A reporting procedure detailing the daily workings of a business, operations reporting’s purpose is to present the existing team’s current activities. Typically constructed for the short-term, an operations report contains data related to the following:
- In-depth examination of processes
- Production records and costs
- Resource expenditures
While operations reports are typically constructed for the short-term, they come in different time intervals. Additionally, for better insights, stakeholders can modify and tailor the reports to their needs. The main purpose of operational reporting for franchise restaurants is to support the business’ daily operations.
There are several reasons for a franchise restaurant to do operations reporting. One of them is staying updated with their team’s status and progress. Additionally, the report will keep them aware of the team’s issues and achievements as well as their strategies, plans, and actions for the future. However, most important of all, a franchise restaurant can use the information in the operations report to compare and analyze data to make rational decisions that help to achieve both individual and team goals. To help ensure this, following are 5 tips to operations reporting for franchise restaurants.
1. Answer Four Basic Questions
To get started with operations reporting for your franchise restaurant, answer the following four basic questions related to your franchise restaurant’s operations at the end of the work day:
- What are your daily sales?
- Credit cards were used for how many transactions?
- What were the discounts offered?
- What was the number of active workforce and how many hours did they work for?
By answering the above questions, you will be able to quickly get a snapshot of your daily operations which will aid your operations reporting.
2. Ensure Factual, Complete, Accurate, and Up-to-Date Information for Operations Reporting
Critical for operations reporting for franchise restaurants—or any business for that matter—is having factual, complete, accurate, and up-to-date information to include in the operations report. This serves as the pillar for a good report, one which allows management to be aware of the team’s standing and development.
3. Keep Track of Achievements and Issues
Since it helps management and team members to navigate performance in pursuit of their goals, keeping track of achievements and issues is critical for operations reporting.
4. Use Sales Reporting to Spot Sales Cycles and Patterns
For operations reporting purpose, it is important to keep track of when customers—the period during the week, month, or year and the time during the day—visit your franchise restaurant the most. It is also important to find out what menu items bring in the most revenue as well as discount items that do and don’t do that well.
5. Outsource to Professional Operational Reporting Services
By outsourcing to professional operational reporting services, you can get access to operations reporting services. These services will allow you to sit back and watch your franchise restaurant’s operational reporting needs being met in a cost-affordable way. With outsourced operational reporting services, you get daily account audits, production records, cash-on-hand records, and full-service reporting.
[STOP] Not sure who you can trust your franchise accounting and finances to? See why you should choose GSS
At Global Shared Services, we have some of the best talent and software in the world for operational reporting.
With us, you get high-performance, end-to-end operational reporting that you can trust. These services are delivered by a team of experienced professional and tailored to the needs of your restaurant business. Outsourcing your franchise restaurant’s operational reporting to us will provide you with streamlined processes and the ability to scale through operational efficiencies.
To learn more, get in touch with us today.
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With GSS, we meet our franchisor requirements on time and with accuracy. The local CPA could not handle our volume. We are so happy to have made the change. GSS knows our business and our franchisor requirements.Multi-unit fast sandwich Owner