BondEsq Restaurant Tips
Shawn Bond
Director @ BondEsq Accounting & Bookkeeping Services | Helping Food & Beverage businesses looking to reduce costs, reduce waste, track costs, file taxes on time, get bigger tax returns and expand their business.
Every Food & Beverage business, face accounting and bookkeeping challenges and by providing a few tips aim at helping your business more profitable, we focus on seven (7) things you can do to manage your food cost.
Track Your Food Prices
It pays to track food prices and know whether they are predicted to increase or decrease. By tracking food prices, you can revamp your menu so your recipes include more affordable alternatives.
Conduct Inventory Regularly
Do you know where your food is going? If not, we encourage you to take inventory regularly and consistently so you can stay on top of your food usage and associated costs. Conduct an inventory of your food, beverages and serving supplies at least once per week This helps you keep control of your costs.
Taking inventory also helps you during your ordering process and keeps you from ordering too much or too little. You also know how fast items are being used.