Restaurant management system

Global reporting system

Management Accounting in Restaurants using Finoko Software

In the competitive world of restaurants, having access to valuable data and insights is crucial for success. This is where restaurant management system comes in. With the help of Finoko advanced technology, restaurant owners and managers can now track various metrics and make informed decisions and improve operations.

Finoko restaurant management system collects data from various sources such as point-of-sale systems, online orders, customer feedback, and more. This data is then analyzed to provide valuable insights into key areas such as sales performance, menu popularity, customer loyalty program efficiency, and operational efficiency. Finoko reporting software is a powerful tool that enables restaurant owners and managers to gather, analyze, and visualize data related to business operations. 

Key Features of Finoko Restaurant Management System

  • Restaurant sales management: Finoko software allows users to track sales in a restaurant or a chain, providing valuable data on revenue trends, popular menu items, and peak hours of operation and best performing workers.
  • Cost control: Finoko can help to control food costs to ensure that the restaurant remains profitable while offering additional features to plan and track several expenses that restaurants incur, including rent, utilities, payroll, inventory, and equipment.
  • Labor cost and employee performance: With Finoko software, restaurant managers can monitor employee performance metrics such as sales goals, average sales, and customer satisfaction ratings.
  • Kitchen control: Finoko reporting system helps to proper kitchen management. From inventory control to menu planning, every aspect of the kitchen operation plays a significant role in the overall efficiency and profitability of a restaurant.
  • Cash flow control: One of the key benefits of using Finoko is its ability to track and monitor cash flow. This allows businesses to better manage their expenses, optimize inventory levels, and forecast future revenue streams.
  • PnL. Forecasting, planning and control: Another advantage of using Finoko restaurant analytics is the ability to forecast demand and plan accordingly. One of the most valuable tools that restaurant owners have at their disposal is the profit and loss statement. This financial document provides a detailed breakdown of a restaurant’s revenues and expenses, allowing owners to identify areas of strength and weakness in operations.
  • Inventory management: By integrating with a restaurant’s POS system, Finoko analytics can help manage inventory levels, track ingredient usage, and flag items that are running low.
  • Restaurant KPI and dashboards: Finoko analytics and reporting software provide invaluable insights into various key performance indicators (KPIs) that can help restaurant owners make data-driven decisions to improve their business.

    The Business Benefits of Finoko Restaurant management system

    Restaurant Sales Analytics

    Finoko restaurant analytics software is a powerful tool that allows restaurant owners and managers to track and analyze sales data from top to bottom. With sales intelligence data, you can track which menu items are selling well and which ones are underperforming. This can help you adjust your menu offerings to better meet customer demand and maximize profitability. You can also track customer feedback and reviews to identify areas for improvement and enhance the overall dining experience.

    restaurant sales reports

    Finoko collects data from various sources, such as point-of-sale systems, online ordering platforms, and customer feedback surveys. 

    Some report types that Finoko analytics software includes:

    • Sales by day of the week – Daily Sales Report
    • Sales by weeks – Weekly Sales Report
    • Sales by time – Sales by Meal Period
    • Sales by waiter – Waiters Sales Report
    • Menu item popularity – ABC Analysis in Restaurant
    • Loyalty system analysis 

    By leveraging this data, restaurant operators can make informed decisions about pricing, inventory management, marketing campaigns, and more. With real-time access to sales reports and analytics, they can quickly identify opportunities for improvement and take action to boost their bottom line.

    By leveraging Finoko restaurant analytics and reporting software, you can gain a competitive edge in the highly competitive restaurant industry. Here are some of the key benefits:

    • Increased Efficiency: By analyzing data on sales, inventory, and employee performance, restaurants can identify areas for improvement and streamline their operations.
    • Better Decision-Making: With access to real-time data and detailed reports, restaurant owners and managers can make informed decisions that drive business growth and profitability.
    • Cost Savings: By optimizing inventory management and reducing waste, restaurants can cut costs and improve their bottom line.

    Cost control

    One of the key features of Finoko is its ability to track costs and manage budgets. This includes everything from food and beverage expenses to labor costs and overhead. By inputting this data into the system, restaurant owners can easily see where their money is going and identify areas where they may be overspending. This allows them to make adjustments as needed to ensure that their business remains profitable.

