Checkbook and Credit Card Services for Restaurants
Running a restaurant is an exciting but challenging endeavor, especially when it comes to managing finances. Every transaction, whether it’s paying a vendor or charging a customer’s credit card, needs to be meticulously tracked. Failing to properly manage your checkbook and credit card transactions can lead to costly errors, cash flow problems, or even fraud. That’s why Restaurant Accounting Services offers specialized checkbook and credit card management services designed to help restaurant owners maintain financial stability and focus on what they do best—running their business.
Our comprehensive checkbook and credit card services ensure that every transaction is accounted for, expenses are categorized, and your restaurant’s finances remain secure and organized. With our expert support, you can streamline your financial operations and gain valuable insights into your spending and cash flow.
What Are Checkbook and Credit Card Services?
Checkbook and credit card services encompass the management of all financial transactions made through your restaurant’s bank accounts and credit cards. This includes keeping track of checks written to vendors, reconciling credit card transactions, balancing your checkbook, and ensuring all payments are accurately recorded. These services are crucial for maintaining financial transparency and control in the fast-paced restaurant industry.
Checkbooks
- RAS keeps your checkbook balance up-to-date every week.
- RAS reconciles all of your bank accounts weekly via online banking with the credentials you provide.
Credit Cards
In the billions of transactions completed hourly by the major credit card companies, mistakes are made. It is not uncommon for a restaurants daily credit card charges to be credited incorrectly or not at all.
RAS reconciles all credit card receipts received by the bank to the restaurants POS credit card transaction reports.
Variances are immediately investigated to confirm the bank deposit is correct, or to correct the error in batch / merchant services / bank processing.
View a full-size, sample report here or click on the image below.