Are My Costs Uniform Report
Are My Costs Uniform Report
Are My Costs Uniform Report
System of
Accounts
For Restaurants
A Trade Secrets Special
Report From Bill Main
impact these various advances would have on operating characteristics and the
presentation of operating results. It was also recognized that, to be universally
accepted, such a system would require periodic review and modification so as to
be responsive to the needs of an evolving industry.
Easy To Use
From an operator's perspective, the Uniform System is easy to use. No longer
must you rely on your accountant to explain the underlying rationale behind the
presentation format of your financial statements. Classification of each monetary
expense is simple. Based on the guidelines set forth in the Uniform System, each
different operating cost is assigned to a specific expense account (e.g., linen
rental, contract cleaning, china, etc.), which is part of a specific expense class or
group (e.g., Employee Benefits or Direct Operating Expenses). It is a beautifully
logical system, allowing each individual itemized cost to easily flow into its
designated expense account and then be summarized in its appropriate expense
group.
Best Seller
Not surprisingly, the Uniform System of Accounts for Restaurants is historically a
top-selling publication in the National Restaurant Association's library. This
continuing demand is evidence of the restaurant industry's need and acceptance
of a publication that has had such a significant impact on the organizational
climate of foodservice establishments across the country. The publications can
be purchased from the National Restaurant Associations on-line store
(www.restaurant.org/store).
Adoption of the Uniform System of Accounts for Restaurants is a vitally important
first step towards developing the "profitability mindset," and is recommended for
all serious practitioners in the restaurant industry.
Current Assets
Cash on Hand
Cash in Bank - General Checking
Cash in Bank - High-Yield Checking
Accounts Receivable - Trade
Accounts Receivable - Owner/Employee
Accounts Receivable - Credit Cards
Food Inventory
Beverage Inventory
Prepaid Taxes
Prepaid Insurance
Prepaid Miscellaneous Expenses
Note Receivable - Current Portion
1510
1511
1610
1611
1660
1670
Fixed Assets
Leasehold Improvements
Accumulated Amortization - L/H Imp
Furniture, Fixtures & Equipment
Accumulated Depreciation - FF&E
China, Glass, Flatware Par
Small Equipment Par
1910
1920
1930
1940
1950
Other Assets
Deposits Paid
Liquor License
Organizational Expenses
Logo/Artwork
Note Receivable - Long Term Portion
Current Liabilities
Accounts Payable - Trade
Accounts Payable - Other
Gift Certificates Outstanding
Deposits Held
Sales Tax Payable
Payroll Taxes Payable
Other Taxes Payable
Accrued Insurance
Accrued Payroll
Accrued Rent
Accrued Miscellaneous Expenses
Note/Loan Payable - Current Portion
Note/Loan Payable - Current Portion
2310
2315
2410
2420
Other Liabilities
Other Notes
Shareholder Notes
3100
3899
3900
Shareholders' Equity
Capital Stock
Retained Earnings - Prior Years
Current Profit/Loss(-)
Revenue
Food Sales
Liquor/Beer /Misc. Bar Sales
Wine Sales
5010
5020
5030
Cost of Sales
Food Cost
Liquor/Beer /Misc. Bar Cost
Wine Cost
5110
5120
5130
5140
5150
5155
5165
5170
5175
5180
5185
Employee Benefits
Employer Payroll Tax Expense
Workers' Compensation Insurance
Medical & Dental Insurance
Employee Meals (cost)
Miscellaneous Employee Benefits
5210
5215
5220
5225
5230
5235
5240
5245
5250
5255
5260
5265
5270
5300
5320
5325
5330
5335
5340
5345
5350
5355
5360
5365
Marketing
Complimentary Food & Beverage (cost)
Donations/Charities
Media Advertising
Other Promotional Expenses
Postage/Delivery (promo)
Photo/Printing/Graphics
Programs & Directories
Restaurant Research & Development
Signature Souvenirs
Telephone (promo)
5410
5420
5430
5440
Utility Services
Electricity
Natural Gas/Fuel
Scavenger/Waste Removal
Water & Sewage
5510
5520
5530
5540
5550
Occupancy Costs
Rent/Lease (Premises)
Equipment Lease
Property Taxes
Insurance - Property
Other Taxes
5610
5620
5630
5640
5650
5710
5720
5810
5820
5830
5831
5840
5841
5850
Other (Income)/Expense
Interest Income
Room Rental Fees
Gifts/Novelties Sales
Gifts/Novelties Costs
Telephone Coin Box Commissions
Discounts Taken
Miscellaneous Income
5910
5913
5916
5919
5922
5925
5928
5931
5934
5937
5940
5943
5946
5949
5952
5955
5958
5961
5964
5967
5970
5973
5976
6100
6300
6400
6900
6950
Income Taxes
State Income Tax
Federal Income Tax
ACCOUNTS DETAIL
DIRECT OPERATING EXPENSES
Auto/Gas Expense - Operations
gas, oil, repairs & maintenance for vehicles
used for deliveries and operations' errands
mileage reimbursements (operations)
China/Glass/Flatware Replacement
China serving and table ware
Glassware for both bar and dining room
[Table Linen and Napkins, if purchased]
Contract Cleaning/Janitorial Service
Decorations
Decorative pillows, etc.
