Expert Accounting Services for Restaurants in Minneapolis & St. Paul
Accounting Expertise for Restaurant Owners
Common Accounting Challenges for Restaurants
Cost of Goods Sold (COGS): Tracking food, beverage, and supply costs is essential. We help you calculate and monitor COGS to control expenses and boost profitability.
Labor Costs: With tipped employees, overtime, and compliance requirements, labor is one of the biggest challenges. We ensure wages, benefits, and reporting are accurate and compliant.
Revenue Recognition: From dine-in and takeout to catering and gift cards, restaurants have multiple income streams. We make sure revenue is recorded correctly to reflect true performance.
Depreciation & Leasing: Restaurant equipment and leases create complex depreciation and amortization needs. We guide you in making the smartest financial decisions.
Specialized Accounting for Child Care Centers
Daycare providers face unique regulations and financial structures. We help child care businesses with services tailored to their industry:
Accounting: We simplify complex account tracking, including multiple locations and varied enrollment options, ensuring accuracy and consistency.
Tax Services: From subsidies to grants, we help you manage the impact of government programs while maximizing tax efficiency.
Payroll: Payroll is often your largest expense—we streamline processing with Employer on the Go and HR On‑Demand to ensure accuracy, compliance, and efficiency.
Business Consulting: Our advisors provide guidance on pricing, profit margins, equipment investments, and growth strategies such as opening new locations.
Tax Savings & Projections
Specialized Services for Restaurants
Restaurants need more than general accounting—they need services designed for their industry. We provide:
Business Consulting
We provide initial strategy and monthly reviews to help you plan for the future.
Accounting Essentials
Our services include monthly bank reconciliation and the preparation of monthly financial statements.
Income Tax
We handle your annual tax preparation and provide audit protection for added peace of mind.
Payroll Services
We simplify payroll for employees, subcontractors, and union workers, supported by Employer on the Go and HR On‑Demand.
Why Restaurants Choose Haworth & Company
We know that in the restaurant industry, every dollar counts. That’s why restaurant owners across Minneapolis and St. Paul trust Haworth & Company as their accounting partner.
We provide industry-specific expertise, proactive support, and peace of mind—helping you control costs, stay compliant, and focus on serving your customers. With us, you’ll always know your numbers and have a clear path forward.
Hear From Our Valued Clients
Frequently Asked Questions
Have questions about how we can help your specific business? Find answers below or contact us for more details.