Expense Analysis Typical Restaurant Expenses. Food & Beverage Highest line item expense Proximity to suppliers helps Volume purchase agreements will help.

Slides:



Advertisements
Similar presentations
For DBEs Managing Your Finances Wes Hinton Marketing Development Consultant Caterpillar Financial Services Corp February 15 th 2011.
Advertisements

Money Management. Vocab Words Budget: a spending plan to help you manage your money Needs: items that you are unable to live without Wants: items you.
Construction Accounting & Financial Management, 3/e Steven Peterson © 2013 by Pearson Higher Education, Inc Upper Saddle River, New Jersey All Rights.
Long-term Assets. Types of Long-Term Assets n Property, plant, and equipment –Long-term assets acquired for use in operations n Natural resources –Long-term.
Income Statement l Statement of Earnings l Profit and Loss Statement l Statement of Operations l Frequency - Daily, Weekly, Monthly, Quarterly, Annually.
Charter Partners Institute eVenture Financial Case Guide Note: This is only a guideline. Presentations should be adapted to bring out the important financial.
HORIZONTAL & VERTICAL ANALYSIS OF BALANCE & INCOME STATEMENTS Team 8: J&J Electrical.
Chapter 7 The Master Budget.
Economics of Food Hubs Smithson Mills May 6, 2014.
©2010 Prentice Hall Business Publishing, Auditing 13/e, Arens//Elder/Beasley Completing the Tests in the Acquisition and Payment Cycle: Verification.
Loans and Loan Types. Loans are used for many reasons Feed, seed and fertilizer purchases Machinery,livestock,and equipment purchases Land,building,and.
BUYING VS RENTING. BUYING Homeowner Advantages  Freedom of use  Pride of ownership  Greater Privacy  Income tax benefits  Opportunity to build credit.
Renting, Leasing, Financing and Buying. Renting Rental: A short term agreement or contract under which property is rented from one person to another on.
Chapter 8! The Accounting Cycle Work Sheet and Adjusting Process Unit 4 Quest (chapter 8 and 10) will be on December 4 (Thursday) Youtube clip: “Episode.
EDEXCEL BUSINESS for GCSE © 2009 Ian Marcousé and Naomi Birchall Section 3 Putting a business idea into practice.
Profit & Loss Statement. A basic profit and loss statement reports the following for a specified period of time:   Sales   Expenses   Profits/losses.
Real Estate Investment Chapter 11 Tools of Analysis © 2011 Cengage Learning.
Chapter 5 Recognizing Expenditures In Governmental Funds.
Organization and efficiency of implementation of leasing services.
Assets Cash & Equivalents 13.71%18.27% Cash and Short Term Investments 13.71%18.27% Accounts Receivable - Trade, Gross 17.67%19.89% Provision.
25,000Estimated Rounds used in Projection $29.00Estimated Revenue Per Round Advisory Board Projections Year 1Year 2Year 3Year 4Year.
Exponential Growth & Decay
Financial Control in Restaurants Overview □This presentation gives information about the financial management of restaurants Goal □To learn how to manage.
Chapter 5 The Income Statement
Choosing the Right Location and Layout
University of Minnesota Internal/External Sales Rate Development – Advance Internal/External Sales.
UNITS AND RECIPE COSTING. OBJECTIVES The student will be able to: Understand how to calculate unit cost Understand and use typical invoices Understand.
Chapter 3! The Adjusting Entry Unit 1 Test (cover chapter 1 to 4) will occur on Friday September 26!
Plant Assets, Natural Resources, and Intangible Assets.
19 Lease Financing Short- and Intermediate- Term Funding Alternatives ©2006 Thomson/South-Western.
Chapter 21-1 C H A P T E R 21 ACCOUNTING FOR LEASES Intermediate Accounting 13th Edition Kieso, Weygandt, and Warfield.
© T Madas DEPRECIATION. Depreciation is the loss in value of certain items through usage, wear and tear, age etc. Typical items subject to depreciation:
@ 2012, Cengage Learning Capital Investment Analysis LO 4 – Factors That Complicate Capital Analysis.
SAP PROCUREMENT TRAINING. Office Depot Purchasing – Master Agreement Using: Contact:
Differential Analysis and Product Pricing Chapter 12.
The goal of this lesson is to provide the learner with an understanding of the process of performing a hotel feasibility study, as well as the importance.
LEASE  A LEASE REPRESENTS AN AGREEMENT THAT GIVES CONTROL OVER ASSETS OWNED BY THE LESSOR TO THE LESSEE FOR A SPECIFIC PERIOD OF TIME UPON THE PAYMENT.
Defining and Measuring Costs Glen Anderson, Chief of Party, CCRD Mahe Island, Seychelles May 6, 2015.
 Ventures require many different types of resources in order to be successful and to grow.  Some resources such as furniture, equipment, raw materials,
MG 298 Entrepreneurship Module #6 Financial Intelligence: Understanding Financial Statements 16 October 2007.
CHAPTER 5 REVIEW GAME ARE YOU READY.
CHAPTER ELEVEN: BUDGETING AND CONTROLLING COSTS Back- of-the- House Operations Front- of- the- House Operations Controlling Food, Beverage, and Labor Costs.
Lease Accounting. Lease Players Leasing – renting an asset from a third party consistently for “the right to use” the property. Lessor – owner of the.
7 - 1 Chapter 7 The Master Budget Objective 1 Explain the major features and advantages of a master budget.
Students should be able to:  Understand and explain the different sources of finance available to a business.
4 Starting Tips to Keep Your Car in Top Condition
DEVRY ACCT 505 W EEK 7 C APITAL B UDGETING C OURSE P ROJECT Check this A+ tutorial guideline at
ACC 291 Week 2 DQ 1 What are the differences among valuation, depreciation, amortization, and depletion? Is it appropriate to calculate depreciation using.
Internal/External Sales Rate Development Level III
Long-term Assets
Capital Budgeting Decisions
Capital versus operating
Closing the Sale Sales contract – agreement to purchase a vehicle that states the offering price and all conditions of the offer; legal binding contract.
MASTER LEASE PROGRAM April 2017.
Typical Restaurant Expenses
Chapter 3 The Income Statement
Completing the Tests in the Acquisition and Payment Cycle: Verification of Selected Accounts Chapter 19.
Management Control Systems
Management Control Systems
The ways to become a franchise Consultant. If you have to take an important task of matching potential franchisees with the suitable franchises for them,
Internal/External Sales Rate Development Level III
Entrepreneurship Week 7 Competition.
Also called “plant assets” or “property, plant, and equipment”
Location Strategies.
PREPARING PLANT ASSET RECORDS
Exponential Growth & Decay
Accelerated Amortization
Testing the Concept in the Market
Introduction to Business-to-Business (B2B) Marketing
Presentation transcript:

Expense Analysis Typical Restaurant Expenses

Food & Beverage Highest line item expense Proximity to suppliers helps Volume purchase agreements will help

Payroll & Benefits Varies from region to region Difficult to control New York costs are the highest

Depreciation Annual capital equipment depreciation is small Most equipment has a short life span and is expensed Autos and trucks are leased

Lease Expenses Our Central Park location is expensive Other locations are much more reasonable