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Home | Accounting & Finance
 
Accounting & Finance

Accounting & Finance

While it is more than normal for bar owners to assign all bookkeeping tasks to an accountant or part-time bookkeeper, it is vitally important to understand what they are doing with the figures and ultimately your hard earned money.

No different to your bartenders and servers, your accounting staff need to know that you understand the accounts and the work they do to ensure that no shortcuts are taken by these staff or even worse that "creative accounting" is taking place without your knowledge.

Use our tools and templates to understand your accounts and to give you the information needed to question your accounting staff about various issues that affect your business.

DOWNLOAD: Monthly Beverage Purchase Record
DOWNLOAD: Monthly Beverage Purchase Record This Monthly Beverage Purchase Record makes it easy for you to keep a record of your beverage purchases. Using this sheet will enable you to have a reference of all your purchases on one easy to edit sheet, and enable you to easily inventory your purchases if you cannot find dockets or invoices . . . keep reading
Liquor Pour Cost Calculator
Liquor Pour Cost Calculator Calculate your pour cost and profit margins of each liquor product sold in the bar easily with this handy calculator. This handy tool will enable you to see at a glance what you should be charging for every shot of liquor in your business and will help you identify any loss making products quickly. Don't sell your liquor without knowing what it costs! . . . keep reading
How to use Daily Variances to Monitor Costs
How to use Daily Variances to Monitor Costs Monitoring your costs in your restaurant or bar is an essential part of running your business. By using daily variances to keep an eye on your staff's efficiency during production, you can really keep your cost of sales in check. It is not necessary to do a full inventory every day, but by focusing on your top 10 products, or high use items, you can be sure that you are keeping on top of your daily costs. . . . keep reading

Physical Inventory: Are your employees doing it correctly?
Physical Inventory: Are your employees doing it correctly? Conducting inventory is a task that is dreaded by many staff members. It can be viewed as a time-consuming, detail-oriented part of their job that they would simply rather not do. In order to be sure that your staff is counting on-hand stock correctly, it is important to provide them with the tools and procedures to get the job done quickly and effectively. . . . keep reading
Percentage or Margin? Pricing your Menus effectively
Percentage or Margin? Pricing your Menus effectively As an operator, you already know the importance of costing your menus properly. Did you know that you can use one of two strategies to set your selling prices? The key to good menu pricing is setting your selling prices to ensure that you earn your desired profit, and also to ensure that your customers perceive value. There are two ways to set your selling prices: by percentage or by margin . . . keep reading
Beer Cost Calculator
Beer Cost Calculator Calculate your pour cost and profit margins of every beer sold in the bar easily with this handy calculator. This handy tool will enable you to see at a glance what you should be charging for every glass of beer in your business and will help you identify any loss making products quickly. Don't sell your beer without knowing what it costs! . . . keep reading