Bookkeeping Solutions
Expert bookkeeping services for restaurants and bars provided by food-loving professionals.
We understand the unique problems that you face in the food and beverage industry, and we offer solutions for them all.
Check out the Q&A below and discover what we have to offer.
How do you handle payroll for restaurant staff, including tips and overtime?
We use payroll software to accurately calculate wages, tips, and overtime, ensuring compliance with all labor laws and regulations. We also ensure that payroll taxes and necessary filings are remitted, so you can focus on your business without worrying about payroll compliance.
Our bookkeepers understand the correct treatment of tips and overtime, ensuring that your accounting records accurately reflect gross wages, overtime, taxes paid, tips collected, and tips paid out.
With experience in various tipping methods such as tip pooling and tip splitting, we can handle any tipping scenario you utilize.
How do you handle high staff turnover and seasonal variations in staffing?
Our payroll services are flexible and scalable, allowing us to efficiently manage high turnover rates and seasonal staffing changes, ensuring smooth payroll processing.
Our bookkeepers are well-versed in handling various compensation structures, including hourly wages, salaries, tips, and overtime. Additionally, we stay updated with the latest labor laws and regulations to ensure that your payroll practices remain compliant.
We can help you navigate the challenges with accurately reporting wage garnishments and employee benefit deductions, such as health insurance, supplemental coverage, or retirement plans. This meticulous attention to detail guarantees that all deductions are correctly reflected on employee pay stubs and W-2 forms at the end of the year, ensuring compliance and transparency.
Can you help us stay compliant with sales tax and liquor tax regulations?
Yes, we stay up-to-date with the latest state and local sales tax and liquor tax regulations, ensuring accurate calculation, timely filing, and compliance to avoid penalties.
What kind of inventory management support do you provide?
We typically work with the POS or restaurant management software that you’re already using to help you track inventory accurately. Additionally, we can aid you in implementing processes and procedures to manage stock levels effectively and optimize purchasing to reduce waste and enhance profitability.
What accounting software do you use, and can it integrate with our existing POS system?
We use Quickbooks Online, the number one accounting software in the US, which seamlessly integrates with most POS systems, ensuring smooth data transfer and accurate financial tracking.
Our bookkeepers also have experience with leading restaurant POS systems, including Toast, Square, Clover, and Lightspeed, as well as online ordering and delivery platforms like Menufy, DoorDash, and UberEats. We can manage integrations or manually enter daily sales.
Can you help us stay up-to-date on our bills?
Yes, we understand that managing a restaurant involves juggling many tasks, so our bill-pay services are designed to make your life easier. We set up an efficient system for you to send us your monthly bills effortlessly. Whether it’s utility bills, supplier invoices, or rent payments, you forward them to us, and we take care of the rest, ensuring timely payments.
Our team meticulously reviews each bill for accuracy before processing the payment, preventing late fees and saving you money. Additionally, we maintain detailed records of all transactions, providing you with a clear overview of your expenses. Our services are adaptable to the seasonal nature of the restaurant industry, assisting you in effectively managing payments during both peak and slow periods.
How do you ensure the accuracy of our financial records and do you offer real-time financial reporting?
We implement meticulous data entry procedures, regular cross-checks, and reconciliations to ensure the highest level of accuracy in your financial records. Our team of experienced bookkeepers carefully reviews every transaction and cross-references it with supporting documents to catch any discrepancies, ensuring that your financial records are always precise and up-to-date.
We offer flexible financial reporting options to meet your needs. For our standard packages, we provide monthly after-the-fact reporting, giving you a comprehensive view of your financials at the end of each month. For those who require more frequent insights, our premium packages include weekly bookkeeping, allowing you to access your financial data in real-time through cloud-based systems. Both options ensure you can monitor cash flow, track expenses, and review financial performance anytime, anywhere, enabling you to make informed decisions quickly.
Can you assist with budgeting and forecasting?
Absolutely! Budgeting and forecasting are vital for restaurant success, and we’re here to guide you through the process. We work closely to create detailed budgets outlining income and expenses, helping you allocate resources efficiently and avoid financial shortfalls.
Our comprehensive financial forecasts anticipate trends, enabling proactive decision-making about staffing, inventory, and marketing. Effective budgeting improves cash flow management, ensuring you can cover operations and invest in growth. Regular reviews with us keep you on track with financial goals, enhancing overall stability and success.
Will you help us with end-of-year financial tasks, such as preparing for taxes?
Certainly! While we don’t directly prepare income tax returns, we offer extensive assistance with all year-end financial tasks, providing comprehensive support to ensure your tax preparation process is smooth and stress-free. Our expert bookkeeping services include handling all year-end closing tasks for your bookkeeping, ensuring that your financial records are accurately organized and ready for your tax professional’s review. Additionally, we diligently compile all necessary financial data, meticulously preparing 1099 forms if required, and providing detailed documentation to support your tax filings. We pride ourselves on our collaborative approach, working closely with your tax professional to facilitate a seamless tax filing process, offering ongoing support and guidance to address any questions or concerns that may arise along the way. With our dedicated assistance, you can trust that your end-of-year financial tasks are in expert hands, allowing you to focus on what matters most – running and growing your business.
Our Methodology
Discover how our three-step approach can help take your business to the next level.
Mise en Place
Let’s get your foundation right to boost profits and cash flow. We’ll get your bookkeeping set up, cleaned up, or caught up, and fine-tune your existing processes or help you whip up new ones to make sure your data management is spot on.
Main Course
With a solid foundation in place, you’ll get a full menu of detailed, real-time reports crafted to meet the unique needs of your restaurant or bar. These insights will serve up clarity on key performance metrics, making decision-making a piece of cake.
Dessert
Ready to take your business to the next level? Our expert advice is specially prepared for restaurant and bar owners like you. We’ll serve up actionable steps to boost your profitability and performance, managing everything behind the scenes to keep your growth on track.
Recipe for Success
At Delightful Digits, we leverage top-notch software to streamline your bookkeeping needs. We’re proud to be certified experts in the following:
