your Recipe for Financial Success

Our Services

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Our Services *

  • Accurate recording of daily sales data, ensuring all transactions are logged correctly and reflect your restaurant’s daily performance.

  • Efficient calculation and processing of employee wages, tax deductions, and benefits, ensuring compliance and timely paychecks.

  • Management of vendor bills and payments, ensuring timely and accurate processing to maintain healthy supplier relationships

  • Updating and tracking inventory at the end of each month to ensure accurate stock levels and cost of goods sold (COGS) calculations.

  • Monitoring and recording small cash expenses, keeping accurate logs to prevent discrepancies and ensure proper accounting.

  • Quick, real-time financial snapshots, offering insights into your restaurant’s performance, so you can make informed decisions on the fly.

  • Reconciling delivery service transactions to ensure all third-party orders are accurately accounted for and payments match.

  • Regular reconciliation of bank and credit card statements with your books, ensuring that every transaction is accounted for and discrepancies are resolved.

  • Accounting includes:

    - balance sheet clean up
    - budget and forecasting
    - cash flow projections
    - sales tax payment and filings
    - chart of account review

Frequently Asked Questions

  • What is bookkeeping?

    Bookkeeping is the practice of organizing, classifying and maintaining a business’s financial records.

    It involves recording transactions and storing financial documentation to manage the overall financial health of an organization

  • Why is bookkeeping important?

    When an effective bookkeeping system is in place, businesses have the knowledge and information that allows them to make the best financial decisions.

    Tasks, such as establishing a budget, planning for the next fiscal year and preparing for tax time, are easier when financial records are accurate

  • Does my small business need a Bookkeeper?

    Most small business owners do not have the time or resources to handle all of their accounting tasks on their own, which is why hiring a bookkeeper can be such a valuable investment.

  • How do I know when its time to get a Bookkeeper?

    Here are some signs that it might be time for your business to hire a bookkeeper:

    -You're consistently behind on invoicing and tracking payments.

    -You don't have a good handle on your business's financial situation.

    -You're spending more time on bookkeeping than you'd like, and it's impacting other areas of your business.

    -You're unsure how to file taxes or organize your financial records.

  • What is the difference between single and double-entry bookkeeping?

    Single-entry and double-entry bookkeeping are both methods of record-keeping for companies' financial transaction data.

    Single-entry accounting records each transaction one single time, while double-entry accounting records each transaction twice, once as a debit and once as a credit.

  • What is the difference between bookkeeping and accounting?

    Bookkeeping is a transactional and administrative role that handles the day-to-day tasks of recording financial transactions, including purchases, receipts, sales and payments.

    Accounting is more subjective, providing business owners with financial insights based on information gleaned from their bookkeeping data.

Contact us.

Wjohnson@brightroombookkeeping.com
(904) 933-0812