We do the finances. you do the food

The numbers behind good food and good times.

We do the finances. you do the food

A boutique accounting firm for the food & hospitality industry.

Appetizers

Just like most accountants cannot breakdown a tuna, most restaurant owners cannot (or simply do not want to) think about accounting, finance or the data and the associated workflows. The Finer Things, is a boutique accounting and data analytics firm that combines a deep knowledge of finance and accounting principles with the latest in technology to create timely and accurate reporting to aid key decision makers in running their businesses.  A unique component of what we do is that we actually care about our clients, their business, their employees, their families and the entire eco-system that surrounds the restaurant.
Our services

Entrees

Cash Basis Accounting

Let our professionals establish a Quickbooks Online account, chart of accounts and code your cash transactions to build a basic "cash-basis" financial statement. This will enable a moderate level of confidence as to the basic performance of the business.

Accrual Basis Accounting

Our most popular and useful plan this is a hybrid cash/accrual based accounting method which introduces concepts of GAAP based accounting and revenue recognition creating a more useful set of financial statements for business owners.

Analytics

This next level service considers performance in weekly intervals with real life metrics and KPIs measured to ensure a high level of control over the restaurant. This package includes budgeting and forecasting as well and pairs well with the Accrual Basis Accounting plan.

Dashboard

We love to create dashboards to measure information that is important to the success of the restaurant.  Using Tableau software we can measure any KPI of relevance at a determined interval that makes sense and provides meaningful insights.

Tip Reporting and Allocations

Happy employees tend to stay longer and work harder. This add-on service focuses on how to allocate tips and structure compensation to ensure your best performers are well-compensated and happy employees.

Invoice Entry and Bill Pay

This service is useful for busy owners who just need a little help or automation in tracking invoices and their payments. We offer several solutions and intervals for when to pay invoices to help keep cash flow strong.

Sales Tax Filing

Monthly sales tax reporting is confusing, but required and a failure to do so will create a real problem. Our professionals understand the key issues involved with determining the correct sales tax due and getting it paid on time to avoid penalties or fees.

Investor Services

Many restaurants are fortunate enough to have investors. We have the experience and background to liaison with them to provide superior reporting and information that they would expect from more advanced classes of investments.

How it works

Step 1: The Intro

You tell us about your business as it currently exists.  Where is the business today and where are you looking to go?  We like to know everything that makes up the business environment you are navigating – inside and out.

Step 2: The Workflow & IT/Security

What processes are currently in place that you feel great about?  What processes need a little work?  What software are you currently using or looking to deploy?  At this time we also like to include a discussion around security, something we take with the highest level of seriousness.

Step 3: The Plan Development

In this step we develop a timeline and list of deliverables for us to provide to you. Included in the plan is the types of reports or projects we will provide, how we will provide them and when.  

Step 4: The Review

Well prepared financial statements on their own are nice to have, but we find the value add and most significant part of having them is the strategy discussions and analytics that can be performed around them.

Step 5: The Data Visualization

With proper accounting, workflows and internal control combined with a deep understanding of your strategic goals we can being to develop a dashboard for continuous monitoring of your business and related KPIs.

Just Desserts

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  • Cash flow monitoring and reporting to make sure there are no liquidity issues that can hinder payroll, rent, food deliveries or other expenses.
  • Evaluate software such as XtraChef, MarginEdge and relevant technology integrations to determine which ones (if any) are a match for your restaurant.
  • Toast/POS setup are a critical part of getting your business started off in the right direction and we have the expertise to do so. A good setup enables clean data and in-house execution from day one. Why wait a year to get this right?
  • Menu Development and Costing is an important exercise to make sure the correct margins are being obtained for each item sold. You don't want to sell items at a loss!
  • Delivery Setup and management requires a lot of thought to get the correct workflow. Let us do the thinking for you.
  • 3rd Party (Uber Eats/Grubhub/DoorDash) delivery apps are great, but need to be set-up and monitored correctly to ensure they are profitable to the business as they come with very high fees and other issues that need to be well thought out before offering them to your customers.