Three Restaurant Bookkeeping Processes to Master

We love supporting new and already established businesses in getting to the next level, so they can fulfill their dreams and build a legacy. 

Master these three bookkeeping basics and you will build a healthy financial foundation for your business. 

Account reconciliation

Account reconciliation verifies every transaction across your accounts so that your ending balance matches. If your accounts don’t reconcile, it may be a sign that funds are being misused, or worse being stolen. 

By working with an actual human who is trained in industry-specific bookkeeping, and not automated systems you can drastically reduce the risk of errors.

Accounts payable

Accounts payable (AP) is the money that you need to pay to suppliers for the goods and service they provide. That’s everything from your delivery partners, to utilities and broadband internet to your rent. 

Payroll

Payroll covers everything from your staff’s salaries, through to their benefits like annual leave, insurance, and federal and state taxes.  

HarQuin Bookkeeping and Consulting offers bookkeeping, payroll, sales tax and consulting services. If you would like to outsource any of these services, get a free estimate.