Sat.Dec 07, 2019 - Fri.Dec 13, 2019

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Restaurant Accounting: The Ultimate Guide

Xtra Chef

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. When done well, proper accounting practices allow you to analyze and optimize financial performance and profitability.

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Wait Not, Want Not: Six Ways to Run Restaurants Without Waiters 

Modern Restaurant Management

They’re the restaurant’s human face: ensuring customers feel welcome, answering questions and bringing out each course with efficiency and charm. That’s right, we’re talking about waiting staff. Waiters and waitresses have always played a big part in the experience of eating out. However, in big cities with high property prices, good ones can be hard to find, never mind pay.

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The New Once Upon A Time: 10 DOs and DON’Ts of Instagram Stories

Buzztime Business

Tell us a story. No really, you should. Because Instagram Stories are one of the latest ways you can bring marketing glory to your restaurant or bar. Don’t believe us? Or, never heard of Instagram Stories? Don’t worry, we have you covered. Here, we’ll break down what Instagram Stories are, why you need them, and… The post The New Once Upon A Time: 10 DOs and DON’Ts of Instagram Stories appeared first on Buzztime.

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10 Tips to Effectively Control Restaurant Food Costs

Lavu

With margins slim and competition fierce, restaurants need to keep their operating expenses under control to remain in business. A profitable restaurant typically has food costs between 28 and 35 percent , making food one of the biggest expenses. Restaurants that succeed in improving their food costs without immediately resorting to band-aid strategies like raising their menu prices or trying to work with less staff gain a tremendous competitive advantage.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Restaurant Customer Experience 2020: What Customers Expect

Focus POS

Who is the next-generation customer and what are their expectations? Today’s diners are well-connected, tech savvy, and expect a high-quality restaurant customer experience—whether visiting a five-star restaurant, fast-casual, or the drive-through. As a restaurateur, understanding where the bar is set, is the first step toward capitalizing on the customer journey.

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How Technology Has Changed Restaurants in 2019

Restaurant365

Technology impacts nearly every aspect of our lives. For restaurants in particular, the impact of how technology is changing the restaurant industry is only growing bigger. It is not only changing foodservice, it’s becoming integral to maintaining successful, profitable operations. From the front counter to the kitchen, technology is everywhere in restaurants.

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Reducing Employee Turnover Starts at the Interview

FreshCheq

Most restaurant operators are very concerned with reducing turnover in their stores. There are a couple of things to consider, but it starts with the interview to make sure that you are hiring the right people and setting the right expectations. There are two real components to that: learning why they want the job, and weeding out the people that are not the right fit.

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6 Marketing Tips for Restaurants

The Eat Restaurant

2019 is almost over, and as mobile marketing has developed over the last decade, it has continued to grow as a marketing channel, especially for small businesses, with easy-to-use and affordable business texting services enabling anyone to use the technology to full effect. With the right approach, SMS marketing works amazingly well at bringing more guests to your restaurant.

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7 Issues that Threaten the Franchisor and Franchisee Relationship

7 Shifts

A strong franchisor-franchisee relationship can be a thing of beauty. Clever marketing and strong branding from a restaurant’s corporate offices can boost sales for franchised restaurants. In turn, this gives franchisors more money from royalty fees, which creates a mutually beneficial cycle for restaurant success. However, with the highs usually come the lows.

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Keeping the Food Chain Safe with Master Data Management

Modern Restaurant Management

How Multi-domain Data Governance Works from Farm-to-Fork. With the escalation of recalls in the food industry leaving a blizzard of regulation in its wake, it is becoming increasingly important that regulatory environments, legal restrictions or requirements, authorizations and accreditations, industry standard practices, and security over monitoring of activity is managed to ensure compliance – even as these mandates become increasingly difficult to understand, Implement or update.

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Reduce Bias in Hiring: Structured Interview Questions for Employers

Structured interview questions are a valuable tool for reducing bias in hiring. They help: Ensure all candidates are asked the same questions in the same way Level the playing field so all candidates have a fair chance of being successful Improve credibility, reliability, and validity Download the guide to get the most out of your interview questions!

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What Jobs are in Restaurants?

360Training

The restaurant industry is vibrant, active—and full of job opportunities. If you’re interested in a career in the restaurant industry, but don’t know where to start, this blog post is for you. Below, we’re reviewing some of the most common jobs in the restaurant industry and what they entail. This way, you can decide which job is right for you!

