Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
0Activity
0 of .
Results for:
No results containing your search query
P. 1
Budget

Budget

Ratings: (0)|Views: 4|Likes:
Published by Bhoy Amores
Learn how to do Budget
Learn how to do Budget

More info:

Published by: Bhoy Amores on May 06, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as DOCX, PDF, TXT or read online from Scribd
See more
See less

05/14/2014

pdf

text

original

 
BUDGET CONTROLS
Every Head of Department and Outlet Manager must be a cost-conscious operator.Worldwide inflationary periods, increasing labour costs and escalating expenses forcemanagement to control expenses daily, to keep ahead in an ever-growing competitivemarket. The most successful Outlet Manager are also successful Financial Administrators.Creativity, "touches" and continuous innovation can all cost money. However expenseshave to be spent within a planned approach (i.e., a yearly budget) and in relation to sales.The Outlet Managers must control expenses on a daily basis, know what their expensesare, and know how to manage them. The successful Outlet Manager has effective systemsset up to control and monitor his costs.Effective cost management has major implications on departmental income. Hand inhand with maximizing revenues, it will lead to maximum profit.
 
 CONTROLLING EXPENSESTo enable employees in the Food and Beverage Department to control expenses, it isimportant to go through the following steps:
-
 
Identify each of the expenses incurred by the department.
-
 
Establish which of these expenses can be controlled.
-
 
Delegate responsibilities for control of these expenses to the appropriatesubordinate.
-
 
Set budget and targets on a monthly basis for each expenses.Identify ExpensesThe following expenses represent the headings normally found in a Food and BeverageDepartment Income Statement:Cost of Sales- Food Cost- Beverage Cost
 
 Payroll and Related Expenses- Salaries and Wages- Extra Wages- Employee BenefitsProvision for Replacement of - Chinaware- Glassware- Linen- Silverware- UniformsOther Expenses- Contract Cleaning- Kitchen Fuel- Laundry and Valet- Meeting Expenses- Music and Entertainment

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->