Hospitality Magazine

FEBRUARY 6, 2023

People will adjust their budgets and choices, and you’re flexible enough to meet them with fresh new offers. A digital menu gives you endless flexibility to experiment with new dishes, drinks and pricing. If something doesn’t work, it’s gone in minutes, or you can raise the price if it’s a success. Upgrade your menu.

Bookkeeping 162

Bookkeeping Pricing Book Customer Service 162

Modern Restaurant Management

FEBRUARY 27, 2023

Businesses can run promotions, such as early bird specials, to attract budget-conscious diners and use an email database to get the word out. Use creativity to market a restaurant on a limited budget. Reviewing these numbers frequently can help to hold vendors accountable to the prices they are quoting.

Bookkeeping 189

Bookkeeping Budgeting Scheduling Accounting 189

7 Shifts

AUGUST 2, 2024

Step 2: Look for a trustworthy restaurant accountant Even if you already know the restaurant bookkeeping and accounting process well, we suggest hiring a professional accountant to help ensure your business complies with local tax, payroll, federal, and state laws. As a rule, this should make up about 1/3 of your total expenses.

Accounting 158

Accounting Bookkeeping Pricing Budgeting 158

7 Shifts

MARCH 11, 2020

Don’t forget to budget for training, installation, and support costs. Utilities Budget 5% of your operating budget for utilities. 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. Check out these U.S.

Budgeting 141

Budgeting Scheduling Training Bookkeeping 141

7 Shifts

AUGUST 18, 2024

Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. These costs are easier to budget for when opening a restaurant because they don’t fluctuate much each month. Indeed, controlling restaurant costs is one of your biggest challenges.

POS Systems 148

POS Systems Scheduling Budgeting Pricing 148

The Restaurant Times

AUGUST 5, 2022

Efficient Budgeting. Accurate accounting methods can help you create efficient budgets for the future. You can also regulate the price of your menu items once you know exactly how much each meal has cost in preparation. Keeping an accurate track of the COGS helps you regulate the pricing of food items. Labor Costs .

Accounting 52

Accounting Bookkeeping Budgeting POS Systems 52

Modern Restaurant Management

DECEMBER 21, 2020

There is incredible pressure to keep prices low – American labor is expensive and this business is very labor-intensive – profit margins have been diminishing for years – we're a breakeven industry at his point – something has got to change. Especially when budgets get tight. How to smile through a mask.

Communication 180

Communication Marketing Bookkeeping Budgeting 180