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restaurant ACCOUNTING

Operating a successful restaurant can be overwhelming and time consuming without the proper support team to help you with all the unique accounting and tax aspects that affect your business.

Our firm has years of experience in all nuances of the restaurant industry along with the technical expertise and industry know-how. We understand the challenges that face all restaurateurs and we are committed to assist you in managing your restaurant with new and innovative specialized reports giving you information on:

  • a) food and beverage costs and percentages, including giving clients the capability to track changes in costs of individual cost categories so they can monitor price changes from their suppliers on a real time basis
  • b) payroll costs, including the employee benefit costs to compute the true cost of labor in the restaurant, broken down by different areas of your restaurant’s operation
  • c) direct operating, overhead and administrative costs, so we can jointly compare your expenses to industry standards and trends

Also, with many unique and specialized reports, which we have developed over many years of working with restaurateurs, we will assist you in monitoring:

  • a) employee tip reporting by giving you credit card tip and cash tip percentages
  • b) credit card sales and the associated processing costs
  • c) promotional sales costs
  • d) internal controls used to oversee staff

Whether you are a single restaurant or a multi-unit chain with restaurants across the country, our dedicated team, with years of experience in the industry will always be there to assist in the challenges you face and bring insight and relevant operational solutions to your questions.

Call us at 516.741.0515 to speak to a specialist in our restaurant division or click here

How We Can Help:

  • Food Cost Controls
  • Beverage Cost Controls
  • Inventory Systems
  • Product Cost Fluctuation
  • Payroll Cost Monitoring
  • Point-of-Sale Systems
  • Financial Statement Preparation
  • Loan Package Preparation
  • Preparation of Business Plan
  • Startup Business Assistance
  • Accounting Systems Setup
  • Bookkeeping Services
  • Income Tax Planning
  • Personal Financial Planning
  • Estate Planning

client TESTIMONIALS

I have been in business for 8 years now, but almost had to close my business after one year. My personal accountant did not understand all of the different items that go into building a successful restaurant, and he advised me to call Richards, Witt & Charles. Seven years later, I am going strong and have even opened a second location thanks to them.

~Tim R.