FAQ
Frequently asked questions
Accounting service
We specialize in working with businesses in the hospitality industry, including restaurants, bars, and catering services. We understand the unique financial challenges in these industries, from managing inventory costs to tracking daily transactions and handling payroll. Our accounting solutions are tailored to keep your financials organized, so you can focus on delivering excellent service to your customers.
We provide financial reports on a regular schedule, depending on your business needs. Most of our clients receive monthly reports, but we can also generate them quarterly or on demand if you require more frequent updates.
Absolutely! Managing cash flow is critical for any business, especially in the hospitality industry, where expenses and revenues fluctuate. We help you track income and expenses, create cash flow projections, and provide insights to ensure you have the funds needed to cover operational costs. Our goal is to help you maintain financial stability and plan for growth.
Bookkeeping service
We update your books on a schedule that works best for your business, whether it’s weekly, bi-weekly, or monthly. Regular updates ensure that your financial records are always accurate and up to date.
We work with a variety of software for accounting, payroll and POS systems.
Yes! We handle accounts payable by tracking your bills, scheduling payments, and ensuring your vendors are paid on time. This helps you avoid late fees, maintain good supplier relationships, and keep your cash flow organized.
Accounting Financial Statements service
We provide a full range of financial statements, including balance sheets, profit and loss (P&L) statements, cash flow statements, and other customized reports. Each statement is tailored to your business needs, giving you a clear picture of your financial health.
Yes! We don’t just provide financial statements; we take the time to explain them in detail. We highlight strengths, areas for improvement, and key financial trends to help you make informed business decisions.
Prime cost is the total of your direct costs, including the cost of goods sold (COGS) and direct labor expenses. It is a crucial metric for businesses, especially in industries like hospitality and manufacturing, as it directly impacts profitability. By tracking and optimizing your prime cost, we help you improve pricing strategies, reduce waste, and increase overall efficiency.
Business Consulting service
Definitely. Whether it’s upgrading your POS system, adopting inventory software, or integrating with accounting tools, we help you choose the right solutions and guide your team through implementation to ensure a smooth transition.
We work with a wide range of food service businesses—from independent restaurants and small catering companies to multi-location operations. Whether you’re running one kitchen or managing several, we tailor our consulting to fit your structure and scale.
Not at all! We work with businesses at every stage—whether you’re growing quickly, looking to expand, or just want to improve how things run day-to-day. Many of our clients are successful owners who want to be proactive and stay ahead of the curve.
Tax service
We maintain accurate, real-time financial records and perform internal reviews to catch and correct issues early. By keeping your books clean and compliant, we help reduce your audit risk and give you peace of mind year-round.
Yes—if you sell prepared food or beverages, you’re likely required to collect meals tax. This is a local tax that varies by city or state, and it applies to restaurants, bars, cafes, food trucks, and catering businesses. We help you stay compliant by tracking, calculating, and filing it properly.
Absolutely! We collaborate with your CPA to provide all the necessary year-end reports, reconciliations, and documentation—so your tax filing process is smooth, accurate, and stress-free.
