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Restaurant Accounting

waitress.jpgNewton Sankey & Co. is a leader in restaurant accounting services. Our Port Jefferson CPA firm works with privately owned restaurants, franchise restaurants, diners, coffee shops and other types of food service businesses. We know that the restaurant industry is fast-paced and you don’t have time to worry about complex accounting issues. So we help establish financial procedures that will simplify your accounting processes and allow you to review timely reports on a weekly and monthly basis. Newton Sankey & Co. can get you set up on the right version of QuickBooks accounting software and will review your QuickBooks files at regular intervals to ensure they are accurate. We are also available to talk when you need advice on tip reporting, inventory management, overhead analysis and other accounting services related to restaurants.

Tax rules and requirements are constantly changing. Newton Sankey & Co. is well versed in the newest tax regulations and how they apply to the food service industry. We use this knowledge to determine the best opportunities for tax savings for both new and established restaurants. Our tax planning strategies will ensure that you save money on taxes now and down the road.

Restaurant Accounting Services

Get your financial advice from a trusted Port Jefferson CPA firm with extensive restaurant accounting experience. Request a free consultation today.

  • Outsourced accounting and bookkeeping
  • Tax preparation including sales tax and payroll taxes
  • Tax planning
  • Training on QuickBooks point-of-sale accounting system
  • New business advisory services
  • Payroll services
  • Budgeting
  • Tip reporting and allocation
  • Inventory management systems
  • Profitability analysis
  • Menu pricing analysis
  • Monitoring overhead
  • Weekly and monthly financial statements

Call us at 631-474-2500 to discuss how our restaurant accounting services can help your business save money on taxes and become more profitable.