Accounting for Growth
We read between the lines of the systems, the softwares, and the financial statements to see the true financial story being told. That’s the power of specialized accounting services for restaurants.
Our accounting services for restaurants turn accounting headaches into peace of mind. You don’t have to hand more dollars over to the government than they require, just because you don’t know their rules as well as they do. You don’t have to live in a constant state of anxiety over the state of your books, spending your valuable time trying to manage the whole process. The future of your restaurant doesn’t have to be a question mark.
Every time we meet with a new restaurant owner, we rediscover (together) the power of having the right information at our fingertips.
Too many restaurants are trying to grow with an anvil tied around their legs because they don’t know how to spot financial problems BEFORE they become a catastrophe.
Or they are missing out on real chances for meaningful growth … simply because they were blind to the data that would have shown them the way. Restaurant business owners are evaluating their success with unclear numbers, or worse by “what’s in the bank” instead of having the kind of data and KPI’s that are possible when you have a true expert in your corner.
Our accounting services for restaurants spotlight problems and whip your business finances into shape. We’ll reconcile discrepancies, produce and pay invoices for bills and orders, complete payroll, track transactions, and generate regular reports to help you make profitability and GROWTH decisions and get your business’s financial well-being in order.
Furthermore, we’ll help you see the possibilities on your restaurant’s horizon by building budgets and forecasts, identifying trends within your business so that you’re not caught in the humdrum of the status quo.
The future of your restaurant doesn’t have to be a question mark.
People know our various accounting services for restaurants by these kinds of names:
Accounting Software Management
Accounts Receivable
Accounts Payable
Weekly Cash Flow Reporting & Maintenance
Daily & Weekly Profit Margin Analysis
Payroll & Benefits
Expense Reimbursement
Financial Account Reconciliation
Bank & Credit Card Reconciliation
Month-End Close
Monthly Financial Reports, with Video Synopsis
Payroll Management
Payroll Tax Settlement
Sales Tax
1099 Preparation
Business & Financial Strategy
Financial Reporting
Inventory Control
Restaurant Tech Stack Management
… but what we really do is give you the peace of mind to make your restaurant as profitable as it can possibly be.
Benefits of Done-For-You Accounting Services for Restaurants
Independent restaurant owners can take advantage of our outsourced accounting services to improve their operations and reduce losses due to financial mismanagements.
1. Save Time Running Paperwork
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- Logging financial transactions and balancing a ledger can be a large time commitment for those not intimately familiar with accounting.
2. Lower Operational Costs
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- Outsourcing accounting functions saves operational costs that could go into the growth of the restaurant.
3. Informed Business Decisions
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- Make smart and informed business decisions backed by accurate accounting and experienced analysis. We equip you with the financial knowledge you need to control your business finances and have a solid foundation for the future of your restaurant.
4. Maximize Accuracy
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- Most “bookkeepers” are transactional based workers and don’t really have the financial analytical skills you need. We specialize in accounting for restaurants, so we’ve seen and handled it all in that industry.
Let Us Help:
Comprehensive Reporting & Services
Cloud-Based Bookkeeping and Accounting System
Unlike most traditional accountants and CPA firms, we take a modern and tech-based approach to accounting. This means we’re not using outdated manual processes to record all your financial transactions.
The use of our financial tech stack for restaurant bookkeeping and accounting has so many benefits. It offers increased accuracy and stores financial records in centralized cloud storage platforms.
Access to Periodic Detailed Financial Reports
Restaurant owners will have live access to QuickBooks Online. You’ll have access to your business financial records from any location, 24 hours per day and 365 days per year.
You can access your finances, track your transactions, and get information on your business performance with a simple mouse click or phone tap. Our online tech stack keeps your information safe, organized, and fully accessible to anyone with permission (and only who you give permission to) even as our team updates the daily financial activities.
Make Better Financial Decisions Based on Actual Data
We use the numbers from your business to paint you a picture of your progress and growth curve. We offer weekly detailed reports on current cash balance and cash flow management. This information will help you run your business, and sleep better at night knowing your current financial position. The weekly reports also give insight into how your day-to-day restaurant management decisions affect your business. Thus, it’s easy to see where you are going against profits and how to make improvements.
Solve Your Accounting Headache
At Financial Optics we don’t just crunch numbers and spit out reports. We provide accurate financial data and help you understand how to use the data to grow a healthier business.
Let Us Help:
Ready to come in for an appointment?
Click here to schedule a time to meet with us. We will NOT make dealing with an accounting professional as painful as it’s been in the past!