Six Useful Restaurant Bookkeeping Reports

We know bookkeeping isn’t your passion - restaurants are. But getting your financials right can help you soar in your business. Look at it like some sails on the boat of your passions.

Whether you’re wanting to do your own bookkeeping or work with a bookkeeper, it’s helpful to know what reports you need. We’ll break down six different reports that can support your restaurant business.

Here are some of the key bookkeeping reports:

1. Profit and loss (P&L) statement

2. End-of-day-sales report

3. Account balances

4. Cash flow statement

5. Balance sheet

6. Controllable cost report

Profit and loss statement

This is your income and expense statement. It shows you the total income and expenses for a period. You can get as specific or broad as you want with categorizing expenses and determining profit through your P&L report.

End-of-day sales report

The end-of-day sales report gives you your sales by day - for food, beverages, and sales tax. You can find this report in your point of sale (POS) system. 

Account Balances

Cash flow statement

This statement provides you with your income sources and where your money went.

Balance sheet

This is where you’ll find your assets, liabilities and equity. It shows you what your restaurant is worth and it tells you how the company is doing. 

Controllable cost report 

A controllable cost report gives you an idea of where the company spends its money, which potentially affects how much it will earn or if money is being lost.

If you need to outsource your bookkeeping, we can help! We love supporting business owners. Get a free estimate at www.harquinbookkeeping.com/estimate.