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Restaurant & Bar Services

Providing Everything You Need

Profit and Loss Statements

We provide accurate profit and loss statements tailored for the restaurant and bar industry. These reports offer a clear view of your financial performance, helping you make data-driven decisions.

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Benefits to Your Business:

  • Gain a clear understanding of your revenue and expenses

  • Identify areas of overspending, such as labor or food costs

  • Improve decision-making with accurate financial data

  • Enhance profit margins through better operational insights

Benchmark Ratio Analysis

Understanding how your restaurant or bar compares to industry standards is crucial for long-term success. Our Benchmark Ratio Analysis provides you with key insights into your business's performance, allowing you to measure profitability, efficiency, and operational costs against industry averages. By identifying areas for improvement, you can make strategic adjustments to boost profitability and streamline operations.

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Benefits Your Business:

  • Compare Performance to Industry Standards: By evaluating key financial ratios, we provide a clear picture of where your restaurant stands in relation to others in the industry.

  • Identify Areas for Improvement: Pinpoint areas such as labor management, food costs, and pricing strategies where your business can improve efficiency and profitability.

  • Actionable Insights: We don't just provide data; we offer tangible recommendations to improve your financial ratios, from menu engineering to staffing optimizations and cost-saving strategies. 

  • Continuous Monitoring: Our team provides ongoing benchmark tracking to ensure your restaurant continues to improve over time. We work with you to refine operations and stay ahead of the competition.

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Take advantage of our free Benchmark Workbook to gauge your progress available below.

Cash Flow Management

Effective cash flow management is key to your restaurant’s financial health. We provide you with strategies to manage your incoming and outgoing cash efficiently.​

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Benefits to Your Business:

  • Maintain healthy cash reserves for seasonal slowdowns

  • Avoid cash shortages by aligning expenses with sales

  • Create sustainable growth with efficient cash management

  • Improve financial planning with detailed cash flow insights​

Sales Tax Reporting

Managing sales tax is essential for maintaining compliance. We handle your sales tax filing and reporting, ensuring you meet local and state requirements, reducing the risk of audits and penalties.

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Benefits to Your Business:

  • Ensure compliance with complex sales tax regulations

  • Minimize risk of costly audits and tax penalties

  • Streamline tax filing processes for efficiency

  • Focus on running your business without the stress of tax deadlines

Cost of Goods Sold (COGS) Analysis

Our detailed COGS analysis helps you optimize your inventory and purchasing decisions, ensuring that your food and beverage costs are controlled effectively. By managing these costs, you’ll keep more revenue in your business.

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Benefits to Your Business:

  • Maximize profitability by reducing food waste and spoilage

  • Control food and beverage costs for better pricing strategy

  • Improve vendor relationships through cost tracking and negotiation

  • Increase overall efficiency by optimizing inventory levels

Tip Reporting and Payroll Compliance

Handling tip reporting and payroll in the restaurant industry can be complicated. Our services ensure that your tip reporting and payroll processes comply with IRS regulations, helping you avoid costly mistakes.

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Benefits to Your Business:

  • Ensure compliance with IRS tip reporting and withholding requirements

  • Streamline payroll processes to save time and reduce errors

  • Avoid penalties with accurate tip credit and payroll tax filings

  • Protect your business from potential legal and financial risks

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