When business is good, everything is great. When the numbers turn bad, however, most bar owners turn to making budget cuts to make up the loss in sales. But, let’s put something out on the table right away: You cannot save your way to a profitable bar or restaurant. As a bar or restaurant owner, […]

Hiring great staff is a challenging prospect and retaining them can prove equally as challenging. Like any resource, hospitality employees must be protected, and plans should be implemented to make sure they remain a sustainable resource. Over the years, the hospitality industry has received a bad reputation for high turnover and a shallow talent pool. […]

A stocktake is a count of the business inventory on hand, typically done at the end of the financial year, though some businesses may do it more regularly. Having an accurate idea of the number of stock items your business owns allows your accountant to reconcile physical stock to the inventory records, highlight variances, and […]

Stocktaking is the process of recording and counting the value and amounts of stock held by a business. One of the advantages of Food & Beverage Stocktaking is the ability to monitor the changing costs of all the food items and making an updated report which states the charged old price and the new price […]

If your business got sizeable food operations, it is highly imperative to consider the benefits of having regular and accurate food stocktaking. Much like the liquors, food stocktaking can essentially find extra margin where you were unaware of its existence previously. Generally, stocktaking pertains to physical verification or evaluation of conditions and quantities held in […]