Restaurant Business : How to Calculate Your Cost of Goods Sold?
What is Cost of Goods Sold? Have you ever wondered what the actual calculation is for cost of goods sold for your restaurant maybe one of the most important calculations you're ever going to do in your business. knowing your cost of goods sold could be one of the most important things you're going to measure in your business and to measure it you have to have the right equation and the right information so how do we do this. Read More : Choosing the Right Accounting For Restaurants Beginning Inventory well it starts off with knowing your beginning inventory beginning inventory is what was on the shelves the last time you counted well that means we have to be taking inventory minimum on monthly basis preferably on a weekly basis to know the value of everything on the shows that includes all of our batch. items meaning desserts side dishes soups anything that I manufacture myself for instance if I have a tenderloin I cut it up into fillets that isn't...