Drive Profit in High-Volume Retail
From managing COGS and inventory turns to analyzing same-store sales, we provide the financial clarity retail and hospitality businesses need to thrive.
POS Systems
Locations Managed
Specialized Expertise
Comprehensive accounting, payroll, and tax services tailored to each sub-sector of Hospitality and Retail.
📚Bookkeeping
- •Daily Sales Audit: Reconciling POS reports (Toast/Clover) with actual bank deposits
- •Managing third-party delivery services (UberEats/DoorDash) fee reconciliation
- •Accounts Payable: Managing high-volume vendor invoices for food and beverage
- •Tracking credit memos for returned produce and food waste
🧮Accounting
- •Prime Cost Reporting: Weekly analysis of COGS + Labor Costs relative to sales (target 60-65%)
- •Inventory Management: Tracking theoretical vs. actual food usage to identify waste or theft
- •Menu item profitability analysis
- •Labor cost percentage tracking by shift and day-part
👥Payroll
- •Managing tip credit compliance (FICA Tip Credit)
- •Processing weekly payroll for high-turnover staff
- •Tracking spread-of-hours pay for employees working split shifts
- •Handling cash tip reporting and allocation
📄Tax Preparation
- •Filing Form 8027 (Employer's Annual Information Return of Tip Income)
- •Managing state and local sales tax filings (food vs. beverage tax rates)
- •Tracking employee meal deductions
- •Sales tax exemptions for catering vs. dine-in
⚙️Software Stack
Getting Started
We follow a rigorous methodology to ensure your Hospitality and Retail transition is effortless and effective.
Operations Review
Understand your POS systems, number of locations, transaction volume, and reporting requirements.
System Integration
Connect POS, e-commerce, payment processors, and accounting software.
Chart of Accounts Setup
Standardize accounting across locations for consolidated reporting.
Daily Workflow Implementation
Establish daily reconciliation processes and reporting schedules.
Ongoing Optimization
Monitor prime costs, identify trends, and provide actionable insights.
The Hospitality and Retail
Advantage
Daily Reconciliation Expertise
We understand the importance of daily cash and credit card reconciliation. Our team ensures every POS transaction, third-party delivery fee, and merchant charge is accounted for.
Prime Cost Management
Expert analysis of the two biggest expense categories—Labor and COGS—helping you maintain profitability in thin-margin businesses.
Multi-Location Consolidation
Seamless consolidated reporting across multiple locations with individual P&Ls for each unit, providing visibility into underperforming locations.
Sales Tax Compliance
Navigate complex multi-state sales tax requirements, including Wayfair economic nexus, marketplace facilitator laws, and industry-specific exemptions.
High-Volume Transaction Processing
Handle thousands of daily transactions efficiently with automated reconciliation tools and streamlined workflows.
Driving performance through
strategic financial leadership.
Frequently Asked Questions
Detailed answers to the most common questions regarding our Hospitality and Retail industrys.