Restaurant Bookkeeping Duties – Primarily Keeping It Organized
Oct 31, 2023
Restaurant Bookkeepers provide third party objectivity and an additional layer of financial insight to your restaurant business. They can assist you to acquire a clearer picture of where your money is going, help you review and learn financial statements, help with cash flow management and ultimately help bring food business owners more peace of mind.
There’s a new alternative to hiring a restaurant bookkeeper to add to your payroll: and that is by hiring a Restaurant Virtual Bookkeeping Service.
A restaurant virtual bookkeeper is not a robot hiding in some computer managing all your financial statements. Rather, restaurant virtual bookkeepers are real people working offsite yielding a service. And that means you don’t have to add to your company’s headcount and payroll by hiring an in-house bookkeeper.
Since the virtual bookkeeper is offsite, all the financial information, such as requests for payments, must be sent to the bookkeeper. This is executed through an electronic method where the customer still has access specifically to the financial information that is sent out via fax or email. In addition, the virtual bookkeepers take the time each month to help customers understand their financial statements and balance sheets.
Does the bookkeeper have an adequate background? When it comes to finances, it’s essential to make sure your virtual (or in-house) bookkeeper has experience in bookkeeping.
How will the bookkeeper help you learn the financial phases of your business? Ask the bookkeeper directly what they will do to help you understand the financial perspectives of your business. Will they explain your balance sheet to you monthly? Will they caution you on risky financial moves? Will they help you understand your cash flow? Will they offer well-thought-out or best practice tips on how to spend the company’s money? Find a bookkeeper you can trust to help you.
What specifically will my bookkeeper do for me? A good bookkeeper should be reconciling all of your banking accounts and credit cards, paying bills and invoices in a healthy timeframe every month, determining and advising on cash flow, helping pay payroll, and producing quality financial statements that you can make good business decisions from.
We would love to be considered as an option as your Virtual Bookkeeper!
Ready to transform your restaurant's finances? Whether you need Monthly Bookkeeping, a Catch-up Bookkeeping service, or want to embark on our DIY Bookkeeping Course, we've got you covered. Have questions or need more information? Don't hesitate to reach out. Let's talk about how we can support your business. Schedule your FREE 15-Minute Call today and let's get started on your path to stress-free bookkeeping!
