Michael J. Rasmussen is the owner of Rasmussen Tax Group ( rasmussentaxgroup.com) in
Conway, Arkansas. He is also the co-owner of Eyenalyze ( eyenalyze.com), a company that
provides real-time profit analysis for restaurant owners.
customers and making profits rather than figuring out
labor cost percentages!
You’ll also want to implement a labor scheduling pro-
gram that’s tied to your daily sales, preferably based on
each day’s history compared to the same day the previ-
ous year. Yes, another monthly subscription might be
required, but it’s worth the cost. Most chains have this
ability built into their franchise system procedures. As an
independent, you should evaluate your POS and back-
of-the-house third-party providers and make sure your
system integrates with your daily sales.
Finally, implement a mandate requiring that your POS
system captures the hours worked by waitstaff and sends
the data directly to your payroll processor. Your processor
should then process the payroll and electronically remit
the summary results back to your platform of choice,
providing you with daily analytics for your operations.
With this approach, vital end-to-end data will be captured
and transmitted electronically, avoiding human errors in
data entry. Implement procedures to double-check the
results along the way, and you will be on your way to