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Keeping Restaurant Books

Restaurant bookkeeping is time-consuming, time-sensitive, and dependent on accuracy. But it is critical for making finance-driven business decisions. Unless you were trained as an accountant, bookkeeping probably isn’t one of your core skills. Doing it yourself is like hiring a bookkeeper as your Chef de Cuisine. An experienced restaurant bookkeeper frees you of day-to-day tasks that can take you away from managing your restaurant. Restaurant bookkeepers know what “good” financials look like in the industry, and they know which Key Performance Indicators (KPIs) deserve your focus. Bookkeepers who specialize in restaurants can discover operational shortcomings, cost leaks, and trends that require immediate action. To find a good one, ask restaurant owners with whom you do not directly compete who they use. Read online reviews. Ask for the service’s experience working with other restaurant clients. Meet them in person to see if you click and they can explain their work in ordinary language. Ask them for restaurant-client references.