Benchmarks in KitchenSync are designed to help your team easily compare your venue's actual spend on cost of goods and labor to your pre-defined spend targets.
Since the dollar value of ingredients that you purchase and the total wages that you pay your staff in a given period are largely dependent on your sales volumes, these benchmarks are always expressed as a percentage of revenue. In periods with higher sales, you will naturally have to buy more product to sell and schedule more people to sell it; but the proportion of those costs to your revenue should generally be about the same throughout the year.
Each KitchenSync account comes with preset benchmarks that are reflective of current industry standards. We highly recommend that you customize these benchmarks based on your own business model and update them regularly to provide targets for your management team.
To update your benchmarks:
1. Log into KitchenSync, select your venue, and click 'Setup' in the top right corner
2. On the left sidebar, click '+' to open up the Accounting System menu and select 'Prime Cost Benchmark' (contact email@example.com if you don't see this option, as your user account may not have the necessary permissions)
3. Enter your benchmarks as a percentage of category revenue (%=Menu Group COGS/Menu Group Sales)
4. Click 'Apply'