Restaurant Bookkeeping Services

Seeking a skilled bookkeeper to oversee your restaurant’s finances? With a staggering 80% of restaurant owners facing challenges managing unpaid invoices and maintaining organized financial records, the solution is clear! Turn to our expert bookkeeping services, meticulously crafted to help you regain control and restore confidence in your restaurant’s financial management.

Fast and Accurate Restaurant Bookkeeping Services

At VE Bookkeeping, we have a strong focus on delivering cost-effective and precise bookkeeping services tailored to busy entrepreneurs. Our aim is to promote financial transparency, enabling businesses to make informed decisions promptly. By partnering with us, you can avoid delays in closing books and prevent errors in financial statements that could potentially impede your operations’ effectiveness.

Restaurant Bookkeeping Services for Legal Compliance

At VE Bookkeeping, our top priority is to ensure that your business remains compliant with financial reporting regulations and tax laws.

Why do Restaurant businesses outsource bookkeeping?

0 %
37 % of small business companies choose to outsource their bookkeeping to take advantage of specialized expertise, cost savings, increased efficiency, and the ability to focus on core business activities.
30 %
Cost savings ranging from 30% to 75% of their current expenses, all while enhancing the quality and timeliness of their financial management.
# 1
Poor bookkeeping is the leading cause of small business failure.

How does VE Bookkeeping work?

01

Initial consultation :

During this step, we will meet with you to discuss your current financial situation and determine the scope of work needed to bring your records up to date.

02

Data gathering:

We will gather all necessary financial documents, including invoices, receipts, bank statements, and any other relevant records.

03

Data entry and organization:

We will enter all of the financial data into our bookkeeping system and organize it into clear and concise reports.

04

Review:

After organizing and entering your financial data, we’ll review reports and identify any discrepancies or areas for improvement. We’ll provide recommendations and help implement changes for better record keeping efficiency and accuracy.

Types of Restaurant Bookkeeping Services Offered

Monthly Bookkeeping

Our bookkeeping services help businesses and individuals keep their finances organized and accurate, allowing them to make informed financial decisions.

Catch Up & Clean Up Bookkeeping

Our Catch Up Bookkeeping process gets your financial records up to date if they have fallen behind or are incomplete.

Quickbooks Setup

Our QuickBooks Setup service streamlines the process for you and ensures that your financial records are accurately set up from the start.

Invoicing & Accounts Receivable​

Our Invoicing & Accounts Receivable services help businesses set up invoicing procedures, efficiently manage incoming payments and track customer balances.

Bill Pay & Accounts Payable

Our Bill Pay services help individuals and businesses streamline the payment process, ensuring that bills are paid on time and financial obligations are met.

Discrepancy Resolution & Year-End Reconciliation

Our Discrepancy Resolution & Year-End Reconciliation service will thoroughly review your financial statements and transactions, identify any discrepancies, assist with year-end reconciliation and ensure that your financial records are up-to-date and accurate for tax purposes. 

Restaurant Bookkeeping Services for Clean Record Keeping

VE Bookkeeping streamlines the process of monitoring the flow of money within your business by providing transparent records of all financial transactions. With our services, you can easily track both incoming and outgoing funds, ensuring a clear and organized view of your financial activities.

Restaurant Bookkeeping Services for Financial Planning

VE Bookkeeping enables businesses to effectively monitor their financial performance over time, identify patterns, and make informed decisions regarding future expenditures. With our services, you gain the power to analyze your financial data comprehensively, empowering you to make well-informed choices that contribute to the growth and success of your business.

We work with all types of Restaurants

We work with all types of restaurants, including franchises, independent eateries, fast-food chains, and more. Our bookkeeping services are tailored to meet the unique financial needs of each establishment, ensuring accurate record-keeping, timely financial reporting, and comprehensive financial management for your restaurant business.

Restaurant Bookkeeping Services for Budgeting

The insights provided by VE Bookkeeping can be leveraged to create accurate budgets and financial projections, which play a vital role in planning and monitoring the overall financial health of your business. By utilizing our services, you can develop precise financial plans that serve as valuable tools for assessing your business’s progress and ensuring its long-term stability.

Restaurant Bookkeeping Services for Audit Trail

With VE Bookkeeping, you gain access to an audit trail that serves as a dependable method for verifying the accuracy of financial statements and addressing any potential disputes that may arise. Our meticulous record-keeping ensures transparency and provides you with a solid foundation to resolve discrepancies and maintain the integrity of your financial records.

What people say about us

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Lee Lichlyter Owner

Restaurant Bookkeeping FAQ

What is Online bookkeeping?

Opting for online bookkeeping offers a convenient and efficient solution for managing your business’s financial records. Rather than manually recording and organizing your financial information, you can utilize a secure online platform to track income, expenses, and other transactions. This approach saves significant time and effort, enabling you to concentrate on running and growing your business, ultimately increasing your chances of success.

Why should I outsource bookkeeping for my restaurant?

Outsourcing proves to be a cost-effective solution when compared to hiring in-house bookkeeping staff. By outsourcing, you can avoid various expenses, including salaries, benefits, training, and infrastructure costs. Moreover, outsourcing typically offers flexible pricing options tailored to your specific requirements. This allows you to optimize your bookkeeping services while effectively managing your budget.

What is included in bookkeeping services?​

Generally, bookkeeping services include a variety of tasks to help you manage your financial records, such as: Recording and organizing financial transactions, including income, expenses, and other financial activity, Maintaining accurate and up-to-date financial records,
Reconciling bank and credit card statements, Maintaining accurate and up-to-date financial records, Providing guidance and support to help you understand and make informative decisions about your financial data, Preparing financial reports, such as profit and loos statement and balance sheets.

Can I afford to outsource my bookkeeping?​

Certainly! Entrusting your bookkeeping to outsourcing can prove highly beneficial, enabling you to save both time and money while directing your efforts towards running a successful business. VE Bookkeeping understands the importance of affordability and offers pricing options that cater to various budgets, ensuring that our services are accessible to all.

What are the key financial challenges faced by restaurant owners?

Restaurant owners often struggle with managing cash flow, monitoring food and labor costs, handling payroll, tracking inventory, and ensuring compliance with tax regulations. Effective bookkeeping addresses these challenges.

Are there specific tax deductions or credits available to restaurants?

Yes, there are several tax incentives and deductions available to restaurants, such as the Employee Retention Tax Credit (ERTC), Section 179 deductions for equipment purchases, and deductions for meal expenses. Proper bookkeeping ensures you can maximize these benefits.

Let's get your finances in order

Read our resources for better bookkeeping

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