Transaction Processing

All financial transactions are properly classified and posted in the accounting records monthly, weekly, or daily. Credit card settlements and bank deposits are reconciled to ensure all cash received is reflected. Vendor invoices and other expenses are classified and posted.

 

Weekly Flash Report

Weekly analysis of your revenue, prime costs (food, beverage, and labor), and cash flow so you have a timely feedback about your operations, allowing you to make adjustments the following week vs waiting until the next month.

 

Integration with your POS system

QuickBooks Online integrates with the majority of POS systems, which allows for revenue, inventory, expense, and labor information to be easily captured in your accounting system. This integration ensures that you have an accurate picture of your complete operational performance.

 

Account Reconciliations

Bank, credit card, and merchant account statements are reconciled to ensure all transactions are properly included and classified in the accounting system.

 

Financial Statement Preparation

We will prepare a balance sheet and income statement each month to show the results of your operations for the month and compared to the prior month and/or prior year.

 

Customized Reports

Based on what is important to you, we will create at least 2 custom reports that will provide additional details on your business’ performance in specific areas. Reports can include analysis of such areas as product profitability, food and/or labor costs, inventory, and cash flow.

 

Business Reviews with CPA

We will meet with you regularly to review the performance of your business, placing an emphasis on your prime costs and profitability. We will discuss what the numbers mean so you have a clear understanding of your business’ performance