Recipe Cost Assessment

The recipe creator can calculate the cost per portion or cost per 100g for each recipe. 

To add ingredient costs, simply click on the ‘Cost’ box corresponding to each ingredient and enter the cost per unit of weight. 

You can use any variable of price and weight e.g. '€5/10kg', or '£3.10 per lb'. 

Once you add a cost to one ingredient, there is no need to continue to enter the currency symbol for subsequent ingredients. An ingredient tagged with a cost will be reflected throughout all of your recipes that use this ingredient. 

If you cannot see the cost column beside your recipe ingredients, it is not a standard feature on your account. It may be added from Menu > Upgrade/Downgrade or by contacting us at support@nutritics.com if required.

Recipe Cost Assessment

Once a cost has been attached to a food either via batch import, or individually, search results can be filtered to only show foods with a cost attached. Click Settings>Preferences>scroll to the ‘Searching’ tab:

Recipe Cost Assessment

Advanced Costings

Food outlets can add their Gross Profit Margin and VAT rate to calculate the Recommended Retail Price. Add this per product/portion size in the recipe workspace by clicking on the price/RRP section:

Recipe Cost Assessment

Input a profit margin percentage per portion or additional costs here, such as employee, packaging and shipping costs. Waste percentages will total here automatically if attached to ingredients.

Recipe Cost Assessment

Nutritics will automatically calculate the RRP using ingredient costs input, Gross Profit Margin and VAT.

Additionally, the 'Cost of Goods Sold' percentage (COGS%) will be calculated by comparing the total product cost to the net price.

Recipe Cost Assessment

Click the % beside the sale price to add a VAT rate to your product:

Recipe Cost Assessment

Alternatively set a default profit margin or VAT/Tax percentage from Settings>Preferences>Sales & Finance. This will automatically add a rate to recipe RRPs instead. If you're including items on a menu you can choose to show VAT/Tax inclusive pricing. 

Recipe Cost Assessment

A table of all ingredient costs can be generated from Menu>Input/Output>Shopping List. For a full guide on shopping lists, see here.

If you would like to read more about our cost calculator and how it could benefit your business, check out our blog.