Restaurant & Food Industry
Finding the Right Menu for Your Business
When it comes to math, you know how many ounces are in a pour, how many cups go into the recipe, and how to calculate a great tip. As a restaurant or bar owner, GM or the manager of another hospitality business, you have to be on your game when it comes to numbers. But not just food inventory and table reservations – to be truly successful, you need to understand the financials behind your business.
Whether you are a restaurant, diner, bar, bakery, catering company, the corner deli or grocery store, at Wattax we know your daily struggles:
- Working many nights and weekends leaves you little time for accounting
- Managing complex processes like tip reporting and payroll
- Calculating your food, liquor, and labor costs
- Reducing spoilage and theft to increase profitability
- Working with franchise systems and the unique financial reporting challenges
- Dealing with high turnover among staff, not to mention scheduling and timekeeping challenges
And, the most scary of them all, avoid being just another statistic contributing to high industry failure rates.
Find the Right Menu of Accounting Services
Just like you would not put a hot dog on the menu at a steakhouse, you have to find the right menu of accounting and financial services for your business. Be it payroll, bookkeeping, reconciling sales to deposits, or simply understanding your financial statements, Wattax has a proven system that is perfect for small hospitality businesses. We help you make the most out of your business with fun, easy to understand workshops.
Taste It for Yourself
Sampling is a proven sales tactic in the food industry, and at Wattax we follow the same philosophy. We offer complimentary consultations, where you have the chance to tell us more about your financial challenges and get to know our process and systems. We’ll review our menu of services, and before we ever get started, we’ll give you up front pricing so there isn’t a surprise when the tab comes! If you need a second tasting to help you decide, we offer our Financial Essentials and Fundamentals of Financials workshops to help educate clients.