How to Increase Your Restaurant Sales With POS

Restaurants POS Software

How to Increase Your Restaurant Sales With POS – What restaurants need is a reliable way to sustainably increase sales. Some of the best ways to do this are through the restaurant point of sale system. Below we discuss strategies to increase your restaurant sales with your point of sale.

Integrated payment flexibility

Remember the old adage cash is king? Well, that’s likely no longer true because people prefer plastic and digital these days. A modern point of sale should let you accept multiple forms of payment tender. This will make customers feel more comfortable and at ease in your restaurant. Payment flexibility is one of the keys to boosting sales since customers who cannot pay with their preferred tender method will likely pick the competition over your business, which is bad for sales. Ultimately, cash isn’t king. The customer is king. Make them feel like royalty by giving them a choice of flexible payment types to ensure they’ll continue offering you their patronage!

You should feel the need for speed

Speed is one of the simplest ways to increase sales in a restaurant. A point of sale system that doesn’t lag and chug away, is one of the simplest ways to boost speed. Since your point of sale system is the central hub of your restaurant business, it needs to be quick, snappy and efficient. Use a cloud-based point of sale to achieve extra speed. Transactions, payments and orders will all be completed in the snap of a finger. Not only will this improve the customer experience and make them more likely to return, but it makes your restaurant operate at greater efficiency. Boosted efficiency passively helps with turnover and increases sales as a by-product.

Loyalty and CRM

One of the best ways to increase sales is to build customer loyalty. Your point of sale system can certainly help you to do that! By having integrated loyalty system and customer relationship management (CRM) inbuilt, you can offer awesome discounts, reward points and great benefits to loyal customers. You can also learn more about what customers are buying in the process, and tailor your items accordingly. For example, when loyalty customers make a purchase, you will know what the spend amount is, what the purchase frequency for that customer is, what items they order, and much more. These data points can be compared across all your loyalty customers to paint a vivid picture of what items you should be selling. Streamline your menu and offer customers what they want for better sales. Also, by targeting customers with relevant emails and ads (based on CRM and loyalty data)  you can show them items and promotions that are likely to have them returning to your business to boost your sales.

Efficiency and automation

Your point of sale system can actually automate basic tasks to boost efficiency.For example, your wait staff can take an order on an ipad point of sale which can be sent instantly to the kitchen. How does this boost efficiency? Well, your staff don’t need to physically write down anything, so anyone with terrible handwriting won’t be a liability to your restaurant. Your point of sale will also negate staff having to run back and forth from the dining area and kitchen to deliver tickets. This saves time and reduces errors. Therefore customers are served faster, which leads to quicker table turnover. All these generates greater sales.

Scalability as you grow

The whole point of opening a restaurant business is to grow and achieve success so that more customers can enjoy your amazing food. Cloud-based point of sale systems have means to facilitate growth. This includes upgrades, new features that you can use as you expand, enterprise options for if you open multiple restaurants and feature updates that give you quality of life improvements and keep up with the latest market requirements. All these things, when done right, give restaurant businesses the tools for growth and to handle more sales. Getting more sales should be a good thing, but if your system can’t handle it or help promote it, then maybe it’s time to get yourself a point of sale that works hard for your business growth and doesn’t require you to compromise to accommodate its shortcomings.

Conclusion

What’s the point of having a POS if it’s not going to help you generate sales? Even if your business is running like a well-oiled machine, if its engine is broken, it can never truly gain traction and accelerate. Your point of sale should be like the power plant of your business, serving as a catalyst of quick growth and traction with customers. By using your point of sale in the above 5 ways, or getting a new one that can offer you the above 5 benefits, you’ll have the means to turn your restaurant into a roaring success as you watch your sales figures climb. Robisearch Limited is the leading restaurant point of sale system in Kenya. Reach us on 0716413386 or 0780655987 to learn more about our point of sale for restaurants

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Must Have Features of An Effective Accounting Software

6 Best Accounting Software and Tips for Interior Designers | Foyr

Accounting software is a tool to help you record the flow of your company’s money and examine your financial condition. With it, you can record transactions, generate reports, manage customer and vendor contacts, create purchase orders, track stock levels, bill customers, and monitor account balances. Accounting software automates many tedious and repetitive accounting tasks, which increases the accuracy of your data and keeps your bookkeeping efficient. If you use cloud accounting software, you can do your accounting anywhere there’s a signal. Below we discuss some of the must have features of an effective accounting software.

Reports and analysis

The accounting software should be able to provide a quick overview of the financials. For e.g. profit and loss, key accounts receivables, payable, expenses and bills. The accounting software should analyse the key aspects of business and present it to the management. The software provides quick information on any important and pending compliance issues, actions for financial activities, & your business operations.

Payment processing

Many accounting systems facilitate customers to pay their bills online. So, your accounting system can help you to collect customer payments and also make vendor payments online.

