A restaurant’s profit and loss statement is an important document that reflects the profit, costs and profit received by the institution for a specific period of time.
With it, you can monitor important parameters and make smart decisions. You can create reports on restaurant p&L using the Finoko tool. Let’s look at the main components of the documentation in more detail.
Revenue
This is the total revenue generated from the sale of food and drinks. Revenue can be divided into different categories, for example, sales in the hall, takeaway or delivery.
Cost of sales (SOP)
These are the costs of the products and ingredients used to prepare the dishes. The SOP allows you to determine how much money was spent on the creation of goods that were sold.
Gross profit
It is calculated as the difference between profit and cost of sales. This indicator shows exactly how much money remains in the restaurant after taking into account the main production costs.
Operating expenses
These include all expenses that are related to the work of the institution. These are rental of premises, salaries of specialists, payment for communal services, marketing and so on.
Operating profit
This is gross profit excluding previous expenses. It shows how efficiently and competently the restaurant manages its tasks.
Other income and expenses
This may include interest on loans, taxes and other non-operational items. All of them are necessarily prescribed in the document, as they also affect the profit of the restaurant.
Net profit
This is the final result after subtracting all expenses from total revenue. The net profit shows the real financial efficiency of the restaurant.
You should create such reports using the Finoko tool. This is an opportunity to prevent mistakes and save a lot of valuable time!
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