article thumbnail

All-in-One Restaurant Management System: How the Pieces Fit

Synergy Suite

By accurately tracking inventory levels and costs, restaurants can effectively manage their food costs, reduce food waste, and improve overall profitability. This information feeds into cash management systems, enabling accurate financial reporting, cost analysis, and budgeting.

article thumbnail

Restaurant Sales and Revenue Data: What It Is, and How to Use It

Synergy Suite

By reviewing and understanding certain aspects of revenue data, restaurant owners and managers can make informed decisions, adapt to market trends, and continually refine their business strategies to ensure sustained growth and profitability. Understanding your revenue data is essential for making informed decisions.

article thumbnail

[Guide] Restaurant Management Tips & Tactics: 2019 Field Guide

7 Shifts

Accounting and finances: Manage budgets and track food and labor costs. Marketing and advertising : Market your restaurant to help achieve optimal restaurant capacity (social media and review management included). Implement Labor Cost Controls.