Modern Restaurant Management

MARCH 11, 2020

This edition of MRM News Bites features a double dose from US Foods, SpotOn Transact, DoorDash Kitchens, Virtual Restaurant Consulting, Tripleseat and Gather, wagamama, Toast, The Gluten Intolerance Group, Instawork and StaffMate Online, Procurant and Yellofin, Sift, 7shifts, ParTech, Revel Systems and Como, Kabbage, Bluecrew and Cuboh.

Bar 386

Bar Cash Management Loyalty Program Point of Sale 386

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. Leverage POS Systems : Tools like Lavu POS automate inventory tracking, reduce order errors, and provide real-time insights. Whole Wheat Bun $0.30 Avocado(1/4) $1.20

Food 78

Food Waste Inventory Seasonal Menu 78

Modern Restaurant Management

JANUARY 8, 2024

Consider, for instance, a scenario in which your Point of Sale (POS) system can forecast the popularity of a new dish based on historical customer behaviour. This trend reflects the growing popularity of drive-thru and fast-casual dining, coupled with the demand for digital technologies such as QSR digital signage and QR codes.

2024 539

2024 Loyalty Program Cash Management Customer Experience 539

Modern Restaurant Management

APRIL 2, 2020

Restaurant employees can apply online to receive a one-time, $500 check to use toward bills, including housing, transportation, utilities, childcare, groceries, medical bills and/or student loans. The Foundation will administer the grants, offered on a first-come, first-served basis. Live in the U.S., an overseas U.S. military base, or any U.S.

Employee Relations 516

Employee Relations Healthcare Online Ordering Customer Service 516

Lavu

MARCH 7, 2025

Tools like cloud-based POS systems simplify the process by automating updates and securing payment data. PCI Compliance for Restaurants is essential to protecting customer payment data and preventing costly breaches. With 70% of transactions made via cards, restaurants are prime targets for cyberattacks. New rules: PCI DSS 4.0

POS 78

POS Guest Recovery Document Audits 78

7 Shifts

AUGUST 3, 2023

They started by adopting a cloud-based point of sale in Toast , and added 7shifts to aid in managing their growing team. Hugo's is also a business that employs performers and artists who may need to cover a shift at the drop of a hat to catch an audition. Problem Hugo's opened when bookkeeping was done in physical books.

Point of Sale 195

Point of Sale Audits Book POS 195

Lavu

NOVEMBER 29, 2024

Integrates with POS systems for seamless operations. How to Start : Choose software with features like POS integration, tip management, and compliance tools. When integrated with POS systems, the process becomes even smoother, ensuring tip data is accurate and up-to-date. Reduces errors and ensures accurate, on-time payments.

Tip Distribution 78

Tip Distribution Restaurant Law Employee Relations Cash Management 78

Embrace the Suck

DECEMBER 25, 2019

They get a commission based on overall sales for their territory. They basically work for their sales team. What you want to ask for is margin instead of markup and you want it to be auditable. Having worked as a consultant for a large foodservice distributor for 4 years, I learned a lot about their business.

Food Truck 296

Food Truck Food Tip Distribution Audits 296

BNG Point of Sale

APRIL 14, 2021

Unfortunately, less-than-reputable POS providers are out there, and understanding fees associated with taking payment from customers isn’t easy, but knowing what to look for will help. The financial benefits outweigh the transaction costs, but you can still save some money on your POS system and credit card processing. Tiered Pricing.

POS 98

POS Point of Sale Customer Service Pricing 98

Harbor Touch

MARCH 16, 2025

Thats where this guide comes inpractical, no-nonsense tips to get things running like clockwork, especially for folks using POS systems like SkyTab. Well cover everything from automation to IT management, with examples tailored for POS users. For POS users, your systems a treasure chest of clues. For POS users, this is personal.

POS 78

POS Operations Cash Management Inventory 78

Restaurant365

DECEMBER 10, 2021

A period with seven weekend days, as opposed to one with nine, will likely generate much different sales and expense levels. For instance, if you run payroll weekly or bi-weekly, a four-week accounting period allows you to align labor costs with sales, informing accurate, useful labor cost calculations.

Point of Sale 146

Point of Sale Back of House Front of House POS 146

Lavu

NOVEMBER 17, 2023

Profit margin is a key metric, especially pivotal in restaurant sales, that calculates the percentage of revenue left as profit after covering expenses. This, in turn, can significantly increase your sales and enhance profit margins, pointing towards areas of strength and potential areas for improvement.