The accounting systems today provide very simple options for customers to make payments at the click of a button. It saves staff time, reduces administration issues and makes payment collection faster too. The online payments are also recorded automatically in the account books.

Invoice and payments collection

A good accounting software will be able to create a great brand impression for your company. It will provide you customisable options for creating invoices with great look and feel. At the same time, it will provide you options for collecting online payments.

When money is owed to your business, the invoicing module allows you to set reminders and send them to clients. You will get to know the summary of payments owed to you, customer statements, reminders etc.

These systems will allow you to print invoices with custom designed templates, print or send them to customers electronically and receive payments online.

HR and Payroll

Payroll modules are integral components of accounting systems. These provide options to process salaries for employees, manage their training, projects, hourly rates, taxation and other compliances.

The modern accounting systems also provide automated biometric and QR code based options for attendance. The leave management, holidays, company calendar of events, notices etc can be managed through the accounting software.

Inventory & fixed assets

Inventory & fixed assets are critical for accounting needs. Accounting software have the ability to register fixed assets and compute depreciation etc for them. All costs incurred on fixed assets, their up to date track record, calculation of fair value and the dynamics of asset management are important for accounting.

Reports and compliance

Every organisation needs to submit compliance reports to government. The accounting solution must be able to generate the reports as per the company location and regulatory needs.

The accounting solution should help the company to maintain its compliance, mark important dates and generate all reports as per the government regulations.

Accounting data can also be used for deriving important insights about business operations. The accounting systems can also predict and provide insights for critical business functions, budgeting and planning by analysing data.

User authorisation and security

Accounting data is quite sensitive. The way the application stores and accesses data is critical. The accounting software must be capable of high level security of the sensitive data.

Data should be confidential and if any data is tampered or lost, it should be able to provide a trail for all the actions. So, even if someone changes the data, the system has a trail for all activities to take corrective measures. The data security measures must be taken to foolproof information and accounts.

Choosing the right accounting software can make your business operations smoother and more effective. Robisearch Limited has vast experience building accounting and financial software solutions. If you are looking for accounting software, please get in touch with us via 0716413386 or 0780655987.

 

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Benefits of Accounting Software To Small Businesses

Integrated Accounting Software Improves Business Operations

Accounting software is used to collect, record, categorize, manage, access and share accounting data and other financial information from a single platform. It saves companies time and money by automating manual functions, such as creating journal entries, generating financial statements, updating key reports, managing payroll and expenses, and syncing data across different departments.

Saves time and automation

Any good accounting software can automate invoicing by delivering invoice and payment reminders that include links for the appropriate online payment methods. Automation can also help accounts payable, by scheduling bank payments and direct deposits; tax payments, by entering data into the most common tax forms and electronically filing them and payroll, by calculating hours and taxes, processing wages and paying payroll taxes. This elimination of manual processes saves time and improves accounting accuracy.

It gives detailed insights

If your chart of accounts is set up properly, you can use accounting software to track your transactions by departments, projects, locations, or classes. This gives you a clear picture of what your income is attributable to and your areas of expense, helping you generate more specific reports and make strategic decisions.

It reduces inventory errors

The Robisearch accounting software includes basic inventory management tools that automatically update to show the number of each product you have on hand, what’s been sold, and when you need to restock. Accounting software is an easy way to get accurate, real-time information on your stock levels instead of relying on error-prone manual data entry.

More productive employees

By automating routine accounting processes, software can transform key employees from passive caretakers of financial data to proactive creators of business value. Accounting software’s core capabilities — increased accuracy, real-time data delivery, visibility and collaboration — help teams develop better business strategies and communicate across departmental silos, both of which facilitate better-informed decisions.

Remote access

Remote work caused by the pandemic has prompted many accounting departments to add cloud-based accounting systems that make real-time data and information accessible to authorised employees from any place, at any time and on any device. Those features improve efficiency, accuracy, collaboration and decision-making.

Lower cost

The system saves cost, time and resources. Since the software no longer resides on a business’s computers or network, the cloud-based system frees up valuable computing space and allows IT staff to focus on other tasks. Automatic software updates eliminate fees for new licenses, hardware, system maintenance and integration. Those benefits are especially important for businesses in volatile or dynamic markets.

Security and continuity

Accounting software uses encryption and other layers of security to protect data and authenticate users. This is especially important for cloud-based software, where the data resides on a remote server; crucial information is also protected in case of a lost or stolen mobile device or in the event of a fire or other disaster. And small businesses can obtain the same level of security as bigger companies.

No matter the size of a company, the accounting software can help it become more efficient and competitive by streamlining, automating and optimizing accounting and financial operations that were once done manually. Robisearch accounting software makes it easier to enter, manage, track, update and customize core processes, such as accounts, journal entries, transactions, and billing and invoicing, through its dynamic general ledger. Contact us 0n 0716413386 or 0780655987 for a customized accounting system for your business.

 

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