![]() The first section of a profit and loss template is the fun part – profits. ![]() Regardless of which of these cases applies to you, here are some of the key considerations that make tracking profit and loss a bit more complex for restaurants. Some owners track their numbers on a spreadsheet – often referred to as a "Profit and Loss Statement," or "P&L." Other restaurant owners may utilize software to manage data from their stores, and that software should be able to create P&L statements on its own. When it comes to keeping track of the various revenues and costs of restaurants, there are a few different options. And "just keeping track" doesn't really cut it when you could be putting these numbers to work to improve your business. When you factor in multiple stores, just keeping track of everything can be daunting. Restaurant owners need to track a plethora of different revenues and costs, from food cost percentage to payroll, rent, and more. Managing any business requires some number crunching, but when it comes to tracking profits, few businesses are as complex as restaurants.
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