pricing formula basics. Do not forget that this is only part of the overall pricing scheme that should be implemented. This allows for sales and pricing scaling. Don't let it get you stuck as the only way to price or you may price yourself out of a competitive market.
Download a free Recipe Cost Calculator for Excel, which helps when calculating costs of ingredients used in a recipe, great for checking profitability of the restaurant menu and estimations of the profit margin.
The accounting cycle. Transactions are entered into the journal as the first step in the accounting cycle. The journal is organized chronologically, that is, entries are added one after another in the order they occur. Journal entries are transferred to a ledger (posted to a ledger) as the second step.