Restaurant Bookkeeping
We do the books so you don’t have to.
Whether you prefer a fully digital service or paper records, we can manage your books to help you make better business decisions and increase your bottom line.
We know that running a restaurant is hectic and that you often don’t have the time or energy to dedicate to doing your books. Or perhaps you’re working with a bookkeeping agency that doesn’t fully understand what it is you do. We do.
Our consultancy specializes in the restaurant trade. We focus on the bookkeeping so that you can focus on running your restaurant. And because we only deal with those in the trade, we offer a more nuanced understanding of your restaurant’s specific needs.
What we do for you
We will:
Develop a detailed and realistic budget to act as your road map
Provide detailed, accurate, and organized bookkeeping and financial statement preparation.
What we do with you
Once we’ve given you a workable plan, you can then:
Review actual results vs. budget targets to help you make informed decisions.
Implement changes to your operation to facilitate profit maximization.
Utilize your extra time to focus on the guest experience.
We offer a monthly running consulting service and are on hand to answer questions and provide guidance if needed.
Why is our fully digital solution right for you?
Because it makes a whole lot of sense. While the benefits are numerous, here are some highlights:
Value for Money
This digital solution is highly efficient and allows us to offer lower fees than our traditional, paper-based bookkeeping services.
Easier, faster process
Utilizing digital technology, the information transfer can be done faster and more seamlessly – making things easier on your end.
Online information
Your books will be online, giving you direct access to see whatever you want. It’s also great for the environment; less paper, less waste.
Prefer to do things with pen and paper?
Every restaurant operation is different, and we can support your bookkeeping needs in whatever capacity is best for you. We offer traditional bookkeeping as well as our digital services.
You’ll enjoy all the aspects of our digital service, from receiving a detailed and realistic budget to accurate, organized bookkeeping and financial statement preparation. We help you figure out where you’re spending, so you can make better decisions and increase your bottom line - and we can do it in the format that makes the most sense for you.
We’re proud of enjoying over a 90% retention rate, with many of our clients having been with us since before 2007. Why do they stay? Because we know restaurants, and we know bookkeeping.
Are you ready to achieve your financial goals and increase your bottom line? Submit this form to speak with one of our experts on how we can develop a realistic budget and provide accurate, organized bookkeeping to help your restaurant operation thrive.
Digital bookkeeping is the way of the future. You have questions; we have answers.
Q: Is it difficult to move my bookkeeping over to QuickBooks Online?
A: Not at all – and the best part is that The Fifteen Group bookkeeping team will do this for you. The migration is easy for our team, and you won’t lose any of your historical data from your existing books.
Q: Will my data and privacy be secure with QuickBooks Online?
A: Yes – QuickBooks Online utilizes “advanced, industry-recognized security safeguards to keep all of your financial data private and protected. QuickBooks Online is a VeriSign SecuredTM product. VeriSign® is the leading secure sockets layer (SSL) Certificate Authority. With password-protected login, firewall protected servers and the same encryption technology (128 bit SSL) used by the world’s top banks, we have the security elements in place to give you peace of mind.”
Q: What reports will I receive?
A: Our bookkeeping team will send you monthly statements with accompanying notes. If you would like to investigate specific account balances, you can log into QBO and take a look for yourself. As always, your bookkeeper is available to answer any questions.
Q: If a member of my team has access to QuickBooks Online, will they be able to see sensitive data (i.e. payroll data, vendor payments, etc.)?
A: No – each user has their own individual access rights. For example, if you would like a manager to see the vendor statements but not any other information, their login credentials can be limited to reflect that.
Q: How will I receive vendor cheques or payroll cheques?
A: Cheques will be sent as PDFs via email. Simply print them off onsite, no need for couriers.
Q: Will Dext (formerly Receipt Bank) automatically post invoices to my bookkeeping?
A: No – your bookkeeper will review all invoices and receipts uploaded to Dext and will ensure accuracy for anything posted to your bookkeeping.
Q: What is QuickBooks Online?
A: QuickBooks Online is an excellent, comprehensive tool and can provide online access to multiple people in your organization (e.g. Owners, General Managers). Don’t worry about all of your old data either; it can be migrated into the QuickBooks Online version – you won’t miss a beat.
Q: What is Dext (formerly Receipt Bank)?
A: Instead of sending us courier packages with invoices, clients will utilize Dext software to photograph their invoices each day as they come in. The platform allows multiple users to upload invoices and receipts in various ways and is easy to use – invoices can be “scanned” by iPhone photo, scanner, etc.
Q: How do I get set up for digital bookkeeping with The Fifteen Group?
A: Digital Bookkeeping with us is straightforward and simple. Here’s an overview:
- You will need accounts set up for QuickBooks Online and Dext, which we will walk you through or set up for you.
- We will then train you on Dext and all the aspects of the digital service.
- If applicable, we will help you migrate your books from your current platform to QuickBooks Online.
- Then we will be up and running. It’s that easy.
See what our clients say about our work:
“We’ve used The Fifteen Group for two projects - menu costing and a rather custom accounting project, and both times we’ve been impressed with the results. David and his team took the time to understand our needs and proposed a succinct roadmap for accomplishing the goals we set to achieve in a specific timeframe and within a reasonable budget. The Fifteen Group gets restaurants, and I have no doubt they can help you streamline your operations to achieve maximal efficiency!”
“I really enjoy working with The Fifteen Group, specifically the bookkeeping team. Up to date reporting & timely email responses. My books are in good hands. I highly recommend The Fifteen Group & their services.”
“Imagine being a company whose job it is to help manage the most impacted industry in the world, thanks to Covid. Since day 1 of pandemic lockdown, this team has always ensured that we have been set up for success. Their bookkeepers are absolute rockstars. Period. I don’t know what I would do without their help or care. Thanks, team.”
Some of Our Happy Clients:
Read more about how we help make restaurants more money.
