Catch bartender theft, quicker.
Bar Cop keeps profit out of your employee's pockets.
Bar Cop reports your calculated theoretical sales, or what should have been rang into your register based on the actual product usage.
Compare your register sales to the theoretical sales and find out your true variance numbers showing retail profit loss from theft and carelessness.
In most cases, looking at your main product category (ie. liquor, wine, beer, etc.) variances is the best way to determine theft and see product loss totals.
When you want to go deeper, compare individual product register sales to the calculated theoretical sales in Bar Cop for a more in-depth look.
In Bar Cop, you can take separate inventory counts of specific products before and after a bartender's shift to catch theft, over-pouring, free drink give-aways.
With shift checks, you can inventory count any liquor and wine product located where a bartender is working and then compare the product usage to their shift sales.
Theoretical sales are the calculated sales numbers in Bar Cop based on each product's actual usage from the start of an inventory period until the end of the inventory period. In other words, a product's theoretical sales are what should have been rang into your register based on how much of that product was used/poured/served.Why are theoretical sales important?
The theoretical sales calculated by Bar Cop are used to determine if you have a theft problem and how bad that problem actually is. If a bartenders pours a product that has a retail sales value of $5.00 and puts that $5.00 in his pocket your POS system or cash register will not show you that when running your sales report.
Bar Cop on the other hand will know that product was poured and includes the $5.00 that should have been rang into your register in the theoretical sales. If you compared your actual register sales to the calculated theoretical sales in this example, the theoretical sales would be $5.00 more than what was rang into your register, showing you that you lost $5.00 in retail sales.What are variance dollars and percentages?
Variance dollars and percentages are two of the most important numbers the Bar Cop gives you. Variances are the difference between your actual sales and the calculated theoretical sales, or the amount of retail profit you lost to theft, over-pouring, giving away product, etc.
An acceptable variance percentage (and standard for the industry) is 5% and under. This 5% variance percentage takes into account the small margin of error when weighing products, normal spillage/waste that isn't accounted, etc. A variance over 5% means you might have theft issues, with the higher the percentage number equating to bigger theft. A typical bar on average has a 20% variance when an accurate inventory system is not in place.How does Bar Cop stop bartenders from stealing?
The first step is taking an accurate inventory with Bar Cop by weighing your open products. You can optionally point count with Bar Cop, however inventory methods like point counting, slider apps, weightless inventory, eye-balling, etc. are all visually estimating and have a margin of error much greater than the 5% variance you should be targeting. Because the margin of error is so large, you'll never know if or how bad of a theft problem you really have. The second step is shift checking your bartenders.What is shift checking bartenders?
The shift check feature in Bar Cop allows you to take inventory of any liquor or wine product before and after a bartender's shift and compare each products usage against their register sales. This gives you a quick insight to your bartenders pour habits and keeps bartenders honest when they know you can shift check them at any time without notice.