Know Your Numbers and Chart Your Course
Bartab is built on experience in both the restaurant/bar business and accounting, giving them a unique insider perspective on the numbers that power your business. Our experts know the restaurant, bar, and nightclub industry inside and out, and we have the skill to help make it easier for you to understand where your money is coming from, where it’s going, and how to make sure your cash flow is always positive. We analyze everything, including your business practices, your inventory, and your bartending staff to help locate financial chokepoints and trouble spots.
It’s our goal to give you a completely accurate picture of your revenue, profitability, and cash flow on a real-time, day-by-day basis, so you’ll have the information you need to both know what your resources are and make great business decisions. We leave no stone unturned.
Our financial management services include:
- Weekly summaries of Accounts Payable
- Weekly bookkeeping, including bill entry & payment and bank transaction tracking
- Tracking of weekly revenue streams for food, liquor, merchandise, and more, individualized to each POS terminal
- Full setup of accounting software
- Itemized inventory reports
- Weekly profit and loss statements with comparative analysis
- Monthly sales tax remittance
- Cash flow statements
- Customized reports relevant to your business
- Business and personal income tax preparation
- Relevant ratio analysis, including labor ratios, food-to-liquor sales, and product mix reports
Bartab can offer you a global perspective of your business’s finances, allowing you to take action where it’s needed and to smooth out any operational friction, strengthening your business from the ground up.