Fast Casual 138

Fast Casual Food Truck Fine Dining Loyalty Program 138

Restaurant365

JANUARY 22, 2020

Your point of sale system (POS) may be tracking your private company financials, and your internal communications may include intellectual property or confidential corporate information. A professional forensic audit of your business. A professional forensic audit of your business.

Audits 88

Audits Point of Sale Front of House POS 88

Restaurant365

AUGUST 19, 2020

There are some general areas to focus on when starting to audit your human resources information systems (HRIS) and payroll systems. Successful restaurant owners and operators don’t just provide great food. For food service and hospitality in particular, an essential part of the guest experience is the interaction with employees.

Restaurant Law 131

Restaurant Law Recruiting Employee Relations Food Safety 131

The Restaurant Times

SEPTEMBER 16, 2021

Restaurant point of sale (POS) software is one of the smartest investments you can make in 2021 if you own a restaurant. Restaurant point of sale (POS) software is one of the smartest investments you can make in 2021 if you own a restaurant. How A Restaurant POS Software Can Benefit You.

POS 52

POS Point of Sale Inventory Consumer Goods 52

Harbor Touch

MARCH 18, 2025

With a POS system like SkyTab and solid accounting software, you can track it all without losing your mind. Sales Tax: Stay on Top of Local Rules Every city and state has its own sales tax quirks. Pro Tip: SkyTab can track sales tax by location with its reporting tools. This isnt just a checklist. Dont let that be you.

Point of Sale 78

Point of Sale POS Restaurant Law 2025 78

Lavu

JANUARY 21, 2020

You can also use a tool like Sourcery to derive and process data from your POS system. The restaurant industry is one of the most fast-paced, with endless to-do lists. While it may be exciting to own a restaurant and serve your customers, some vital tasks like doing accounts may be quite challenging. Saves Administrative Time and Effort.

Audits 78

Audits Back of House Point of Sale Front of House 78

Harbor Touch

APRIL 17, 2018

Sales Tax Requirements. The city and state where you operate your restaurant could have different sales tax requirements, and if you own multiple locations, it is even more important to be up to date on the different requirements. They also may require a separate filing and collection, so be sure your records are accurate.

Employee Relations 97

Employee Relations Insurance Point of Sale Cash Management 97

The Restaurant Times

JUNE 11, 2021

A good POS system for restaurants contains features such as tablet billing, stock and inventory management, analytics and reports, CRM and many others. Installing a POS system for restaurants is the best way to do that. 8 Features To Look For In POS System For Restaurants. Managing a restaurant is a daunting task.

POS 52

POS Mobile Ordering Loyalty Program Online Ordering 52

Restaurant365

APRIL 14, 2020

Instead, focus first on which menu items are your most profitable and popular, based on your recipe costing and historical sales. Schedule consistent restaurant food inventory audits in advance. Successful restaurant operations, in any kind of economy, depend on well-managed restaurant food inventory.

Inventory 109

Inventory Delivery Management Management 109

Lavu

FEBRUARY 2, 2024

Proper food waste management is crucial in this regard, involving practical tips such as conducting a waste audit to identify areas where waste can be minimized. In the face of a staggering global issue, restaurants must proactively avoid food waste. billion tons of food are wasted annually across the globe.

Waste 78

Waste Food Compost Restaurant Law 78

The Restaurant Times

JUNE 3, 2020

Once you have estimated the total fixed and variable costs and expected sales for your cloud kitchen in a year, it is recommended to calculate the break-even point, which will ultimately indicate if you’re set to make a profit. A restaurant makes a profit only when the sales exceed the expenses. .

Cash Management 88

Cash Management Point of Sale Front of House Equipment 88

The Restaurant Expert

FEBRUARY 14, 2019

Check your employees’ pay rates in your POS system. You must, and I mean MUST, audit your timekeeping in your restaurant point of sale (POS) system. Your payroll company knows that, but your POS probably still shows the cook at $10. This audit will cut labor cost. Time equals money!

Audits 54

Audits POS Point of Sale Download 54

Next Restaurants

AUGUST 20, 2024

An efficient restaurant minimizes the use of resources while maximizing profitability and sales. Analyze your sales data to identify the bestselling items and those with the highest profit margins —you can remove items that have low sales and low profit margins. Inefficiency can be costly, both in terms of money and reputation.

