Master Tracker will help you with your cost of sales and give you a daily percentage and dollar figure of how your costs of sales are running. The normal range for your cost of sales should be between 25% and 35% depending
on your business.
Most businesses use this simple formula of 1/3 cost of food or beverage, 1/3 overheads (wages, rent etc...) and 1/3 profit. Meaning the higher your food, beverage and overheads costs are the less profit you’ll
make and that’s why it is important you know what your costs are on a daily basis.
By knowing what you're cost of sales are early on in the month allows you to be proactive and do something about the outcome before it happens.
Master tracker can also help you when you receive your end of month statements as the website allows you to print or lookup by vendor, invoice number, date and amount spent making tracking your invoices much easier.