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Restaurant365 by Joe Hannon, Product Owner - Operati.. - 1w ago

While your restaurant’s profit and loss (P&L) statement can help you measure and ensure the success of your business, restaurant accounting doesn’t stop with your P&L. Your restaurant’s profitability also depends on effective inventory management and food cost control. Truly understanding your food costs goes beyond a “food cost percentage” calculation. In order to maximize […]

The post Closing the Gap Between Actual and Theoretical Food Costs appeared first on Restaurant365.

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Restaurant365 by John Moody, Co-founder, Restaurant3.. - 2w ago

AP automation has gone from a “nice to have” to a “must have” technology for restaurant businesses that want to succeed in the highly competitive restaurant industry.  Automating AP processes can lead to faster invoice approval, increased productivity, and lower costs. You’re missing out on the many advantages of AP automation beyond improved efficiency if […]

The post Top 10 Advantages of Accounts Payable Automation for Restaurants appeared first on Restaurant365.

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Restaurant365 by Morgan Harris, Co-founder, Restaura.. - 1M ago

In Nike’s 2017 Breaking2 project, every member of the Nike team, from the runners and the battery of Nike scientists and designers, to the trainers and nutritionists, had their sights set on a singular goal – to break the 2-hour marathon barrier.  Each one of the thousands of Nike Breaking2 team members had a role […]

The post Achieving the Restaurant “Big Three” Commands Team Effort appeared first on Restaurant365.

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Restaurant365 by Morgan Harris, Co-founder, Restaura.. - 1M ago

While there are various ways to measure and ensure the success of your restaurant, nothing can replace the profit and loss (P&L) statement for measuring restaurant profitability. However, if you’re like most restaurant operators, you run a P&L once a month or once a period. But by then, the data is old news. Ancient history. It’s […]

The post Why Your Monthly P&L is Useless appeared first on Restaurant365.

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As a restaurateur, you know that cost control and accurate forecasting are key to the success of your business, and to get there, it takes teamwork—particularly between operations and accounting. As restaurant groups grow beyond having an accountant or bookkeeper on premise, it’s easy for operations and accounting teams to start focusing on their own […]

The post How Your Accounting and Operations Teams Can Work More Efficiently Using Restaurant-Specific Systems appeared first on Restaurant365.

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Restaurant365 by Joe Hannon, Product Owner - Operati.. - 2M ago

As a restaurant operator, you may not have control over staff turnover or a new restaurant opening next door, but if you’re serious about achieving your profit margins, you need to have daily access to the data that allows you to manage what you can control – your restaurants’ prime costs. Because labor costs can […]

The post How to Use Technology to Control Prime Costs appeared first on Restaurant365.

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As a restaurant owner or operator, you should always be looking for ways to save time and money. If your plans for the future of your business include growing and adding locations, being able to scale efficiently and profitably is key. Growing restaurants report that automation allows just that. By automating repetitive and time-consuming tasks […]

The post Restaurant Automation That Makes Sense appeared first on Restaurant365.

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Cousin’s Bar-B-Q has been selected as a top 5 Toasty Awards Finalist for Masters of Technology. We’d love if you’d join us in supporting our new customer! Voting is easy: Visit this link: http://bit.ly/toasty19 and click Vote Now. Choose Cousin’s BBQ For “Why should this restaurant win an award,” we recommend: Cousin’s is leading the way into the […]

The post R365 Customer Cousin’s Bar-B-Q Selected as a Toasty Awards Finalist appeared first on Restaurant365.

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