Let us focus on the books so you can do what you do best
Accounting for Restaurants & Food Trucks
Restaurants & Food Trucks
Cash flow is the bottom line for any business, especially those in the food industry. Tasks like managing expenses and payroll, inventory and income, are enough to keep a bookkeeper busy full time and you’re trying to manage it all yourself. Just as a chef has their sous chef, so should restaurant owners have their accountants.
THINGS TO CONSIDER
- Tracking any amounts of money going in and out of the restaurant each day as well as how you intend to document all financial transactions.
- Managing inventory being held by the restaurant as well as the cost of inventory and methods to avoid excess food costs.
- What you need to manage income statements containing profit and loss information to prepare weekly and prevent unnoticed loss of cash flow.
When added to all of the many things you’re already dealing with, it can seem overwhelming. We recommend handing off these tasks to professionals like Triumvir Financial. Fill out the form below, and we will reach out; Get back to doing what you do best – running your business.
If you are interested in a free consultation, please call the office, and we can schedule a free consultation with our Enrolled Agents.
Restaurant Best Practices for driving business during COVID-19
During times like these, our goal as Entrepreneurs is to STAY OPEN and provide great quality food and service, as always to our valued guests!
IRS – Corona Virus IRS provisions: https://www.irs.gov/coronavirus