Blogs

Wastage can have a direct impact on profitability across restaurants, cafés, pubs, hotels, clubs & other hospitality businesses. Perishable ingredients, damaged products, expired stock, excessive purchasing & unused inventory can all increase operating costs...

End-of-financial-year reporting requires hospitality businesses to establish an accurate value for the stock they hold at the reporting date. For restaurants, cafés, pubs, bottle shops & hotels, this can involve hundreds or thousands of individual food, beverage...

Buying or selling a hospitality business involves more than agreeing on the value of the premises, equipment, goodwill & trading name. Stock held on the settlement date can represent a significant additional amount that needs to be verified before ownership...

Kitchen stock is one of the largest controllable costs for restaurants, cafés & catering businesses. From dry goods stored for months to fresh produce that may only remain usable for several days, every category of kitchen inventory requires accurate counting,...

For licensed hospitality venues, liquor stock is both a revenue-producing asset and an area that requires disciplined record keeping. Bars, restaurants, hotels, clubs & other licensed premises need reliable information about what has been purchased, sold,...

Accurate stock control is a key part of operating a profitable hospitality business. Pubs, bars, restaurants, cafés & hotels regularly manage large volumes of food, beverages, liquor, consumables & other inventory, often across multiple storage areas. Keeping...

For hospitality businesses, stock represents a significant operating asset. Food, beverages, liquor, packaged goods & other consumables all have a financial value that needs to be recorded accurately. When stock values are incorrect, the impact can extend beyond...

Accurate stock valuation is a core part of financial management for hospitality businesses. Restaurants, hotels, pubs, clubs, cafés & catering businesses can hold substantial quantities of food, beverages, liquor, consumables & other inventory. Knowing the...

Buying or selling a hospitality business involves more than agreeing on the value of the premises, equipment, goodwill & trading operation. Stock held at the venue can represent a substantial financial asset, particularly in restaurants, hotels, bars, clubs,...

Bar stock can represent a significant portion of a hospitality venue’s working capital. Spirits, wine, bottled beer, premixed drinks & keg products can move quickly through a venue, while small pouring differences, wastage, breakages or recording errors can create...