    Once costs have been tracked, restaurant analytics software also helps with cost control. By analyzing the data collected, owners can pinpoint areas where savings can be made. For example, if food waste is a problem, they can adjust portion sizes or menu offerings to reduce waste and save money. Similarly, if labor costs are high, they can streamline processes or adjust staffing levels to cut down on expenses.

    Labour cost and employee performance

    Finoko analytics software offers detailed labor reports that help you manage your staffing levels more effectively. By analyzing labor data such as employee schedules, hours worked, and labor costs, you can identify opportunities to reduce overtime expenses and improve operational efficiency. This can lead to significant cost savings for your business in the long run.

    Kitchen control

    Finoko reporting software offers a comprehensive solution for managing all aspects of the kitchen operations. 

    Key features of Finoko for kitchen control:

    • Inventory Management: Track inventory levels and turnover.
    • Sales Analysis: Analyze sales data to identify trends and optimize menu offerings.
    • Labor Management: Monitor employee performance and productivity to streamline staffing needs.
    • Menu Engineering: Use data-driven insights to create profitable menu items and pricing strategies.

    Cash flow management

    restaurant bill management

    One key tool that has revolutionized the way restaurants manage their finances is cash flow and payment calendar. One of the most critical functions of Finoko is its ability to help businesses manage cash flow effectively providing a system to register payment request, manage approval and plan cash flow using a payment calendar. By tracking sales data in real-time, restaurant operators can identify trends and patterns that can impact their revenue stream. This information can help them adjust pricing strategies, optimize menu offerings, and implement targeted marketing campaigns to drive sales and boost profits.

    P&L. Forecasting, planning and budgeting

    One of the key components of restaurant analytics is the profit and loss statement. This financial document provides a comprehensive overview of a restaurant’s revenue, expenses, and net income over a specific period. By analyzing this data, restaurant owners can identify areas where costs can be reduced, revenue can be increased, and overall profitability can be enhanced.

    Finoko gives you an advantage of using the ability to forecast demand and plan accordingly. By analyzing historical data and trends, you can predict busy periods, stock up on popular items, and adjust staffing levels to meet demand. 

    With Finoko, you can access up to date data and reports that provide you with instant insights into your business performance.  For example, by identifying which menu items are the most profitable, owners can adjust pricing or promotions to increase sales of these items. Similarly, by tracking labor costs and productivity metrics, owners can ensure that they are properly staffed during peak hours without overspending on payroll.

    Restaurant KPI and dashboards

    Finoko analytics and reporting software provide invaluable insights into various key performance indicators (KPIs) that can help restaurant owners make data-driven decisions to improve their business. Let’s take a look at some of the most important KPIs that Finoko dashboard software can track:

    Finoko restaurant dashboard

    1. Sales Performance

    Tracking sales performance is essential for any restaurant. By analyzing sales data, restaurant owners can identify trends, monitor peak hours, and optimize menu pricing to maximize revenue.

    2. Inventory Management

    Effective inventory management is key to controlling costs and minimizing waste. By tracking inventory levels and usage, restaurant owners can optimize supply chain operations and reduce food costs.

    3. Labor Costs

    Labor costs are a significant expense for restaurants. By analyzing labor KPIs such as employee productivity and turnover rates, restaurant owners can better manage staffing levels and control costs.

    4. Product Costs

    By tracking product costs and sales, restaurant owners can identify areas of inefficiency and take corrective action. For example, if a particular ingredient is consistently over-budget, managers can find alternative suppliers or adjust portion sizes to reduce waste.

    restaurant personal kpi

    Finoko is a self-service business intelligence (BI) tool that allows restaurant owners and managers to track and analyze key performance indicators (KPIs) such as sales, inventory levels, labor costs, and customer feedback. With this software, restaurant operators can easily visualize their data through interactive dashboards, reports, and charts, making it easier to identify trends and opportunities for improvement.

    Another key feature of restaurant analytics and reporting software is the ability to generate custom reports and alerts. This allows restaurant owners and managers to monitor their KPIs and receive notifications when certain thresholds are met or exceeded. For example, if labor costs exceed a certain percentage of sales, the software can alert management to take corrective action.

    Finoko analytics software is a valuable tool for restaurant owners and managers looking to gain a competitive edge in the industry. By harnessing the power of data and analytics, you can make smarter decisions that drive business success and enhance the overall dining experience for your customers. Fill up the form and you can unlock the full potential of your restaurant and achieve sustainable growth and success.



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