Free Restaurant Accounting Checklist

Prepared by: [Your Name]
I. Daily Tasks
Reconcile cash drawers
Record daily sales
Deposit cash in the bank
Enter sales data into the accounting system
Record credit card transactions
Record inventory usage
Update inventory levels
Track employee hours worked
Prepare for accurate payroll processing
II. Weekly Tasks
Review invoices from suppliers
Schedule and process payments
Reconcile bank statements
Verify internal records match bank transactions
Record and categorize all expenses
Monitor spending against the budget
Adjust labor costs based on business needs
Monitor overtime and labor efficiency
III. Monthly Tasks
Prepare profit and loss statement
Create balance sheet
Generate cash flow statement
Conduct physical inventory count
Compared with recorded inventory levels
Compare actual performance with budgeted projections
Identify variances and take corrective actions
Calculate and process payroll
Deduct taxes and benefits accurately
Calculate sales tax liability
Remit sales tax to appropriate authorities
IV. Annual Tasks
Conduct internal audit or hire external auditors
Review financial controls and compliance
Gather necessary documents for tax filing
Prepare and file annual tax returns
Develop a budget for the upcoming year
Incorporate lessons learned and future projections
Ensure compliance with local, state, and federal regulations
Update policies and procedures as needed
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Simplify your restaurant's financial management with our Restaurant Accounting Checklist Template from Template.net. This editable and customizable template, powered by our AI Editor Tool, offers a comprehensive framework for daily, weekly, monthly, and annual accounting tasks. Ensure accuracy and efficiency in cash handling, sales tracking, payroll, and more with ease.
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