...and functionality. Prior to joining Restaurant365, he held management positions at several restaurants, including seven years as assistant general manager at Jason’s Deli, a fast-casual
...affecting your bottom line. Although it can be helpful to compare labor cost percentages against average restaurant industry standards, different types of businesses can vary
...share of outgoing cashflow. Despite being such a relatively large line item, in many restaurants the cost of ingredients and how that impacts profitability is
...your cash flow and invoice data. Ensuring internal processes are flowing smoothly, automating accounts payable tasks can help you maintain or even increase control over
...Your POS Daily Recording daily sales and categorizing them by cash and credit sales, food versus beverage, or other metrics is vital for understanding your
...food and beverages for the throngs of expected customers, who in their case, never came. 9 Tips to Help Your Restaurant Through the Coronavirus Outbreak
...intercompany reporting and management policies are much easier to enforce across the entire company. Centralize your documents Centralized document management is another essential aspect of
Running a successful restaurant business is all about spending your cash wisely. You invest a large amount of your budget in inventory. When that inventory
...PCI compliance. With the current trend toward cashless transactions, there should be an increased emphasis on PCI compliance in your restaurant business. While many in
...case, after Hurricane Florence, Synergi Partners was able to get nearly $276,050 in employee tax credits for a fast food restaurant in South Carolina with
...3. Adjusting to government-imposed business restrictions During the COVID-19 pandemic, local, state, and federal regulations and restrictions on businesses fluctuated as case numbers have changed.
...group, looking at case studies from the restaurant industry can show you how other restaurants are approaching the challenge. For example, Wow Bao is a
...for replacement this year, based on the estimated replacement costs, facility management software can help you calculate what your cash impact could look like in
...mind when you think of restaurant accounting, your inventory is an accounting function and represents a large financial investment. Those aren’t just cases of produce
...which may help benefit your cash flow planning. Conclusion Ghost kitchens are offering a new and exciting opportunity within the restaurant industry. As you start
Restaurant365 bridges the gap between accounting and operations by centralizing all data, helping restaurant operators to become more efficient, accurately forecast, and tackle any challenge or opportunity with speed and accuracy.
