Where do I change my food cost forecast?
Go to the navigation menu, choose Budget & Forecast and select your cockpit. Here you can insert or update your forecast and budget for food cost…
Food cost
Topic
Food cost
My food cost % is wrong (too high/low). Why is that?
1. Make sure you are looking at the correct period, MTD or Month-end. 2. Are opening and closing correctly inserted? 3. Are purchases entered correctly? 4.…
Food cost
What is the recommended number of turnover days?
Fewer turnover days means that you are selling your food quickly and often indicates less waste and lower food cost. The recommended number of turnover days…
Food cost
My turnover days are set to 32. What does that mean?
Turnover days that are greater than 10 indicate that the amount of stock is higher than your business need. Fewer turnover days means that you are…
Food cost
How do I estimate my Closing Inventory?
Opening Inventory + Purchases = the Cost of goods available for sale (COGAS) COGAS x Cost percentage = Cost of goods sold (COGS) COGAS – COGS…
Food cost
Why is opening and closing stock important?
1. Keeping track of opening and closing stock helps head chefs to efficiently manage and control their stock to minimize the risk of waste, track product…
Food cost
What is opening and closing stock?
Closing stock is your inventory or estimated inventory, if you do not have a counted stock account. Opening stock is the closing inventory from last month.
Food cost
What is turnover days and how is it calculated?
Turnover days is how many times an average stock is being converted into sales. Fewer turnover days means that you are selling your food quickly and…
Food cost
What do I enter in the Purchase column?
Manually enter the total value of your food purchases as a lump sum in the Purchase column on the day they are delivered, excluding VAT.
Food cost
What are my routines in the Food cost cockpit?
1. Enter the total value of your food purchases as a lump sum in the Purchase column on the day they are delivered, excluding VAT.
Food cost