Why Outsourced Restaurant Bookkeeping Services make Financial Sense

 

Bookkeeping is the cornerstone for any restaurant that wants to achieve profitability and save money on corporate tax filings.  When it comes to back office bookkeeping, does it make more financial sense to outsource it or hire a full time staff?  Since accounting is not a part of your restaurant’s core competencies, it makes sense to outsource comprehensively. You will be reducing your expenses, while freeing up your resources to concentrate on increasing sales.    

Affordable Bookkeeping Services Keep Your Restaurant Operations Running Smoothly

As a New York City restaurateur or franchise operator, your time is precious and extremely limited.  From handling staff, to dealing with food and liquor vendors, to making sure the customer dining experience is 5 star rated, to finding the time necessary each week, to make sure the books are done correctly…the list goes on and on.  Bookkeeping Chefs was created to assist restaurants by using software accounting technologies to increase profit margins and financially function more efficiently.  Our managed bookkeeping services provide businesses with financial data that is accessible on demand, and always correct. The weekly outsourced restaurant bookkeeping, accounting, financial reporting, and payroll service solutions are customized to fit the size and needs of your organization.    

The Many Benefits that Come with Outsourcing Your Bookkeeping Tasks

There are various aspects in restaurant bookkeeping that need to be managed, such as unreconciled bank statements, payroll, invoices, monthly financial statements, sorting disorganized bookkeeping, solving the improper cash records and more. 

Bookkeeping Chefs’ services provide restaurants with clean and tax ready financial reporting each month.  When you partner with Bookkeeping Chefs, you reduce the amount of time spent on day-to-day bookkeeping, while utilizing real-time insight and strategic feedback to accelerate growth. Your restaurant may have an award winning chef, but not know how to properly read a financial statement or understand discrepancies in your inventory. This helps restaurants that may be struggling to hit their profit margin goals each month.  Our accountants and CPAs can help analyze and make sense of the financial complexities; and  help pinpoint “key issue” areas that may need improvement.   

We want to help your restaurant thrive financially and, by simply scanning your receipts or connecting to your POS system, we will pull the daily sales numbers into your back office bookkeeping system. You will then be able to steadily increase the profits you are generating from your restaurant.   

  See what Bookkeeping Chef customers have to say

They showed me a new way of organizing accounting in the cloud. By connecting and integrating our POS system daily sales numbers of the bookkeeping software, it reduced the amount of paper receipts by over 75%. I would highly recommend any restaurant business, small or large, to try Bookkeeping Chef. What they afford you is cost effective; it gives you time, and it gives you great peace of mind.  – Owner of Tocqueville Marco Moreira

Equip Your Eatery with Financial Intelligence Data in Order to Make Better Business Decisions

We provide a comprehensive approach with customized financial reports and KPI dashboards, which give an instant snapshot and trending view of your business’ financial health.  In addition, Bookkeeping Chef’s transactional-level bookkeeping services include:

  • Setting up a complete cloud based back office system for bookkeeping
  • Accounts payable – vendor bill pay and account management
  • Daily sales reporting
  • Accounting system solution setup and maintenance
  • Accounts receivable and outsourced billing
  • Banking and credit card reconciliation
  • Sales and payroll tax reporting  
  • Outsourced payroll
  • Benefit withholding setup
  • Weekly and monthly reports
  • Cash flow management and budgeting
  • Business fraud prevention and internal controls
  • Financial reporting – (P & L, income, balance sheet statements) 
  • Financial KPI dashboard
  • QuickBooks® integration
  • Annual preparation for tax return filing     

Is your restaurant functioning in the 21st century?  Are you ready to harnesses the power of cloud-based technologies that provide automated system platforms that truly streamline your bookkeeping and accounting service needs?  

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