Modern Restaurant Management

APRIL 10, 2024

Restaurant operators have faced stiff headwinds since 2020, with a near-constant swirl of inflation, supply chain and labor challenges. In November 2023, the National Restaurant Association reported that full-service restaurant employment levels were still 4 percent below February 2020 readings.

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POS Systems Back Office Operations Pricing Budgeting 196

EATER

AUGUST 19, 2020

Their food-filled accounts bear little resemblance to the outdated Griswoldian ideal of Great American Travel we’ve been taught to mythologize, but hopefully they provide a small slice of the summertime escape we all deserve.

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Document Accounting Book 107

7 Shifts

AUGUST 12, 2020

So far, 2020 has thrown marketing plans, advertising budgets, and restaurant growth out of the window. There are only 4 months of 2020 left where you can push your restaurant’s marketing hard and set yourself up for success going into 2021. Whatever plans and forecasts you had for your restaurant are yesterday’s bread now.

Marketing 167

Marketing Blog Budgeting Pricing 167

Hospitality Net

FEBRUARY 22, 2024

In 2020 the Sustainability Hotel Alliance found the hospitality sector to be responsible for 1% of global carbon emissions, of which hotels account for around 21%.

Accounting 93

Accounting 93

7 Shifts

AUGUST 7, 2020

Why important: You need to know that candidates will hold colleagues accountable for upholding COVID-19 safety measures. Wrapping up: Best restaurant job interview questions to ask in 2020 Making good hiring decisions is more critical now, in the age of COVID-19, than ever. A team member’s mask isn’t covering their nose.

Server 125

Server Front of House Accounting Training 125

eHotelier

FEBRUARY 8, 2023

the Chinese government announced that it would reopen the country’s borders and allow its citizens to take overseas vacations for the first time since early 2020.

Accounting 130

Accounting Marketing 130

Modern Restaurant Management

JANUARY 15, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features a gloomy start to the new year, dining trends for 2020, the importance of discounts, holiday gift card sales results, delivery frustrations, soda curiosity and a consumer culture report. An Uncertain Start to 2020? Download the full report here.

Marketing 110

Marketing Download Information Events 110

Modern Restaurant Management

MAY 6, 2021

If you have any questions on the process, reach out to an experienced accountant to walk you through the process. The RRF will provide tax-free grants for food and beverage venues that lost revenues in 2020. The requirements are a little different for businesses that started in 2020. How will the program work? Business supplies.

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Document POS Systems Maintenance Accounting 197

Modern Restaurant Management

MARCH 31, 2020

In a newly released deck, it shows the steep decline of foot traffic to America’s businesses in March 2020 due to the spread of Covid19 and associated governmental “shelter in place” orders. New York businesses saw a decline beginning as early as March 9, 2020 and now show a 61 percent YOY decline.

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Communication Sanitation Marketing Catering 112

Modern Restaurant Management

JUNE 26, 2020

Many restaurants are looking at their 2020 budget and wondering – what now? It is time to adjust your 2020 budget, evaluate labor and food costs, update bank reconciliations and take an overall holistic look at your business model and strategy. Restaurants and bars are opening with capacity restrictions and new guidelines.

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Budgeting Accounting Front of House Customer Service 180

Modern Restaurant Management

OCTOBER 26, 2022

This research, from the March edition of the Digital Economy Payments report, “Going Digital to Pay for Travel and Restaurant Dining” also found that credit cards account for the greatest share of food spending with consumers using credit cards to purchase an estimated $29.8 percent in 2020. merchants in 2021, up from 75.9

POS Systems 179

POS Systems Accounting Reservations Pricing 179

7 Shifts

OCTOBER 15, 2020

Examples: Lightspeed Mobile Tap , Toast Tap Save time and labor costs with payroll software Streamline your restaurant accounting & payroll by investing in the right payroll software. They’ll buy a new POS, new inventory management system, new accounting system, and new labor management system. They will do their homework.

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Scheduling Sanitation Accounting Definition 114

Blue Magnet Interactive

JANUARY 14, 2020

Want to keep eyes glued to your accounts? Guests expect a shorter response time than ever, and in 2020, it will be important as ever to be on top of comments and reviews. To 2020, and Beyond. Discover the latest trends with us, from continuing crazes to new gems. Video Content. Demand for Speedy Customer Service.

