Finance & Operations

cafe operations online ordering integrating with pos system

The Future of Cafe Operations: Integrating Online Ordering with Your POS

Finance & Operations, Technology /

In the fast-paced and competitive food and beverage industry, staying ahead of the curve means integrating advanced technologies into daily operations. For cafés, one of the most impactful innovations in recent years has been online ordering systems. Combining online ordering with a robust Point of Sale (POS) system has transformed how cafés operate, boosting efficiency, […]

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how to create a balance sheet for a restaurant

How to Create a Balance Sheet for a Restaurant

Finance & Operations /

Creating a balance sheet for a restaurant involves tracking and categorizing your assets, liabilities, and equity. The balance sheet offers a snapshot of your restaurant’s financial health at a particular moment in time, allowing you to evaluate profitability, liquidity, and overall performance. It is an essential tool for owners, managers, investors, and lenders to assess

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restaurant usage per thousand calculation

How to Calculate Your Usage Per Thousand for Your Restaurant

Finance & Operations /

Calculating Usage Per Thousand (UPT) in the context of a restaurant can help track the consumption of ingredients or inventory and assess operational efficiency. UPT is a key metric that helps restaurateurs understand how much of a particular item is used for every 1,000 sales transactions or meals served. This metric can be applied to

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how to manage a restaurant or cafe with spreadsheets

How to Manage Your Restaurant or Café With Spreadsheets

Finance & Operations /

Managing a restaurant or café can be a complex process that involves various tasks, from inventory management and employee scheduling to financial tracking and sales analysis. While advanced software systems like point-of-sale (POS) systems are commonly used for these tasks, spreadsheets offer a flexible, low-cost, and customizable alternative. In this guide, I will walk you

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recipe costing vs food costing

Recipe Costing vs. Food Costing: What’s The Difference?

Finance & Operations /

When it comes to managing a restaurant or food business, two key terms often come up: recipe costing and food costing. While both concepts are critical to running a profitable operation, they have distinct roles in the financial management of a food service business. Understanding the difference between recipe costing and food costing can help

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restaurant business financing that hurts your business

Restaurant Business Financing That Hurts Your Business

Finance & Operations /

Starting and running a restaurant is a major financial undertaking. From securing the right location to investing in equipment, staff, and marketing, restaurants require substantial capital. While many restaurateurs rely on financing to kickstart or grow their business, not all forms of financing are created equal. In fact, certain types of financing can do more

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brazil pix vs india upi

Brazil’s Pix vs India’s UPI: What’s The Difference?

Finance & Operations /

Brazil’s Pix and India’s Unified Payments Interface (UPI) are both real-time payment systems that have revolutionized digital transactions in their respective countries. Both systems have been praised for their ability to facilitate quick, easy, and secure transactions, and they have played significant roles in advancing financial inclusion. However, there are key differences in their design,

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