Restaurant Accounting

BOOKKEEPING & ACCOUNTING

BOH knows accounting, and BOH knows restaurants.

$47,972.
$62,188.

Those were the average annual salaries for bookkeepers and accountants in California in 2019, according to Salary.com and Indeed. Just salaries, by the way…not including payroll taxes, or benefits, or worker’s comp.

There’s no way around it: Staffing even a small accounting department is an expensive proposition. But accounting is not a nice-to-have for a business; it’s a must-have. Rent, utility bills, suppliers, taxes, and so on — they all have to be paid to keep the lights on and the doors open.

Accounting is so much more than tracking money coming in and going out, however. Yes, you could spend a couple of hours with the checkbook every few days and make sure the bills get paid. But one of the main purposes of accounting is to give you, the business owner, and your team the information needed to track how the business is performing and make the right decisions.

Your restaurant doesn’t run the same way the grocery store down the street or the hotel next door run, though. That’s why it’s important to have someone who understands accounting for the restaurant industry so they can make sure your accounting provides the data that matters for your business and the sort of insights that make your management more effective.

One of the hardest parts of accounting in a growing business is…well, growth. Right now, your accounting might be too much for one person but not enough to keep two busy, or enough for two but not for three. Adding a $60,000-plus employee who won’t be fully occupied is a tough one to swallow, but doing without them is a non-starter, especially if it costs you an overworked, burnt-out employee who walks out the door and leaves you in a very, very bad place.

The right answer is an outsourced accounting solution. Rather than dealing with expensive salaries and the potential for even more employee issues, putting your accounting in the hands of a vendor partner frees you from the time, stress, and expense involved in building an in-house accounting department — no more worrying about hiring, firing, vacations, sick days, and the rest.

Better yet is a vendor partner who specializes in restaurants and understands your business from the very first day. BOH knows accounting, and BOH knows restaurants. Contact us today to find out just how affordable an outsourced accounting solution could be for your business.