Synergy Suite

JUNE 3, 2024

That’s why mastering the art of restaurant bookkeeping is a skill not to be overlooked. This guide will walk you through the essentials of restaurant bookkeeping, offering techniques to streamline your financial processes and ensure your venture flourishes. What Is Restaurant Bookkeeping and Why Is It Important?

Bookkeeping 52

Bookkeeping Accounting Information POS Systems 52

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. It helps you accurately price your menu items , has a direct impact on your prime cost and helps you run a profitable restaurant. Let’s get started. Why is Food Cost Important?

POS Systems 148

POS Systems Scheduling Budgeting Pricing 148

Synergy Suite

JULY 20, 2024

What Is Restaurant Bookkeeping and Why Is It Important? Restaurant bookkeeping is a crucial aspect of managing a successful restaurant business. Effective bookkeeping provides owners and managers with valuable insights into the financial health of their restaurants and helps them make informed decisions to improve profitability.

Bookkeeping 52

Bookkeeping Scheduling Accounting Information 52

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

7 Shifts

MAY 23, 2024

You can decide whether to adjust its price or tailor your recipe by looking for alternatives to some of your ingredients to make profits from that order. It can also help you know when to look for a new vendor to supply you with the same quality ingredients at a more affordable price.

Bookkeeping 88

Bookkeeping Scheduling Training Accounting 88

The Restaurant Times

AUGUST 5, 2022

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. Traditional accounting methods need to import data from your POS system. Key Restaurant Accounting Metrics. Labor Costs

Accounting 52

Accounting Bookkeeping Budgeting POS Systems 52

7 Shifts

MAY 23, 2024

Food cost percentage When deciding how much to price your menu items, TouchBistro advises keeping the food cost percentage anywhere between 20% and 40%. You can easily retrieve this data from your POS system. Solutions can include preparing for possible changes in pricing, staffing, customer trends, and new technology.

Budgeting 88

Budgeting Bookkeeping Accounting Scheduling 88