Profit Margin Calculator: Understanding and Improving Restaurant Profit Margins
Profit margin is a guidepost to the overall health of your business. If you have a solid profit margin, that means you earn substantially more than the cost of production on each sale. It’s common to target a certain profit margin in operational decisions. Profit margin can be used as a tool for pricing, and […]
Restaurant Produce Ordering Guide
Does your restaurant have a streamlined, dependable process for ordering produce? From smaller, independent establishments to large franchises – and every restaurant in between – it (literally) pays to have a restaurant produce order guide that works for your kitchen staff. A produce order guide is the ultimate money saver, and it’ll ultimately benefit your […]
Restaurant Produce Storage Guide
How you utilize your restaurant ingredients to eventually make tasty meals is important. But what about when those ingredients, particularly produce, are in storage? Are you up to speed on the latest restaurant food storage guidelines? Master this tactic, and you’ll be amazed at how everything from profit margins to customer satisfaction improves. While we’re […]
Restaurant Menu Pricing: The Secret to Your Restaurant Success
Restaurant Menu Pricing: The Secret to your Restaurant’s Success What’s the one key ingredient – figuratively speaking – of your restaurant’s ultimate success? Some restaurant or bar owners think it’s all about location, location, location. Others may lean toward a loyal customer base. And don’t forget about seasonal swings and capitalizing on the “perfect timing” […]
How do Successful Restaurants Manage Inventory?
What’s the Best Way to Manage Your Restaurant Inventory? What is inventory management? How do successful restaurants manage inventory? Does your restaurant have a sound strategy for this critical restaurant to-do? You have questions about restaurant inventory management…and RASI has the answers! Our restaurant accounting software, including a powerful inventory management application, helps restaurants just like […]
How to Calculate Food Cost
The Importance of Calculating Food Costs Every restaurant operator has a multitude of responsibilities. From profit optimization to menu engineering, there’s never a shortage of factors to contend with. Thanks to recent spikes in inflation and rising costs, food cost percentage is suddenly back as a hot topic — and for good reason. By even […]
5 Important Restaurant Management Skills
Restaurant Management Skills Every well run organization starts at the top. Sometimes, managers are brought in from another restaurant. And more often than you think, regular employees are promoted to manager. But which restaurant management skills separate the good leaders from the great ones? What’s more critical – organization or people skills? And what tools […]
How Do Small Business Restaurants Make a Profit?
What is restaurant profit margin? One of the most critical metrics to understand and track as a restaurant operator is your restaurant profit margin. Simply put, to remain in business, you need to understand your margins and everything that goes into them. This seemingly simple metric contains a fair bit of complexity under the hood. […]
How To Use A Declining Budget – Top Restaurant Food Cost Management Tips
One of the most essential tools in restaurant accounting to effectively manage food cost is a Declining Budget. When used properly, a Declining Budget can be one of the best tools for stabilizing your costs as well as increasing your cash flow. What is a Declining Budget? A Declining Budget is used in the restaurant industry to […]