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How to Convert Alcohol Inventory to Word

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In this video, Dave Allred from Bar Patrol shares effective methods for counting open liquor bottles during inventory. He emphasizes the importance of accurate counting to avoid discrepancies in cost percentages. With over 30 years of industry experience and 11 years running Bar Patrol, Allred has assisted numerous bars in mastering inventory management. He introduces the best practices for counting open bottles, contrasted with common mistakes that can lead to inaccurate results. The tutorial aims to help viewers improve their inventory processes and reduce poor cost percentages.

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How do you calculate cost of goods sold for liquor?

Managing your liquor costs begins with knowing the formula for calculating COGS: OI+P-EI/S.( OI + P - EI ) / S = PC or COGS Our OI (Opening Inventory) of $1906 represents the total stock value of our previous weeks inventory. Our P (Purchases) of $6398 represents all of the liquor that we purchased during the week.

How do you make a liquor inventory spreadsheet?

Start at the front bar. Count the bottles the way theyre positioned and, if needed, filter them alphabetically on the spreadsheet when youre done. Include the alcohols type, brand, name, and bottle size. Also include a column for your bar back, storeroom, walk-in, or any other parts of the bar where alcohol is kept.

How much is 1 liter of alcohol?

How Big Is a Liter? A liter bottle of liquor is 1,000 ml or 1 liter. That makes it 25% larger than a standard 750ml fifth. Buying a liter of liquor in the U.S. is about as common as ordering a liter of cola.

How do you count liquor in inventory?

The easiest (and most commonly used) counting method is to visually take note of how much liquid is in each bottle, separating it into tenths. Take a look at where the line of the liquor falls, and estimate if the bottle is half full (0.5), a third full (0.3), etc.

What is the classic method of liquor inventory control?

The traditional way of counting bar inventory involves manually recording inventory data into a spreadsheet, and then physically counting and measuring your bars stock.

What is 1.75 L of liquor called?

The 1.75 L bottle is also called a handle of liquor or a handle of alcohol. Or its referred to as a handle of whatever type of liquor it is. A handle of vodka, for example. Its big enough to have a handle on the bottle, hence the handle of alcohol name.

How do you calculate liquor inventory?

How do you calculate bar inventory? The easiest and most commonly used method for calculating bar inventory is to visually note how much liquid is in each bottle, separating it into tenths. Look at where the line of liquid stops and estimate how full the bottle is by tenths (half full=0.5, a third full (0.3), etc.).

How do you organize a liquor store inventory?

Organize your liquor storage areas so every bottle has a designated place. You should group like-products together. Set up a shelf for your vodkas, a shelf for tequilas, a section for wines. Make sure that when liquor orders are delivered each new bottle of liquor, beer, and wine is put in the correct place.

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Convert Alcohol Inventory to Word