In today’s challenging environment, restaurants and hospitality industries should find ways to reduce their financial outlook and promote professional competence without losing quality or customer experience. As the owner of a restaurant or perhaps a franchise, you are most likely that there is not much time in your hands. To handle the vendors and to make your customers happy, to determine the required time each week, make sure that your books are in the proper order, can be very well overwhelming.
eMinds CA offers restaurant owners with first-class restaurant accounts and restaurant bookkeeping services. We are not for any general company; We are experts in finance and accounting, who offer pre-occupied restaurant owners with solutions to not only create such a competitive environment but thrive! Our standard of joint expertise is to know how and the potential remains unique in the market. Our team understands what you need to do to keep your work done financially. The restaurants leveraging our outsourcing services enjoy different types of benefits; One is that their finances are always in order, easily accessible, and are accurate at all times. With cost-effective accounting, your business will remain financially strong with our restaurant accounting services.
OUR RESTAURANT ACCOUNTING SERVICES
- BOOKKEEPING SERVICES
- ACCOUNTS PAYABLE SERVICES
- ACCOUNTS RECEIVABLE SERVICES
- RECONCILIATION SERVICES
- FINANCIAL REPORTING SERVICES
- PAYROLL PROCESSING
- RESTAURANT DATA ENTRY
BOOKKEEPING SERVICES
Setting up Chart of Accounts
Inputting Bank Details
Allocating the entries
Value Added Bookkeeping
Month-end or Year-end closing
ACCOUNTS PAYABLE SERVICES
Invoice approval
Expense allocation
Invoice imaging
Online payment approval
Check processing
Handling of vendor inquiries
1099 reporting
ACCOUNTS RECEIVABLE SERVICES
Order management
Customer billing
Customer aging
Collections management
Cash forecasting & reporting
RECONCILIATION SERVICES
Bank statements reconciliation when records are managed by your organization
Credit card reconciliation with your bank records
Full reconciliation services
Matching of invoice with your ledger as well as journal entries
Gift card/certificate reconciliation
Partial reconciliation services
Sequencing of checks
FINANCIAL REPORTING SERVICES
Balance sheet
Income statement
Cash flow statement
Bank reconciliation report
Detail general ledger report
Fixed asset account management
PAYROLL PROCESSING
Payroll setup
Payday calculations and direct deposits
Payroll taxes calculation and form filling
RESTAURANT DATA ENTRY
Exceptional Data Management
Forms Processing and Warehousing
Transaction Processing and Analysis
Data Mining Services and Monitoring
BOOK KEEPER
$10 per hour
$900 per month
- Under this engagement model, we charge on the basis of the hours spent on the project.
- We charge 40-50 percent per transaction for a payment of USD 250 per month.
ACCOUNTANT
$12 per hour
$1400 per month
- Under this engagement model, we charge on the basis of the hours spent on the project.
- We charge 40-50 percent per transaction for a payment of USD 250 per month.
SENIOR ACCOUNTANT
$15 per hour
$1800 per month
- Under this engagement model, we charge on the basis of the hours spent on the project.
- We charge 40-50 percent per transaction for a payment of USD 250 per month.
FTE BASED
This is a pricing model under which we deploy a number of dedicated full-time human power because the customer will be in their home country according to the needs of their project. In fact, the engine offers the opportunity to be a “virtual employee” on the offshore location of low cost without any employee liability. Dedicated Full Time Employee with Dynamic infrastructure is dedicated to the client model, which not only helps in reducing cost but ensures high project monitoring so that time and quality delivery can be ensured. Under the CCD model, a fixed price is charged per customer per employee per month, depending on the number of people posted on it. Depending on the skill, experience and expertise set out in the fee, the difference is 1000 USD per month to 3000 USD per month.
Ready Reckoner App
In this complex world of financial accounting, you need a simple APP to calculate the future value of money.
Tax Advisory Service
Our expertise in this area is legendary as we have established our presence in this segment as a reliable firm.
Business & Financial Services
We have dedicated professionals in our pay roles who offer financial, advisory as well as consulting advice.
OUR RESTAURANT ACCOUNTING PROCESS
1.SEND YOUR INFORMATION
Bills
Inventory Count
Payroll Reports
POS Reports
Bank Statements
2. WE TAKE CARE OF YOUR
Bookkeeping
General Ledger Maintenance
Bank Reconciliations
Profit and Loss Statements
Balance Sheet
Payroll
Budget and Forecasts
Point-of-Sale (POS) Reporting
Cash Flow Monitoring
Accounting System Setup
Vendor Payments
3. WHAT YOU GET?
Profit and Loss ‘IF’ Analysis
Ideal Target Percentages
Monthly Comparisons
Labor Foods Beverage
Creative Financial Management
Cash Flow
Liquidity
Assets Under Management
Investments
Financial Reporting
Combining transparency with accurate reporting, your numbers are compiled for final reporting.
Cost Accounting
We help our clients to improve their overall profitability in a way that can be termed as advisory.
Investment Strategy
We believe our expertise is for sharing and we go about doing it in right earnest!
Tax Planning
The future value of money is taken into account and planning is done accordingly.
Frequently Asked Questions
Using this section, get all the clarifications for your questions and doubts about outsourcing, finance, and investments. We love to clarify your doubts and get you back to your business real quick with more confidence.