...numbers, allowing you to create smart employee schedules that optimize labor spend. In addition, with a daily payroll accrual, you are able to compare scheduled
...into granular financial data from anywhere, enabling him to make strategic decisions backed by real numbers. Best of all, Restaurant365 gave managers access to the
...bookkeepers who help keep your numbers in line. However, a dedicated position like a strategist can draw from these accounting numbers, as well as operations,
...costing pulls up-to-date numbers from your Inventory management software, plus sales information from your POS system. With this data, you can automatically calculate food cost
...food prices. Counting your inventory on the same day at the same time on a consistent basis can generate useful, comparable numbers. Establish a consistent
...not spending enough on your workforce, who are your most important asset to providing a top customer experience. There’s a number of factors that can
...management software system pulls detailed data directly from your sales POS system, you can see a real-time representation of your financial situation. Anomalies in your
...from your revenue earned after deducting the CoGS and the cost of ingredients for your menu items. This number is helpful to measure restaurant efficiency,
...Waitlist Length: The number of parties on the waitlist. Earnings Before Interest and Taxes (EBIT): The restaurant’s profitability before interest and taxes are taken into
...through a number of tools and features. It serves as an all-in-one platform that actively streamlines and automates various aspects of franchise operations for sales,
...pitfalls to understanding the real challenges of running a restaurant, this book provides grounded, no-nonsense advice from those who have been in the trenches. 5.
...Read More → Year-End Close Made Simple: Stress-Free Accounting in Restaurant365 Read More → Where to find Behind the Numbers Be sure to subscribe to
...are expected to outnumber teenage workers by 11 million by 2028. “This is such a major shift generationally and we’re seeing restaurants working harder to
...makes up the numbers, so the managers truly understand them and can then take action on labor and ordering,” she stated. “Everything correlates with sales.
...one-time, non-inventory-related costs, like repairs for a broken oven, new barstools, restaurant decorations, or utility bills. Because COGS tracks ingredients, an accurate COGS number depends
...accounts, detecting any discrepancies and accounting errors quickly and accurately. Restaurants have an usually high number of transactions., While monthly bank reconciliation used to take
...average, restaurants will aim for labor cost percentage to fall between 25-35% of sales. However, that number can range, with quick service restaurants on the
...restaurants need to serve walk-in guests and obey occupancy limits. However, the sales of a virtual kitchen aren’t limited by the number of table turns
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.