Flowers for tables (fresh and artificial)
Holiday decorations
Wall hangings, pictures, etc
Equipment Rental - Operations
Credit Card Authorization Terminals
Credit Card Imprinters
Equipment/Supplies Rental (short-term)
Laundry/Linen
Laundering costs of:
kitchen aprons/hats/shirts
table linens, napkins
towels
Rental costs of the above
Licenses/Permits
Liquor license renewal fee
Health inspection fee, Scale inspection fee
Outdoor advertising permit
Menus and Wine Lists
Design/printing costs of:
drink lists, table tents
menus, wine lists
Menu Covers
Supplies-Banquet/Catering
Any supply/decoration/expense used or
incurred solely for banquets/catering
Supplies-Cleaning/Janitorial
Bleach, cleanser, degreaser
Brooms/Mops
Dishwashing Supplies
Paper Towels
Rubber Gloves
Sponges/Scouring Pads
Toilet Paper, Toilet Seat Covers
Trash Can Liners
Supplies-Kitchen
Can Openers
Coffee Filters
Cooking Utensils, such as:
fry baskets
ladles/skimmers
mixing bowls, mixing/serving spoons
pans/pots
Foil Wrap
Grill Screens
Knives/Cleavers, Sharpening Steel
Oven Mitts
Plastic Aprons
Plastic Bags, Plastic Wrap
Portion Cups
Waxed Paper
Supplies-Restaurant
Birthday Candles
Cork Trays
Doilies
Guest Checks
Light Bulbs (decorative)
Matches
Take-Out Containers
Uniforms
Aprons/Smocks
Badges
Blouses/Shirts
Caps/Hats/Hairnets
Dresses/Suits/Trousers
Shoes
Ties
Uniform cleaning/repairs
Supplies-Bar
Ashtrays
CO2 (soft drink dispenser)
Corkscrews/Bottle Openers
Gratis snacks (nuts/pop corn/etc.)
Paper/Beverage Napkins
Shakers
Strainers/Fruit Squeezers
Straws/Swizzle Sticks/Toothpicks
Venetian Blue Candles
UTILITY SERVICES
Electricity
Natural Gas/Fuel
Scavenger/Waste Removal
Water & Sewage
The Uniform System of Accounts for Restaurants
(USAR) states that kitchen usage of Electricity and
Natural Gas/Fuel should be metered separately and
charged to Direct Operating Expenses as "Kitchen
Fuel". If separate meters do not exist, ALL electricity/natural gas/fuel costs should be expensed here.
Normally, Electric Bulbs are expensed here. The
replacement bulbs in this sample are decorative;
therefore, they are charged to Restaurant Supplies.
MARKETING
Complimentary Food & Beverage
Cost of gratis meals to customers
Cost of gratis alcoholic beverages to
customers, plus sales tax (if applicable)
Donations/Charities
Cash donations to:
Charities/Community Groups
Financial Sponsorship of activities such as
Little League
Media Advertising
Newspapers/Magazines
Radio
Television
Other Promotional Expenses
Civic and Community Projects/Involvement:
Chamber of Commerce membership
Meetings of committees, etc
Entertaining Costs in Promotion of Business
Travel Expense on Solicitation
Other Misc. Promotional Expenses
Postage/Delivery (Promo)
Bulk Mailing
Postage Meter usage
Promo Mailing Supplies, such as labels
Photo/Printing/Graphics
Customer Survey Forms
Customer Post Cards
Customer Mailers/Direct Mail Ads
Insurance-Liability/Umbrella
Liquor Liability coverage
General Liability coverage
Umbrella (Excess Liability) coverage
Insurance-Miscellaneous
Officers' Life Insurance
Miscellaneous Insurance
Legal/Accounting Professional Services
Legal Fees
Accounting Service Fees (e.g., CPA)
Miscellaneous
Expenses
Office Supplies
Pens/Pencils
Calculator/Cash Register Tape, Ribbon, etc.
