Through our conversation, we’ll help you select the best services for your needs. And from there, you’ll receive a personalized quote for your business. The reason we say that you’ll most likely need a controller, even if it’s acuity bookkeeping just at the beginning, is because most new bookkeeping clients need some catch up bookkeeping. And if you have any issues at all completing your onboarding checklist, you can schedule a call with our team to troubleshoot.

• The terms 'bookkeeping' and 'accounting' are sometimes used interchangeably, but the fact is that they are two very different disciplines with varying roles and responsibilities.
• Then, you’ll be passed off to your dedicated bookkeeper – and most likely a dedicated controller, too.
• By partnering with a restaurant specific bookkeeping and accounting company, you can have confidence that your financial records will be recorded and your taxes will be filed timely and correctly.
• Acuity is 21st century bookkeeping built by experienced CFOs.
• We’ll learn how you’re currently doing your books, what you’re aiming for in your business, and talk about how we can help.
• It’s all about making your entrepreneurial journey less scary, and more filled with business success.
• We can help your restaurant properly account for gratuities, and even help you pick the right POS and payroll provider for your specific needs.

We don’t review advisor listings and we don’t recommend or guarantee the service provided by any one advisor, so make sure you check them out yourself and get comfortable with them yourself. They specialise in helping to choose apps that integrate with Xero to boost business performance for some of those industries. Our goal is to make your financials more transparent, efficient, and accessible. Use Acuity’s financial playbook, developed over the last 18 years and vetted by over 2,000 entrepreneurs.

Overall B Impact Score

Overall, the project resulted in significant improvements in Kanopi Studios' financial management and forecasting capabilities. Workers evaluates a company’s contributions to its employees’ financial security, health & safety, wellness, career development, and engagement & satisfaction. The terms 'bookkeeping' and 'accounting' are sometimes used interchangeably, but the fact is that they are two very different disciplines with varying roles and responsibilities. While they are similar in some respects, it’s important to understand their differences so you can decide which service your business needs.

• Firstly, business owners are required to accurately report each employee‘s wages to the IRS and withhold an employee’s respective income and FICA taxes.
• We’ll sync with your bank accounts and credit card statements to begin the categorization and reconciliation of your transactions.
• You may decide to allow your waiters to keep their gratuities, and then tip out a certain percentage to support staff.
• We offer additional services to complement bookkeeping so that as your business grows, we can grow with you.
• And Xero certified advisors and advisors with industry or bank specialisations are not employees of Xero.
• Your dedicated bookkeeper will close your books each and every month and deliver your financial reports on a guaranteed schedule so that you can make better business decisions.

Entrepreneurs trust us to be the people, recommend the appropriate accounting technologies, and implement a sustainable financial process. Quick service restaurant environments differ in that tips are often shared evenly among all employees who were working together during a particular shift. These tips, as an example, could be collected as cash in a tip jar or, again,  as an added payment on debit or credit card charges. Whether you’re an individual or manage a 500-person payroll, we help you navigate the tax regulations and compliance requirements integral to you or your business. Xero doesn’t assess any individual advisor’s or firm’s proficiency as an accountant, bookkeeper or financial advisor.