Accounting for Restaurants & Food Service
Running a restaurant involves complex accounting challenges including food cost tracking, labor management, and seasonal fluctuations. Our accounting services are designed specifically for restaurants and food service businesses in Canada. We handle GST/HST compliance, payroll management, and provide financial advisory to help optimize your margins and improve profitability.
Restaurant owners, café operators, catering businesses, and food service entrepreneurs in Canada
Common Challenges
Food Cost Management
Tracking and controlling food costs while maintaining quality and profitability
Labor Payroll Complexity
Managing tips, different wage rates, and shift-based payroll efficiently
Seasonal Revenue Fluctuations
Forecasting cash flow and managing expenses during slow seasons
GST/HST on Food Sales
Navigating complex GST/HST rules for dine-in, takeout, and delivery services
Our Solutions
Monthly Bookkeeping
Detailed tracking of food costs, inventory, and labor expenses with regular financial reports
Payroll Management
Automated payroll processing including tip tracking and remittance to CRA
GST/HST Filing
Accurate calculation and filing of GST/HST on all food service sales and services
Financial Advisory
Profitability analysis and strategies to improve margins and cash flow