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.

1. Restaurant
Accountants &
Bookkeepers

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. 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. 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.  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. Maintenance of Financial Data & Security

7. Preparation of Asset, Liability, & Capital Account
Entries

8. Analyze Financial Data & Give Suggestions to
Improve ROI

9. Prepare Financial Statements – Monthly or Annual
Basis

10. Preparing & Recommending Latest Govt. Policies &
Procedures

11. Maintaining Profit/ Loss account, Balance Sheet &
Cash Flow Statement

12. Monitoring & Supporting Taxation Issues & Filings

13. Responsibility of Fulfillment of Financial Reporting
Deadlines

14. Coordination with Audit Process

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. Handling Company Finances

17. Verify Source Documents i.e. Invoices, Receipts,
Computer Printouts

18. Track & Maintain Inventory Records

19. Bank Accounts Reconciliation

20. Prepare & Process Payroll
Payroll for Restaurants

21. Communicating With Coworkers on Daily Basis

22. Transfer Data to General Ledger

23. Prepare Checks, Payments & Bank Deposits

24. Manage Accounts Payables and Receivables

27. 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