Restaurant operation requires constant monitoring of profits and losses. This indicator will determine the economic efficiency of the establishment, indicate the profitability of the business, and allow timely measures to correct the situation. It is proposed to use the application for calculating restaurant P&L.
Program Features
This type of software is presented by the web application of the Finoko company. It allows you to track and evaluate all items of expenses and income of the restaurant, determine parameters in specific periods of time.
Among the program’s capabilities, it is worth highlighting:
- Creating graphs, diagrams of the overall business efficiency taking into account specific restaurant activity figures. Visualization of information makes the study process more visual, allows you to take into account all trends.
- Tracking expenses and income in real time, when each expense or receipt of funds will be reflected in the reports, will allow you to control the process.
- Thanks to the program, you can control expenses, their return and optimize the restaurant’s work process.
The application allows you to calculate net profit for any period of the restaurant’s activity.
Calculation criteria
Each catering establishment receives income from the food sold, the number of customers. The most important indicator will be the average customer check, multiplying this parameter by the number of visitors, you can calculate the income.
However, the expenses will be numerous, so the program will allow you to take into account the costs of the following items:
- Salaries of restaurant employees.
- Costs for purchasing food.
- Payment for electricity and utilities.
- Costs for maintaining the active work of the restaurant in the form of depreciation of equipment, maintenance of halls and other activities.
- The costs of advertising campaigns are taken into account.
All these expense items can be adjusted by the owner, for example, the purchase of new equipment will reduce energy costs, or reduce labor requirements. The application can indicate the main expense items, determine where you can optimally reduce costs.
This approach allows you to make informed decisions aimed at optimizing the restaurant’s activities. The owner relies on real indicators, and can track the effectiveness expressed in numbers. The costs of purchasing the program are recouped many times over.
