Restaurant Accounting Services

At Global Business Projects Company’s virtual office, we recognize the unique hurdles that restaurateurs face in their business operations. Whether you’re launching a new restaurant or consolidating an existing establishment, our exceptional team of accountants is here to assist you in creating and managing your financial roadmap. We specialize in delivering comprehensive analyses and relevant insights to enhance your understanding of the industry. Additionally, we provide valuable benchmarking data that compares your restaurant’s performance to others, identifying specific areas for improvement and overall results enhancement.

With our deep expertise in restaurant operations, we can navigate the complexities of the industry and provide you with the necessary financial strategies to minimize tax liabilities. Our Restaurant Accounting Services aim to be your strategic partner, focused on maximizing your profits. We take a proactive and accessible approach, supporting you in achieving success while pursuing your passion. From day-to-day accounting tasks to business structuring and financial software solutions, our Restaurant Accounting Services cover all aspects of the accounting process. We are dedicated to helping you succeed in both the short and long term by offering valuable insights to better manage your business.

To streamline processes, reduce expenses, and increase productivity, we leverage cutting-edge accounting software such as QuickBooks, Xero, Intacct, and more. By employing these advanced tools, we ensure efficiency and accuracy in your operations. When you partner with our Restaurant Accounting Services Team, you can expect a range of benefits, including:

  • Daily sales reporting and accounts receivables management
  • Reconciliation of cash and credit card deposits
  • Effective management of accounts payable
  • Credit card charges tracking and reconciliation
  • Bank and credit card reconciliation
  • Royalty reconciliation
  • Gift card balance reconciliation
  • Inventory balance reconciliation
  • Intercompany/stores reconciliation
  • Month-end and year-end adjustments for entries like depreciation, accruals, prepayments, deferred revenue, etc.
  • Sales tax calculation and e-filing
  • Thorough review of the general ledger
  • Monthly, quarterly, and year-end closing reports
  • Consolidation of financials
  • Analysis of cost of goods sold (COGS) and payroll expenses
  • Category-wise revenue, COGS, and gross profitability analysis
  • Key performance reporting with in-depth analysis
  • Fixed assets management
  • Cash flow management
  • Accounting book setup

Partner with us at Global Business Projects Company’s virtual office and experience the benefits of our expertise and insight. We are committed to helping your restaurant succeed by providing comprehensive and tailored Restaurant Accounting Services.