Expense types
Expense types refer to the categories or classifications used to organize and categorize different types of expenses incurred by a business or organization. It helps to systematically track and manage expenses, allowing for better financial management and analysis.
Expense types can vary depending on the specific needs and nature of the business, but here are some common examples:
Food and Beverage Costs: Expenses associated with purchasing ingredients, raw materials, and beverages used in food preparation and beverage service.
Payroll and Staffing: Costs related to employee wages, salaries, benefits, payroll taxes, and other personnel expenses.
Utilities: Costs for electricity, water, gas, internet, phone services, and other utilities required for daily operations.
Kitchen Supplies: Expenses for kitchen equipment, cookware, utensils, small appliances, and cleaning supplies.
Dining Supplies: Costs for tableware, glassware, cutlery, napkins, tablecloths, and other dining-related supplies.
Marketing and Advertising: Expenditures for promotional activities, advertising campaigns, printing menus, online marketing, and signage.
Maintenance and Repairs: Expenses associated with repairing and maintaining restaurant equipment, machinery, and facilities.
Waste Disposal: Expenses related to waste management services, garbage collection, recycling, and composting.
Miscellaneous Expenses: Any other relevant expenses specific to the restaurant's operations, such as delivery services, uniform costs, entertainment expenses, or membership fees.
These expense types help restaurants categorize and track their expenses, allowing for better financial management, budgeting, and analysis.
List of all food categories
Add a new expense category, enter the category title, and Edit the existing food category.
The expense category can be deleted as well.
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