Accounting & Bookkeeping for Restaurants and Bars
We handle the numbers so you can focus on the food, the service, and your guests.
Businesses have to strike a balance between spending time on their bookkeeping, and executing their core mandate – profit making! Restaurants and bars and hospitality, in general, are in a service oriented industry. This means proprietors majorly focus on service excellence, and often do not have time to put their books and tax records in order.
At Accounting Services Unlimited, we make sure that you run your business without being caught up in the numerous legal and operational loopholes surrounding accounting and taxation. Our accounting services for restaurants and bars are designed to help your business comply with industry and legal standards.
“You’re already squeezing 36 hours of work into a 24 hour day; so, why are you still doing your own payroll, sales taxes, and bookkeeping?
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Currently, we represent hundreds of food service businesses inside and outside Louisiana and California. Our team understands the day-to-day realities of running a restaurant or bar and is ready to take the financial burden off your plate.
Restaurant & Bar Accounting Services
A complete suite of accounting and bookkeeping services designed specifically for food and beverage businesses.
Accounting Systems (QuickBooks)
We customize a QuickBooks file specifically for your restaurant or bar, including a chart of accounts built for food service operations. We handle all data entry so your books are always current and accurate.
Financial Reports
- ✓ Monthly Profit & Loss Statements
- ✓ Weekly & Monthly Sales Reports
- ✓ Revenue & Cost Analysis
- ✓ Year-to-Date Comparisons
- ✓ Bank Reconciliations
Tax Returns
- ✓ State & Federal Income Tax Returns
- ✓ Sales & Use Tax (All Parishes)
- ✓ Payroll Tax Returns & W-2 Filing
- ✓ Quarterly Estimated Payments
- ✓ 1099 Preparation for Contractors
ASU Guarantee
If we ever make an error on your taxes, we pay ALL penalties and interest.
Restaurant & Bar Accounting — Frequently Asked Questions
Why do restaurants and bars need specialized accounting services?
Restaurants and bars face unique accounting challenges including high transaction volumes, cash management, tip reporting, food cost tracking, and complex sales tax requirements. A firm with hospitality industry expertise ensures you stay compliant and understand your true profitability.
What bookkeeping services does ASU provide for restaurants?
ASU provides full-service bookkeeping including daily sales reconciliation, vendor invoice management, payroll processing, tip allocation, food and beverage cost analysis, bank reconciliations, and monthly financial reporting tailored to food service businesses.
Does ASU handle sales tax for restaurants and bars?
Yes. ASU prepares and files all state and parish sales tax returns for Louisiana and applicable state filings for California. We track dine-in, take-out, and alcohol sales separately to ensure accurate tax calculations.
Can ASU set up QuickBooks specifically for a restaurant?
Absolutely. Our team customizes a QuickBooks data file for your food service operation, including proper chart of accounts for cost of goods sold, labor costs, liquor vs. food sales, and all relevant expense categories.
How does ASU help with food cost and profitability analysis?
We provide monthly revenue and cost analysis reports that break down your food cost percentage, labor cost percentage, and overall profitability so you can identify problem areas and make informed decisions quickly.
Does ASU handle payroll for restaurant staff including tip reporting?
Yes. ASU manages your full payroll process including tipped employee reporting, FICA tip credits, W-2 and 1099 filings, direct deposit, and all required payroll tax deposits and reporting.
How many food service businesses does ASU currently serve?
Currently, ASU represents hundreds of food service businesses inside and outside Louisiana and California. Our deep experience in the industry means we understand your unique challenges and can anticipate problems before they arise.
What tax returns does ASU prepare for restaurants?
ASU prepares all required tax returns for restaurant and bar owners, including state and federal income tax returns, quarterly estimated tax payments, sales and use tax returns, payroll tax returns, and W-2 and 1099 forms for employees and contractors.