Yes, Apicbase does calculate actual food costs. This is done by tracking the cost of ingredients used in recipes and monitoring inventory levels to assess how much is actually spent on the ingredients for each dish sold.
Here’s how Apicbase accomplishes this:
Ingredient Cost Tracking: Apicbase maintains a database of ingredient prices, which are used to compute the cost of recipes based on the quantities of each ingredient used.
Inventory Management: As ingredients are consumed, Apicbase updates inventory counts and adjusts the food cost calculations accordingly, reflecting the actual use of ingredients in real time.
Sales Data Integration: By integrating with point-of-sale (POS) systems, Apicbase aligns sales data with inventory usage. This allows for an accurate calculation of the actual food cost for each item sold by comparing the expected cost (based on the recipe) with the actual inventory used.
Variance Analysis: Apicbase provides variance reports that highlight discrepancies between the theoretical (recipe-based) and actual (sales and inventory-based) food costs.
These insights help identify areas for operational improvement, such as reducing waste or adjusting portion sizes.