Your restaurant food cost is pivotal to your business’ financial success. Everything from inventory management to recipe costing plays a role in controlling your cost
...functions. FTR Hospitality works with clients to identify and implement tech-savvy accounting, IT, and other back-office business solutions. Services include outsource accounting and IT, as
...employees, and changes they’re required to make. Introduction With nearly half of the U.S. states implementing minimum wage increases in 2024, business operators across the
Some are predicting a potential boom in the restaurant industry in the post-pandemic era. Consumers are ready to return to restaurants, and companies are innovating
...how each item is performing. Several factors determine a dish’s “strength.” First, ask how many people order the item. Second, examine how much it costs
...business will pay dividends in the near and long-term by providing a cushion against any unforeseen challenges. Try these seven tips to prepare your restaurant
It’s common that a single-location, small-sized restaurant may start the business with generic accounting software, like QuickBooks. And when a business only has one set
...as an Account Executive working directly with current + prospective accounting firms. As I was learning about their businesses & telling prospective partners about how
...demographics, seasonal variations, and accessibility play a vital role in a QSR’s prosperity. Understanding the local consumer base and anticipating market fluctuations can significantly influence
...take in the coming days, weeks, and months to strengthen their business from top-to-bottom. Join industry veteran and Restaurant365 Solutions Architect Marc Cohen for a
...process works A restaurant P&L statement is built from three key parts: sales, costs, and profit. Getting it right depends on accurate, timely data from
...a myriad industries, creating the perfect formula for success for your business. Mpire Concepts was born out of the idea that a business owner’s time
...management, streamlining operations, and ensuring every aspect of the business has a place inside a comprehensive restaurant management platform that offers visibility and seamless communication.
...help businesses tailor their offerings. Overall, Ovation provides a user-friendly way for businesses in the hospitality industry to gather feedback from their customers and improve
...different parts of a restaurant business. In addition, many features of the restaurant industry, particularly for multi-location restaurant groups, set restaurant payroll apart from payroll
...general guideline in the payroll industry is that most businesses should maintain payroll records for three years. However, some businesses that are experiencing special circumstances,
...average U.S. business spends on technology. Given the furious pace of innovation — whether it be in French-fry-dunking or cocktail-servicing robots, automated ordering systems, or
...for our business, where we work with larger clients that already have their own in-house accounting group, which we helped develop while being an outsourced
...new business development opportunities. From third-party commissary kitchens to franchising options to expanding off-premises business, there are many ways to add new income streams to
...they arrive at your restaurant. Conclusion Predictions are a dicey business. At Restaurant365, we understand that every operation is unique. We are committed to helping
...remove inefficiencies before you find yourself drowning in disorganization. Pare down your Chart of Accounts (COA) As your business grows, your chart of accounts grows
Restaurant365 brings together accounting, operations, scheduling, and more in a flexible platform—empowering restaurants to choose the solutions they need and scale with confidence.
