
Bookkeeping
Restaurant Bookkeeping Services
Running a restaurant takes more than great food—it requires solid financial management for lasting success. A&M Financial provides expert bookkeeping services to help you track expenses, manage finances, and stay tax compliant. Let us handle the numbers so you can focus on enjoying the business you’ve built.
What are Restaurant Bookkeeping Services?
Restaurant bookkeeping involves recording, organizing, and tracking all financial transactions related to your restaurant, ensuring your data is accessible and accurate. Unlike accounting, which focuses on analyzing and reporting financial information, bookkeeping manages daily operations like monitoring sales, expenses, inventory, and payroll. This foundational system supports informed decision-making and ensures compliance with tax regulations.
Our Restaurant Bookkeeping Services
Effortless Invoice Forwarding: Invoices are processed seamlessly using our batch scanner system.
Effortless Invoice Forwarding: Invoices are processed seamlessly using our batch scanner system.
Efficient Reconciliation: Reconciliation tasks are managed effectively through online banking.
Streamlined Information Flow
Weekly & Monthly Services
Cost Management: Track labor costs for scheduling and tips, and monitor food/drink costs to prevent loss.
Financial Reconciliation: Verify and reconcile credit card charges, deposits, and vendor invoices.
Financial Reporting: Generate timely P&L statements and balance sheets to guide profitability decisions.
Bookkeeping FAQs
-
Bookkeeping helps restaurants track income, expenses, and cash flow to ensure financial stability. It provides the foundation for making informed business decisions and ensures compliance with tax regulations.
-
Ideally, bookkeeping should be updated daily or weekly to keep accurate records of sales, inventory, and expenses. Frequent updates help avoid discrepancies and ensure up-to-date financial data.
-
We offer services such as daily sales reconciliation, payroll processing, expense tracking, accounts payable/receivable management, inventory tracking, and tax preparation.
-
Yes, we manage payroll processing, including tip reporting and compliance with tax requirements, ensuring employees are paid accurately and on time.
-
Absolutely. We specialize in tracking and analyzing cost of goods sold (COGS) to help you manage inventory and control costs.
-
We work with leading accounting and restaurant-specific tools like QuickBooks, Xero, Toast, and Square POS to streamline your bookkeeping.
-
Yes, we can integrate with most POS systems to automatically import sales data and generate accurate financial reports.
-
Not necessarily. We work with your existing systems whenever possible to ensure a smooth transition.
-
By maintaining accurate financial records, you can identify inefficiencies, reduce unnecessary expenses, and make data-driven decisions to boost profitability.
-
Yes, we provide clear explanations of your financial reports and highlight key metrics like revenue, expenses, and profitability trends to help you make informed decisions.
-
Absolutely. We ensure that your financial records are accurate and up to date, making tax preparation easier and ensuring compliance with regulations.
-
Contact us for a consultation. We’ll assess your needs and create a customized plan to manage your restaurant’s bookkeeping effectively.
-
Pricing depends on the size of your restaurant, the volume of transactions, and the specific services you need. We offer flexible packages to fit your budget.
-
While we specialize in restaurants, we also work with cafes, food trucks, bars, and other food and beverage businesses.
-
We track inventory costs by reconciling purchase orders, monitoring food usage, and identifying waste or shrinkage to help optimize inventory management.
-
Yes, we provide consolidated bookkeeping services for multi-location restaurants, allowing you to compare performance and manage finances across all locations.
-
We handle tip reporting and payroll taxes in accordance with IRS guidelines, ensuring your restaurant complies with all applicable labor and tax laws.
-
No worries! We specialize in cleaning up and organizing financial records, no matter how disorganized they are.
-
Yes, we provide ongoing bookkeeping support and can train your staff to improve internal processes if needed.
Schedule a free consultation today
Schedule a free consultation today to explore how our tailored bookkeeping services can simplify your restaurant’s finances. Let us handle the numbers so you can focus on running your business!