Audits Beverage Insurance 
ChowNow
MAY 9, 2025
Food Costs (COGS) Your food costs, or cost of goods sold (COGS), include everything that goes into producing your menu items, including: Recipe ingredients Beverages Condiments Disposables, like to-go containers, straws, and napkins Tracking your food costs percentage helps you understand how much of your revenue is being spent on your menu.
Harbor Touch
MARCH 18, 2025
Ive seen audits flag too-generous pay compared to industry norms. Beverages: water, soda, liquor. Staff pay: salaries, insurance, bonuses. Insurance: property, liability. Ask your accountant if Section 179 fits leases, too. Compensation: Balance Pay and Deductions Wages and benefits for your team are deductible.
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Paper Chase Accountancy
JULY 25, 2025
Detailed Inventory Control: Especially for restaurants, managing perishable inventory (food and beverage) requires meticulous tracking to minimize waste, control COGS margin , and ensure profitability. Operating Expenses Utilities, marketing, supplies, rent, insurance. Payroll Wage calculation, tax withholding, benefits administration.
Lavu
JUNE 26, 2025
It includes all the cost incurred on food and beverage, payroll, taxes, and benefits). Occupancy Expenses: This refers to fixed costs like rent, property taxes, utilities, and property insurance. When properly done, this will also reduce the worry related to auditing of your financial reports. Use the appropriate tools.
Modern Restaurant Management
JULY 1, 2020
shows that consumers feel safer when hotels and restaurants raise their cleaning protocols to include hospital-grade disinfectants and third-party audits. Check clean through periodic on-demand training, auditing and verification that procedures have been followed. Fraud Rates Up.
7 Shifts
AUGUST 18, 2024
Your restaurant is different so ensure you find your ideal food cost (discussed later) Labor cost : Roughly 30% of revenue including management salaries of 10% Insurance varies by provider and type. Fixed costs include rent, mortgage, salaries, loan payments, license fees, and insurance premiums.
7 Shifts
MAY 1, 2024
For instance, you can record your food and beverage sales separately. They speed up your vouching process and help clear up any inconsistencies that could arise during the auditing process. Your aim is to keep your labor + food + beverage expenses at approximately 60% to 65% of the total sales.
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