Industries
Cafes, restaurants, hawker groups and food factories run on thin margins, daily cash and delivery platforms that pay net of fees. The accounting has to keep pace with service, or decisions get made blind. Ours keeps pace.
An F&B day produces cash, card settlements arriving on different lags, and platform orders where GrabFood, Deliveroo or foodpanda keep their commission before paying out. We reconcile each stream on its own rhythm: POS to cash and cards daily or weekly, platform statements to payouts every cycle. When the streams reconcile, shrinkage and error show up in days. When they do not, they show up in the year-end shock.
Food cost percentage is the number that decides whether an outlet lives. We track purchases against sales at outlet level, flag drift early, and cost central kitchen production properly, including the inter-company charge from kitchen entity to outlets that multi-entity groups need for both management truth and tax cleanliness. Wastage, staff meals and promotions get lines of their own instead of hiding in cost of sales.
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Tell us where your books stand. An expert accountant replies within one working day.
Yes, daily-takings businesses are a specialty. POS feeds, cash floats and platform payouts each get their own reconciliation rhythm, so nothing drifts for long.
You account for GST on the gross sale, not the net payout, and the platform commission is your expense. Getting this wrong is the most common F&B GST error we correct.
Outlet P&L is our standard format for multi-outlet clients, with the group view on top. Weak outlets become visible in months, not years.
Yes, including production costing and the inter-company charging between the kitchen entity and outlets that keeps both management numbers and tax clean.
Service charge distribution, shift-based payroll, part-timers and CPF are all handled within our payroll service, integrated with the books.
Yes, from entity structure and POS setup through to the outlet appearing as its own P&L from the first day of trading.
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Accounting, corporate secretarial, payroll and advisory for Singapore SMEs since 2012.
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Ian & Son refers to the Ian & Son network and/or one or more of its member firms, each of which is a separate legal entity. Contact us to learn more.
