Keep your sanity, and your money. We know your bottom line is important to you. Point of Sale systems were built to save you time and money. It provides restaurateurs with all of the organizational needs to account for their daily sales transactions; however, most businesses forget to use them to their full potential. Therefore, we’ve taken the time to remind you of 5 money saving tips to help fatten your pockets.
1. Save on Staff
You need your staff just as much as they need you, and labor costs are an unavoidable operational expense. What would you say if I told you that you could actually use a POS as a way to save $$$$ on your employees?
POS systems can prevent employees from clocking-in early or clocking-out late. You set privileges, and manage them with your employees, by using a code system depending on whether they are servers, bartenders, cooks etc. Once your business has been up and running for some time the POS can help manage your daily operations, including your employee scheduling, by making sure you’re not over-staffing.
2. Go Green
Saving trees will save you money. Besides the obvious of cutting back on paper usage, a good POS system will allow you to email receipts, and guess what? That means you’re collecting your customers’ e-mail addresses, and you will be able to keep in touch with them when they need you the most.
3. Be Buddies
Excellent customer service is imperative for growing your business. Building your repeat clientele, gaining new customers, and up-selling to these customers helps put money in your pocket. The worst experience is getting your food when you’re out to eat and it’s wrong. Choosing a handheld option that links to your system allows your wait staff to place orders directly from your customer’s mouth. Think that’s it? You’re wrong. Your wait-staff will also be forced to ask the customers if they want an up-sell based on their order. More money spent by your customers puts more money in your pocket.
4. Inventory Domination
Luckily for you, the brains of a POS know what’s in stock at the both the start and end of the day, week, month, and year, all with the push of some buttons. Whether food costs are high, or ordering is off, you want to keep track of what you have so you can track down the problem and avoid losing money.
Thievery: Not everyone is as honest as you, and sometimes people steal. Watch out if your food losses aren’t matching up with what you have left behind.
More accurate ordering: Falling short every month? Then you’re not making as much money as you could. Too many left-overs? Then stop spending so much money! Keep track either way by using a POS to keep a steady cash flow.
5. Adios Accountant
Who likes accounting season? Not me. Admin and reconciling are my least favorite things to do as a business owner. Especially since Uncle Sam wants to take as much money from you as he can. A POS system can help streamline this process. All of your spending and income has been tracked throughout the year on your POS system. It has also clearly made the difference between sales tax and other non-income fees on your total sales. Now, instead of you being consumed by paperwork, do me a favor and ask your POS system to print this out for you in a consolidated report. The magic of pressing a button hard at work again.
Like our tips or want to hear more? Drop us a line @ Blogpointos@gmail.com.
See you next week!
Your devoted hostess,
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