Restaurant Accounting Experts

 

The Largo Group has a team of experienced professionals ready to take your restaurant to the next level.

How It Works

The Largo Group provides a team of experts who are actively involved your business on a weekly and monthly basis. Our goal is to provide the key information you need to run a successful restaurant in real time.

Weekly

  • Financial analysis including cash flow and preliminary profit & loss highlights.
  • Weekly payroll processing
  • Enter daily sales per POS system
  • Post all credit card, cash and A/R activity
  • Review vendor invoices weekly
  • Review bill-payment schedule and cash flow with ownership
  • Send ownership a preliminary weekly summary for each location, with revenue and prime cost trends when applicable
  • A review of the QuickBooks file, including reconciliation of all bank and credit card statements when needed
  • An updated bill-pay listing to ensure cash flow is managed weekly.

Monthly

  • Bank and Credit Card reconciliations
  • Sales tax filings
  • Check-in call for cash flow and trends analysis
  • Comprehensive monthly report for each business on a stand-alone basis.
  • Consolidated monthly analysis showing impact of all businesses on ownership team.

Yearly

  • Proactive end-of-year tax planning
  • W-2s for every employee and 1099s if needed
  • Fully-prepared tax returns
  • Tax plan for the new year

Bonus

  • Restaurant coaching that focuses on lowering food and labor costs
  • No billable hours; call us when you have a question and need help
  • No hidden fees or extra costs at tax time
  • Individual tax returns done for lower cost

Knowing Your Financials Is Essential!

Download our free report, "The 5 Pitfalls of Restaurant Accounting," to learn the five things the most successful restaurant operators know about their accounting. 

Why It Matters

Payroll
Hand off payroll and know it’s done. It’s seamless. All you have to do is enter the hours and approve the payroll report we send back.

We handle all new-hire and termination paperwork, too.

Sales Tax Filing
Our sales tax expert provides full support to our restaurant clients and understands the laws in every state. We are so confident in our knowledge, that once we start filing for you, we stand between you and the state in case of an audit.

Your assigned accountant works with you every month, walking you through your financial statements so you can make adjustments on the fly instead of looking back at your year and realizing you lost

Monthly Snapshot
Instead of waiting until April – four months into a new year! – your accountant meets with you monthly to provide you with a snapshot of where your business is at the moment. Review the information that is important to you, get a trend analysis, a cash flow analysis, review your restaurant profit and loss statement, get help with projections and 100% verification of all balances and expenses.

Tax Returns
In addition to giving you the insight to be flexible and make adjustments on a monthly basis, the other goal of the monthly work is to feed into the final tax return. When you work on your books monthly, review your financial statements, make adjustments along the way and plan for your tax obligations throughout the year, there are no surprises. Plus, all your dollars are allotted to benefit the business rather than the government.

CONTACT US TODAY!

The Largo Group team is ready to help you in your business. Our approach to accounting is designed to set you up for success and reduce your stress. PLUS, all new clients receive a free a review of tax returns from the last two years. This $1,000 value evaluation is free to new clients and is likely to uncover a realization of anywhere from $3,000–$10,000.

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