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Average Restaurant Profit Margins: What They Are And How to Improve Yours

ChowNow

It factors in all your operating expenses, like labor, rent, insurance, equipment repairs, marketing, and more. Your cost of goods sold (ingredients, beverages, packaging, etc.) came to $35,000, and your operating expenses (labor, rent, insurance, etc.) This is the number that truly reflects your restaurants financial health.

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Save Big: Top Restaurant Tax Deductions & Credits

Harbor Touch

With a POS system like SkyTab and solid accounting software, you can track it all without losing your mind. A restaurant POS system like SkyTab, though, has no upfront cost, just $29 per month. For his SkyTab POS, he deducts the $29 monthly fee as an ongoing expense. Credit card tips pull from your POS system.

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Restaurant Cost Control Strategies Every Operator Should Be Using

ChowNow

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.

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How to Read a Restaurant P&L (Profit and Loss) Statement + Free Template

SpotOn

For weekly or more in-depth reporting, accounting software that integrates with your POS system is recommended.  Your P&L line items should be consistent with the ones on different platforms—POS, inventory management, and accounting software. Those sales line items should match the ones in your POS reporting.

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Restaurant Accounting Tips Made Simple: Expert Ways to Boost Profits in 2025

Lavu

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. The cycle starts with the buying of a meal by a customer, with the transaction being recorded by the POS system.

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Inside the World of Hospitality and Leisure Accounting

Paper Chase Accountancy

Point-of-Sale (POS) Integration: Seamless integration with POS systems is critical for capturing sales data, managing inventory in real-time, and ensuring accurate revenue reporting. Operating Expenses Utilities, marketing, supplies, rent, insurance. Payroll Wage calculation, tax withholding, benefits administration.

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MRM Research Roundup: Holiday Spending, Franchise Optimism, and Pickle Energy

Modern Restaurant Management

Data: The New Heartbeat of Restaurants As the POS evolves into a full restaurant-operating system, it will become the central hub uniting data across every aspect of the business. In fact, 43 percent of respondents identified flexible hours as the top reason they choose hourly work.