To track expenses, restaurants typically use accounting software that categorizes and records all financial transactions. This software can track various expenses, including food costs, beverage costs, fixed costs, cost of supplies, labor costs, utilities, rent, and others.
Some systems offer integration with inventory management and point-of-sale (POS) systems, allowing for real-time tracking of expenses against sales revenue. By regularly reviewing expense reports, restaurant managers can better identify areas where cost savings can be made, thereby improving their budgeting and financial planning.