Marketing 52

Marketing Customer Service Budgeting Accounting 52

Blue Magnet Interactive

JANUARY 28, 2020

While some of the common mistakes we explored in 2013 are still relevant, this updated guide will walk you through mobile “crimes” to avoid and how to fix them in 2020 to fully optimize your website for mobile. 2013 Mobile Mistakes and Their 2020 Counterparts. Flash Videos and Other Unplayable Videos (2013) vs. Autoplay Videos (2020).

Book 52

Book Accounting Events Marketing 52

Modern Restaurant Management

NOVEMBER 2, 2021

Working with an accountant familiar with the restaurant industry can be a crucial step in ensuring your restaurant survives COVID and is equipped to withstand any future crisis. Many businesses set up separate bank accounts as a place to deposit funds for unforeseen situations. Financial Improvement. Payroll Protection Program.

Accounting 189

Accounting 189

Modern Restaurant Management

MARCH 1, 2023

An interesting tidbit about those dark days of 2020-21: restaurants, bars, food trucks and other establishments that were able to remain efficient with their back of house (BOH) services were most likely to survive and even thrive. Beyond the kitchen, make sure your BOH layout accounts for a well-run, efficient office space.

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Back of House Front of House Accounting Budgeting 171

Modern Restaurant Management

APRIL 13, 2023

Matt Ogle, the AP and Vendor Manager for Montana Brands Management (MTB) , a fast-growing Taco Bell franchisee in Western Montana, is responsible for all accounts payables and vendor management for 12 Taco Bell stores and the management entity. This is how they made the investment to automate their AP system.

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Vendor Management Accounting Demo Document 173

Hotel Owner

JULY 27, 2023

Scotland has seen transactions of independent boutique hotels reach £71m in H1 of 2023, accounting for 43% of all deals year to date, according to Savills. Savills attributed this significant increase to the sale of the Waldorf Astoria Edinburgh, the Caledonian, which alone accounted for 51% of the total figure.

Accounting 98

Accounting Marketing 98

Eat Restaurant Management

MAY 28, 2020

It forms the basis of proper restaurant accounting.

Budgeting 82

Budgeting Accounting Information 82

Hotel Business

DECEMBER 12, 2023

The hospitality industry has been facing two major TV casting challenges: the end of sale for Chromecast v3 and the Netflix account-sharing policy changes. Nomadix Casting was originally introduced in 2020 and has been well-received by global hotel customers. Nomadix Inc. has expanded its TV casting solution.

Download 102

Download Server Accounting 102

Hotel Business

APRIL 4, 2024

2020 was a critical year for hospitality—it was, without a doubt, a devastating year for the industry, but it also presented some unlikely opportunities. I was furloughed in early 2020 like so many others in hospitality, so I began taking on freelance clients in need of development and design support.

Accounting 59

Accounting Communication Presentation Marketing 59

Modern Restaurant Management

MAY 24, 2022

It has been estimated that credit-card giant, Mastercard observed a 40 percent jump in contactless payments, comprising tap-to-pay and mobile pay in the first quarter of 2020 as a large number of shoppers feared germs on cash and credit cards. Surging Deployment in the Restaurant Industry.

Marketing 203

Marketing Sanitation Customer Service Accounting 203

Are Morch

MARCH 31, 2023

As per the International Energy Agency, renewable energy accounted for 72% of new power capacity added globally in 2020, with solar power being the leading source. Hotels are among the most energy-intensive buildings, making them ideal candidates for renewable energy adoption.

Accounting 59

Accounting Article 59

Modern Restaurant Management

APRIL 8, 2020

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allows employers to defer their share of 2020 Social Security payroll taxes. Funds can be used to pay fixed debts, payroll, accounts payable, and other bills. Employee Retention Credit. the maximum per-employee credit is $5,000). Payroll Tax Deferment.

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Multi-Unit Operations Accounting Document Information 209

EATER

JANUARY 11, 2022

Your favorite food influencer has probably collaborated with the FeedFeed account, been featured on it, or promoted the hashtags in pursuit of a boost in followers and visibility. There’s no singular personality representing the account, no cult of curated personas. Cohen left his position at the FeedFeed in August 2020.