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Creating a sustainable restaurant in 3 easy steps

Deliverect

Sustainability is a matter that has always been around, but in the past few years this topic has been flaring up in all industries. The millennial generation, one of the biggest driving forces behind the boom in the food delivery industry, is the one that set the trend in motion, challenging our eating habits, environmental concerns and lifestyle choices.

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[Guide] Checklist for Running Payroll

7 Shifts

This post covers general information and does not constitute legal or tax advice — for advice specific to your business, be sure to consult with a professional. Running payroll for a restaurant can seem intimidating. All the taxes, timecard corrections, tip splitting, and IRS forms are a lot to handle. And while using a payroll processor certainly makes things easier, there can still be many steps to remember and lots of information to gather when you’re running payroll.

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Back to the Future: Why New Mover Direct Mail Still Outperforms Digital/Social/Email Marketing

Modern Restaurant Management

Direct Mail Marketing has been around just about as long as mailbox service to homes has been. Barring an apocalypse, there will always be direct mail. That doesn’t mean, of course, that you need to use it to get the word out about your restaurant. I may own Our Town America, a national direct mail marketing franchise, specializing in reaching people who have just moved to the community, but I recognize there are other ways to market your business.

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Food & Beverage Industry Report 2024

Driven by a diverse and exciting ecosystem of passionate, ambitious, and often young entrepreneurs, the Food & Beverage (F&B) sector is a highly competitive environment full of immense challenges and exciting opportunities. Expert Market’s 2024 industry report, sponsored by Toast, is informed by a survey of 522 U.S. food and beverage professionals, from restaurant owners to food service managers, providing insights into the real-time challenges and opportunities within the industry.

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'Tis The Season!

Sante

HolidaySparklingWines.jpg. Author(s): Penny Weiss. Teaser: Six festive sparkling wines to drink over the holidays and all year long! The holiday festivities have begun and I’ve heard a lot of corks popping lately, which is always music to my ears! Champagne and sparkling wines have always been considered the “go-to” drink for celebrations.

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Shift Planning Software: Why You Need It And How To Use It

Sling

Shift planning has gotten easier in recent years with the introduction of cloud-based scheduling software and workforce management tools. What was once a tedious organizational task with paper and pencil — or, if you were lucky, Excel or Word — is now a streamlined and strategic tool for planning, controlling costs, and communicating with your team members.

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Reducing Employee Turnover Starts at the Interview

FreshCheq

Most restaurant operators are very concerned with reducing turnover in their stores. There are a couple of things to consider, but it starts with the interview to make sure that you are hiring the right people and setting the right expectations. There are two real components to that: learning why they want the job, and weeding out the people that are not the right fit.

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To Cater or Not to Cater? That is the Holiday Question

Modern Restaurant Management

Catering can be a great way to increase your sales during the holiday season. You already have the commercial kitchen, staff, customer base, and the economy of scale for bulk ordering so the cost of entry into catering should be relatively low. But before you dive in, understand that catering takes a great amount of planning and strategy. It’s vital that the challenges that come with feeding large numbers of people at ever-changing venues does not negatively impact your current business, c

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Why Every Small Business Needs an HCM Solution: A Comprehensive Guide

Managing HR tasks like payroll, compliance, and employee data can overwhelm small businesses. That’s where a Human Capital Management (HCM) solution comes in. Our eBook, Why Every Small Business Needs an HCM Solution: A Comprehensive Guide , shows how an HCM system automates tedious processes, ensuring your business stays compliant and efficient. You’ll learn how to simplify payroll, eliminate costly errors, and empower your employees with self-service tools.

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Culinary, Economic and Technological Restaurant Trends

The Restaurant Group

Restaurant Trends, Culinary, Tech and Economy. Like most industries, the restaurant/food industry is using analytical data to understand how the market is being influenced and how to follow suit. As a new wave of youthful consumers begins entrenching upon restaurants, there are some key trends that they are particularly attracted to. Here is a look at some of the current culinary, economic and technological trends that will be sure to impress consumers. 1.

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Shift Planning Software: Why You Need It And How To Use It

Sling

Shift planning has gotten easier in recent years with the introduction of cloud-based scheduling software and workforce management tools. What was once a tedious organizational task with paper and pencil — or, if you were lucky, Excel or Word — is now a streamlined and strategic tool for planning, controlling costs, and communicating with your team members.

