Most bar cash registers are part of a point-of-sale, or POS, system. These systems track many types of information, including financial data, inventory, portion sizes and employee data. Cash registers in POS systems usually are integrated with back office computer systems, display screens, computer card terminals and other types of tracking hardware. This enables small bar owners to better manage their businesses. There are several key items you should list on your bar cash register.
Sales
Bar cash registers should include both unit and dollar sales information. Your unit sales are the number of products you sell. Dollar sales are the cumulative amount of sales you earn from selling various products. Both types of information are important for determining your average ticket sale. For example, if you sell 100 units of drinks and earn $400, your average ticket sale is $4. Your objective in driving average ticket sales higher is to earn greater profits. Track your sales by hour, day, week and month when setting up your register. Hourly sales helps you micromanage your business. For example, you may decide to send workers home if hourly sales fall below $35 on a weekday. Daily, weekly and monthly sales are important base points for comparing future sales.
Drinks and Menu Items
You also should list all the different drinks and food items you sell in your cash register. The register won't function properly if you omit certain items. It also may throw off the accuracy of other data you store in your register. List the drink and food items along with their respective portion sizes and unit prices. For example, program 8 ounces for a rum and coke if that's the portion size you sell. Similarly, include 3 ounces for nacho chips and an ounce for cheddar cheese if you sell these food items. You may need to reprogram certain unit prices for special sales or free offers.
Employee Information
Assign specific code numbers for managers, cocktail waitresses, bartenders and any other employees in your cash register system. Most POS systems are tied to time clocks. Therefore, you can track the hours employees work. Time clocks usually allow you to input employees' wages, so you also can track your labor expenditures each day, week or month. Set up your cash registers so cashiers or bartenders have to enter their employee code numbers to operate their drawers. Employee code numbers help you determine whether cashiers or bartenders have drawers that are short. Employees who are regularly short on register cash at the end of their shifts may be stealing from you.
Considerations
It is also important to list the costs of the items you sell in your cash register POS system. That's the price you pay suppliers for liquor and food. Keep track of food and liquor as you order them. This ensures that your inventory levels match the actual inventory levels in the bar. Maintaining proper inventory information helps you more accurately calculate the pouring cost percentage for drinks, which is the cost of a bottle of liquor divided by the selling price, according to the Internal Revenue Service. This information helps you eliminate waste and better determine optimal prices for drinks.
Sales
Bar cash registers should include both unit and dollar sales information. Your unit sales are the number of products you sell. Dollar sales are the cumulative amount of sales you earn from selling various products. Both types of information are important for determining your average ticket sale. For example, if you sell 100 units of drinks and earn $400, your average ticket sale is $4. Your objective in driving average ticket sales higher is to earn greater profits. Track your sales by hour, day, week and month when setting up your register. Hourly sales helps you micromanage your business. For example, you may decide to send workers home if hourly sales fall below $35 on a weekday. Daily, weekly and monthly sales are important base points for comparing future sales.
Drinks and Menu Items
You also should list all the different drinks and food items you sell in your cash register. The register won't function properly if you omit certain items. It also may throw off the accuracy of other data you store in your register. List the drink and food items along with their respective portion sizes and unit prices. For example, program 8 ounces for a rum and coke if that's the portion size you sell. Similarly, include 3 ounces for nacho chips and an ounce for cheddar cheese if you sell these food items. You may need to reprogram certain unit prices for special sales or free offers.
Employee Information
Assign specific code numbers for managers, cocktail waitresses, bartenders and any other employees in your cash register system. Most POS systems are tied to time clocks. Therefore, you can track the hours employees work. Time clocks usually allow you to input employees' wages, so you also can track your labor expenditures each day, week or month. Set up your cash registers so cashiers or bartenders have to enter their employee code numbers to operate their drawers. Employee code numbers help you determine whether cashiers or bartenders have drawers that are short. Employees who are regularly short on register cash at the end of their shifts may be stealing from you.
Related Reading: How to Program a Cash Register
Considerations
It is also important to list the costs of the items you sell in your cash register POS system. That's the price you pay suppliers for liquor and food. Keep track of food and liquor as you order them. This ensures that your inventory levels match the actual inventory levels in the bar. Maintaining proper inventory information helps you more accurately calculate the pouring cost percentage for drinks, which is the cost of a bottle of liquor divided by the selling price, according to the Internal Revenue Service. This information helps you eliminate waste and better determine optimal prices for drinks.
What to List on Bar Cash Registers
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