Accounting that keeps pace with your operation.
Bookkeeping, payroll, HST/GST, tax and financial reporting for Ontario restaurants, cafés, breweries and hospitality businesses.
- POS and deposit reconciliation
- Payroll and tip records
- Inventory and food costs
- CPA-led oversight
Every service creates financial activity
Restaurants manage high transaction volume, multiple payment channels, frequent purchasing, labour scheduling, tips, inventory and narrow operating margins.
Your accounting process needs to connect the front of house, kitchen, payroll, banking and tax records—not treat each system as a separate island.
- POS sales and discounts
- Cash and card deposits
- Delivery-platform payouts
- Food and beverage purchases
- Payroll, gratuities and benefits
- HST/GST and tax deadlines
Where hospitality accounting often becomes difficult
Sales do not match deposits
Merchant fees, tips, gift cards, delivery apps and settlement timing create reconciliation differences.
Food costs keep moving
Supplier prices, waste and purchasing patterns can affect margins before the change is obvious.
Payroll is complex
Hourly staff, overtime, vacation pay, tips and turnover require consistent records and deadlines.
Cash flow is seasonal
Busy periods can be followed by rent, payroll, supplier and tax payments that put pressure on cash.
Records come from many systems
POS, delivery, payroll, banking and supplier information must be brought together correctly.
Year-end becomes a cleanup
Unreconciled balances and missing documents can delay tax work and reduce the usefulness of reports.
Connected support for the whole operation
Your engagement can be tailored to your locations, systems, transaction volume, payroll activity and reporting requirements.
Sales & POS Reconciliation
- Daily or summarized sales review
- Card and cash deposit matching
- Delivery-platform settlements
- Gift cards, discounts and refunds
Monthly Bookkeeping
- Bank and credit-card reconciliation
- Supplier invoice recording
- Receivables and payables support
- Monthly financial statements
Payroll & Tip Records
- Payroll processing coordination
- Source-deduction tracking
- T4 and ROE support
- Tip and gratuity record support
HST/GST Support
- Sales-tax account review
- Input tax credit records
- Return preparation and filing
- CRA correspondence support
Corporate Tax & Year-End
- Year-end working-paper preparation
- T2 corporate tax returns
- Capital asset schedules
- Tax-account balance review
Financial Guidance
- Cash-flow and budget support
- Sales and cost trend review
- Customized management reporting
- Periodic financial discussions
See what is happening behind the sales
Revenue is only one part of the story. Consistent monthly reporting can help you review the costs and obligations competing for each sales dollar.
Accounting for hospitality businesses of many kinds
Restaurants
Cafés & Bakeries
Breweries & Taprooms
Bars & Pubs
Caterers
Food Trucks
Event & Hospitality Venues
Multi-Location Operators
A practical monthly accounting rhythm
Discovery
We discuss your concept, locations, POS, payroll, banking, filing status and current concerns.
Systems Review
We map how sales, deposits, purchases, payroll and tax information move through the business.
Setup & Cleanup
We organize accounts, establish access and address the agreed historical bookkeeping scope.
Monthly Support
We follow an agreed document schedule, complete reconciliations and provide financial reports.
Professional support for a demanding business
ASP Tax & Accounting Services supports hospitality operators in Cambridge, Waterloo Region and across Ontario with careful bookkeeping and practical financial oversight.
Hospitality accounting questions
Can you work with our POS and delivery reports?
Yes. We first review the reports available from your systems and determine an appropriate method for recording sales, taxes, tips, fees and settlements.
Can you help if our bookkeeping is behind?
Yes. We can assess the available bank, credit-card, POS, payroll and supplier records, then quote a separate cleanup or catch-up engagement.
Do you help with tip and gratuity records?
We can help organize the accounting records and coordinate payroll reporting based on how gratuities are collected and controlled. The exact treatment depends on the facts and your payroll process.
How often will we receive reports?
Monthly reporting is available with ongoing bookkeeping packages. The format and level of detail depend on your selected service scope and the information your systems provide.
Can you support multiple locations?
Yes. The engagement can include location or class tracking where the accounting systems, source records and agreed scope support it.
Ready for a more dependable accounting process?
Book a complimentary consultation to discuss your systems, records, reporting needs and the support that fits your hospitality business.