Restaurant Accounting Services

An 18+ year-old finance and accounting outsourcing company providing skilled and experienced accountants at economical rates. High expertise in QuickBooks, NetSuite, Sage 300, Microsoft Dynamics and Oracle packages. Our services have been used by 300+ businesses including restaurants and hospitality firms in California, New York, Texas, Florida, Colorado, Kansas, Washington and Canada among others.

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01

Cost Efficient

Realize cost reductions of 40-60% on your existing staffing costs

02

Faster Turnaround of Work

OHI team works in US/Canadian night time. Overlap options also available

Optimize Staffing

03

We can work in part-time, full-time or on project basis

Focus on running the business rather managing books

04

Focus on Core Business

Our Services

Accounts Payable

Entry of invoices, processing bill payments, vendor reconciliations and accounts payable aging reports


Utilities Processing

On-time Processing of utilities bills, review and reporting of utility charges to restaurants


General Ledger Maintenance

Maintain journal entries for recognizing COGs, prepaids, accruals and others, maintaining month end closing schedules and entries, monthly review of select balance sheet accounts


Accounts Receivable

Record sales figures from POS system into accounting system, booking of cash and credit card customer payments, cash forecasting and aging reports


Reconciliation

Bank, credit cards, gift card/certificate reconciliations


Payroll

Process weekly/bi-weekly payroll, payroll taxes calculation, payroll reports and standard tip reporting


Inventory

Periodic physical inventory to books, inventory reconciliation, tracking of inventory losses and inventory control

Financial Reporting

Balance sheet, income statement, cash flow statement, sales and margin trends, inventory reporting and monthly financial analysis of income statements and expense reports


Sales Reporting

Detailed daily, weekly and monthly sales reporting covering major revenue sources, sales mix and sales by location/branch reporting


Management Dashboards

User Friendly dashboards such as sales dashboards, financial dashboards


Fixed Assets and Capital Accounting Services

Maintaining depreciation schedules and fixed asset tracking


Administrative Tasks

Document management, archive weekly restaurant accounting documents, tracking and renewal of licenses and permits


Tax Return Tasks

Sales tax, occupancy tax, use tax and commercial activity tax reconciliation and payment


Other Tasks

Set-up of accounting system, back-log accounting and clean-up of incorrect books

Software Expertise

We have high expertise across multiple hospitality and restaurant accounting software used in USA. Our team can get trained in a custom ERP/software or any other software with minimal learning curve due to our experience working in multiple national/international accounting packages.

Custom packages of 25, 50 and 80 hours per month are available

HOURLY CHARGES

$12

*Onwards

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$1800

JUNIOR ACCOUNTANT

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$2400

STAFF ACCOUNTANT

Entry of invoices, bills

Bank and credit card reconciliation

Simple management reports

Turnaround time: 3-5 business days

Full-time staffing (160 hours per month)

Accounts payable processing

Bank and credit card reconciliation

Sales reporting and analysis

Turnaround time: 1 business day

*Onwards

Full-time staffing (160 hours per month)

All junior accountant activities plus

Month end closing

Financial reporting and analysis

Turnaround time: 1 business day

Pricing

The indicative standard charges for junior and senior accountant roles are listed below.

Note

  • The above charges are indicative charges for standard services to be performed by the particular role on a full-time basis (160 hours per month). A final quote will depend on the work-volume, activities required and the working hours. Part-time and flat fee quotes are also available
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Part-time and flat fee quotes of 25, 50 and 80 hours per month are available.

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Learn more about our accounting outsourcing services.

About Us

  • 300+ clients served since 2006 across North America in all major states
  • High client satisfaction - Most of our clients have been with us since 8+ years
  • Senior management team with rich outsourcing and management experience since 2003 in global companies
  • Good familiarity with restaurant and hospitality accounting procedures and business practices
  • Staff with at-least six years of hospitality and restaurant accounting experience
  • High expertise in QuickBooks, NetSuite, Sage 300 and Microsoft Dynamics
  • Spacious office set-up (30,000 square feet) with high speed internet, modern facilities and uninterrupted power supply
  • 200 MBPS high speed dedicated internet leased line

300+

clients

400+

employees

Team & Staff Profile

A chain of luxury retail boutiques at five star hotels and resorts around the world. Over 58 stores across the USA, Europe, Caribbean, South America, Middle East and South Pacific

An exclusive, #1 reseller of Cosmedix products in Ireland & the UK. The firm also maintains an online store and had significant online presence across UK

A fast growing mid size retail chain based in Toronto, Canada. This chain has about 15 franchisees across Canada.

A luxury resort wear store for signature silhouettes, a feminine aesthetic and distinctive designer beachwear.

Real Customers, Real Satisfaction!

A private equity firm investing in successful online speciality retailers

We also prepare monthly accounts/books for many hospitality/restaurant clients of our CPA clients.

A niche and fast growing retail consultancy company based in Ohio, USA providing data warehousing, business intelligence and analytics services to restaurants and retail stores.

A mid sized rapidly growing furniture distribution and retailing company based out of Idaho in USA, supplying a large retail companies like Home Depot as well as retail customers.

Learn More About our Hospitality and Restaurant Accounting Services

Contact Us

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+1 (646) 367-8976

US Office


244 Fifth Avenue, Suite P228, New York, NY 10001, USA

IND Office


E 46/8, Okhla Phase II, New Delhi -110020, India

Services

Residential Property Accounting
Commercial Property Accounting
HOA/Condo Accounting
Portfolio Accounting
Construction Accounting
Fixed Asset Accounting
Lease Abstraction
Loan Abstraction
CAM Reconciliations
Asset Management
Investment Analysis
Acquisition Support
Financial Dashboard
Back Office Support

Other Services

Remote Real Estate
Financial Controller
Treasury Support Service
Fund Accounting
ESG Reporting

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Property Accountant
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Contact Us

US Office


244 Fifth Avenue, Suite P228, New York, NY 10001, USA

IND Office


E 46/8, Okhla Phase II, New Delhi -110020, India

+1 (646) 367-8976

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Address

US Office

244 Fifth Avenue, Suite P228, New York, NY 10001, USA

919 North Market Street, Suite 950, City of Wilmington, DE 19801, USA

IND Office


E 46/8, Okhla Phase II, New Delhi -110020, India

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The Real Estate Specialist Since 2006

+1 (646) 367-8976

Services

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UK Services

Useful Links

Residential Property Accounting
Real Estate
About Us
Commercial Property Accounting
Construction
HOA/Condo Accounting
Logistics
Case Studies
Brochure
Portfolio Accounting
Outsourcing Guide
Construction Accounting
Fund Accounting
Assisted Living Accounting
Student Housing
Loan Abstraction
Business Intelligence Services
Treasury Support Services
Back Office Support
Remote Real Estate
Financial Controller
Property Accountant
Acquisition Support
Investment Analysis
Asset Management
CAM Reconciliations
Lease Abstraction
ESG Services
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Accounts Payable
Construction Accounting
Transportation Accounting
Fund Accounting
Retail Accounting

At OHI, we leverage outsourcing, automation and industry leading processes to assist you in scaling new heights of excellence. We aim to help you optimize your portfolio, acquire better, and streamline operations, all in a cost-efficient manner.

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At OHI, we leverage outsourcing, automation and industry leading processes to assist you in scaling new heights of excellence. We aim to help you optimize your portfolio, acquire better, and streamline operations, all in a cost-efficient manner.

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