Modern Restaurant Management

AUGUST 22, 2022

Consumers continue to be hit hard by inflation as we see prices skyrocket for a variety of goods. These high prices are certainly taking a toll on consumer spending, which will eventually change their restaurant dining habits. This was especially true in June, when inflation soared to 9.1%

Accounting 197

Accounting Bookkeeping Pricing Marketing 197

The Restaurant Times

AUGUST 5, 2022

Restaurant accounting is an integral part of operating modern-day restaurants and ensuring consistent growth in the business. Typical accounting methods have not been able to cope with the fast-changing demands of the restaurant business. Benefits Of Restaurant Accounting. Key Restaurant Accounting Metrics. Labor Costs

Accounting 52

Accounting Bookkeeping Budgeting POS Systems 52

Synergy Suite

JUNE 6, 2023

A powerful tool, restaurant accounting software can revolutionize the financial management of your food service establishment. What is Restaurant Accounting Software? Restaurant accounting software is a specialized software solution designed to manage financial and accounting tasks specific to the restaurant industry.

Accounting 52

Accounting POS Systems Budgeting Bookkeeping 52

Modern Restaurant Management

FEBRUARY 27, 2023

Hold Vendors Accountable to Contract Pricing As restaurant owners receive vendor invoices, they should use a system that can track purchased item costs to discover any contract violations. Reviewing these numbers frequently can help to hold vendors accountable to the prices they are quoting.

Bookkeeping 189

Bookkeeping Budgeting Scheduling Pricing 189

Modern Restaurant Management

JANUARY 31, 2024

Inventory : Generally, when food costs go up, operators will raise their menu prices by a small amount. But what we’ve found is that operators have been leaning on menu price hikes to cover their expenses for more than two years now, and they’ve finally reached the limits of what consumers are willing to pay.

Multi-Unit Operations 203

Multi-Unit Operations Bookkeeping POS Systems Pricing 203

Lithos POS

DECEMBER 19, 2023

He acts as an accountant, overseeing invoices, payroll, profit and loss statements, and tax records. The bookkeeper or accountant is responsible for managing the restaurant’s financial records, including accounts payable, accounts receivable, payroll, and financial reporting.

Front of House 52

Front of House Scheduling Communication Bookkeeping 52

7 Shifts

MARCH 11, 2020

You’ll likely need the help of legal counsel, a business strategist, accountant and bookkeeper, and marketing and PR consultants to set yourself up for success. If too little is ordered, you may find yourself running to the grocery store and paying marked up prices for supplies you need to fulfill orders. Check out these U.S.

Budgeting 141

Budgeting Scheduling Training Bookkeeping 141