![]() ![]() This compares the labor expense of each scenario with your actual or projected sales to determine optimum employee scheduling for each day of the week. The spreadsheet will help you calculate the cost to open a restaurant and schedule every labor hour to give you instant feedback of the costs associated with your scheduling decisions. The daily cash audit form can be quickly set up to track all your cash funds, including cash drawers, change funds, petty cash form and more. The cash flow statement accounts all possible cash inflows and outflows as well as the periodic timing of many of your cash expenses. This worksheet will help you anticipate cash flow and cash requirements up to 13 weeks at a time. ![]() This includes vendor’s names, invoice numbers, dates, and breakout by food and beverage categories. This data should be used as the source of your purchase inputs in the weekly prime cost workbook. This summarizes your hourly restaurant tracking form for food & beverage log sheet. The result calculates your restaurant’s total food and beverage cost plus gross labor and as a percentage of the current week’s sales. This spreadsheet takes the “series” to its logical conclusion by capturing sales purchases as well as inventory information. Use this to keep your weekly expenses in line with sales. The worksheet will help you track your actual expenditures to keep your costs under control. As you add your own costs or expense categories, the templates will help you understand whether you have adequate funding. It is in fact pre-populated with expense categories that are very useful in helping you identify all of your start up costs. There are various excel spreadsheets that will help you put together an estimate of costs and funding required to start your restaurant business. The information generated by these spreadsheets will not only allow you to produce accurate monthly financial reports, but also supports your efforts to proactively manage your restaurant business on a daily basis. Spreadsheets are helpful in forecasting your weekly cash flows, as well as your daily and weekly sales revenues. It covers all facets of your restaurant from organizing daily sales and deposits data, to tracking actual versus ideal product usage of key inventory items and evaluation of the profitability of your sales mix. ![]() But how would you make it easy to organize and configure critical information generated by your restaurant on a regular basis? When starting a restaurant business, spreadsheets are helpful to help you forecast trends and assist you optimally in scheduling your labor. Your goal is not only to achieve specific sales but also to hit certain cost targets. In the early stages of your restaurant business plan, you are expected to perform many types of “what if” analysis. Menu Engineering & Profitability Workbook.Daily Sales & Deposits Plus Labor Summary.In the end, all you need to do is repeat the same process each month and take into consideration any new savings goals or expenditures you may encounter in the future. NET INCOME, after taking into account your savings goal and monthly expenditure. It will provide you with the amount you are left with i.e. Once all these values have been entered, your summary table will be ready too! The best practice would be to put in place money for these expenses so that you are prepared for it.Įnter amounts for each of these expenses.Įxcel will automatically calculate the percentage allocation for the expenses categories and the TOTAL monthly expenses as well. In the Expenses section, there are different categories mentioned like home, food, health, transportation, debt, entertainment, personal care, etc. The next step would be to list down where you spend your money each month. The amount in dollar terms for each Saving & Investment and the TOTAL savings amount will be automatically calculated in Excel. Enter the percentage of your income you want to save. You need to determine the amount you wish to put aside for different milestones in the future. Next, you should plan your savings for different purposes based on your income and expenses. The total income will automatically be calculated and displayed in cell F7 – $6350. If you have your own business but the income is not constant, you can take an average of your past 6 months and enter that amount.įor example, you can enter a salary income in cell F4 – $5,000, extra income from part-time jobs in cell F5 – $850, and income from investments in cell F6- $500. Let’s look into each of these steps one-by-one!ĭownload this Excel workbook and follow this tutorial on how to make a budget spreadsheet in Excel:īegin using this template by entering the different sources of your monthly income.įor a person with a salary, simply enter your monthly salary (post-tax) and income from other part-time jobs or passive income streams. See also How to Use Conditional Formatting Based on Another Cell ![]()
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