranteurs need to keep both fixed and variable costs managed in order to thrive. Initial Inventory + Food Purchases – Ending Inventory = Total Cost of Goods Sold Let’s take our example restaurant again and assume they started the year with $50,000 worth of inventory. Track inventory.

Insurance

7 Shifts

DECEMBER 11, 2019

Example: KFC In 2018, about two-thirds of KFCs in the United Kingdom had to temporarily close due to an inventory issue. On top of an initial license fee , franchisees must pay regular royalty fees to franchisors. New menu items, a focus on delivery and digital ordering, and a sleek new building design all support that notion.

Franchise

ChowNow

JULY 10, 2024

Suppliers and inventory : List the primary suppliers you plan on working with and share information about how you will manage the restaurant’s inventory. Highlight which platforms you plan to use for online ordering and delivery, order management, and point-of-sale (POS).

Point of Sale

Modern Restaurant Management

DECEMBER 3, 2020

” The company already signed nine franchise licenses with three new franchisees. This year alone, PJ’s Coffee has signed on 31 new franchisees, representing a total of 52 units – including the nine Florida licenses. "ezCater's platform provides effortless online ordering and exceptional customer service."

Franchise

7 Shifts

SEPTEMBER 16, 2024

A full-service restaurant with liquor licenses and a well-trained staff may be more valuable than a small café Buyers might also be interested in niche concepts that stand out in the market, while generic concepts may fetch lower prices. Check your restaurant’s legal documents Make sure you have all your legal documents in order.

2024

Restaurant365

NOVEMBER 5, 2021

A commissary kitchen space functions as a commercial kitchen that has the required permits and licenses for food preparation and meets local health and food safety regulations. However, these businesses are usually required by the local health department to operate out of a licensed commercial kitchen. Who uses commissary kitchens?

Kitchen Safety

Focus POS

JUNE 17, 2021

With a bar software system, you can quickly scan someone’s driver’s license and verify their age right where they order. You want your customers to hang around and enjoy themselves, to continue ordering more drinks, but if there’s too long of a line, chances are they won’t stick around. Liquor inventory integration.

Bar

The Restaurant Times

OCTOBER 30, 2021

From inventory to alcohol, and live music to TV installation, for every little operation, you need to think about whether it is allowed by the government or not. Therefore, you need to familiarize yourself with the different restaurant licenses required to open a restaurant in the UK and how to obtain them. . Premises License.

License

Restaurant365

MARCH 18, 2020

Consider reducing your food costs by limiting the number of menu items in a way that allows you to streamline your inventory. Consider offering a takeout menu that simultaneously allows you to slim down your inventory and minimize your prime costs. Licenses and permits. When You Should Consider Closing Temporarily.

Point of Sale

Restaurant365

DECEMBER 17, 2019

One-time costs are one-time purchases, like a lease security deposit or loan down payment, signage, renovation costs, and business licenses and permits. However, the biggest factor in controlling food costs is improving your inventory management. This includes everything from napkins to kitchen equipment, as well as licensing costs.

Point of Sale

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. Sometimes called a virtual restaurant, virtual kitchen or cloud kitchen, a ghost kitchen is a food-service business that serves customers exclusively through online orders.

Front of House