Accounting for Restaurant

Why Choose Our Restaurant Accounting Services?

1. Expertise in the Restaurant Industry

We understand the unique challenges restaurants face, including inventory management, food cost tracking, payroll, and tax compliance. Our team knows how to navigate these complexities, so you don’t have to.

2. Real-Time Financial Insights

Access detailed, real-time reports to monitor your restaurant’s performance. From daily sales tracking to profit-and-loss statements, we provide the data you need to stay ahead of the competition.

3. Cost Management and Profitability Analysis

We’ll help you identify opportunities to reduce costs, optimize menu pricing, and maximize profitability without compromising quality.

4. Simplified Payroll Services

Managing payroll for kitchen staff, servers, and managers can be tricky. We ensure accurate and timely payroll processing, including tip management and compliance with labor laws.

5. Tax Preparation and Compliance

Never miss a deadline with our comprehensive tax services. We’ll handle sales tax reporting, tip allocation compliance, and end-of-year tax filings so you can focus on what matters most—your customers.

Our Services Include

Bookkeeping

Bookkeeping services offered by a restaurant accountant are tailored to meet the unique needs of the food and beverage industry, ensuring accurate financial records and seamless operations. These services include tracking daily sales, managing accounts payable and receivable, reconciling bank and credit card statements, and maintaining detailed expense records. A restaurant accountant also monitors inventory levels, food costs, and vendor payments to help control expenses and improve profitability. With real-time financial reporting, restaurant owners gain insights into cash flow, profit margins, and seasonal trends, enabling smarter decision-making. By outsourcing bookkeeping to a restaurant accountant, owners can focus on delivering exceptional dining experiences while leaving the numbers to the experts.

Inventory and Cost Control

Inventory and cost control are critical to running a profitable restaurant, and a skilled restaurant accountant can streamline these processes. They provide accurate tracking of food and beverage inventory, ensuring that stock levels align with sales to reduce waste and overordering. By analyzing ingredient costs, portion sizes, and supplier pricing, the accountant identifies opportunities to minimize expenses without compromising quality. They also help implement inventory management systems to monitor real-time usage, providing actionable insights into cost-effective menu planning. With these services, restaurant owners can maintain tighter control over costs, improve profitability, and ensure a consistent dining experience for customers.

Cash Flow Management

Cash flow management is a critical service offered by a restaurant accountant, designed to ensure your business remains financially stable and prepared for both expected and unexpected expenses. A restaurant accountant helps monitor the inflow and outflow of cash, providing insights into daily revenue, supplier payments, payroll, and operating costs. By creating cash flow forecasts, they identify potential shortfalls and suggest strategies to maintain liquidity, such as optimizing inventory purchases or adjusting menu pricing. They also track seasonal fluctuations and implement plans to balance income during slower periods. With professional cash flow management, your restaurant can avoid financial strain, capitalize on growth opportunities, and maintain smooth operations year-round.

Payroll Processing

Payroll processing is a critical service offered by a restaurant accountant to ensure that employees are paid accurately and on time, while also complying with tax laws and labor regulations. Restaurant accountants handle the complexities of managing hourly wages, salaried staff, and tip income, ensuring that all payroll components are correctly calculated and deducted. This includes processing overtime, calculating taxes, managing benefits, and handling garnishments if necessary. They also ensure compliance with state and federal regulations, including minimum wage laws, tip reporting, and employee classifications. With a professional accountant managing payroll, restaurant owners can reduce the risk of costly mistakes, avoid penalties, and free up valuable time to focus on growing their business and serving customers.

Tax Services

A restaurant accountant offers a wide range of tax services designed to simplify complex tax regulations and ensure compliance while maximizing your business’s financial efficiency. These services include sales tax reporting, ensuring that your restaurant complies with state and local tax laws, and income tax preparation, including filing for both federal and state taxes. They also assist with tip allocation compliance, ensuring that tips are properly recorded and taxed according to labor laws. Additionally, restaurant accountants help with deductions for business expenses, such as supplies, utilities, and employee benefits, to minimize your taxable income. By staying up-to-date with ever-changing tax regulations, restaurant accountants help you avoid penalties, maximize available deductions, and streamline your tax process, leaving you free to focus on running your business.

Who We Serve

• Fine Dining Establishments
• Casual Dining Restaurants
• Fast Food Chains
• Cafés and Coffee Shops
• Food Trucks
• Bars and Breweries

This is not an all-inclusive list, if you are wondering if we can help you please reach out to us so we can answer any questions or concerns you may have. 

Choose Cooper Norman 

Owning a business is hard enough but add in finances and it becomes that much more difficult. With our accounting expertise, you’ll gain the financial clarity you need to make smarter decisions and focus on growing your restaurant. Whether you’re a small café or a large chain, we’ll tailor our services to meet your unique needs. At Cooper Norman, we want to help you and your business on the path to success. Please call us with any questions that you may have on what we can do for you. We want to help your business thrive and reach all the goals that you have set!