Accounting and Bookkeeping Services for Restaurants

Your trusted advisor for all your accounting and bookkeeping needs! Offering First Month of Bookkeeping for FREE!

or Call 1800 583 0148

You handle the restaurant. We’ll handle the books.

  • We quickly and easily help you get your books up-to-date and ready for taxes, loans, or other transactions, for a clear picture of your business’s financial situation
  • Our convenient, online bookkeeping services start as low as $95 a month and are provided by Certified QuickBooks ProAdvisors and Xero-Certified Advisors
  • We include accounting software and automated and secure encrypted monthly bank statement downloads
  • We have your needs covered with back bookkeeping, real-time bookkeeping, payroll, and full- or part-time bookkeepers, so you can get back to doing what you do best
  • We'll reconcile one month of your books for free, so you’ll see exactly how we remove your bookkeeping stress and frustration


Best Accounting and Bookkeeping Software for Restaurants

We support you with QuickBooks and Xero accounting and small business bookkeeping software programs

Quickbooks logo appears on the left side.

Quickbooks is the accounting software package developed by Intuit and geared towards small and medium-sized businesses.

Xero logo appears on the right side.

Xero is a cloud-based accounting software platform for small and medium-sized businesses.


Hiring a Bookkeeper for your Restaurant

As a restaurant owner, you need to know your financial position at all times. Unfortunately, you might not have the time to do the necessary tasks for this to be possible.

A restaurant owner has a lot on their plate - they have to manage the financials, track payroll, and constantly be marketing. They might not have time for all of these tasks which is why they may want to consider hiring a bookkeeper.

A bookkeeper can work alongside accountants and help them with their tasks. Some bookkeeping tasks can even be automated with different algorithms making the process faster than if humans performed it.

Bookkeeping for Fast Food Restaurants

Fast food restaurants are great businesses, but they are always under pressure to keep up with the competition.

It is important to keep track of your finances as a fast-food restaurant owner, so you can make the best decisions for your business. A bookkeeping service can help with this by performing all the bookkeeping tasks for your business, saving you time and money.

Bookkeeping for your Small Restaurant

Small restaurant owners often lack the time and resources to manage their finances. This is why it makes sense to hire a bookkeeper.

A bookkeeper can take care of all the financial records of your business and prepare the necessary reports to help you make the best decisions about your company.

Bookkeeping Tips for Restaurant Owners

Bookkeeping is a tedious and time-consuming task, and it can be difficult for restaurants to keep track of their finances. Below are some tips for restaurant owners to help manage their restaurant’s finances.

  • Keep a record of all your transactions in an Excel spreadsheet that you can easily access from anywhere on the internet.
  • Use a ledger or journal to keep track of all your expenses and income, as well as any other relevant information about your business.
  • Create a budget and stick to it, so that you know what you're spending money on and what you're saving money on.

A Bookkeeper’s Duties And Responsibilities in your Restaurant

An entry-level bookkeeper is responsible for various tasks in a restaurant. They must be able to keep meticulous records, handle payroll, and prepare financial reports.

It is important that you hire a bookkeeper that has knowledge of your specific industry, that way you know everything is being done correctly, and there are no surprises come tax time.

White Label Bookkeeping Services for your Restaurant

White label bookkeeping services can provide restaurant owners with affordable bookkeeping services. They help them to manage their business and keep track of all their finances.

A white-label bookkeeping company helps restaurant owners generate more revenue by providing different types of financial reports and insights on how they are doing financially, in comparison to other restaurants in the same area or industry.

Restaurant accounting tasks

An accountant is required for a restaurant to keep, or check, the books and make sure that they are complying with all tax laws.

An accountant can be an essential part of a restaurant’s team. They can ensure that all the financial records are accurate and that the business is running efficiently. This will also help them in making sound decisions about investments and expansion plans.

The following are some of the tasks that an accountant can do for a restaurant:

  • Keep track of cash receipts, expenses, and revenue
  • Ensure that they are compliant with all tax regulations
  • Keep tabs on payroll taxes

What are the benefits of using bookkeeping services for a restaurant?

Bookkeeping services for restaurants come with a variety of benefits. They help in managing the cash flow and make sure that all transactions are recorded, making it easier to prepare reports and other business documents.

With bookkeeping services for your restaurant, it is easy to keep track of payments and income. The service also helps in creating budgets for the restaurant’s future operations.

What are the advantages of using bookkeeping services for a restaurant?

Bookkeeping services can help a restaurant manage its finances and keep the business running smoothly. They provide the necessary information to make sure that the restaurant is operating in the most efficient way possible.

