You Need an Automated Invoice Workflow, Here’s Why Without an automated invoice workflow in place, businesses are left to manually review each invoice for accuracy and compliance before approving it. This manual process is inefficient and prone to errors that could result in costly delays or disputes with vendors.
It’s commonplace for customers to tip hospitality workers, and a way of splitting those tips – tip pooling, tip sharing, or tipping out – often go together. Tip sharing is a way for everyone who adds to the customer’s experience to reap the reward for great service, and it’s become more common for the employer …
Top tips for navigating tip pooling, tip sharing & tip outs. Read More »
Bookkeeping is the most important part of running a profitable business. If you don’t know how much money you’re making or where it’s going, you can’t make wise financial choices or help your business grow.
Rewarding and encouraging sales activities is the most common reason for commissions and bonuses. More companies every day are turning to variable pay to show their employees appreciation and retain top talent.
Restaurants across the U.S. embraced technology as a solution to COVID-19 concerns, and it’s continuing to shape the industry and lead to financial recovery for many restaurant owners. QSR Magazine reported 89.6 percent of restaurants offered takeout and 81.9 percent had delivery as an option, a third of which used three or more delivery apps. …
Employee Turnover in Restaurants As a restaurant owner, one of your biggest headaches is likely employee turnover. But why? The annual average employee turnover rate is usually around 12-15%, but limited-service restaurants are facing 135%, according to the U.S. Bureau of Labor Statistics, with full-service not fairing much better at 106%.
Restaurant Startup: Taking the Plunge So, you’ve decided that opening a restaurant is no longer a romantic idea and now you’re taking real steps to turn your dream into a reality. Congrats! One of the first things you will probably do, or may have done already, is search Google for budget templates, sales projection sheets, …
Restaurant Startup 101: Branding and Cost Breakdown From The Pros Read More »
As a restaurant owner, what are the top two biggest expenses for your business? Food and labor. And what are the two most time-consuming and critically important tasks for your restaurant? Managing inventory and payroll.
Is your restaurant’s cash flow forecast cloudy with a chance of shortage? Understanding and monitoring your cash flow is essential to your business’ financial health and growth.
Let’s face it, as an employee who works in the back office, your desk can look like utter chaos! You may have a system to the madness, but your organization and the “clutter” can negatively influence your subconscious.
