Restaurant Accountants/ Bookkeepers - Different Roles and Responsibilities

564 views

Published on

Every small or medium sized restaurant needs accountants and bookkeepers to manage their different finance and accounting tasks. So, being an outsourced accounting firm, Cogneesol Pvt. Ltd. has sponsored the difference between major roles of restaurant accountants and bookkeepers in terms of business productivity. Check out and share your feedback.

Published in: Economy & Finance
1 Comment
8 Likes
Statistics
Notes
No Downloads
Views
Total views
564
On SlideShare
0
From Embeds
0
Number of Embeds
108
Actions
Shares
0
Downloads
5
Comments
1
Likes
8
Embeds 0
No embeds

No notes for slide
  • Restaurant Accountants and Bookkeepers
  • What is a Restaurant Accountant?
  • What is a Restaurant Bookkeeper?
  • What is the major difference between Accounting and Bookkeeping?
  • Major Roles of Restaurant Accountant
  • Major Roles of Restaurant Bookkeeper
  • Restaurant Accountants/ Bookkeepers - Different Roles and Responsibilities

    1. 1. Restaurant Accountants & Bookkeepers
    2. 2. A Restaurant Accountant is an accountancy practitioner that performs measurement, disclosure or provision of financial information supporting restaurant owners, managers & tax authorities to make decisions about allocating resources…
    3. 3. A Restaurant Bookkeeper is usually appointed by a small to mid-sized restaurant, to prepare & maintain its Books/ Accounts in form of financial transactions i.e. Sales, Purchases, Payroll, Accounts payable, Accounts Receivable etc…
    4. 4. The Accounting Process Involves Recording, Interpreting, Classifying, Analyzing, Reporting & Summarizing the Financial Data… The Bookkeeping Process Covers Recording Financial Transactions i.e. The First Part & the Foundation of the Accounting Process…
    5. 5.  Maintenance of Financial Data & Security  Preparation of Asset, Liability, & Capital Account Entries  Analyze Financial Data & Give Suggestions to Improve ROI  Prepare Financial Statements – Monthly or Annual Basis  Preparing & Recommending Latest Govt. Policies & Procedures  Maintaining Profit/ Loss account, Balance Sheet & Cash Flow Statement  Monitoring & Supporting Taxation Issues & Filings  Responsibility of Fulfillment of Financial Reporting Deadlines  Coordination with Audit Process
    6. 6. Maintenance of Financial Data & Security
    7. 7. Preparation of Asset, Liability, & Capital Account Entries
    8. 8. Analyze Financial Data & Give Suggestions to Improve ROI
    9. 9. Prepare Financial Statements – Monthly or Annual Basis
    10. 10. Preparing & Recommending Latest Govt. Policies & Procedures
    11. 11. Maintaining Profit/ Loss account, Balance Sheet & Cash Flow Statement
    12. 12. Monitoring & Supporting Taxation Issues & Filings
    13. 13. Responsibility of Fulfillment of Financial Reporting Deadlines
    14. 14. Coordination with Audit Process
    15. 15.  Handling Company Finances  Verify Source Documents i.e. Invoices, Receipts, Computer Printouts  Track & Maintain Inventory Records  Bank Accounts Reconciliation  Prepare & Process Payroll  Communicating With Coworkers on Daily Basis  Transfer Data to General Ledger  Prepare Checks, Payments & Bank Deposits  Manage Accounts Payables and Receivables
    16. 16. Handling Company Finances
    17. 17. Verify Source Documents i.e. Invoices, Receipts, Computer Printouts
    18. 18. Track & Maintain Inventory Records
    19. 19. Bank Accounts Reconciliation
    20. 20. Prepare & Process Payroll Payroll for Restaurants
    21. 21. Communicating With Coworkers on Daily Basis
    22. 22. Transfer Data to General Ledger
    23. 23. Prepare Checks, Payments & Bank Deposits
    24. 24. Manage Accounts Payables and Receivables
    25. 25. Cogneesol Pvt. Ltd. Is a US based Business Outsourcing Company that offers premium back office services to it’s customers worldwide. Cogneesol is specialized for its accounting, bookkeeping and other back-office Services in Different Industries such as:  Accounting & Bookkeeping for Restaurant Industry  Real Estate Accounting & Bookkeeping  Data Management Services for Businesses  Healthcare Industry  Accounting Services for Retail and Wholesale Industry  Insurance Back Office Services  Legal Outsourcing Services  Related Services for IT Industry  Telecom Industry Back Office Services

    ×