Food & Beverage and Hospitality Accounting in Richmond, BC
Restaurants · Cafés · Bars · Bakeries · Breweries · Catering · Food Producers
Accounting and restaurant bookkeeping for food and beverage and hospitality businesses in Richmond, BC. We reconcile your POS, delivery-app and wholesale sales, run payroll with tips, file GST and PST, and send you monthly numbers you can run the business on — food cost, labour cost and real profit — from one team, for a fixed monthly fee.
What our food & beverage and hospitality accounting includes
- Monthly bookkeeping: sales, purchases and expenses recorded and categorized
- POS sales from Square, Toast, Lightspeed, TouchBistro or Clover reconciled to your bank deposits
- DoorDash, Uber Eats and SkipTheDishes payouts split into sales, commissions and fees
- Supplier invoices, inventory purchases and accounts payable recorded in the right month
- Wholesale and catering invoices and accounts receivable for food producers, distributors and caterers
- Payroll with tips for front-of-house, kitchen and production staff
- GST returns and BC PST on liquor and soda beverages filed on time
- Monthly profit and loss with food cost, beverage cost, labour cost and prime cost
- Year-end financial statements and the T2 corporate tax return
Built around food, liquor and tip tax rules
Food and hospitality businesses have tax rules most businesses never see. Restaurant meals carry 5% GST, while most basic groceries sold by food producers and retailers are zero-rated. Liquor carries 10% BC PST and soda beverages and fountain drinks 7% PST. Controlled tips — tips the employer holds or decides how to share, such as a tip pool with an employer-set formula — have CPP, EI and income tax deducted and go on the T4. Direct tips, which customers give to staff or which the employer passes on in full without deciding how they are shared, are not subject to CPP or EI. Under BC rules, employers cannot withhold tips and can share in a tip pool only if they do similar work. We set this up correctly from the first month.
Food & beverage numbers you get every month
-Food cost % — food purchases as a share of food sales
-Beverage and liquor cost % — tracked separately from food
-Labour cost % — wages, tips paid through payroll, CPP, EI and WorkSafeBC
-Prime cost — food, beverage and labour together, the number that decides profit
-Gross margin by product line or customer — for bakeries, producers, distributors and catering
-Sales by channel — dine-in, takeout, delivery apps, wholesale and events
-Cash position — what is in the bank after GST, PST and payroll remittances
Who This Service Is For
-Restaurants, cafés, bubble tea shops, bars and pubs in Richmond and Greater Vancouver
-Bakeries, breweries, catering companies and food trucks
-Food producers, processors, importers and distributors
-Multi-location restaurant groups and new food businesses setting up their books before opening
Key Benefits
Know your food cost, labour cost and real profit every month instead of once a year. One team in Richmond handles your bookkeeping, payroll with tips, GST/PST and T2, so nothing falls between providers. Monthly bookkeeping starts from $350/month, payroll from $250/month, and full-cycle accounting for food and hospitality businesses from $1,500/month — fixed in writing before we start.
Talk to an accountant in Richmond
Suite 311, 5811 Cooney Rd, Richmond, BC
Mon–Fri 9:30 am–5:00 pm
Serving Richmond, the Tri-Cities and Greater Vancouver. We reply within one business day.