Restaurant & Hospitality Accounting Services in New Jersey

As a restaurant owner, you understand the importance of numbers in your business. Your business entails the regular use of measurements, tip calculations and daily sales. In addition to the day-to-day calculations that you have to perform, it is vital to your business’s success that you have strong financials and understand them. The professional team at Thomas DiTullio Accounting understands the unique accounting and bookkeeping issues with which restaurants and other businesses in the hospitality industry face in New Jersey. We are able to help you with all of your accounting needs so that you can concentrate on the myriad tasks that are involved with running your business.

Restaurant & Hospitality Accounting Services

We Understand Your Restaurant and Hospitality Business

TMD Accounting can help you with all of your accounting and bookkeeping needs. We can assist you with everything from tip reporting, point-of-sales reporting, reconciliations, taxes, financial reports and more. We have multiple packages available so that we can tailor our services according to your unique needs. Our accounting services include all of the following:

  • Tax Compliance and Planning
  • Small Business Consulting
  • Family Business Advisory Services
  • Business and Strategic Planning
  • Business Valuations
  • Succession, Estate & Tax Planning
  • Buy-Sell Agreement Advisory Services
  • Outsourced Accounting & Bookkeeping
  • Audits, Reviews & Compilations

Types of hospitality businesses served

TMD Accounting is able to assist a broad variety of different hospitality businesses with their accounting needs. We are able to help all of our clients, ranging from small, family-owned restaurants to operators of franchises. We are able to help all of the following types of hospitality businesses with our accounting, bookkeeping and payroll services:

  • Restaurants
  • Bars
  • Caterers
  • Franchise restaurant operators
  • Taverns
  • Hotels
  • Motels
  • Bed and Breakfasts
  • Nightclubs
  • Food Trucks
Types of hospitality businesses served
Five ways TMD Accounting helps restaurant and hospitality businesses

Five Ways TMD Accounting Helps Restaurant and Hospitality Businesses in New Jersey

TMD Accounting can help your business in multiple ways. We can help you with your account reconciliations and financial reports. We are also able to assist you with your quarterly and annual taxes. You can choose to outsource your payroll to us, and we can make all of the complicated deductions such as 401(k) contributions, Social Security and Medicare deductions, state and federal taxes and more. We can also help you with your tip reporting and are able to work with the systems that franchise operators must use. When you choose TMD Accounting, you can receive help with the following five things:

  • Determining the best business structure
  • Providing advice on the type of accounting software you may need.
  • Explain your financial statements so you can understand the ins and outs of your business.
  • Oversee company payroll and payment processes.
  • Create financial forecasts so you can make better decisions in your business.

Our Restaurant Accounting Services in NJ

  • Setting up Chart of Accounts
  • Inputting Bank Details
  • Allocating the entries
  • Value Added Bookkeeping
  • Month-end or Year-end closing
  • Invoice approval
  • Expense allocation
  • Invoice imaging
  • Online payment approval
  • Check processing
  • Handling of vendor inquiries
  • 1099 reporting
  • Order management
  • Customer billing
  • Customer aging
  • Collections management
  • Cash forecasting & reporting
  • Bank statements reconciliation when records are managed by your organization
  • Credit card reconciliation with your bank records
  • Full reconciliation services
  • Matching of invoice with your ledger as well as journal entries
  • Gift card/certificate reconciliation
  • Partial reconciliation services
  • Sequencing of checks
  • Balance sheet
  • Income statement
  • Cash flow statement
  • Bank reconciliation report
  • Detail general ledger report
  • Fixed asset account management
  • Payroll setup
  • Payday calculations and direct deposits
  • Payroll taxes calculation and form filling
  • Exceptional Data Management
  • Forms Processing and Warehousing
  • Transaction Processing and Analysis
  • Data Mining Services and Monitoring

Choose TMD Accounting for Your Restaurant Accounting Needs

TMD Accounting has helped many hospitality businesses with their accounting needs throughout New Jersey. We understand the unique accounting issues that restaurants and other hospitality businesses face, and we are able to help you.

Running a restaurant is complicated enough. By outsourcing your accounting and bookkeeping services to TMD Accounting, you can concentrate on your business while having confidence in the accuracy of your financials and taxes. To learn more about how we can help you, schedule a consultation with Thomas M. DiTullio Accounting today.

Our Memberhips & Affiliations

  • New Jersey Licensed Public Accountants
  • National Society of Public Accountants
  • New Jersey Association of Public Accountants
  • Pennsylvania Association of Public Accountants
  • National Association of Tax Practitioners
  • American Society of Tax Professionals
  • Institute of Tax Consultants
  • South Jersey Business Association

Committed To Excellence For Nearly 40 Yrs

Thomas M. DiTullio has nearly 40 years of experience.  Tom and his staff have a well deserved reputation for outstanding service in Gloucester County.  Many of Tom’s clients have used his services for over 20 years.  In addition to tax services, Tom DiTullio Accounting also offers payroll, and financial management.  We offer many programs that are flexible, reliable, and most of all affordable.