System
Weekly Prime Cost Reporting
FINANCIAL: Prime Cost
Prime cost is composed of the two biggest and most volatile cost areas in any restaurant, food & beverage and labor cost. Having accurate, weekly feedback on prime cost is essential to keep management informed and focused on their biggest and most vulnerable cost control areas.
This series of integrated worksheets has been designed to efficiently capture sales, purchases, payroll and inventory information to generate one of the most valuable weekly reports in any foodservice operation.
USED BY: General Manager, Asst. Manager, Chef, Kitchen Manager
Benefits of the Weekly Prime Cost Reporting System:
- Proven system for controlling your most volatile cost areas - food, beverage, labor
- Helps to establish a culture of cost-consciousness throughout your organization
- Excellent method measuring your management's effectiveness
- Provides the basis for comparing actual cost to the weekly budget
- Helps identify sudden spikes in food and labor cost that need immediate attention
- Enables management to react quickly rather than waiting for month-end P&L
Implement the Weekly Prime Cost Reporting System
Preview
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