Banquet Bar Requisition Template and Instructions

Click here to download our free Banquet Bar Requisition Template

To download these instructions in PDF format, click here

Logo_Mark-Five_Diamond_HospitalityInstructions for using the TrueGuest Banquet Bar Requisition Worksheet To set up the file:

1. Create a new file for each event. You can either create a new file for each month or add each month to a separate tab within this worksheet.

2. Input the details of the event at the top of the spreadsheet. Only fill in the cells that are in blue!

After you requisition the liquor to banquets:

1. Fill in the amount that you requisitioned in the column labeled ‘requisitioned’.

2. Again, only fill in the cells in blue.

3. Add additional rows for additional types of liquor not listed.

After the event and banquets returns the unused alcohol:

1. Fill in the amount that is returned in the column labeled ‘returned’

2. Again, only fill in the cells in blue.

To view your cost for the event:

1. Input the amount of revenue you collected for the event at the very top of the spreadsheet.

2. Your cost for the event will be displayed right below your revenues.

3. Send a copy of the worksheet to accounting so they can transfer the amount to banquets.

 

To download these instructions in PDF format, click here

Perpetual Inventory System

mqdefaultFor the discerning bar manager, a perpetual inventory is a must. A perpetual inventory system is a method used so bar managers can know their exact liquor inventory at any given time. The rule generally is; the more liquor that a bar stocks on hand, the more crucial it is that a bar should use a perpetual inventory system.

What does it mean to take inventory perpetually? Like the name would suggest, it is a continuous inventory. Instead of counting your liquor inventory just once a month, you track each transaction in an ongoing count. The process is definitely tedious to set up initially, but once running can make the inventorying process much easier. Here are the steps to make it successful:

1. Log each type of liquor carried and all the information associated with that liquor in regards to costs and ordering. This includes:

a. Cost of bottle or case

b. Cost per pour (Bottle cost divided by ounces in bottle multiplied by ounces in standard pour)

2. Build a spreadsheet or database that can store and automatically update and calculate based on your inputs. The simplest way to do this is in Microsoft Excel. Be sure to add in places to log requisitions and purchases. Keep the different outlets and storage room all separate on the spreadsheet. Also, add in the extensions that calculate your total inventory value for each item as well as the total. Be sure to include a second area where you can calculate the important numbers that you would like to see (i.e. pour cost to date).

3. Lastly, find a good time and day to perform a full inventory count. The most preferable time is usually when the normal periodic inventory is done. Count everything and log everything into the database.

Now that the system is ready, be sure that the bottle for bottle exchange requisition process is in place, and begin to track each transaction. A good way to approach the situation is to think of each outlet as a separate entity that the storage room is supplying. Now, as all purchases and requisitions are logged as they occur, the database should show exactly how much inventory is in your storage room at any given time. Also, a pretty accurate pour cost can be calculated based on taking your outlet’s sales for the period divided by the requisition costs to the outlet (*Note – At least three months from the system’s launch should be allowed to see the accurate costs).

For a pre-made perpetual inventory database, a simple search online can produce many companies that can produce them. However, for one that is catered to your needs and products, find a person that can do basic Microsoft Excel formulas and functions. A very simple, effective one can be built from scratch.