Restaurants’ Bookkeeping and Accounting Services Are Not All Created Equal
Every business transaction is recorded in the General Journal. The General Journal is called the book of original entry. A journal is a chronological record of transactions, in order of date. Each entry is called a journal entry, and represents a different business transaction. Each transaction is recorded once, and only once. All journal entries follow the rules of debit and credit. These are the very basics in bookkeeping. Effective and efficient bookkeeping requires the basic understanding of this works; however, the better bookkeepers have a broad knowledge of these concepts which comes from experience. This is more than simply a matter of posting check and deposit transactions
Whether a restaurant survives, or not, is largely dependent upon controlling its costs. The inability to control labor, food, liquor, and beer and wine costs will make the difference as to whether it survives. The only true measure for determining these costs is accurate bookkeeping and accounting. While the bookkeeping is the first line of defense for this challenge, our CPAs cannot discount the importance of the final accounting in this venture.
Business & Financial Solutions is a full-charge bookkeeping service, with the accounting and CPA infrastructure built into the company. All the bookkeeping, accounting and tax needs may be provided under the same roof. Our firm is open year-round and does not close after the close of tax season. Our accountants have extensive experience and knowledge in hospitality bookkeeping, accounting and hospitality management. To speak with one of our bookkeepers or accountants contact us at email@example.com, or call (240) 297-1055. Our approach to business is honest, ethical and timely. Our experience with restaurants and hospitality is irrefutable, serving locations in Bethesda, Germantown, Washington DC, Baltimore, Silver Spring, Wheaton, Takoma Park, Laurel, Columbia MD. Get an experienced CPA to help with management of your business financial infrastructure.
Office locations in Rockville, Frederick and Vienna.
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