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Accounting and finances: Manage budgets and track food and laborcosts. Scheduling and payroll: Balance staff and business scheduling needs, create optimal shift schedules, and pay wages and salaries. For more information on food cost and how to control it, read Restaurant Food Cost: Master Operational Risk Today.
Revenue is the lifeblood of any restaurant business. Just like with any business, understanding and effectively managing restaurant sales and revenue is crucial for long-term success. For many restaurant businesses, revenue and sales are often used interchangeably. Revenue and Sales: What are they, and how are they different?
The beauty of a quality restaurant management system is that all the different components work together to make every aspect better and more useful to restaurant business owners and operators. By automating and streamlining purchasing processes, restaurants can improve costcontrol, reduce errors, and optimize cash flow management.
For a full picture of your restaurant business, make sure to consider all revenue sources when calculating total sales. But you can also focus solely on the efficiency of your labor on sales by making the same calculations using only food sales. Your staff worked a combined total of 75 labor hours during this period.
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