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RESTAURANT365® RECOGNIZES NEW CERTIFIED PARTNERS

Restaurant365

Flagship Class Completes Partner Certification to Expand Restaurant Accounting Services. IRVINE, Calif. (Dec. 11, 2019) — Restaurant365 ® is proud to announce its first graduating class of Certified Accounting Firm Partners having successfully completed the company’s sought after certification process. In achieving certification, Restaurant365 partners will increase efficiency, optimize labor and expand services for their restaurant clients.

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Tips to Overcome Your Restaurant’s Cash Flow Crisis

Modern Restaurant Management

According to a study, 82 percent of small businesses fail due to cash flow problems. A cash flow shortage occurs when more money is flowing out of the business than is flowing into it. During a cash flow shortage, you might not have enough capital to cover your payroll or other operating expenses. When there is no proper plan or strategy in place for handling cash flow shortage, a cash flow crisis occurs.

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Maximize Restaurant Profitability: 5 Key Strategies to Control Costs Effectively

Running a profitable restaurant requires more than great food and service. Our guide breaks down five actionable strategies to help you control costs and maximize profitability. Learn how to track and reduce food waste, optimize labor costs with smart scheduling, make data-driven decisions with regular P&L reviews, and manage fixed and variable costs efficiently.

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TransAct Furthers Momentum for Acceptance of BOHA! Software and Hardware Ecosystem Through Agreement With Local Convenience Store Operator

Transact

Convenience Store Operator to Deploy BOHA! Terminal and App Across 21 Locations. HAMDEN, Conn.–(BUSINESS WIRE)–Dec. 9, 2019 — TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has secured a new agreement with a local convenience store operator to deploy one BOHA!

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Seasonal Employees And The ACA: Everything You Need To Know

Sling

Do you hire seasonal employees? If so, you may be required by law under the ACA to provide health insurance to some of these workers — or face stiff penalties. If this is your first time hiring seasonal employees or your business is now big enough to qualify under the ACA, it’s vital that you understand the details of what the government expects of you.

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Day 765 Tis The Season!

The Wine Knitter

The holiday festivities have begun and I’ve heard a lot of corks popping lately, which is always music to my ears! Champagne and sparkling wines have always been considered the “go-to” drink for celebrations. But they have evolved into wines that are now enjoyed all year long and not just for special occasions. There are numerous styles to choose from that are produced in wine regions all around the world such as the popular Italian Prosecco, Spanish Cava and Sekt from Germany.

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How to Write a Killer Business Plan for Your Restaurant

Modern Restaurant Management

Opening a restaurant is a big undertaking full of risk. More than half of restaurants fail within the first year and more than 80 percent fail within five years. Poor planning is the root cause of most restaurant failures, but a solid business plan can help you navigate the difficulties that lead to failure and help set your restaurant up for success. .

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The HR Leader’s Survival Guide

HR leaders drowning in paperwork struggle to meet C-suite's strategic expectations. Burnout and high turnover plague the field, with 95% feeling overwhelmed. This guide explores how the right tools can free HR from admin tasks and empower them to become the strategic leaders they’re meant to be.

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New course: Housekeeping practices with Loki Basireddy

Typsy

From learning all about the best practice process for entering a guest room to understanding how important it is to clean and tidy your guests room, being a housekeeper requires an eye for detail and a love for perfection. Housekeeping is also being meticulous to help providing your guests with the best experience.

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Seasonal Employees And The ACA: Everything You Need To Know

Sling

Do you hire seasonal employees? If so, you may be required by law under the ACA to provide health insurance to some of these workers — or face stiff penalties. If this is your first time hiring seasonal employees or your business is now big enough to qualify under the ACA, it’s vital that you understand the details of what the government expects of you.

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9 Reasons Your Restaurant Needs MarketMan

Marketman

The following list entails 9 ways MarketMan can help you to effectively manage your restaurant, control inventory, and allow your restaurant to thrive with the best restaurant management software available on the market today. Marketman combines cutting edge technology with an in-depth understanding of the restaurant industry. It understands your needs, and how to best service them; that leaves you with more time in your restaurant, and less time with labor-intensive paperwork that’s susce

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10 Causes and Solutions for Employee Turnover

Modern Restaurant Management

Employee turnover is every employer’s nightmare. According to the Bureau of Labor Statistics , total turnover rates in 2018 were 44.3 percent, but that’s an average of all the industries. Total turnover for the hospitality industry was 76.7 percent in 2018. Every time a business replaces a salaried employee, it costs the business 6 to 9 months’ worth of that person's salary, according to the Society of Human Resources & Management.

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Best Practices to Streamline Compensation Management: A Foundation for Growth

Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.