Bo Bryant "The Restaurant Giant" - Top 10 Food Cost Mistakes
This video is about Top 10 Food Cost Mistakes restaurants make and how to; avoid, fix and correct them.
Жүктеу.....
Пікірлер: 10
@kcculp64306 жыл бұрын
Bo - CPA here. Another suggestion for tracking food costs is tracking purchasing variances. Once your menu prices are established and you have calculated your costs using your Recipe Cost Cards you need a way to track price changes on your purchases. For example, if your standard cost for T-Bone Steaks is $8.00 per pound and you have used this figure on your Recipe Cost Cards you need a way to identify price increases. It doesn't make sense to change the cost on your Recipe Cost Cards and the price on the menu each time you purchase products. In addition, changing the cost on the Recipe Cost Cards does not allow you to track price changes. Therefore, if you track the Standard Costs for your, say, 20 biggest purchases, then you can record these variances from the vendor invoice. You would record the purchase at the Standard Cost (i.e. $8.00 / lb) to cost of goods sold (or inventory) and then record the variance as a separate line item on the Income Statement. This will allow you to account for price changes and will tell you what caused this variance. Otherwise, you have no way to track this variance. Hope this helps. Thanks,
@Supremepips4 жыл бұрын
I love this man thank you so much
@RonaldBryant6 жыл бұрын
What's up rest-RON-ters! Check out the latest video on the biggest killers of food cost and some killer tips and tricks for fixing these common problems. Time to increase profits! Good luck...
@NJCOP7474 жыл бұрын
Love your videos, can you please adjust your volume for us
@RonaldBryant
3 жыл бұрын
Thanks for the feedback Richard. Done! Warm regards, Bo.
@mdvvideoscanada
3 жыл бұрын
I have to second that. It’s very difficult to hear.
@Allarionn5 жыл бұрын
9 (cents/oz) x 7 (oz) = 63 cents not 64....
@RonaldBryant
4 жыл бұрын
Good catch! Thanks for the call out.
@frenchyalicea6493 жыл бұрын
Im just having an issue tryin to figure out how a cuban sandwich isnt profitable(!)
@1001zaki Жыл бұрын
Bryant your stuff is good with some good impactful information but everything else is terrible. What's that you ar having a knife with some blood in it in the thumbnail. Looks scary and ridiculous. Think man. Try to be little bit more professional. I like your stuff by the way. Be confident 👍
Пікірлер: 10
Bo - CPA here. Another suggestion for tracking food costs is tracking purchasing variances. Once your menu prices are established and you have calculated your costs using your Recipe Cost Cards you need a way to track price changes on your purchases. For example, if your standard cost for T-Bone Steaks is $8.00 per pound and you have used this figure on your Recipe Cost Cards you need a way to identify price increases. It doesn't make sense to change the cost on your Recipe Cost Cards and the price on the menu each time you purchase products. In addition, changing the cost on the Recipe Cost Cards does not allow you to track price changes. Therefore, if you track the Standard Costs for your, say, 20 biggest purchases, then you can record these variances from the vendor invoice. You would record the purchase at the Standard Cost (i.e. $8.00 / lb) to cost of goods sold (or inventory) and then record the variance as a separate line item on the Income Statement. This will allow you to account for price changes and will tell you what caused this variance. Otherwise, you have no way to track this variance. Hope this helps. Thanks,
I love this man thank you so much
What's up rest-RON-ters! Check out the latest video on the biggest killers of food cost and some killer tips and tricks for fixing these common problems. Time to increase profits! Good luck...
Love your videos, can you please adjust your volume for us
@RonaldBryant
3 жыл бұрын
Thanks for the feedback Richard. Done! Warm regards, Bo.
@mdvvideoscanada
3 жыл бұрын
I have to second that. It’s very difficult to hear.
9 (cents/oz) x 7 (oz) = 63 cents not 64....
@RonaldBryant
4 жыл бұрын
Good catch! Thanks for the call out.
Im just having an issue tryin to figure out how a cuban sandwich isnt profitable(!)
Bryant your stuff is good with some good impactful information but everything else is terrible. What's that you ar having a knife with some blood in it in the thumbnail. Looks scary and ridiculous. Think man. Try to be little bit more professional. I like your stuff by the way. Be confident 👍