Restaurant Accounting Services in Markham

Page summary

Specialized restaurant accounting services designed for the unique challenges of the food and hospitality industry. Optimize food costs, manage inventory, and ensure full CRA compliance.

• Running a successful restaurant requires more than great food—it requires tight financial controls and expert accounting. Our restaurant accounting services are specifically designed to address the unique challenges of the hospitality industry.
• Reduce food costs through detailed cost analysis and tracking
• Maintain accurate inventory reconciliation monthly
• Ensure proper tip reporting and compliance
• Streamline payroll for complex hospitality staffing
• Restaurant Operations Review: We understand your restaurant operations: POS systems, inventory management, staffing structure, and cash handling. This helps us set up accounting systems that match your workflow.
• Food Cost Analysis: We implement monthly food cost tracking, analyzing your food cost percentage, identifying waste, and comparing your costs to industry benchmarks.
• Inventory & Payroll Setup: We configure your accounting system to track inventory movements, reconcile physical counts monthly, and process complex payroll with tip tracking.
• Ongoing Financial Management: Monthly financial statements, profitability analysis by location or menu category, and quarterly tax planning to minimize your restaurant's tax liability.

Related pages

• Bookkeeping Services: Related accounting and tax support.
• Payroll Services: Related accounting and tax support.
• Tax Planning Services: Related accounting and tax support.
• Corporate Tax Services: Related accounting and tax support.
• GST/HST Compliance: Industry guidance connected to Restaurant Accounting Services in Markham.
• Bookkeeping Services: Industry guidance connected to Restaurant Accounting Services in Markham.
• Contact ARMalik: Discuss restaurant accounting services in markham with a Markham CPA.

Common questions

What accounting challenges are unique to restaurants?

Restaurants deal with high transaction volume, perishable inventory, complex tip reporting, split-HST on food vs. beverages, and thin margins where small cost variances have an outsized impact on profit. Payroll is also more complex than most industries due to varying hourly rates, overtime, and servers' direct tips. Specialized restaurant bookkeeping — done weekly, not monthly — is essential to catching problems before they compound.

How do I track HST/GST on restaurant tips and gratuities in Ontario?

In Ontario, mandatory gratuities added to a bill are subject to HST; voluntary tips left by the customer are not. CRA requires that controlled tips (collected and distributed by the employer) be included in the employee's T4 income. We set up your POS-to-payroll workflow so tip allocation, HST treatment, and T4 reporting are handled correctly and defensible under a CRA review.

What expenses can a restaurant deduct in Canada?

Fully deductible expenses include food and beverage costs, kitchen supplies and smallware, staff wages and source deductions, occupancy costs (rent, utilities, insurance), POS and software subscriptions, marketing and delivery platform fees, and professional fees. Capital items — commercial ovens, refrigeration, leasehold improvements — are depreciated under CCA schedules. We ensure every legitimate deduction is claimed and properly documented.

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