Calculate Food Cost | 5 Steps to Reduce Costs for Restaurant Management
Learn how to calculate food cost and monitor the price changes in your business. James Clary teaches how to avoid the error most management makes that costs time and money. Lower your food cost percentage on your menu like a smart owner. Get a demo: www.foodcst.com Related Tags: food cost calculator food cost percentage restaurant consulting restaurant owner the restaurant boss ryan gromfin restaurant food business excel cost control standard food cost formula food cost inventory spreadsheet food cost formula pdf food cost calculator app food cost software for mac food cost calculator software food cost calculator excel food cost percentage formula excel food cost percentage definition The proper calculation is Beginning Inventory + Food Purchases - Ending Inventory. This number provides the restaurant's Cost of Goods Sold (COGS). The COGS is then divided by Food Sales, and the resulting number is your exact food cost. For more information on restaurant software provided by Foodcst you can visit www.foodcst.com.
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