Show all from recent

1. Murmur Plus(370kview/3799res) Free talk Today 09:48
2. I didn't think Trump would win.(2kview/62res) Free talk Today 08:28
3. Squirrels, apples bitten by birds(51view/2res) Question Today 08:22
4. JAL VS ANA(117view/4res) Free talk Today 08:21
5. cryptographic assets(1kview/34res) IT / Technology Yesterday 12:22
6. Let's gather the elderly ! !(297kview/865res) Free talk 2024/12/02 08:22
7. Anything and everything related to travel to Japan...(748kview/4336res) Free talk 2024/12/01 18:21
8. How to choose a trustworthy vendor(129view/3res) Question 2024/12/01 00:29
9. My passport and green card have different last nam...(248view/3res) Problem / Need advice 2024/11/30 20:09
10. Marriage after overstay, green card(1kview/34res) Problem / Need advice 2024/11/30 13:14
Topic

Restaurant Management Bookkeeping Methods

Learn / School
#1
  • 佐藤
  • mail
  • 2021/08/24 14:11

I have been leaving all bookkeeping for the restaurant to the accountancy,
but from now on I am going to do it myself, except for TAX RETURN.

I have only one restaurant with single digit employees. 
What I would like your advice on is

① Do I need software, since many people say they don't really know how to use it,
Is Excel ok or would it be easier to have it,
If so, is there a monthly Subscription
Do we need an online plan? ?

② I hear that it is better to outsource the bi-weekly payroll
. Is it better to apply from the ADP website rather than from Quickbooks, etc. ?
I know there is Paycheckcity, etc.

③ I heard that monthly sales tax is done from CA state application page.
Quickbooks ONLINE Plan has a section called "sales tax", is this a way to pay using the ONLINE Plan? accounting firm uses Quickbooks.
If we stop using the accounting firm, will we have to purchase the software and input our account from scratch? I'm wondering if we really need the software.


I would appreciate any advice on an easy way to transition from the accounting firm to doing this myself.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#2
  • 無知
  • 2021/08/24 (Tue) 17:59
  • Report

How are you going to manage inventory, food purchasing, expenses, and SalesTax without using software ?
Expenses are divided into various categories, so you can drop 100% of them or spend 3 years
If you have to do it in Excel, it's easy to use Quickbooks!
You should think about it in case you get audited
Currently the Quickbooks admins are the accounting firms, so they won't give you the historical data ? Well, I don't need it
I'm still using 2019 Quickbooks. I'm still using Quickbooks currently. You don't have to buy the software every year
Of course I haven't used the software all the way through, but it's cheaper and easier

① If you don't have a branch office, you can use Desktop ? We use Desktop
② We do our own employee ? If you're not solo, you'll have to hire an outside firm
③ SalesTax is done by typing it in yourself on the CDTFA site, and Quickbooks will give you the numbers, so this isn't that hard

I don't think you have Excel nowadays ?

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#3
  • 倍金萬
  • 2021/08/27 (Fri) 10:30
  • Report

> You have only one store and a single-digit employee size

so it is difficult to decide whether to manage the finances yourself or leave it to someone else.

If you have a "right-hand man" to whom you can entrust the direct management of the store, including employee supervision, you can immerse yourself in financial management, but if not, you will have to entrust all or part of the work to an outside agency. If you are familiar with accounting software and the software is linked to your accountant's computer, you can use a "tripod" approach, where your accountant calculates sales tax, State Board of Equalization, and IRS-related taxes and you make the payments. You can have your accountant calculate the sales tax, etc., and pay the IRS related taxes on your own.

In my case, I started with Mom and Pop Corporation, which at one time had over 50 people including myself paying payroll checks, but I left the accountant to someone I had hired since I was an expatriate. When the number of employees started to increase, I needed a receptionist and secretary, so I asked her to put the employee's working hours in Excel and sent the data to ADP to make the Paycheck. I don't need to go this far for you. It's just Gigi's bragging.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

Posting period for “ Restaurant Management Bookkeeping Methods ”  has been closed.
Please create new topic to continue the same topic.