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Rakhi Vasavada
Rakhi Vasavada, Financial Advisor
Category: Finance
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Experience:  Attorney and Financial Expert. Have specialization in Financial Laws.Practice experience of over 13 years
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Explain the minimum accounting registrations etc. that are needed for an efficient and ong

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Explain the minimum accounting registrations etc. that are needed for an efficient and ongoing cost of sales  control in restaurants
Submitted: 2 years ago.
Category: Finance
Expert:  Rakhi Vasavada replied 2 years ago.
Dear Friend,

Hello and welcome. Thank you for providing an opportunity to assist you.

No, merely saying controllable costs + menu engineering would be incorrect.

When we are talking about controlling cost of sales, especially for a restaurant, we need to look with greater detail.

Having said this, let us first understand Functions of Control System.

The control system monitors the area where food and beverage sales take place.

· It reduces the pilferage, fraud, and wastage to minimum.

· It provides required information to the management for costing purposes, so that they forecast the statistics accurately for the next financial period.

· It ensures that cashiers make bills correctly so that the customer is neither overcharged nor under charged.

Having said this, rather than explaining here, I would like to point you to a wonderful and detailed resource which deals with this.

http://www.foodservicewarehouse.com/education/restaurant-management-and-operations/restaurant-cost-of-good-sold-cogs-made-simple-/c28016.aspx


I am sure this would help.

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Warm Regards

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