Lavu

NOVEMBER 29, 2024

Payroll automation saves time, reduces costs, and boosts employee satisfaction, making it a must-have for any restaurant. Tracking Employee Hours Automatically Automated time tracking eliminates the hassle of manual timesheets and punch cards. Did you know that 40% of employees admit to time theft when manual time tracking is used? [2]

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Tip Distribution Restaurant Law Employee Relations Cash Management 78

Modern Restaurant Management

MARCH 11, 2020

We would like to thank Derek Jones and all of the employees at Smart Foodservice for their dedication in building a highly differentiated business in the cash and carry industry, and we know the company will be in great hands with its new owners.” US Foods to Acquire Smart Foodservice. reducing to approximately 3.0x

Bar 388

Bar Cash Management Loyalty Program Point of Sale 388

7 Shifts

SEPTEMBER 16, 2024

Selling a restaurant can be a major decision for many reasons. One of the main reasons is to cut losses due to financial challenges, with 52% of restaurant owners saying high operating and food costs are really cutting into their profits. Other possible reasons include wanting to retire or find new business ventures.

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2024 Document Point of Sale Cash Management 195

EATER

DECEMBER 8, 2023

The Kikkoman soy sauce bottle in its many iterations. Photos by Nippon & Co, lottaocean , modemedia , and irokk. The famous Kikkoman soy sauce dispenser litters tabletops in countless Japanese restaurants across the United States. According to Kikkoman, the company has sold over 400 million of these utilitarian bottles since their inception.

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Design Food Supply 2001 Employee Relations 344

7 Shifts

JULY 21, 2020

PPP Loans The Paycheck Protection Program seeks to protect jobs and cover other employee-related expenses by offering small businesses SBA loan amounts up to 2.5 Every industry is feeling the impact of COVID-19, but restaurants face some of the most difficult challenges. And no money means mo' problems.

Cash Management 300

Cash Management Government Small Business Healthcare 300

Lavu

MARCH 7, 2025

Related video from YouTube What Is PCI Compliance? 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. Heres what you need to know: What is PCI Compliance? New rules: PCI DSS 4.0

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POS Guest Recovery Document Audits 78

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. Calculating Food Cost Percentage Basic Food Cost Formula To keep your restaurant profitable, you need to know this formula: (Cost of Goods Sold / Total Food Sales) x 100.

Food 78

Food Waste Inventory Seasonal Menu 78

Modern Restaurant Management

DECEMBER 27, 2019

This edition of MRM News Bites features NCR, Bloom Intelligence, The American Food Association, The Dinex Group, Performance Food Group Company, Appetize and Restaurant365, Snackpass, PAR Technology, Net Element, Sensory, GRIF, Picnic and El Pollo Loco. NCR Acquires Zynstra. NCR Corporation acquired U.K.-based

Mobile Ordering 309

Mobile Ordering Customer Service Point of Sale Customer Experience 309

Restaurant365

NOVEMBER 18, 2021

From hiring and onboarding to running employee payments and paying taxes, payroll touches on many different parts of a restaurant business. You receive time in your Point of Sale (POS) system. Tracking labor and payroll data for restaurant employees. However, tracking your labor cost is a bit more complicated.

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Employee Relations Cash Management Point of Sale Front of House 148

Restaurant365

MAY 22, 2020

Recruiting where your potential employees are searching. At this point, you can also provide your new hires with a total compensation report that breaks down their earnings to give them full transparency of their take-home dollar amount. Recruiting better candidates to re-engage your workforce.

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Guest Recovery Recruiting Document Point of Sale 148

Restaurant365

AUGUST 19, 2021

Your overall profit margin depends on your sales relative to expenses. And while it is critical to focus on increasing your sales, one of the most important parts of accounting basics is starting with accurate recording of your expenses. Labor costs (employee wages, payroll taxes, employee benefits, etc.).

Inventory 147

Inventory Management Management Employee Relations 147

Restaurant365

AUGUST 19, 2020

For food service and hospitality in particular, an essential part of the guest experience is the interaction with employees. In addition, in the age of social media, your labor practices and HR policies are under closer scrutiny than ever by both your employees and the public. Design an employee onboarding process.

