System
Profit and Loss Reporting
FINANCIAL: Profit-Loss
Your P&L should not only tell you whether your restaurant is profitable, it needs to provide accurate cost of sales, labor and operating expenses in a way that helps management identify challenges and track progress through numbers. Standard P&L reports from off-the-shelf accounting software are not restaurant specific, and therefore are virtually useless as a management tool.
These industry standard formatted Profit and Loss worksheets allow you to convert your existing P&L reports into the USAR (Uniform System of Accounts for Restaurants) recommended reporting format.
USED BY: General Manager, Bookkeeper
Benefits of the Profit and Loss Reporting System:
- Properly reflects industry standard sales categories
- Reports food and beverage cost as a percentage of their respective sales - not total sales
- Groups expenses into USAR-recommended categories for better management control
- Separates expenses in Controllable (those that can be controlled by management) and Non-Controllable
- Complies with the USAR recommended reporting format as suggested by the National Restaurant Association
- Includes a trend analysis worksheet for tracking progress over multiple accounting periods
- Can be used with either a 12-month calendar or the 13 4-week accounting cycles
Implement the Profit and Loss Reporting System
Preview
Clicking on the link below will direct you to the necessary download forms and learning resources needed to get this system implemented in your restaurant.
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