A Little Bit Of Cost Accounting Theory

CHUCK DEIBEL | For Ohio Tavern News
Published: 01/21/2014

This month’s topic is a continuation of sales and inventory controls, as this subject can be confusing for some people.

Most bar operators I talk to about this subject believe they understand what their costs should be. Let’s review what many people do when they “do” their inventory.

Let’s first make the distinction between a financial goal and an operational goal for hitting your numbers and managing your inventory and sales.