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Industries · Restaurants

Accounting for Restaurants, Bars & Food Businesses in Minneapolis and the Twin Cities

Running a restaurant, bar, or food business is one of the most financially challenging ventures you can undertake.

prime cost · sample
LOCATIONTARGETACTUALPRIME
Location 160%58%58%
​
Location 260%63%63%
​
Bar program45%41%41%
​
Catering55%49%49%
​
SALES TAX
✓ Filed
TIPS
Reported
COGS
Weekly ✓
Why specialists

How CBO helps restaurants and food businesses stay profitable

We don't do generic accounting for restaurants. We do accounting built for food service businesses.

We work with restaurants, bars, and food businesses throughout Minneapolis and the Twin Cities.

FAQ

Restaurant accounting FAQs

Pricing depends on revenue volume, number of locations, and services you need. Use our pricing calculator to get an instant estimate. Typical restaurants pay between $1,000-$4,000 per month.

Yes. We'll file your Minnesota sales tax returns and make sure you're collecting and remitting the correct tax on food, beverages, and alcohol.

Yes. We'll track cash and credit card tips, file IRS Form 8027 (if required), and help you claim the FICA tip credit on Form 8846.

Yes. We work with all types of food service businesses: full-service restaurants, fast casual, food trucks, ghost kitchens, and catering companies.

Yes. We'll set up your books to track COGS and labor by location. You'll see prime cost reports for each location plus consolidated totals.

No problem. We help restaurants catch up all the time. Let us know how far behind you are, and we'll create a plan to get you current.

Yes. We work with breweries, distilleries, taprooms, and brewpubs. We understand the unique tax and accounting requirements for alcohol production and service.

Ready to work with accountants who understand restaurants?

Get a customized quote for restaurant accounting in 2 minutes. No phone call required: answer 11 quick questions about your business.

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