payroll (Restaurant & Hospitality)

Bookkeeping services packaged exclusively for the small to mid-size restaurant & hospitality industry.

BOOKS IN BALANCE has a specifically designed system comprised of financial and information technology specialists providing cost effective accounting and business management solutions for restaurant and small boutique hotel operators.

We can assist in part or all of your accounting / bookkeeping functions; vendor payments, bank reconciliations, sales & liquor tax reports and filing, financial statement preparation and more.

Daily, Weekly, and Monthly Programs are available to serve your specific needs. Contact us to see how we can help you.

  Special Payroll Considerations for Restaurants

There are a number of complex laws in effect governing
restaurant employees' wages and tips. It can be a very overwhelming task to avoid making sometimes costly mistakes.

BOOKS IN BALANCE sees that you have the necessary tools to help you over these hurdles and to help manage your restaurant business more effectively.

We have the expertise to help you process your restaurant payroll with the accuracy, timeliness and flexibility to meet your particular needs.

Allocated Tip Reporting — BOOKS IN BALANCE can help meet your TEFRA requirements. You can choose the method you want us to use to monitor reported tips...and if it becomes necessary to allocate tips, we have the ability handle all your payroll needs.

Tip-to-Minimum Validation — Our system will make sure the wages you pay your staff and the tips they report keep your business in compliance with minimum wage requirements.

Shortfall Reporting — This valuable report protects both you and your employees, ensuring that they don't owe you for voluntary deductions that could not be satisfied from their wages...and that they have an opportunity to pay the proper tax on their income.

FICA Tip Credit Report — BOOKS IN BALANCE will help you get the maximum benefit from this powerful business tax credit. In addition to maintaining your payroll records, we can track your matching portion of FICA paid on tips in excess of minimum wage on a per period, monthly, quarterly, yearly or fiscal year basis — whenever you need it! Tracking this information could lead to substantial business tax savings.