For restaurants, cafés and food businesses

Accountant for Restaurants & Food Businesses

Accounting for a restaurant means matching daily sales from your till and delivery apps to the bank, filing HST, running payroll that handles tips correctly and watching food and labour costs. We keep that in order for incorporated restaurants and food businesses in Brampton and the GTA, so the numbers show what is happening on the floor.

Brampton · Mississauga · GTA · Virtual support across Ontario

How it works

Restaurant accounting, step by step.

Exactly what happens after you get in touch, starting with one 15-minute call.

  1. Today

    Book 15 minutes

    A free, no-obligation 15-minute call on Teams or at our office at 181 Queen St E, Brampton.

  2. The call

    Your sales and costs

    How you take payments and orders, who runs payroll, and where your records stand.

  3. Every week

    Sales matched to deposits

    Till, card and delivery-app payouts reconciled to the bank, with app fees recorded separately.

  4. Every month

    Food and labour costs

    Food and labour as a share of sales each month, so you can act before a bad quarter.

  5. Your move

    Ready when you are

    Pick a 15-minute slot that suits you. We confirm the time and scope with you directly.

    Book a free 15-minute callCall (647) 606-1824

What we see most often

A full dining room doesn't always mean profit. The books tell you which one you have.

Four common problems, and what we do about each one.

  1. The problem

    Delivery apps pay you net of fees.

    Recording only the deposit hides your real sales and the fees you pay.

    The solution

    Gross sales and fees recorded

    Each payout split into sales, fees and HST, so the books and HST return match.

  2. The problem

    Tips create payroll questions.

    Tips are taxable, and whether payroll deductions apply depends on who controls them.

    The solution

    Tips handled correctly

    We review how tips are collected and shared, and set up payroll to match.

  3. The problem

    Staff come and go often.

    Every departure needs a record of employment on time.

    The solution

    Payroll on a schedule

    Pay runs, remittances, T4s and ROEs looked after as changes happen.

  4. The problem

    You don't know your food cost.

    Without it, menu prices are guesses.

    The solution

    Monthly cost reports

    Food and labour costs shown against sales, in a short report you can read in minutes.

WHAT WE HANDLE

One firm for the books and the tax

  • Weekly or monthly bookkeeping
  • Till and delivery-app reconciliation
  • GST/HST returns
  • Payroll with tips, remittances, T4s and ROEs
  • Food and labour cost reports
  • Corporate tax return (T2) and year-end statements
  • Equipment and leasehold set up for CCA
  • Owner pay: salary, dividends and instalments

The exact work and fees are agreed in writing before work starts.

ANSWERS BEFORE YOU START

Common questions.

General information, not tax advice for your situation. Book 15 minutes to talk about yours.

Can you work with my point-of-sale system?

Usually. We work from its sales reports and match them to the bank each period.

Can you take over in the middle of the year?

Yes. We pick up from your last reconciled month and catch up from there.

Do you help with opening a new location?

We help set up the books, HST and payroll for the new business. Your lawyer handles leases and incorporation.

Do you only work in Brampton?

Our office is at 181 Queen St E, Brampton. We also work with food businesses across the GTA on Teams.

A PRACTICAL NEXT STEP

Talk to us before
the deadline.

Share the service you need, your business type and any upcoming deadline. We’ll discuss the records, scope and next steps before work begins.

Call (647) 606-1824 Message on WhatsApp ↗chirag@wealthywaveaccounting.caThese links open your phone, email or WhatsApp app. Please don’t send tax returns, passwords, SINs or banking details in an initial enquiry.