Your food costs are too high
If you feel like you may be paying too much for inventory, and you’re not sure why, we can help you cut back on food waste and improve your margins.
We help Greater Sudbury restaurant owners get an accurate picture of how their business is doing. We go beyond just preparing financial statements.
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Whether you run a café, a bar or a full-service restaurant in Greater Sudbury, we handle your books 100% remotely. You get a bookkeeper who specializes in food service, without having to find one down the street.
We work with restaurant owners in Greater Sudbury and across Northern Ontario, using the POS, accounting and delivery apps you already have.
Also serving restaurants across Northern Ontario:
If you feel like you may be paying too much for inventory, and you’re not sure why, we can help you cut back on food waste and improve your margins.
If your employees, suppliers or taxes are being paid late, it might be a sign that you need extra support.
If you’re having trouble keeping track of the things you’ve bought and whether you’re getting a good deal, we can help provide guidance.
If your cash deposits don’t match what’s in your POS system, we can help you implement controls to track it down.
If you have too much to do, and bookkeeping falls on the back burner, we can help you catch up.
We help get Greater Sudbury restaurants back on track.
Many restaurants choose to go with a bookkeeper that provides general bookkeeping services to various types of businesses, like medical clinics, dentist offices and mechanic shops. While these bookkeepers can be highly reliable and provide 100% accurate books, they often lack the skills to design financial statements that answer the questions that are most important to your business.
Imagine you’re trying to drive from Toronto to Calgary, but you’re handed a map of Montreal. The map is 100% accurate and reliable, but it doesn’t help you reach your goals. That’s what having a general bookkeeper is like for your business.
If your P&L statement has 1 line for sales, or your sales are broken up into irrelevant categories (like sales from Cash Register #1), you’re only seeing a fraction of the data you actually need. Even worse if your sales figures don’t include discounted or refunded items, because your prime cost margins will be inaccurate.
This account tracks the cost of the ingredients you use in your dishes. It should be detailed and include different product categories, like food, alcoholic beverages, etc. Here are some major bookkeeping mistakes that can cause your COGS and the rest of your P&L statement to become completely useless:
Your restaurant should have separate lines for hourly front-line labour and management salaries, because this allows you to better understand how your wages and sales figures are related. Mixing management salaries with direct labour costs makes your percentages less accurate.
We collect your receipts and transactions and categorize them in your accounting records.
What you get: Organized records that help you maximize your deductions at tax time.
We reconcile your accounts, including your POS deposits, to ensure your balances are true and correct.
What you get: Numbers that stay consistent and reliable from month to month.
We create financial statements built around how a restaurant runs, with sales, COGS and labour broken out.
What you get: Accurate, timely numbers to make business decisions.
We help you interpret your financials and look for ways to reduce your expenses.
What you get: Practical steps to improve your margins and profitability.
Toast
Square
Lightspeed
TouchBistro
Clover
QuickBooks Online
Xero
Sage
Wave
Uber Eats
DoorDash
SkipTheDishes
Moneris
Stripe
Chase
Global Payments
Helcim
Don’t see yours? We’ll learn it.
Behind on your books and unsure where your profits are going.
We set up an initial call or email to understand your needs, the challenges your business is facing and what software tools you currently use.
We set up your systems and work with your existing bookkeeper to transition your data, completely free of charge.
We start categorizing your transactions and preparing your financial statements.
You receive clean, accurate financials on a timely basis so you can make clearer decisions and have peace of mind about your business.
Clear, accurate financials and peace of mind about your business.
Generalized bookkeepers may not have the skill or experience to handle the complexities of food service bookkeeping. The high volume of transactions, complicated reconciliation processes with POS providers and hands-on experience required to interpret the numbers may be beyond the scope of some bookkeepers.
Our services include expert guidance on how to interpret your business’ financials, and we help you look for ways to reduce your expenses.
From managing receipts and high-volume cash transactions to controlling inventory waste, the food service landscape is not for the faint of heart. We provide systems and controls to help you keep your finances in check.
We work 100% remotely, so we can help restaurants anywhere in Ontario, including:
Proudly Canadian
Working with Affordable Bookkeeping Services has allowed us to focus on our business. A great investment at a great price. They are reliable, quick to respond, and provide great insight and detail to our accounting and bookkeeping needs.
Yes. We work 100% remotely with restaurants in Greater Sudbury and across Northern Ontario. Book a free consultation and we’ll look at where your books stand today.
No. We work 100% remotely, so restaurants in Greater Sudbury get the same service as anywhere else in Ontario. We start with a free call or email.
We work with the systems you already use, including Toast, Square, Lightspeed, TouchBistro and Clover, along with QuickBooks Online, Xero, Sage and Wave. Don’t see yours? We’ll learn it.
Yes. We set up your P&L so sales include discounts and refunds, food and alcoholic beverages are tracked separately in your cost of goods sold, and hourly labour is kept apart from management salaries. That way your food cost, labour cost and prime cost percentages are accurate.