Coastal Hospitality simplifies your accounting with a restaurant-specific solution fully integrated with POS systems, food and beverage vendors and banks. Our user-friendly, cost-effective, and cloud-based systems let you get back to the most important bottom line: managing and growing your business.
Coastal Hospitality provides restaurant accounting services and back office support for taxes, tipping, profitability, managing inventory and budget. As a Restaurant 365 Platinum Partner, our program puts the right information in your hands when you need it – streamlining the flow of money from your POS to your bank and back to you.
Quarterly, Monthly and Weekly Reporting priced from $175/week to $650/month
Includes Income Statement, Balance Sheet, Bank Reconciliation, Bill Pay, Credit Card Reconciliation, Sales Tax Filing and Payroll Booking
With a broad range of clients over the last 20 years, we have plenty of experience to share when it comes to vendors, typical expenses, or troubleshooting on behalf of restaurants just like yours. That experience has been invaluable over the past year with the catastrophic impact of Covid-19 on the restaurant industry. We continue to help clients navigate the Payroll Protection Program, CARES Act, SBA loans and more on a state and federal level.
Our programs streamline the entire accounts payable process — invoice capture, approval workflow and payment options — in a single platform. Accounts Payable and Accounts Receivable support is priced based on number of customers and frequency of billing.
Our efficient, easy, and real-time accounting support lets you focus on growing rather than the financials. For a franchisee, timely reports on goods, inventory and labor mean improved profitability. We monitor bank activity for cash shortages and fraud and look for ways to optimize labor expenses and control food costs.
Restaurant industry payroll management can be as challenging as tracking employee hours. Calculating a variety of wages, staff positions and a mix of hourly and part-time staff takes time… that you don’t have. We capture the data you need to calculate and manage payroll efficiently
Sales Tax is part of the daily flow of credit card and cash deposits made into your restaurant’s bank account. Keeping track of what funds are working capital to run your business… and what portion is sales tax that belongs to the state is essential to maintain legal compliance. We track and prepare monthly sales tax statements and make sure tax obligations are paid on time.
A Profit & Loss statement is a bank statement for your financial health. Calculating profitability means tracking a wide variety of costs versus revenue. What qualifies? What are your margins? We analyze your revenue and expenses daily with automated P&L statements that drive real-time, data-driven decisions to improve margins and reduce expenses.
With often hundreds of transactions flowing through your POS system each day, effective management is essential. We reduce time and errors of manual entry with automatic sales data captured straight to a general ledger as part of your Restaurant 365 dashboard. Transactions are tracked seamlessly in real time – ending that dreaded end-of-month bank reconciliation.
