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Having a versatile POSsystem to monitor stock levels, prevent stockouts, and track ingredient turnover can be extremely beneficial. Restaurant POSsystems that integrate with inventory management do far more than just record transactionsthey offer an integrated approach to managing your restaurants inventory.
Please note thought: this article is meant to provide information only and is not a substitute for any professional advice you may receive from an accountant, lawyer, HR, or other professional. POSSystems Your point of sale is the technological heart of your restaurant and the system which is most mission-critical to your operations.
Your fixed costs are covered, and your variable costs are accounted for with each dish or meal you serve. Using Restaurant Accounting Software Modern technology offers powerful tools to streamline your financial management and track your break-even point. It’s the gateway to financial success.
You can determine labor cost percentage per day, week, month, or even year with a simple formula. Here’s another example with real numbers: If your restaurant paid employees $4,000 in a week and brought in $10,000 in revenue, a labor cost percentage calculation would be as follows: 4,000/10,000=.4
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