Scotch Tape/Staples/Paper Clips
Typewriter Supplies
White Out, Post Its, Memo Pads
File Folders, Labels, etc.
Small Equipment not capitalized
Outside Services
ADP Unemployment Insurance Cost control
Consultant Fees
Payroll Service costs
Personnel Expenses
Help wanted advertising
Personnel agency fees
All other recruitment costs
Postage/Delivery (A&G only)
Postage Meter refill, stamps
Federal Express, Express Mail, U.P.S.
Educational Materials
Cookbooks (used for reference only)
Dictionary, Thesaurus, etc.
Instruction Books/Pamphlets (e.g., for computer
programs, or accounting procedures, etc.)
Rent-Other
Postage Meter rental
Typewriter rental (short-term)
Seminars/Conventions
Fees (Entrance and Attendance)
Security/Alarm
Telephone/Communications
All telephone, facsimile, modem costs, except
those expensed to "Marketing"
Travel Expenses
Business travel expenses, with the exception
of travel expenses on solicitation (which are
expensed to "Marketing"):
Mileage
Meals & Lodgings
Bridge Tolls, Car Fare, Parking
ASSETS
Current Assets
Cash on Hand
Cash in Bank - General Checking
Cash in Bank - High-Yield Checking
Accounts Receivable - Trade
Accounts Receivable - Owner/Employee
Accounts Receivable - Credit Cards
Food Inventory
Beverage Inventory
Prepaid Taxes
Prepaid Insurance
Prepaid Miscellaneous Expenses
Note Receivable - Current Portion
Total Current Assets
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
Fixed Assets
Leasehold Improvements
Accumulated Amortization - L/H Imp.
Furniture Fixtures & Equipment
Accumulated Depreciation - FF&E
China, Glass, Flatware Par
Small Equipment Par
Total Fixed Assets
XXX
XXX
XXX
XXX
XXX
XXX
XXX
Other Assets
Deposits Paid
Liquor License
Organizational Expenses
Logo/Artwork
Note Receivable - Long Term Portion
Total Other Assets
XXX
XXX
XXX
XXX
XXX
XXX
Total Assets
XXX
Current Liabilities
Accounts Payable - Trade
Accounts Payable - Other
Gift Certificates Outstanding
Deposits Held
Sales Tax Payable
Payroll Taxes Payable
Accrued Insurance
Accrued Payroll
Accrued Rent
Accrued Miscellaneous Expenses
Note/Loan Payable - Current Portion
Note/Loan Payable - Current Portion
Total Current Liabilities
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
Total Liabilities
XXX
Shareholders' Equity
Capital Stock
Retained Earnings - Prior Years
Current Profit / Loss (-)
Total Shareholders' Equity
XXX
XXX
XXX
XXX
XXX
Current
Period
% of
Sales
Year-ToDate
% of
Sales
Revenue
Food Sales
Beverage Sales
Total Revenue
XXX
XXX
XXX
XX
XX
XX
XXX
XXX
XXX
XX
XX
XX
Cost of Sales
Food Cost
Beverage Cost
Total Cost of Sales
XXX
XXX
XXX
XX
XX
XX
XXX
XXX
XXX
XX
XX
XX
Gross Profit
XXX
XX
XXX
XX
Operating Expenses
Salaries & Wages
Employee Benefits
Direct Operating Expenses
Music & Entertainment
Marketing
Utility Services
Occupancy Costs
Repairs & Maintenance
Depreciation & Amortization
Other (Income)/Expense
General & Administrative
Total Operating Expenses
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XXX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XXX
XX
XXX
XX
XXX
XXX
XXX
XX
XX
XX
XXX
XXX
XXX
XX
XX
XX
XXX
XX
XXX
XX
Income Taxes
XXX
XX
XXX
XX
XXX
XX
XXX
XX