Whatever your requirements, we offer a range of services here at Edwards Stocktakers to allow your business to run smoothly. Services we offer include Liquor Results, Food Results and evaluation, Cash & Bank Reconciliation, and Single & Multi-Bar Reports. We have all the knowledge, experience, and services you could need to ensure you're on your a-game.
A fully detailed and comprehensive liquor stock take and liquor results are invaluable to your business, no matter how big or small. Our liquor stock audit service is vital to stock control costs and increases gross profits by identifying stock surplus or stock shortages and stock deficits, such as overpouring, excessive waste, and unfortunately sometimes, theft. We will calculate your gross profit and accurately place your current position and advise of adjustments required to improve stock results and increase your wet gross profit margins. Stockholding analysis will show you the monetary value of your stock on-site and an approximate number of trading days the stock represents, keeping your money in the bank and not tied up unnecessarily in stock.
A food gross profit report allows us to measure the profitability of your business when considering the sales of food goods. This calculates your actual gross profit and stockholding level which helps to keep track of your pricing, controls, and spending. We will conduct a full stock count, food cost prices are checked and updated every time. Cost prices can be monitored against agreed supplier prices and reported back if any differences are identified. Calculating and reviewing your food sales and prices permits us to pinpoint and advise areas for improvement to increase or maintain profit.
We are aware that there are times when split bar results are required. If you have more than one bar within the business, you may benefit from split bar results which will identify more clearly any issues to the specific department such as function bars and banqueting. If you are a company with more than one unit, separate results alongside an overview report can be helpful. This will put all key figures in one report for quick and clear analysis.
A bank reconciliation statement is crucial to compare cash balance to bank statements. Cash checks can be carried out as standard on each visit, or on request. This can be a basic float check or on-site cash reconciled such as takings, card transactions and money banked. Reconciling the two accounts helps identify whether accounting changes or budget controls are needed and ensures everything is running smoothly. Confirming your cash records are correct helps identify profit, detect fraud, and prevent any cash manipulations.
Spirits can be tested to ensure they remain at their advertised strength. It is not a formal requirement but is beneficial to show due diligence in reducing the opportunity for tampered spirits to accidentally(or purposefully) make their way into your bars. Edward’s Stocktakers are here to test spirit strengths on our visits to ensure both customer satisfaction and an increase in gross profit continues.
