4 common mistakes in restaurant bookkeeping
During a Zoom meeting, a prospective client expressed concerns about incorrect financial figures despite their bookkeeper reconciling bank and credit card accounts. Upon further review, we discovered common mistakes in their restaurant bookkeeping that needed correction:
- POS and revenue not reconciled properly.
- Failing to capture all business expenses and sales tax credits.
- Improper categorization of expenses.
- Losing track of supplier payments and credits.
BrightenCPA specializes in helping local restaurants overcome these challenges:
- Streamline bookkeeping processes with advanced accounting software.
- Accurately track sales and reconcile with POS reports.
- Utilize apps for expense tracking and vendor payments.
- Maintain accurate records for seamless tax reporting.
- Stay compliant with local regulations by timely filing sales taxes and payments.
Don’t let bookkeeping discrepancies hinder your restaurant’s financial health. Trust BrightenCPA for expert assistance.
Our all-in-one bookkeeping services are offered at transparent upfront pricing, providing you with peace of mind.
Ready to take charge? Schedule a meeting with us today and let’s embark on this journey together.