Feedback Form
Home Features Mastermind Forums About Advertise Blog Network Contact Be An Author

Q: What reports are needed to run a restaurant right?

Q: What reports are needed to run a restaurant right?

A:
That's an important question. There isn't enough reporting and record keeping in the restaurant business. Many chain restaurant can see by the end of the week whether they made money or not. Most independents have to wait until their account returns the monthly numbers anywhere from 4 days to 4 weeks after the end of the month. In my opinion, this is too late. If you don't know how you did in the first week until the end of the month, you're not managing proactively in my opinion. You need to be on top of a problem as close to when it happens as possible to solve it.

--------------------------------------------------------------------------------

Minimum reports I suggest for every restaurant owner:

Sales by item - day/week/period
Purchases & Expenses - week
Inventory - week
Ideal cost of sales - week
Prime cost - week
Budget - week/period
Preliminary P&L - week/period
Actual P&L - period/year
Guest counts - day/week/period
Gross profit per customer/item - week
Labor - day/week/period
Cash reconciliation report - server/shift/day

Each of these reports should include the necessary comparisons to sales, budgets, etc. Reports have to be designed properly, and include all the information needed. With just the budget, labor, purchases, inventory and sales reports, you can generate about anything you need, most importantly a preliminary P&L. If your reports aren't enough to build a preliminary weekly P&L or cash flow statement out of, most POS software don't, they aren't enough in my opinion.

Of course there are other useful reports to have, but most I think can be ran on an "as needed" basis. There are also shift reports that are necessary to the operation of your business, but those aren't included here.





Q What reports are needed to run a restaurant right - To learn more about this author, visit Brandon O'Dell's Website.

Like this article? Share it with your friends

Article Feedback
 Article Feedback No article feedback found.
  Leave Your Feedback
article feedback

Article Feedback

To learn more about the Evan Elite Author Program please contact us.

About The Author


Brandon O'Dell
(Visit Brandon's Website) Brandon O'Dell is an independent food service consultant and owner of O'Dell Restaurant Consulting. O'Dell Restaurant Consulting offers general consulting services to restaurants, colleges, private clubs and most other food service types. Our focus is on helping business owners create operational systems within their businesses that help them become more profitable and earn more free time. Work to live, don't live to work. Areas of specialty include teaching owners to price by gross profit instead of budgeted food cost percentages, and helping them develop unique selling points and implement emotion based marketing tactics. Please visit our blog at http://blog.bodellconsulting.com for articles, Q&As, conversations and best practices. You can also learn more about our services through our website at http://www.bodellconsulting.com. Brandon O'Dell O'Dell Restaurant Consulting http://blog.bodellconsulting.com http://www.bodellconsulting.com brandon@bodellconsulting.com office: (888) 571-9068

Brandon O'Dell is a Gold author on EvanCarmichael.com
About The Author

View Author Blog
View Author Blog

View Author Video
View Author Video

Free Downloads


Brandon O'Dell's

Complete
List Of
Franchises
Articles

Name
Email
If you enjoyed this article, get Brandon O'Dell's Complete List of Franchises Articles For FREE!

More Brandon O'Dell
The biggest mistakes restaurants make and why they have a high failure rate
Anything worth doing is worth paying someone else to do
Dont give your customers what you want
How to teach in 10 easy steps
The difference between a reason and an excuse
Q Is this a bad time to start up a new restaurant with a slow economy
Does your restaurant have an identity
How to teach
Q What reports are needed to run a restaurant right
Q How can I make my employees accountable
Free Downloads


 
 
 


Evan Elite Authors
John Brennan  
John Alexander  
Leanne Hoagland-Smith  
Evan Elite Authors

Become An Author
Have you written articles that would be of value to entrepreneurs? Become an expert on our site by publishing them! Expose yourself to a wide audience, drive more traffic to your website and get more sales! Click Here for details.
Become An Author

Evan's Latest Video
Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media
Evan's Latest Video

Business Opportunities
"Learn straight from Evan how you can Make a Full Time Income (And More) from a Website"

How to Start An Online Business

Click Here To Learn More
Business Opportunities



Evan's Newsletter
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
Name:
Email:
Evan`s Newsletter

Free Downloads
Choice of Forum Icon Choice of Forum
Easy Product Ideas Icon Easy Product Ideas
Organized in 10 mins Icon Organized in 10 mins
Buying 2.0 Icon Buying 2.0
Creating Rapport Guide Icon Creating Rapport Guide
Free Downloads - Complete List

Entrepreneur Tools and Guides
Choose A PR Topic
Choose A PR Topic
Press Release Builder
 
Top 50 Franchising Blogs
Top 50 Franchising Blogs
Top 50 Franchising Blogs
 
Entrepreneur Tools and Guides

SEO For Africa
SEO For Africa
Omowumi Peter Lagos State, Nigeria,
Omowumi Peter
Lagos State, Nigeria
SEO For Africa

If I Were A Startup...
Jonathan Voigt, $214k to $507k in 2 years
Jonathan Voigt
$214k to $507k in 2 years
Geoff Whitlock, $53k to $507k in 3 years
Geoff Whitlock
$53k to $507k in 3 years
If I Were A Startup... - Complete List

Famous Entrepreneurs
Steve Case, America Online
Steve Case
America Online
Todd McFarlane, Image Comics
Todd McFarlane
Image Comics
Famous Entrepreneurs - Complete List

Entrepreneur Advice
Guy Kawasaki, The Art of the Start
Guy Kawasaki
The Art of the Start
Tom Peters, In Search Of Excellence
Tom Peters
In Search Of Excellence
Entrepreneur Advice - Complete List

Popular Articles
(Premium Authors)

     Executive Coaching Whats in it for me
By Di Holliday
     LIFE COACHING ON THE CHANGE
By Di Holliday
     The Business of Coaching Communication
By Di Holliday

Have A Suggestion?
Toronto Salsa Classes / Toronto Salsa Lessons Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
Have A Suggestion?

More Evan Carmichael
More Information