The Payspace blog
Guides for running a more profitable small shop
Practical guides for coffee shops, bakeries, milk tea shops and sari-sari stores in the Philippines: recipe costing, pricing, VAT, inventory and e-wallet payments.
Costing and pricing
How to compute food cost per drink (with a latte example)
A step-by-step guide to costing coffee and milk tea drinks from their ingredients, with a worked latte example, VAT, and the mistakes that hide lost profit.
· 5 min read
Costing and pricing
Markup vs margin: how to price drinks and pastries for profit
The difference between markup and margin, a conversion table, and a simple formula to price any item from a target margin, with VAT done correctly.
· 4 min read
Costing and pricing
How to cost a bakery recipe per piece (batch costing made simple)
Cost a whole batch, divide by the pieces you can sell, and check the margin: a worked ensaymada example for bakeries, with waste and price changes included.
· 5 min read
Tax
How to compute 12% VAT from a VAT-inclusive price
The formula for taking 12% VAT out of a Philippine retail price, a ready reference table, the common 12% mistake, rounding, and why margins must exclude VAT.
· 4 min read
Inventory
A simple weekly inventory count for sari-sari stores and small groceries
How to count stock in a small store without closing for a day: what to count and when, how to spot missing stock, and when to reorder.
· 5 min read
Payments
How to record and check GCash and Maya payments at closing time
A simple routine for e-wallet payments in a small shop: what to check at the counter, how to reconcile GCash and Maya at closing, and how to spot fake receipts.
· 4 min read