Some of these advantages are:

  • Gathering data on monthly sales and expenses
  • Monitoring cash flow, making sure that everything is running smoothly
  • Providing insights into how much money is being spent on different areas of business

What are the disadvantages of using bookkeeping services for a restaurant?

Bookkeeping services for a restaurant are a great way to keep track of the finances and manage the day-to-day operations. However, there are some disadvantages that can come with this kind of service.

One of the biggest disadvantages is that restaurant owners may not have access to all the information they need. They may only get access to what is provided by the restaurant’s accounting software. This means that you should do your research and select the service that can use the software that works best for your needs.

Bookkeeping for Restaurants

A Recipe for Your Success

Although tremendous effort goes into developing and refining your menu, creating the right ambiance, and hiring and training the right staff, turning your restaurant into a profitable business is your ultimate goal. As with any business, that means you need to stay on top of your finances, which also means your restaurant’s books need to be properly managed.

Thank goodness there is a smorgasbord of tips for restaurant owners like you to help you understand what you need to do for bookkeeping for restaurants:

Tracking income

For most owners of cafes and restaurants who conduct a lot of cash business, keeping an accurate record of revenue can seem a little vague. But, knowing how much revenue you have and where it comes from is essential to budgeting properly. Avoid the temptation to overestimate or underestimate your revenue.

Accuracy

It is of the utmost importance to accurately record all of your business transactions, including food costs, labor costs, payroll, credit card accounts, and bill payments—to the penny. Precision counts! Even those few seemingly inconsequential dollars and cents will multiply over time and affect your bottom line. And, you’ll appreciate the accuracy when it’s time for balance sheet reconciliations.

Use Modern Restaurant Accounting Software

There is a wealth of software available for almost every type of business these days, and restaurants are no exception. You can find software products that will manage your monthly inventory, interact with your point of sale (POS) systems, and perform lots of other financial tasks. Best of all, most of it is easy enough to use (like QuickBooks Online for Restaurants) so that you don't need a degree in finance in order to run it.

Hire a Professional Bookkeeper

If all of this seems too overwhelming, you may want to consider a professional bookkeeper. A bookkeeper will not only be able to help you organize your bookkeeping but will also help you improve your financial processes.

Restaurant Accounting and Bookkeeping Services

Remote Books Online is a bookkeeping service that lets you concentrate on your restaurant instead of your bookkeeping. Flat, affordable monthly rates are available as low as $95/Month with a team of experienced Certified QuickBooks Pro Advisors to help you get your books on track.

You’ll also have a dedicated, certified lead accountant (with a four-year accounting degree and often more credentials) to answer all of your questions. And, you can expect same-day answers.

Remote Books Online Offers Assistance With:

  • Software and full bookkeeping and accounting services for restaurants, cafes, and coffee shops (using QuickBooks Online for Restaurants)
  • Invoices, payroll, and bill payments for restaurants, cafes, and coffee shops
  • Preparing and presenting monthly and quarterly, various semi-annual state and federal government reports
  • Month-end duties including bank reconciliations, inventory, balance sheet reconciliation, and expense review
  • Preparing data for budget processes

Outsourcing Bookkeeping Services for Restaurants

What does it do for you?

As a restaurant owner, you can make better decisions when you have access to your profit and loss (P&L) and financial statements such as accounts receivables (AR) and accounts payables (AP). Our certified QuickBooks Pro advisors will make sure you have this information in the palm of your hand whenever you need it and are kept up-to-date in real-time.

Bookkeeping is tedious work that takes you away from more important things. Let our QuickBooks Pro Advisors handle your books, so you can focus on making your restaurant one of the most popular eateries in town.

Smiling restaurant owner and chef standing in the restaurant’s kitchen.

or Call 1800 583 0148


Get started with Remote Books Online today.

Try us out for free!

Remote Books Online will enter all transactions, make all necessary journal entries, and reconcile one month of your books for free. We want you to experience and evaluate our bookkeeping service and process for yourself, so we can start to build a long-term relationship with you.

Speak with an agent to get a quote and setup an appointment with a Certified QuickBooks Pro Advisor to go over your books.

1800 583 0148

Bookkeeping checked off your list

Now that bookkeeping is off your plate, what will you focus on next? New menu items? Taking a course? Thinking about an event? A new location? With Remote Books Online on your side, now you have the time to start planning.

  • No late nights of data entry and other tedious bookkeeping work after the restaurant closes.
  • No spending time and money training employees on bookkeeping.
  • Books are always current and accurate.
  • More time available to focus on your restaurant.

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