Setting Up Cost Settings and Financial Inputs

Overview

Cost Settings allow you to enter your restaurant's fixed costs, labor overhead, and financial targets. These inputs power the Profit/Loss reports and help CheddrAI provide accurate financial insights.

Step 1: Navigate to Cost Options

Click the Settings gear icon in the left navigation menu, then click the Cost Options tab at the top of the settings page.

Step 2: Enter Fixed Costs

Input your recurring monthly expenses such as rent, utilities, insurance, and loan payments in the Fixed Costs section. These are used to calculate your break-even point in reports.

Step 3: Set Labor Overhead

Enter your payroll overhead percentage (e.g., taxes, benefits, workers comp) as a percentage. This is added on top of wages when calculating true labor costs.

Step 4: Configure Business Goals

Click the Biz Goals tab to set weekly and monthly sales targets. CheddrAI uses these targets to evaluate your performance and generate briefings on the Dashboard.

Step 5: Save Your Settings

Cost settings are saved automatically when you enter values. Return to Reports and run a Profit/Loss report to verify your financial inputs are reflected correctly.