...actual vs. theoretical food costs Track vendor contract pricing to compare what you received vs. what you paid Use suggestive ordering to purchase inventory at
...business plan Restaurant accounting 101 Restaurant concept and design Naming your restaurant Choosing the right layout and suppliers Pricing out your menu How to select
...Restaurant accounting 101 Restaurant concept and design Naming your restaurant Choosing the right layout and suppliers Pricing out your menu How to select the right
...with real-time pricing data. Recipe Costing Mapping your recipes to your POS system menu items helps you understand and control your food costs. Recipe costing
...costs. 5. Maintaining accurate, profitable menu pricing and planning Because a menu is one of the most visible pieces of restaurant marketing, maintaining a relevant,
...well as your items with the highest profit margin, can help you make crucial decisions about which items to promote. Menu engineering analytics allow you
...service restaurant (55-60%) as opposed to a full service restaurant (60-65%). Your product mix, pricing, hours, and quality of food and service can impact the
...verify vendor contract pricing. Vendor errors originating from suppliers’ invoices can be harder to manage than internal mistakes. Automated AP empowers you to track price
...product sales, pricing, operating hours, and level of food and service can impact both food and labor costs, thus affecting prime cost and prime cost
...sold (CoGS). Restaurant inventory management software can help you track your inventory to spot and minimize food waste, and it can also help you keep
...cost-effective pricing (without per-user fees) made it a clear choice. The team was particularly drawn to features like automated bank reconciliation, AP automation, and customizable
...monitor vendor contract pricing, proactively responding to contract violations. Reducing your food cost can also come from staying ahead of internal management issues, such as
...7. Maintaining accurate, profitable menu pricing and planning If your restaurant pivoted toward off-premise channels like takeout and delivery, it is likely that you have
...a restaurant-specific inventory management system can help you quickly identify vendor pricing errors. Similar to reviewing your CoGS daily, running and reviewing your Profit and
...P&L percentage, consider strategies such as refining your menu to reduce waste, optimizing labor schedules, and negotiating with suppliers for better pricing. What Are the
...restaurant management platform should enable daily access to inventory data. When your managers are empowered to make immediate adjustments, such as adjusting the purchase amount
...will depend on your type of restaurant, as well as your pricing, hours, product mix, and geographic location. Breaking down the P&L statement The profit
...your guests. Menu engineering tools map out items by profitability and popularity, showing you how menu items compare. With this information in hand, you can
...Item Analysis can prove an invaluable resource. Contract Violations Report This report is a critical asset in holding vendors accountable. It flags items that are
Restaurant365 bridges the gap between accounting and operations by centralizing all data, helping restaurant operators to become more efficient, accurately forecast, and tackle any challenge or opportunity with speed and accuracy.