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Restaurant Law Recruiting Employee Relations Food Safety 131

Restaurant365

DECEMBER 11, 2020

operators, mostly sales) minus your cash outflows (your operating costs, like food and drink, payroll, rent, etc.) For instance, you may need to proactively adjust your labor to meet a seasonal drop in sales, or plan for the best time to spend cash on any needed maintenance or upgrades. over a certain period of time.

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2021 Cash Management Management Management 136

Restaurant365

SEPTEMBER 10, 2021

If your restaurant inventory management system is fully integrated with your point of sale (POS) system, you can streamline and automate as much of the inventory process as possible. Your inventory system can automatically pull sales information to track theoretical inventory. Create a regular schedule for manual counts.

Inventory 138

Inventory Management Management Point of Sale 138

Sling

OCTOBER 25, 2024

Scheduling your employees never seems to get easier, does it? There are so many moving parts to coordinate: time-off requests, overtime, getting the right people working the right shifts, training new employees, finding substitutes, dealing with emergenciesthe list goes on and on. Then well discuss 13 of the best work schedule apps.

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2025 Email Marketing Employee Relations Communication 142

Restaurant365

MARCH 10, 2020

Tracking your inventory shows what is coming into your restaurant, what is leaving your kitchen as sales, and what is left over on your shelf. When you think of your restaurant finances, do you think of your inventory? What is Restaurant Inventory Management? Sitting Inventory.

Inventory 103

Inventory Management Management Waste 103

Bingage

JANUARY 15, 2020

Related Read: Different Types of Restaurant Establishments. The point of understanding is, becoming a restaurateur involves uncountable responsibilities to perform. Do you know the legal procedure Have all the legal documents to start and run a restaurant, etc? Begin with business planning and decide the concept.

Food Truck 96

Food Truck Employee Relations Email Marketing Point of Sale 96

Lavu

NOVEMBER 8, 2019

Every foodservice operator has three fixed expenses: Restaurant Labor—The cost of all employees on the payroll in management, FOH, and BOH. Occupancy Expenses—These are the costs of existing in a brick and mortar location ( or food truck ), including rent, property taxes, and insurance. 5 Concepts of Restaurant Accounting.

Management 101

Management Management Food Truck Cash Management 101

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. A restaurant accountant’s responsibilities typically include the following tasks: Recording transactions in the general ledger —the master document for capturing financial transactions.

Cash Management 90

Cash Management Point of Sale Tip Distribution Inventory 90

Lavu

DECEMBER 20, 2019

Labor costs include salaried employees, hourly wages, benefits, taxes and tips. In Washington, for example, employers must pay employees a minimum of $12 per hour as of April 2019. requires that employees receive a minimum wage of $15 per hour, which is twice the national minimum. Tipped Employees. tipped employees.

Cash Management 78

Cash Management Point of Sale Employee Relations Inventory 78

Restaurant365

AUGUST 21, 2020

For food service and hospitality in particular, an essential part of the guest experience is the interaction with employees. In addition, in the age of social media, your labor practices and HR policies are under closer scrutiny than ever by both your employees and the public. Design an employee onboarding process.

Blog 78

Blog Restaurant Law Recruiting Employee Relations 78

Restaurant365

MARCH 10, 2020

Tracking your inventory shows what is coming into your restaurant, what is leaving your kitchen as sales, and what is left over on your shelf. When you think of your restaurant finances, do you think of your inventory? What is Restaurant Inventory Management? Sitting Inventory.

Inventory 78

Inventory Management Management Waste 78

Margin Edge

APRIL 16, 2020

In short order, we hope to have three additional posts covering the impacts of unemployment insurance on the PPP, creative and high impact ways to deploy your PPP funds, and the specifics around documentation as you begin to think about reimbursement. You can restore your full workforce at any point before June 30th. Stay tuned.

Employee Relations 98

Employee Relations Government Point of Sale 2020 98

Buzztime Business

FEBRUARY 3, 2021

(NYSE American: NTN), today announced that its registration statement on Form S-4 relating to the proposed merger involving NTN and Brooklyn ImmunoTherapeutics LLC (“Brooklyn”) and the proposed sale of NTN’s assets to eGames.com Holdings LLC (“eGames.com”) has been declared effective by the Securities and Exchange Commission.

Specials 60

Specials Cash Management Point of Sale Employee Relations 60

Restaurant365

OCTOBER 30, 2020

In addition, since your food inventory is closely related to your restaurant cash flow , operational oversight of your inventory is especially important in an uncertain economy. In a restaurant, there’s always something that needs to be done. Intentional, informed goals and processes are the core of successful operations.

