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Restaurant Bookkeeping: Comprehensive Guide to Master Bookkeeping

7 Shifts

Bookkeeping is one of the most essential aspects of any restaurant business. After all, a small, honest mistake can accumulate over time and turn into bigger operational problems— 17% of restaurants even fail in their first year due to mismanagement of finances.

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Simplify your business by integrating your business operations with POS system

Lithos POS

integrated POS system is the solution for that. We are discussing in this blog What is an integrated POS system? POS system is a system that is used to manage sales, track inventory, customer and employee management, simplify payment transactions, and more.

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Seven Traits of Successful Restaurant Owners and Managers

7 Shifts

Successful restaurant owners have many traits in common. Here we've outlined seven practices of highly successful restaurant owners. The fact that 60% of restaurants fail in their first year and 80% close within five years of their grand opening is an indication that few have what it takes for long-term success.

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Survey Says: Restaurateurs Are Making Expansion Plans

Modern Restaurant Management

Will 2024 be a comeback year for restaurants? Despite challenges including inventory costs, commission fees and staff turnover, many restaurant owners are expressing optimism about moving forward, according to TouchBistro’s 2024 State of Restaurants Report. What results did you find surprising and why?

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Fast Food Restaurant Management – Diving deeper

Lithos POS

Imagine your restaurant as a complex business where each part, from the kitchen staff to the front-of-house team, plays a crucial role in creating a premium dining experience. Now, think of fast food restaurant management as skilled and efficient ensuring that each element works seamlessly together to produce a better dining experience.

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Restaurant Accounting Software: Gain Insight Into Your Financial Operations

Synergy Suite

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.

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A Step-By-Step Guide To Restaurant Accounting

The Restaurant Times

Restaurant accounting is an integral part of operating modern-day restaurants and ensuring consistent growth in the business. It is a process that involves the detailed collection, analysis, and interpretation of various financial metrics of your restaurant. . Benefits Of Restaurant Accounting. Efficient Budgeting.