Website Management 78

Website Management Point of Sale Customer Service Inventory 78

Restaurant365

SEPTEMBER 22, 2020

This covers the IT infrastructure that stores, processes, or transmits payment information, from a server POS terminal to your restaurant accounting software. Your point-of-sale (POS) system processes and stores enormous amounts of sensitive information. Why is PCI compliance important for restaurants?

POS 78

POS Point of Sale 2006 Technology 78

MBB Hospitality

AUGUST 5, 2024

By integrating with point-of-sale (POS) systems, these services update inventory counts automatically after every transaction. This real-time insight supports strategic decision-making for promotions and flash sales, enhancing responsiveness.

Inventory 52

Inventory Audits Franchising Franchise 52

Restaurant365

JULY 17, 2020

Eliminating the sale of goods or services from one entity to another entity within the group. The reason for these eliminations is that a company cannot recognize revenue from sales to itself; all sales must be made to external entities. Most multi-unit restaurant groups run each of their locations as a separate legal entity.

Point of Sale 78

Point of Sale Consumer Goods POS Front of House 78

Lavu

MARCH 11, 2020

From the introduction of point of sale (POS) systems to accounting systems, technology is changing the ways restaurants operate today. Keeping your procedures and systems up-to-date is a great method to streamline your operations, reduce overhead, and increase your day-to-day sales by getting more people through the door.

Management 78

Management Management Cash Management Mobile Ordering 78

Open for Business

SEPTEMBER 2, 2024

It’s helpful for understanding your restaurant profitability, and there are two main types you need to consider: Gross profit margin measures profit from food and beverage sales before accounting for operating expenses. Determine your profit margin: Divide your net profit by your total sales, then multiply by 100 to get a percentage.

Point of Sale 78

Point of Sale Seasonal Menu Customer Service Inventory 78

Ken Burgin

FEBRUARY 8, 2022

The sales term is ‘grease the slide’ – removing any friction that stops a customer completing a sale. Amex fees are a bit higher, but ‘no Amex’ rules get people offside, especially if they want the points. Link your POS to the EFTPOS terminal. Are you still avoiding cards?

Mobile Ordering 60

Mobile Ordering Online Ordering Merchandise Point of Sale 60

Xtra Chef

DECEMBER 11, 2019

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. Restaurant accounting activities include everything from accurately recording transactions to creating detailed financial reports.

Cash Management 90

Cash Management Point of Sale Tip Distribution Inventory 90

Restaurant365

AUGUST 21, 2020

There are some general areas to focus on when starting to audit your human resources information systems (HRIS) and payroll systems. Successful restaurant owners and operators don’t just provide great food. For food service and hospitality in particular, an essential part of the guest experience is the interaction with employees.

Blog 78

Blog Restaurant Law Recruiting Employee Relations 78

Restaurant365

MARCH 30, 2022

They can even be easily fed information from your POS machines to help you make sense of all that data you are collecting. However, at some point, you may question whether it is time to purchase restaurant accounting software to get you out of the office and back to concentrating on good food and great service.

Inventory 78

Inventory Point of Sale Audits Information 78

BNG Point of Sale

SEPTEMBER 2, 2021

The margin varies depending on several distinct factors, such as location and type of cuisine served. . Understanding profit margins is a vital skill to the success of any restaurant business and common restaurant operations. As a result, many restaurants work to the 30,30,30,10 rule, which looks something like this: . 30% food costs .

Food Truck 52

Food Truck Loyalty Program Food Point of Sale 52

Restaurant Engine

JULY 10, 2024

While you’re doing this, it’s a great time to conduct a menu audit and decide which items should go and whether to add new ones. 3: Customers Aren’t Ordering a Menu Item A regular menu audit is a great way to uncover your best sellers and your duds. Modernize your menu to stay on top of the latest trends. It may be time to change it.

Menu 52

Menu Audits Online Ordering Point of Sale 52

Restaurant365

SEPTEMBER 30, 2019

All approval process workflows are accessible through a centralized email or dashboard, and an audit log tracks all decisions. Accounts payable, step-by-step. Accounts payable automation helps restaurants track accounts payable activity and is usually comprised of three steps: Step 1: Capture. Step 3: Pay.

Audits 60

Audits Cash Management Mobile Ordering Point of Sale 60

Restaurant365

AUGUST 12, 2021

But having this data stored in your point of sale (POS) system or other restaurant systems doesn’t mean anything by itself. For 21st-century companies, data is a powerful tool that can help improve nearly every area of business. To be successful, your organization needs to create a culture of actually using data.

Leadership 78

Leadership Inventory Hiring Point of Sale 78