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Restaurants / Hospitality

How POS Systems Help Restaurants Optimize Efficiency and Financial Performance

How POS Systems Help Restaurants Optimize Efficiency and Financial Performance

Last updated on June 16th, 2025Restaurant point-of-sale (POS) systems serve as command centers where numerous functions come together, streamlining everything from order taking and payment processing to sales monitoring and inventory management. Beyond helping restaurants optimize their everyday operations, point-of-sale systems also help promote long-term success by providing critical insights
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Do You Have a Succession Plan in Place?

Do You Have a Succession Plan in Place?

Last updated on May 5th, 2025You’ve put countless hours—and likely many years—of hard work, dedication, and passion into your restaurant business. To ensure that the legacy you have worked so hard to build continues after you step away, you need to formulate a plan for the future of your business.
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The Importance of Revenue Forecasting for Restaurants

The Importance of Revenue Forecasting for Restaurants

Our last article discussed the rising costs facing restaurants due to factors such as increased tariffs, higher minimum wages, and the bird flu. During times of economic uncertainty, financial planning becomes even more critical to the survival of small and medium-sized businesses. This is especially true in the restaurant industry,
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How the New Tariffs Will Impact the Restaurant Industry—and What Restaurants Can Do to Prepare

How the New Tariffs Will Impact the Restaurant Industry—and What Restaurants Can Do to Prepare

It’s no secret that costs are rising for just about every industry these days. The restaurant industry in particular is facing increasing financial pressure due to a variety of factors. The recent bird flu outbreak has led to shortages of egg and chicken supplies, causing a steep rise in prices
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2025 Updates: Minimum Wage for Tipped Employees and NYS Tip Credit

2025 Updates: Minimum Wage for Tipped Employees and NYS Tip Credit

Last updated on February 7th, 2025Despite some controversy, the minimum wage for tipped employees in New York State remains in place as of early 2025, with wage rates increasing from last year. Beginning January 1, 2025, the minimum wage rate for tipped food-service workers increased from $10.65 to $11.00 per
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Eight Tax Questions Restaurant Owners May Want to Consider in the Last Four Months of 2024

Eight Tax Questions Restaurant Owners May Want to Consider in the Last Four Months of 2024

In the blink of an eye, it will be September and there will be just four months left in 2024 to maximize tax credits and deductions for your business. Here are some questions you may want to think about to make the most of the time left in 2024. Have
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More than 20 Ways Technology and Automation Solutions Can Help Restaurants Thrive

More than 20 Ways Technology and Automation Solutions Can Help Restaurants Thrive

Last updated on July 23rd, 2024From enhancing customer experience to streamlining operations, technology has become a competitive game-changer. Here are more than 20 ways technology, software and apps are promoting productivity, saving money, or improving service in the restaurant sector. Automated invoicing and inventory systems connect with your POS and
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Know Your Numbers: The Importance of Monitoring Food, Labor, and Operation Costs

Know Your Numbers: The Importance of Monitoring Food, Labor, and Operation Costs

Forecasting, tracking, and managing food costs, labor costs, and operation costs helps foster strong financial management during the best of times. These actions take on a whole other level of importance during the uncertain times we’re navigating today. With food prices up 25% since 2020 and labor costs up an
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Map of Qualified Census Tracts (QCTs)

  • Move map to NY and scroll to zoom in
  • Under Map Options select “Color QCR Qualified Tracts”