Food Cost Calculator|
What is a recipe cost calculator and how does it impact my food and beverage
cost control and food cost? How to calculate restaurant food cost! How to cost food!
These are questions we get every day. The answer depends on several factors.
Food cost restaurant is a general question we get most often. A restaurants or
hotels food cost has many factors. First what is your restaurant menu like. Does
it have a lot of expensive items that have a high food cost? What is your
sales mix of menu items? Lets look at some factors that the restaurant menu
cost. Many restaurants simply take their last inventory value plus the total
purchases and then subtract the current restaurant inventory value. This does
give you a basic food cost but in really does not show you what you actual food
Accurate ingredient cost|
What is the actual cost of each menu item? In order to calculate food cost
you must have an accurate cost of ingredients for each menu item and recipe.
This mean not just costing out each ingredient for each item but after you have
the cost of ingredients and the cost of each menu item you must keep every menu
item updated with current cost. Wild River does this by linking each menu items
ingredients to the inventory so that as the inventory is updated by receiving
vendor invoices the food cost value of each item is recalculated to show current
cost. Then this information is transferred to the ingredients of each menu item
and recipe in the menu cost tool. This process keeps your food cost of each menu
item current day so you know exactly what your food cost is on every item.
Know the sales mix for
Each menu item you sell has a different food cost based on the ingredients used
and the quantity of each ingredient. Then the total number of menu items sold
for each item tells you the true food cost based on total sales by item
and it also shows the mount of profit each menu item generates. Usually the sale
mix percentage changes form week to week and month to month.
Using the recipe cost calculator in Wild River restaurant software can
quickly and accurately show you true restaurant food cost. this is not a
simple food cost spreadsheet or a paper food costing form. This recipe
costing software can accurately calculate your restaurant food cost each day
automatically and quickly. Knowing what your restaurant food cost percentage
should be will help you understand if and where problems are and where to
look for them.
This restaurant food cost calculator can save you
thousands each year by giving accurate recipe cost on each menu item.