Accounting for your industry
Accounting for restaurants & hospitality.
Sales, tips, labour and supplier costs turned into numbers you can use to run the business, not just to file taxes.
- POS reconciliation
- Payroll and tips
- Cost control
Questions worth getting ahead of
- Reconciling point-of-sale and delivery platforms
- Understanding food and labour costs
- Planning around seasonality and cash commitments
Understand what reaches the bank
Point-of-sale sales, cash receipts and delivery-platform settlements need to be reconciled rather than treated as interchangeable. Document tips, refunds, fees and other adjustments so the team can understand the full flow of funds.
Review operating costs on a useful schedule
A year-end view may come too late for an operating decision. Discuss how often you need reporting on purchases, payroll, occupancy and other commitments. Forecasts should reflect seasonality and actual payment dates, with the assumptions made visible.
Support to discuss with Versa
Bookkeeping
Monthly books in QuickBooks or Xero, reconciled to the bank and ready for tax time. We can also set up or clean up your system.
What it involves AccountingPayroll
Your team paid correctly and on time, with source deductions, remittances and year-end slips handled for you.
What it involves AdvisoryCFO advisory
Forecasts, cash-flow planning and business plans, so decisions about hiring, borrowing or expanding are based on real numbers.
What it involves TaxCorporate tax
Your T2 filed accurately and on time, with year-end planning that keeps more money in your business.
What it involvesStart with the way your business works
Tell the team how you earn revenue, which systems you use, how current your records are and what decision or deadline is coming next. That context helps identify the work to discuss — rather than assuming every business in your industry needs the same package.