Restaurant Accounting & Bookkeeping Services In Milwaukee

When you're running a restaurant in Milwaukee, you're likely wearing one too many hats. You got into this business to bring your favorite flavors to your community but instead of creating memorable dining experiences, you're drowning in the finances.

Since 2019, our team has partnered with restaurants across Milwaukee to handle their accounting and bookkeeping. Led by our experienced team of accounting professionals, our accurate and competitively priced services mean nothing ever becomes a barrier to professional financial management.

Let us handle the numbers while you handle the kitchen.

Professional Bookkeeping for Restaurants

Our restaurant-specific bookkeeping services help you go from chaos to calm while providing you with the financial intelligence you need to make the right decisions to grow and better manage your restaurant business.

• Daily Cash Reconciliation – Easily track your cash flow from multiple revenue streams, and reconcile credit card deposits with processing fees
• Sales Reporting & Analysis – Understand your restaurant revenue across each of your unique offerings, and receive detailed reports showing your business performance.
• Inventory Management Systems – Keep an eye on changes in purchase prices and identify any specific variance issues before they impact your profits
• Accounts Receivable Tracking – Monitor your catering deposits and private event bookings to maintain timely collections and enjoy a healthy cash flow.
• Cost of Goods Sold Analysis – Get the data you need to track actual versus theoretical food costs, allowing you to track the right metrics to deliver an excellent dining experience.
• Quarterly Financial Statements – Receive updated, restaurant-specific reports, such as prime cost analysis, labor percentages, and key performance indicators. We can also work with you if you'd like reports every month.

Don't let restaurant bookkeeping keep your business struggling to keep up. Contable Tax Group is here to manage your restaurant's finances while you focus on providing great dining experiences. Contact us to schedule an appointment today.

Accounting Services For Restaurants

The restaurant industry operates on the slimmest of margins, and a few percentage points can make or break your success. That's why you need accounting services that pull back the curtain on your operations so you can make the best financial decisions.

• Cost Analysis and Management: Our team can help you understand your prime costs to gain a stronger understanding of where you are and where you can grow. We'll analyze your cost of goods sold, monitor portion control impact, and identify key opportunities to improve margins without sacrificing quality.
• Payroll & Cash Flow Optimization: When you need help with weekly payroll obligations, vendor payments, and seasonal fluctuations, our team can build reports to highlight daily cash positions and forecast upcoming needs. Our restaurant payroll services can help you get your employees paid while staying in compliance with labor and tax regulations.
• Revenue Center Reporting: As your dedicated team of bookkeepers, we'll provide you with detailed financial reporting at your convenience. This includes profit and loss statements broken down by revenue centers – dining room, bar, takeout, catering – so you know exactly how money is flowing through your business.

Contable Tax Group's services provide you with the financial expertise you need to thrive and compete in Milwaukee's dining scene.

Tax Preparation & Planning For Restaurant Owners

Our specialized tax preparation services help your restaurant meet every obligation and stay compliant while maximizing the available deductions and credits unique to the food service industry.

• Sales Tax Compliance and Management: Our team will work with you to maintain precise records of all taxable sales and proper tax collection. We'll handle timely remittance so you can avoid penalties and remain compliant with Wisconsin's specific requirements.
• Tip Reporting and Allocation: We help you build systems to monitor proper tip reporting procedures. This includes industry-specific methods for calculating allocated tips.
• Year-Round Tax Strategy: The best tax strategy carries you through the entire year – not just through filing season. We'll work with you to determine the best way to save while remaining ahead of tax obligations year-to-year.
• FICA Tip Credit Maximization: The FICA tip credit can offer significant savings for restaurants but it requires the right documentation and calculation. Let us handle all the complexities on your behalf, so you claim every dollar of available credit.

Don't let a surprise at tax time keep you from staying profitable.

Why Your Restaurant Needs A Bookkeeper

1. To compare actual food costs versus menu prices. If you don't have accurate cost tracking, you might be losing money on popular dishes. Professional bookkeeping can help you identify your true food cost percentages and see which menu items boost profits and which drain them.
2. You might struggle to reconcile daily sales with bank deposits. Daily sales can quickly spiral into complicated chaos, especially as you grow. If you need a clear reconciliation system that accounts for every dollar, consider seeking professional bookkeeping help.
3. You're scrambling to find receipts and reports for tax season. Year-round bookkeeping allows you to collect and maintain your sales tax filings, tip reporting, and annual returns. The result is an audit-ready operation that satisfies all IRS requirements for restaurants.
4. To make menu decisions based on data rather than gut feelings. Restaurant management requires knowing how every part of your business is contributing to margin and cash flow. Professional bookkeeping brings you the data-backed analytics necessary to optimize your operations for maximum profitability.

Why Restaurant Owners Trust Contable Tax Group

Restaurants trust Contable Tax Group because we combine deep industry knowledge with personalized service that larger firms can't match.

We've built our reputation on helping Milwaukee business owners not just survive but thrive, turning financial management from a necessary evil into a competitive advantage.

When you know that all the details are being watched closely by a team of experts committed to your success, you can focus on bringing your best to every meal.

Ready to take the next step in your finances so your business can grow? Contact us today for a free consultation, and let's discuss how our accounting services can revolutionize your operations.