Restaurant
Daily Food Cost (Inventory to COGS)
Recording the cost of ingredients consumed to produce the day's meals sold.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cost of Food Sold (COGS) | Expense (+) | 1,200.00 | - |
| Food & Beverage Inventory | Asset (-) | - | 1,200.00 |
💡 Accountant's Note
This is done daily or weekly based on actual kitchen consumption. Food Cost % = COGS / Food Revenue. A typical restaurant targets 28-35%.
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