Ultimate food cost calculator to Keep Track of Your Weekly Expenses
The Food Costs Calculator is a Simple Tool for Tracking and Calculating Restaurant Food Costs.
Why You Need a Food Cost Calculator
The cost of food in a restaurant has a great impact on its bottom line. Restaurant owners need to ensure that food costs are controlled and kept minimal. Several factors come into play as far as controlling food costs is considered. You need to consider your portion sizes, menu items, and recipe costs. A food cost calculator can come in hand to ensure that you are only spending the budgeted amount.
The ideal food cost percentage for a restaurant is about 35% of total costs. When coupled with labor costs, the amount can raise to about 50-75%. This means that you have to structure your menu prices to ensure they cover your food costs adequately. You sales price should account for the total cost of goods sold. The only way to do this is ensure you calculated your food and labor costs accurately.
Having a simple food cost formula will help you improve your cost calculations. You will be able to find out how much was spent on food and beverage. If you are running a fine dining restaurant, you will need a good POS system to track cost at the point of sale. You will also need a tool to help you estimate food cost percentage that affected the profits.
A food cost calculator is helpful in:
- Making accurate estimates
- Keeping track of inventory
- Setting better selling prices
- Minimizing food costs
Download the Food Cost Calculator and start keeping accurate records of your food costs.