How Rescountant help you grow
Restaurant accounting and bookkeeping services
Let us handle your restaurant's accounting and finance operations, so you can focus on steering your success.
Getting Started
We understand that changing how you handle your restaurant’s finances can be daunting. That’s why we’ve designed our onboarding process to cover everything you need, ensuring a smooth transition without missing any details.
Our Onboarding Process
When you join us, a dedicated team will thoroughly assess your current accounting processes, identify pain points, understand your goals, and consider the unique aspects of your business.
KICKOFF
Meet your onboarding team
They’ll set clear expectations, outline responsibilities, and establish smooth communication while you provide the needed info.
DOCUMENTATION
Documenting & Establishing Procedures
We will assist in completing questionnaires for Accounts Payable (AP), Accounts Receivable (AR), bank reconciliations, financial reporting, and close processes to ensure that your software and procedures are optimized.
STABILIZING
Practice makes perfect
With the right info, we’ll handle the numbers and adjust as needed.
HANDS-OFF
Easy transition
Once onboarding is set, our Processing team takes over your accounting. You’ll manage AP, bank reconciliations, and closing tasks until billing begins, with your Onboarding team supporting you through the switch.
BEGINNING DATE
How about this
Let’s get started! We’ll work together to make your transition smooth and seamlessly blend with your team.
Restaurant Accounting Services
Accounts Payable
As your restaurant finance partner, we ensure precise and prompt management of all accounts payable (AP) by correct recording and classification of all Bills. We manage everything from setup to processing payments and different portals like Bill.com, Brix etc. We also cover 1099 preparation, sub-ledger reconciliation, and detailed aging report reviews. Count on us for expert management of your restaurant’s vendors.
Accounts Receivable
From managing digital payments to POS transactions, we ensure that all restaurant income is accurately recorded and your accounts receivable ledgers are up to date. We’ll review all revenue streams, validate transactions related to orders and events, and ensure recurring charges are set up correctly. Additionally, we can handle any specific requirements related to discounts, promotions, or other revenue adjustments.
Accounts Reconciliation
At Rescountant, our services save you significant time each month. We diligently review your bank reconciliations weekly to quickly address any discrepancies, expediting your monthly financial closings. Additionally, we specialize in detailed restaurant reconciliations, utilizing advanced software to ensure alignment between bank accounts, cash registers, and adjusted financial balances, accounting for future adjustments and ensuring accurate financial reporting.
Owner Payment And Statement
At Rescountant, we know how important it is to have strong relationships with restaurant owners and to pay close attention to detail when closing financial books. We specialize in providing clear, easy-to-understand reports and documents that are thoroughly reviewed for accuracy and consistency. Our detailed closing checklists include tasks like 12-month financial reviews, sub-ledger reconciliations, preparing and reviewing reporting packages, and managing distributions to ensure everything is in order.
Best Practice
At Rescountant, we focus on setting up and improving your accounting processes to ensure everything runs smoothly and efficiently. Our team will create an approval system that keeps tasks separate, so you stay in full control of your finances while your operations run effectively.
Cooperate Bookkeeping
Need help with managing your restaurant’s finances? We can take care of classifying your expenses, handling incoming payments, managing third-party invoices, performing account reconciliations, preparing financial statements, and handling other tasks like transactions between different parts of your business.
Frequently Asked Questions
The process begins with a free consultation to understand your needs. We then create a customized plan, set up your accounting system, and provide ongoing support and reporting. Book a Free Consultation with us now.
Our specialization in the restaurant industry, combined with our in-depth knowledge of restaurant-related ERP systems and restaurant management systems, allows us to provide tailored and efficient accounting solutions. Whether it’s managing complex payroll with tip allocations, navigating fluctuating food and inventory costs, or ensuring compliance with industry-specific tax regulations, Our commitment to helping you achieve financial success through accurate bookkeeping, insightful financial analysis, and seamless integration with your existing restaurant management software sets us apart from other accounting service providers.
We take extensive steps to protect your restaurant’s financial information. This includes using special coding techniques to keep data safe when it’s being sent or received, storing it on highly secure servers to block any unauthorized access, and regularly checking our security systems for any weak spots so we can fix them quickly. Additionally, we ensure that only the right people, who have been given permission, can see or use your confidential information.
Our restaurant accounting services make managing your finances easier by accurately recording transactions, handling supplier & vendor bills so your restaurant operations run smoothly, and processing payroll on time with accurate calculations & recording in accounting system. We take care of all tax matters, from planning to filing, so you avoid penalties and get the best deductions. With our detailed financial reports & analysis, you’ll clearly understand your restaurant’s financial health, helping you make smart decisions to grow your business.
Our pricing is tailored to the specific accounting services your restaurant requires. We offer a variety of flexible packages designed to fit different budgets and operational needs. To get an accurate estimate that aligns with your restaurant’s unique financial requirements, please see our pricing page for more details.
Yes, we specialize in payroll processing tailored for restaurants. Our services include managing tips, accurately calculating tax withholdings, handling overtime pay, and ensuring compliance with all relevant labor laws and regulations. This comprehensive approach helps you maintain accurate payroll records, avoid legal issues, and ensure your staff is paid correctly and on time.
We utilize industry-leading accounting software tailored for restaurants, including Restaurant365, RASI, TouchBistro, Toast, QuickBooks, Xero, Odoo, and ZohoBooks. Our services are further enhanced by advanced ERP systems like Oracle NetSuite, Sage Intacct, SAP Business, and Microsoft Dynamics 365. Additionally, we employ state-of-the-art tools such as Gusto, Rippling, Power BI, Tableau, Square, AvaTax, TaxJar, and others to ensure comprehensive and efficient financial management.
At Rescountant, we understand the importance of a personalized approach. Schedule a call with our experts anytime through the provided link. We’ll be pleased to assist you every step of the way.
Let's start growing!
Improve how you manage your finances with our easy-to-use accounting services. We handle bookkeeping and tax preparation for you, so you can focus on growing your restaurant without worrying about the paperwork and other administrative tasks.
Or provide us with your details, and our team will reach out to you.
Get in touch
Contact our restaurant accounting experts and tell us how we can assist with your financial needs.