Restaurant Accounting Services 

A 12 year old finance and accounting outsourcing company providing skilled and experienced accountants at economical rates. High expertise in QuickBooks, NetSuite, Sage 300, Microsoft Dynamics and Oracle packages. Our services have been used by 300+ businesses including restaurants and hospitality firms in California, New York, Texas, Florida, Colorado, Kansas, Washington and Canada among others.

Contact Us for a customized NO OBLIGATION proposal for outsourcing your accounting activities

Benefits of Outsourcing

Cost Efficient

Realize cost reductions of 40-60% on your existing staffing costs


Faster Turnaround of Work

OHI team works in US/Canadian night time. Overlap options also available


Optimize Staffing

We can work in part-time, full-time or on project basis


Focus on Core Business

Focus on running the business rather managing books

About Us

  • 300+ clients spread across twelve states in the US
  • High expertise in QuickBooks, NetSuite, Sage 300 and Microsoft Dynamics
  • Staff with at-least four years of hospitality and restaurant accounting experience
  • Good familiarity with restaurant and hospitality accounting procedures and business practices
  • Spacious office set-up with high speed internet, modern facilities and uninterrupted power supply
  • Many options available- Full time or part-time packages of 25, 50 and 80 hour per month

Our Services

Accounts Payable

Entry of invoices, processing bill payments, vendor reconciliations and accounts payable aging reports


Utilities Processing

On-time Processing of utilities bills, review and reporting of utility charges to restaurants


General Ledger Maintenance

Maintain journal entries for recognizing COGs, prepaids, accruals and others, maintaining month end closing schedules and entries, monthly review of select balance sheet accounts


Accounts Receivable

Record sales figures from POS system into accounting system, booking of cash and credit card customer payments, cash forecasting and aging reports


Reconciliation

Bank, credit cards, gift card/certificate reconciliations


Payroll

Process weekly/bi-weekly payroll, payroll taxes calculation, payroll reports and standard tip reporting

Inventory 

Periodic physical inventory to books, inventory reconciliation, tracking of inventory losses and inventory control


Financial Reporting

Balance sheet, income statement, cash flow statement, sales and margin trends, inventory reporting and monthly financial analysis of income statements and expense reports


Sales Reporting

Detailed daily, weekly and monthly sales reporting covering major revenue sources, sales mix and sales by location/branch reporting


Management Dashboards

User Friendly dashboards such as sales dashboards, financial dashboards


Fixed Assets and Capital Accounting Services

Maintaining depreciation schedules and fixed asset tracking


Administrative Tasks  

Document management, archive weekly restaurant accounting documents, tracking and renewal of licenses and permits


Tax Return Tasks

Sales tax, occupancy tax, use tax and commercial activity tax reconciliation and payment


Other Tasks

Set-up of accounting system, back-log accounting and clean-up of incorrect books

* The listed set of services are indicative. Custom activities can be added upon request depending on complexity and skill level required

Software Expertise

We have high expertise across multiple hospitality and restaurant accounting software used in USA. Our team can get trained in a custom ERP/software or any other software with minimal learning curve due to our experience working in multiple national/international accounting packages.

Pricing

Our indicative standard charges for accounting services are listed below. Custom packages of 25, 50 and 80 hours per month are available.

Entry of invoices, bills

HOURLY CHARGES

$11

Bank and credit card reconciliation

Simple management reports

Onwards

Turnaround time: 3-5 business days

JUNIOR ACCOUNTANT

$1500

160 hours dedicated monthly staffing

Accounts payable processing

Bank and credit card reconciliation

Sales reporting and analysis

Turnaround time: 1 business day

SENIOR ACCOUNTANT

$2100

160 hours dedicated monthly staffing

All junior accountant activities plus 

Month end closing

Financial reporting and analysis

Turnaround time: 1 business day

* The listed set of services are indicative. Custom activities can be added upon request depending on complexity and skill level required

Real Customers, Real Satisfaction!

Our clients include 300+ businesses including hospitality and restaurant clients with an annual revenue from USD 1 mn to 350 mn spread across California, Florida, Texas, New York, New Jersey, Washington, Colorado, Illinois and other major US and Canadian states. A few examples are provided below. More samples and reference can be provided upon request.

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A luxury resort wear store for signature silhouettes, a feminine aesthetic and distinctive designer beachwear.

A niche and fast growing retail consultancy company based in Ohio, USA providing data warehousing, business intelligence and analytics services to restaurants and retail stores.

A fast growing mid size retail chain based in Toronto, Canada. This chain has about 15 franchisees across Canada.

A chain of luxury retail boutiques at five star hotels and resorts around the world. Over 58 stores across the USA, Europe, Caribbean, South America, Middle East and South Pacific

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A mid sized rapidly growing furniture distribution and retailing company based out of Idaho in USA, supplying a large retail companies like Home Depot as well as retail customers.

A private equity firm investing in successful online speciality retailers

An exclusive, #1 reseller of Cosmedix products in Ireland & the UK. The firm also maintains an online store and had significant online presence across UK

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We also prepare monthly accounts/books for many hospitality/restaurant clients of our CPA clients.

Learn More About our Hospitality and Restaurant Accounting Services

Call us: +1-646-367-8976

Email: sales@outsourcinghubindia.com

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