In my last post, I wrote about a study that predicts increases in the minimum wage will lead to significantly more restaurant closures. Clearly, many restaurants and bars are unable (or failed) to raise their prices in response to increases in the minimum wage, resulting in their ultimate demise. (more…)
Archive for the ‘Labour Costs’ Category
Will Your Restaurant Survive The Minimum Wage Hike?
Posted in Cost Control, Labour Costs, Management, tagged Bankruptcy, Labour, Minimum Wage, Operations on June 19, 2017| 2 Comments »
POS for Thought
Posted in Accounting, Cost Control, Internal Controls, Labour Costs, tagged Accounting, Analysis, Cost Control, Internal Controls, Operations on February 14, 2010| 1 Comment »
I’ve purchased several POS systems for my restaurants over the years. As an accountant and restaurant owner, I think I can give you a bit of practical advice when it comes to implementing a POS system in your restaurant. I visited a few web sites to see whether this topic had been adequately covered and found that there are still a few useful things to say. This article fills in a few of the missing details you should know about.
Most advice is written by people associated with a particular POS developer or a firm that implements such systems. Do you think they might be biased? I do. Based on my experience and research, all of the leading POS systems have very similar capabilities. Many provide the usual management capabilities in the standard package. Others provide functions commonly employed in a basic bistro style operation, and require you to purchase additional modules, if needed, such as inventory control (ingredients), menu engineering (recipes and costing), labour scheduling and time control, reservations, delivery, pool table rentals, etc…