How to set your limit for costs
About your Food / Beverage Cost Limit
Setting a limit to your total Food or Beverage costs in relation to the revenue you receive allows you to identify whether certain Recipes are suitably priced.
The Food / Beverage Costs tile on the Home page has set guidelines for optimal ratios you should strive for which cannot be edited. These are set as:
- Anything up to 30% is fine and dandy, great job!
- Greater than 30% is getting a bit high...
- More than 50%? Are you nuts??
You can still set a global limit for your Food and Beverage costs, which helps you identify which Recipes exceed your personal standard. Continue reading to see how to enable and change this limit.
Updating your limit
To make any changes to your current limit, from the navigation bar, expand the Admin heading and open the Settings page:
The page will automatically direct you to the Main Settings tab by default, perfect! Here you'll find the very first setting is to specify whether you wish to enable your Food / Beverage Cost limit:
Tick the checkbox provided to enable or disable your specified limit. When enabled, you will be able to click and drag the slider to set to Cost to Profit ratio:
When ready, go ahead and click Save down the bottom-right to apply your changes.
Please Note: When changing your limit, this may cause some Recipes to exceed the new margin. It is recommended that a Recipe Limit Report (located under the Recipes Reports page) be generated to discern which Recipes may require review.