If you own a restaurant, chances are being a great cook or chef is what you excel at. Creating appetizing dinner options, selecting the perfect wine to go with different menu selections, and organizing attractive seating arrangements are all ingredients for restaurant success.
An important aspect that is often overlooked is the specialized restaurant accounting that should be put into practice from the beginning. Most restaurant owners don’t have the time or the inclination to properly record daily transactions, keep organized accounting records, or prepare year end tax returns. Since restaurants deal with perishable items it’s imperative to know when and how much food to purchase. Knowing how to properly pay wait staff and projecting costs for linen services are all important to know so you won’t over spend.
Big or small, fine dining to fast food, stand alone or multi-chain businesses, Chartered Professional Accountant in Mississauga James Walker has worked with a variety of restaurants in Mississauga. He provides basic bookkeeping as well as more in depth services such as tax preparation and planning, business planning for expansion, turn around management, and business coaching.