Restaurant & Hospitality Accounting Services

A point-of-sale system records sales activity, but it does not necessarily provide a complete picture of the business’s finances. Monthly bookkeeping brings together sales, deposits, processing fees, purchases, payroll expenses, and other transactions to produce reliable accounting records and financial statements.

Payments from delivery services and card processors may differ from gross sales because of commissions, processing charges, refunds, and settlement adjustments. Keeping transaction reports and deposit records allows these amounts to be reviewed and categorized appropriately during the bookkeeping process.

CBO offers payroll coordination and review, which can include reviewing payroll-related accounting information supplied by the business. Restaurants with tipped employees should discuss their reporting procedures and payroll requirements so the applicable support can be defined. Employees and employers remain responsible for meeting their respective tip-reporting obligations.

Monthly financial statements provide information about revenue, expenses, and overall financial performance. When purchases, wages, and related expenses are recorded consistently, owners can better understand the costs affecting profitability. Detailed food-cost percentages, recipe costing, or menu-level analysis may require additional operating data and a separate advisory scope.

CBO’s confirmed services focus on accounting, financial reporting, payroll coordination, tax support, and advisory. Physical inventory counts, purchasing decisions, menu management, and daily restaurant operations remain the responsibility of the business unless additional arrangements are specifically agreed upon.