Operations 78

Operations Management Management Inventory 78

Lavu

MARCH 30, 2020

What’s fun for an owner or manager might be less so for an employee, and the last thing you should want is for resentment to grow among your staff. All employees, whether front- or back-of-house, should be clear on the long-term goals of your business. Clarify Employee Individual Roles.

Employee Relations 78

Employee Relations Training Hiring Back of House 78

Buzztime Business

MARCH 1, 2021

NYSE American: NTN) unanimously urges NTN’s stockholders to vote FOR ALL the proposals to be voted on at the March 15, 2021 special meeting of stockholders, all of which relate to the proposed merger involving NTN and Brooklyn ImmunoTherapeutics LLC (“Brooklyn”) and the proposed sale of NTN’s assets to eGames.com Holdings LLC (“eGames.com”).

Cash Management 60

Cash Management Point of Sale Document Employee Relations 60

Lavu

JANUARY 21, 2020

The process allows restaurant owners and managers to document all financial transactions of the business and determine how well it is performing. They document all the financial transactions of the restaurant, keeping track of the inventory, cash flow, and income statements. .

Cash Management 78

Cash Management Point of Sale Inventory Information 78

Restaurant365

MAY 17, 2022

The most important part of inventory management is understanding how the amount of product relates to your profit margin. A POS system is excellent at collecting sales and labor data. Additionally, your point-of-sale (POS) system may be able to automatically track theoretical inventory based on sales (in product or dollars).

Inventory 78

Inventory Management Management Food 78

Sling

NOVEMBER 3, 2022

Setting the right price point, though, is much more of a balancing act than this definition lets on. If the price you choose doesn’t at least cover all those cost s, your business is going to lose money with each sale. One of the keys to running a successful business is choosing the right retail price strategy. Table of contents.

Retail 78

Retail Pricing Point of Sale Customer Service 78

Squirrel Systems

MAY 31, 2018

Want an easy way to track those sales? Whether you’re looking to sell more of your signature cocktails, seasonal entrees, fresh catch of the day, delicious dishes that don’t get a lot of attention, or even gift cards, employee contests can be a valuable tool in driving sales.

Employee Relations 52

Employee Relations Point of Sale Cash Management POS 52

Lavu

NOVEMBER 27, 2024

Here’s what you need to know: What it is : A cloud point of sale system stores your data online, offers remote access, and works on devices like tablets. Why it matters : It helps you manage payments, inventory, and customer service efficiently, with features like offline mode and real-time updates. Why Choose a Cloud POS System?

POS 78

POS Online Ordering Customer Service Inventory 78

Restaurant365

NOVEMBER 21, 2019

We were using an accounting system called Peachtree, and it was so obvious that it wasn’t made for the restaurant industry — even customizing the reports so that food costs were related to food sales was impossible,” he recalled. Plus, we had to log in using about seven different usernames and logins for each individual entity.

Food 15

Food Demo Point of Sale Pricing 15

Open for Business

FEBRUARY 29, 2024

Information in this article is presented “as-is” and may not constitute the most up-to-date information. All liability with respect to actions taken or not taken based on the contents of this article is hereby expressly disclaimed.

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License Certification Kitchen Safety Food Safety 78

Restaurant365

FEBRUARY 24, 2021

it is difficult to take advantage of advanced restaurant management tools such as inventory or sales forecasting to continue growing your business. Your point of sale (POS) system contains lots of essential information for your restaurant operations. First, your day-to-day bookkeeping tasks become complex.

Inventory 78

Inventory Point of Sale POS Franchise 78

The Restaurant Times

MAY 25, 2021

This involves collecting comprehensive data about cafes operating in the surrounding area, the average footfall, break-even point, and other valuable insights which will help you run your own cafe seamlessly. Cafe businesses can return to profitability provided they have a viable strategy and business plan in place. Business Overview.

Cash Management 52

Cash Management Employee Relations Email Marketing Point of Sale 52

The Restaurant Times

MAY 30, 2021

It gives banks and potential investors information regarding its business objectives – market analysis, management details and financial requirements to sales and marketing, expansion potential, etc. It also outlines details regarding the concept, cuisines to be offered, number of employees, etc. Introduction. Executive Summary.

Point of Sale 52

Point of Sale Food Truck Employee Relations Customer Service 52