Restaurant accounting for fine dining

What does a restaurant bookkeeper do?

What is a restaurant bookkeeper?

A restaurant bookkeeper is a professional responsible for managing the financial records and transactions of a restaurant. Their primary role is to ensure accurate and organized accounting for the restaurant’s financial activities. The bookkeeper performs various tasks related to financial management, record-keeping, and reporting to support the smooth operation of the restaurant’s financial systems.

What do restaurant bookkeepers do?

Daily

  • Record & reconcile POS sales and Deposits
  • Manage vendor invoices and proper GL coding

Weekly

  • Bill pay; help operators manage approval and payment for outstanding invoices
  • Produce Hone reports to provide insight
  • Record & reconcile payroll

Monthly

  • Pay sales taxes
  • Reconcile bank accounts
  • Produce monthly income statements and balance sheet

General Responsibilities

  • Maintain financial reports, records, and general ledger accounts
  • Client engagement: Respond to information requests, review financial statements, and assist with audits
  • Ensure compliance with GAAP

Typical Requirements:

  • At least 3 years of experience managing the books for a restaurant group or multiple individual restaurants
  • At least 2 years of hands-on experience with Quickbooks Online
  • Good problem-solving and time management skills
  • Highly organized and detail-oriented
  • Self-directed / Strong sense of ownership
  • Working knowledge of GAAP
  • Excellent communication skills, both written and verbal
  • Understands and values hospitality
  • Smart and motivated team player
  • Associate’s or Bachelor’s degree in accounting or finance preferred

What is the average salary?

The average salary for a Restaurant Bookkeeper can vary depending on factors such as location, experience, the size of the restaurant, and the specific responsibilities involved. However, according to available data, the average salary range for a Restaurant Bookkeeper in the United States is approximately $35,000 to $55,000 per year. It’s important to note that salaries may differ significantly based on the factors mentioned above and can be higher or lower than the average range.

Hone Software for Restaurants

Hone is a restaurant technology company that wants to make restaurants more profitable. We do this by bringing together operations, accounting and insights, focused on Independent Restaurants. Our team is composed of award winning chefs, operations veterans, technology experts and accounting professionals who share a common love for food and a desire to deliver excellent products and services.

Hone might be for you!

Hone’s bookkeeping software provides accurate, timely accounting for restaurants, bars and other businesses. Our experienced team of restaurant accounting services professionals understands the unique needs of your business — beginning with your need to spend your time focusing on your patrons. Our 3-step restaurant accounting system furnishes clear and correct daily financial reports, seamless payroll imports through QuickBooks and CPA-ready books. Get in touch with Hone and find out why our accounting system for restaurants is the leading choice for restaurant owners and operators.

More Resources:

Restaurant accounting for fine dining

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