Accounting 120

Accounting Article Events Catering 120

Modern Restaurant Management

MAY 24, 2022

It has been estimated that credit-card giant, Mastercard observed a 40 percent jump in contactless payments, comprising tap-to-pay and mobile pay in the first quarter of 2020 as a large number of shoppers feared germs on cash and credit cards. Surging Deployment in the Restaurant Industry.

Marketing 179

Marketing Sanitation Customer Service Accounting 179

Modern Restaurant Management

MARCH 29, 2022

California consumers account for approximately 13 percent of pork consumption across the country. The first phase of the law went into effect on January 1, 2020 and set requirements for cage sizes for egg-laying hens and veal.

Accounting 164

Accounting 164

Modern Restaurant Management

NOVEMBER 10, 2020

In April 2020, Congress implemented the PPP program offering businesses forgivable loans to cover costs associated with payroll or certain other operating costs, like mortgage payments or utilities, for a period of 24 weeks (the covered period). Because that is how it was designed. When Is the Right Time to Apply for PPP Loan Forgiveness?

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Document Scheduling Accounting 189

Hotel Business

FEBRUARY 10, 2023

The ADR level would rank third among host markets behind Miami in 2020 and San Francisco in 2016. The overall Phoenix market comprises 544 hotels accounting for 70,488 rooms. Even with 11.7%

Accounting 105

Accounting Marketing Events 105

Modern Restaurant Management

APRIL 27, 2020

Other than for payroll, these obligations must have existed prior to February 15, 2020. Borrowers will have until June 30, 2020 to restore employee headcount and/or wages to avoid the penalty on the forgivable nature of the loan. Should the loan payment be placed in the same bank account our restaurant uses now?

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Document Accounting Article Events 216

EATER

MARCH 17, 2023

On her Instagram account, Hammond posted a photo of a cake. Via his own Instagram account, Fielding seemed especially excited about the change. In 2020, she participated in a celebrity edition of the show to raise money for cancer research, and audiences were instantly charmed by her infectious humor.

Accounting 101

Accounting Presentation 101

Hospitality Magazine

JULY 17, 2023

Workers employed at Hobart outlets in Kingston, Lindisfarne, and Eastlands, are said to have been underpaid between July 2017 and October 2020. We will use all laws and powers at our disposal to ensure franchisors are held to account when they fail to address non-compliance in their networks,” says Acting Fair Work Ombudsman Kristen Hannah.

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Document Scheduling Accounting Magazine 130

Modern Restaurant Management

MARCH 19, 2021

percent (ccc) probability of default (PD) right off the bat in April of 2020. Moreover, the National Restaurant Association found that: Restaurant industry sales in 2020 were down $240 billion from expected levels. Restaurant industry employees in 2020 were down 3.1 million from expected levels.

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Document Accounting Information 189

EATER

JUNE 8, 2020

The image, which has since been taken down from Shubuck’s Instagram account (but was up as of this morning) featured the caption “me and my papi” and the hashtag “boricua.”. link] pic.twitter.com/odZnFLz2gd — chez tammie (@tammieetc) June 8, 2020. Joseph Hernandez (@joeybear85) June 8, 2020. Thank you.”. Bc folks need help.

Accounting 144

Accounting Presentation 144

Modern Restaurant Management

DECEMBER 22, 2020

Off-premise dining now accounts for 60 percent of total sales in 2020 compared to 40 percent in 2019. Many of the trends that will take place in 2021 will build upon the lessons learned in 2020. ? The focus on off-premise sales has allowed us to stay ahead of the industry, where we have come in 11.79

Sanitation 197

Sanitation Communication Catering Accounting 197

Modern Restaurant Management

MAY 16, 2022

That’s up from $640 billion in 2020. In 2020 the pandemic severely hit restaurants across the U.S. Midway through 2022, COVID-19 is still a problem, albeit nowhere near the size and scope of 2020 and 2021. ” Covid Issues Still on Front Burner. with many having to shut their doors.

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Budgeting Special Events Maintenance Events 208

EATER

JUNE 29, 2021

The 2022 James Beard Awards will reflect policy and procedure changes in light of an audit that began in August 2020 and will be completed this summer. The James Beard Foundation essentially canceled its 2020 awards citing pandemic-related hardships in the American restaurant industry.

Events 87

Events Accounting Training 87