(Accounting for Restaurants, Franchises, Cafes, Caterers, Bakeries, Smoothie Bars, etc.)
Our restaurant accounting solutions are offered at 3 levels, each offering your business the specialized expertise needed at whatever stage you are in.
Business Manager.........................Starts at $850/month**
Monthly/Period Accounting Services
This hybrid approach is perfect for brands and franchisees that are newly opened or with limited or seasonal activity.
We provide you with the tools to handle your day to day financial activities. At the end of the month (or 4-week period), we ensure that all of your financial activity is captured from your POS, payment processor, and bank/credit card accounts. We will also provide you with financial statements and customized reports so you will know exactly how your business is operating.
Controller.........................Starts at $1,500/month**
Weekly, Full Service Accounting
This level is for owners/franchisees who need timely, detailed information about how their growing business is performing.
Our Controller level provides full service accounting support by handling the majority of the back office responsibilities, which frees you up to focus on operations. We provide weekly support through paperless invoicing (we will bill your customers) and bill payments (we will pay your bills). We can also assist with inventory tracking, cash management, payroll, and more. Weekly flash reports provide timely feedback on your prime costs, allowing you to make adjustments in the following week vs waiting until the next month.
Virtual CFO.........................Starts at $3,000/month**
Full Service Accounting with Executive Oversight
Our Virtual CFO solution partners you with a seasoned CPA and we truly become a member of your leadership team and invested in your continued success. We guide you by providing answers to high level accounting questions and complex financial transactions.
For businesses with an existing accounting department, we can fill the role of CFO on your leadership team and oversee day to day operations. You can fully submerge yourself in operating your business knowing that your financial operations are completely handled by Cleared Accounting.
**After initial consultation and file review, our quote will provide an all inclusive, fixed monthly fee for our services. Our monthly cost varies based on the number of locations, bank accounts, credit cards, and merchant accounts. Cost is also based on average number of transactions per month, 3rd party integrations, and any special reporting requirements.
Project CFO.........................Based on project
Provides the expertise of an experienced hospitality CPA to assist with a specific project or transaction. This solution is often used to help businesses navigate through different growth phases or economic downturns or even overcoming specific business challenges.
Projects we can assist with include (but not limited to):
Labor and Compensation Analysis (Salaries/Wages/ Bonus Plans)
Industry specific calculations (i.e. franchise fees, royalty payments, commissions)
Agreed Upon Procedures
QuickBooks New Business Setup & Training..........................$1,500
Just starting your food business? Start off with a solid financial foundation on day one. We will create a QuickBooks Online file for your brand, connect any integrations needed (POS, Inventory, Payroll, etc.) and provide you with a 4 module training course to show you how to use the basic aspects of the software.
The following services can be added to any menu item above
Sales and Liquor Tax Returns
Full Service Payroll
Expense Reports/Corporate Credit Card Management
Personnel Advisory and Benefits Management
Product Pricing Analysis