RESTAURANTS
A restaurant does more transactions in a weekend than most businesses do in a month, and every one of them touches your books, whether it’s a card swipe, a cash tip, or a delivery app payout. PFGTAX does bookkeeping built for the pace and complexity of running a restaurant, so your numbers are accurate, your tip reporting is handled correctly, and you know your real food cost instead of guessing. Call 888.879.3007 to talk with someone who understands restaurant margins.
Restaurants run on thin margins, and thin margins don’t forgive sloppy books. Between your POS system, credit card processor, delivery platforms, and cash drawer, money is coming from four or five directions before it ever lands in your bank account. If your bookkeeping doesn’t reconcile all of it correctly, you’re working from numbers that don’t reflect what actually happened.
Reconciling your POS, not just your bank account
Your bank statement only tells part of the story. We reconcile your point-of-sale system against your bank deposits and processor statements, so sales, discounts, comps, and fees are all accounted for correctly instead of showing up as one unexplained deposit. That’s the difference between books that look fine and books you can actually trust.
Tip reporting and payroll, done correctly
Tip income has specific reporting rules, and getting them
wrong creates problems for both the business and your staff. We track tips
reported through your POS and payroll system and make sure the numbers flow
through correctly, so you stay compliant without turning it into a manual chore
every pay period.
Knowing your real food cost
Food cost is one of the few numbers that tells you whether
the restaurant is actually working. If your books don’t track cost of goods
sold accurately by category, you can’t tell whether a menu price increase, a
new supplier, or a portion change actually helped. We keep your cost of goods
sold organized so you can see your real margins, not an estimate.
What we handle for restaurants
- POS, processor, and delivery platform reconciliation
- Tip reporting and payroll coordination
- Cost of goods sold and food cost tracking
- Multi-location bookkeeping and consolidated reporting
- Accounts payable for vendors and suppliers
- Monthly bookkeeping, reconciliation, and financial statements
- Catch-up and cleanup bookkeeping to get current
- Books ready for tax prep and lender or landlord requests
Built for the pace of restaurant life
You’re already managing staff, suppliers, and a dining room full of people who need something right now. Your books shouldn’t be one more thing pulling your attention in five directions. We keep them accurate and current, so when you do look at the numbers, they tell you the truth.
FAQ
Why does restaurant bookkeeping need to be different from other small businesses?
Restaurants have high transaction volume, multiple payment sources, cash tips, and thin margins that require detailed cost of goods sold tracking. General bookkeeping that just looks at bank deposits misses too much of what’s actually happening.
How do you reconcile POS and payment processor data?
We match your point-of-sale sales data against your bank deposits and processor statements, so fees, discounts, comps, and refunds are accounted for correctly instead of leaving a gap between what you sold and what you deposited.
Can you help with tip reporting?
Yes. We coordinate tip reporting between your POS and payroll system, so the numbers are recorded correctly and consistently
Do you work with multi-location restaurants?
Yes. We handle bookkeeping for single locations and multi-unit operators, with consolidated reporting so you can compare locations side by side.
Can you help if my restaurant books are behind?
Yes. Catch-up and cleanup work is common in this industry given the transaction volume. We’ll get your books reconciled and current, then keep them that way.
Stop guessing at your margins. Call to set up a consultation.
OR email us info@pfgtax.com