Restaurant Bookkeeping Services
Running a successful restaurant involves more than just delivering delicious food and exceptional service. It requires careful management of finances to ensure long-term growth and profitability. Without a robust financial system in place, even the most popular restaurant can face difficulties. This is where Restaurant Accounting Services comes in. We specialize in providing comprehensive restaurant bookkeeping services to help restaurant owners manage their finances effectively, keep track of expenses, and ensure compliance with tax regulations.
If you’re like most restaurant owners, it’s the daily pressure of the finances that burdens you above all else. The fact is, only when your finances are properly controlled is it possible to actually enjoy running the restaurant business you dreamed of & made a reality.
“We have a great deal of confidence in Restaurant Accounting Services. All communications are clear and professional. They are always available to us to answer any questions. Their financial reporting is the best we’ve ever had. The fact that they only work with restaurants sets them apart from other firms. I highly recommend Restaurant Accounting Services to any restaurant owner who wants to work with real industry experts.”
Paul Wahlberg, Alma Nove / Wahlburgers
What Are Restaurant Bookkeeping Services?
Restaurant bookkeeping involves the systematic recording, organizing, and tracking of all the financial transactions related to your restaurant. From monitoring daily sales and expenses to keeping accurate records of inventory and payroll, bookkeeping ensures that your financial data is organized and accessible.
Bookkeeping differs from accounting in that it primarily focuses on the day-to-day financial operations of your business. While accounting involves the interpretation, analysis, and reporting of your financial information, bookkeeping serves as the foundation by keeping accurate records of every transaction. A well-maintained bookkeeping system is essential for making informed decisions and staying compliant with tax regulations.
Problems restaurant owners and managers are faced with every day:
- Non-productive time and resources are spent on vendor invoice matters.
- Inconsistent Weekly Prime Cost Reporting required for prompt adjustments.
- Financial duties distract from the key income-producing details of customer satisfaction.
- Accounting methods are not restaurant specific. (Don’t worry, we’ve seen and corrected it all!)
The RAS Team:
RAS consists of more than 50 highly trained restaurant-accounting professionals, solely focused on structured management of the books for Independent Restaurants like yours.
Your Information Flow:
Invoices are forwarded with the simple installation of a RAS batch scanner. Sales data is pulled from your POS system. Reconciliation tasks are fulfilled via on-line banking.
Every Week:
- Your labor costs and percentages are reported by kitchen, front of the house and management for specific scheduling and tip reporting.
- Food, wine, beer & liquor costs & sales percentages are reported for management oversight & pilferage control.
- Credit card charges and bank deposits are reconciled to verify all deposits are posted & correct.
- Your vendor invoices are verified, properly coded, recorded & reconciled with payments and credits due processed.
Every Month:
Your accurate & timely Profit & Loss statement and Balance Sheet is essential. Late reports are useless for adjustments that could be made to ensure next month’s maximum profitability.
Your Back Office:
Controlling cash flow, minimizing losses & maximizing profits at a cost substantially less than in-house!
Make RAS your back office today!
To learn more about how we’ll help your restaurant, please call 781-706-5725 or enter your information in the contact form.
“RAS has changed my life. For the past sixteen years, RAS has provided more complete, timely, and accurate financials than I ever had.
The accounting for all my Restaurants is at my fingertips 24/7 and has proven to be a priceless tool for management and expansion.”
Steve DiFillippo
Davio’s
Why Choose Us for Restaurant Bookkeeping?
At Restaurant Accounting Services, we pride ourselves on providing tailored, expert bookkeeping services to restaurants. Here’s why restaurant owners choose us:
1. Experienced Team
Our team of experienced bookkeepers understands the unique financial challenges that restaurant owners face. With years of experience in the restaurant industry, we know how to manage your finances efficiently and effectively.
2. Local Knowledge
We’re deeply rooted in the community and have a strong understanding of the local restaurant market. This allows us to provide relevant financial advice and insights that are specific to your business’s needs.
3. Personalized Service
We take a hands-on approach to bookkeeping, offering personalized service that is tailored to your restaurant’s needs. Whether you’re looking for help with daily sales tracking, payroll management, or tax compliance, we’re here to help.
Contact Us
If you’re looking for reliable, efficient, and cost-effective restaurant bookkeeping services. Restaurant Accounting Services is here to help. Let us handle the complexities of your restaurant’s financial management so that you can focus on what matters most—delivering great food and service to your customers. Contact us today to schedule a consultation or learn more about our services.