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Shaker Heights Bookkeeping Services

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Key metrics are a critical guide to your success. Knowing your cost centers and labor percent can be the difference between success and failure.

Having a bookkeeper with years of experience is not easy to find. It is even more difficult to hire an expert at a price you can afford.

We can Assist you.

Restaurant bookkeeping is our specialty. The tasks are unique to the hospitality industry and include specialized entries. 

These entries include:
  • Posting Sales and Cost of Goods Sold from your POS (Point of Sale) system to QuickBooks.
  • Posting checks and payments to the correct restaurant expense accounts.
  • Reporting and filing of Sales Tax for the hospitality industry.
  • Matching Salaries and Wages to the payroll reports.
  • Tracking cash payments to dishwashers and casual labor employees.
  • Correctly posting partner fees from Door Dash and Uber.
  • Inventory accounting.
  • Intercompany entries for each restaurant owned by partners.
  • Workers Compensation filings.

In an industry with low profit margins it becomes even more important to have access to cash flow reporting and budgeting.

Given the demands on your time, you need budget vs actual reports. This metric will keep you in the black. By identifying the causes of over spending and managing costs you will be more profitable.

The bookkeeping reports are the first step in the reporting cycle. Cash flow management and debt reduction are the out come of planning and forecasting.

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