Managing Your Restaurant's Daily Expenses with Excel

When it comes to running a successful restaurant, managing daily expenses is crucial to maintain profitability. The cash flow statement plays a vital role in accounting for all possible cash inflows and outflows, as well as the periodic timing of many cash expenses. To help you anticipate cash flow and cash requirements up to 13 weeks at a time, we have created a comprehensive worksheet that includes vendor names, invoice numbers, dates, and breakout by food and beverage categories.

This worksheet serves as the source for your purchase inputs in the weekly prime cost workbook, summarizing your hourly restaurant tracking form for food & beverage log sheet. It calculates your restaurant's total food and beverage cost plus gross labor as a percentage of the current week's sales. By using this spreadsheet, you can keep your weekly expenses in line with sales and track your actual expenditures to maintain control over costs.

The template is pre-populated with expense categories that are essential in identifying all start-up costs. As you add your own costs or expense categories, the templates will help you understand whether you have adequate funding. This spreadsheet is designed to help you forecast trends, assist in scheduling labor, and hit specific cost targets.

In the early stages of your restaurant business plan, it's crucial to perform 'what if' analysis. Our spreadsheets are helpful in forecasting weekly cash flows, as well as daily and weekly sales revenues. It covers all aspects of your restaurant, from organizing daily sales and deposits data to tracking actual versus ideal product usage of key inventory items and evaluating the profitability of your sales mix.

With this spreadsheet, you can easily organize and configure critical information generated by your restaurant on a regular basis. Whether you're looking to optimize menu engineering & profitability or create a daily sales & deposits plus labor summary, our templates are designed to help you achieve your goals.

In conclusion, managing daily expenses with Excel is crucial for the success of your restaurant business. With this comprehensive worksheet, you can anticipate cash flow and cash requirements, track actual expenditures, and maintain control over costs. By using this spreadsheet, you'll be able to make informed decisions and optimize your restaurant's profitability.

Daily expenses excel