Award-Winning Restaurant Accountants in Toronto
Share Your Pressure. Restaurant Accounting Planned, Prepared, & Done for You.
Enjoy Tax Savings.
Minimize the tax liability; maximize the profits of your restaurant. Eliminate HST complexities and save money with our tailored tax strategies.
2x Your Profits.
We have helped Popeye's Dixie & Dundas in Toronto 2x its profit by implementing smart KPIs that brought thousands in cost savings.
Happy Workplace.
Make sure your staff is paid on time. Keep your employees happy with accurate payroll management and remittance of WSIB.
Not Scared of Peak Periods.
Peak periods and seasonal fluctuations are not scary anymore. Use our cash flow forecasting tools to ensure liquidity, and handle supplier payments.
Our Services: Restaurant Accountants in Toronto
Take care of customers, promote the target segment, and deal with suppliers more easily than ever. From tax planning to HST remittance, our expert restaurant CPA Toronto is here to guide a meal company toward profitability.
Restaurant Bookkeeping
- Manage and update your restaurant’s books with QuickBooks Online
- See your income from different sources and categories of expenses
- Assess cash flow, inventory, and precise financial records
- Comply with CRA requirements, including GST/HST tracking
Inventory, Cost Control & POS Management
- Stay up-to-date with your suppliers to source the ingredients
- Manage inventory to minimize food and beverage waste
- Control cost of goods sold (COGS) and labor
- Accurate daily reconciliation of cash and card payments
Tax Planning
- Pay personal and corporate income taxes on time (T2 & T4)
- Sales documentation in order to minimize tax obligations
- Profit-sharing and passive investment portfolio maintenance
- Cross-border tax advice and retirement planning
- Prepare tax situation for long-term financial security
Track Sales and Income
- Ensure correct wages, payroll liabilities, and WSIB
- Detailed expenses are shown in the Quickbooks Payroll ledgers
- Seamless payout of tips to permanent and casual employees
Financial Reporting & Budgeting
- Understand balance sheets, income, and cash flow statements
- Budget management for seasonal revenue fluctuations
- Strategic decisions for succession and retirement
Trusted By Toronto’s Up & Coming Restaurants.
As payroll accounting experts, we proudly help many business owners reclaim their time, grow their restaurants, and see real financial returns.
We Help Over 30 Restaurant Owners Like You with Accounting & Bookkeeping.
Focus on good food and great service. Our Toronto restaurant CPA will fill in the gaps in your accounting, debt, and payroll.
Watch our clients share their experiences in how they “gain profits on every dish they serve.”
Only a Phone Call Away.
SAL delivers reliable Toronto restaurant accounting services. Our accountants are only a phone call away whenever you need them.
Your Issues Resolved.
CRA audits, reporting, and high turnover can be a burden. We can help you get back into running your restaurant in less than two months.
Franchisor Requirements Complied.
Our CPA fully understands your franchisor requirements. We handle the volume on time and with accuracy to save you money.
SAL Gives Restaurant Owners in Toronto More to Go On.
Only Pay When 100% Satisfied with Our Restaurant Accountant Services.
100% Money-Back Guarantee.
We believe you should only pay if you’re satisfied with our services. And we’ll work hard to make that true.
CRA Audit Protection.
Worried about CRA audits? Ease your mind by partnering with us for proactive small business bookkeeping. If audited, we’ll handle your CRA audit for free.
Know What You’re Getting.
Enjoy upfront, transparent pricing so you know what to expect.
Why Choose SAL Accounting as Your Restaurant Accountant in Toronto?
The Number #1 Toronto’s Accountant for Restaurant Businesses.
Single Restaurants
Overwhelmed by multiple revenue streams and various facilities? We’ve got you covered. Here at SAL, we provide you with up-to-the-second POS data across multiple sources. Our team helps you grow your business with Uber Eats, Doordash, and SkipTheDishes.
Chain Restaurants
Struggling to see profit per branch? Our restaurant accountants create a separate P&L per restaurant to give you a bird’s eye view of your numbers.
Franchise Restaurants
Tired of transitional tax laws and labor reporting musts? We know it is complicated when you have thousands of employees. Our restaurant accountants Toronto know how to claim maximum ITC expenses for HST, eliminate payroll errors, and streamline your books.
Catering Services
Worried about managing an event? Tracking revenue, expenses, food, labor, and overhead costs per event can be complex. We offer you seasonal budgeting and accounting tools and make everything happen ideally.
Food Trunks
Always on the go? Get your Quickbooks Online set up on your cell phone. Trust our CPA and enjoy instant access to your numbers- right at your fingertips.
Bars and Nightclubs
Feeling like you cannot handle high volumes of cash transactions alone? We are here to help you. While 80% of accountants incorrectly apply HST to liquor, we increase your HST liability and cause CRA audits.
A Message from Our CPA
“Hello, the founder of SAL Accounting is here! I understand how challenging it can be to manage Toronto restaurant bookkeeping, but don’t worry — we’re here to make it easier for you. My team and I specialize in restaurant accounting, and we’re dedicated to making taxation, inventory management, payroll, and financial planning smooth and stress-free. Trust us to handle the details so you can focus on delivering great dining experiences and growing your restaurant.”
M. SALMAN
Connect with Professional Restaurant Accountants in Toronto.
Sarah Zeyneb
Jazz Thind
Alex Hart
M.SALMAN, CPA
FAQs: Restaurant Accountant Toronto
What is exactly restaurant accounting?
Generally, it is a subcategory of accounting services that manages the finances of a restaurant business. Restaurant accountant services give owners and managers insight into the restaurant’s financial health. These accountants can overcome challenges like high overhead costs, fluctuating revenues, and complex tax requirements. Our accountants and CPA have experience in the industry, so you can trust us.
How can I save HST as a restaurant owner in Toronto?
The best way to save HST as a restaurant owner is to track all your expenses and have robust bookkeeping practices. Fortunately, our experienced accountants know which of your sales and purchases have HST applied to them.
What sort of food purchases do not have HST applied to them?
There are some uncooked (not prepared) food items that are zero-rated, which means no HST is charged regarding them. They usually include fresh fruits, vegetables, meat, dairy products, bread, and cereals. However, you claim an Input Tax Credit if you pay HST on expenses related to these zero-rated items.
Do food sales below $4 require HST payment?
As a restaurant owner in Toronto you should only charge the 5% federal portion of the HST when selling an order under $4. Yet, some items like pop and snacks (e.g., potato chips) still require the complete 13% HST, even if the total is $4 or less. For example, a $3 falafel would be charged 5% HST, but a $3 pop and chips would be charged 13% HST.
What do your restaurant accountants do?
Our primary objective is to ensure your restaurant’s financial records are accurate, complete, and up-to-date. Accounting, bookkeeping, financial analysis, budgeting and forecasting, tax compliance, payroll, reporting, and consulting are some of our other responsibilities.
What accounting method do restaurants use?
Typically, there are two popular restaurant accounting methods: the cash basis and the accrual basis. The cash basis method records transactions when they are received or paid. On the other hand, the accrual basis method records transactions when they are incurred or earned, regardless of being received or paid. Generally, we suggest a cash-based method for small and simple restaurants and another one for larger and more complex restaurants. You can consult our experts for more information.
What areas do restaurant accountants track?
We usually track sales, cost of goods sold (COGS), labor costs, inventory, accounts receivable and payable, taxation and cash flow. That is how we ensure effective Toronto restaurant financial management.
Do I lose control over my books after outsourcing them?
Absolutely not. You will have full control over them after you outsource your accounting to SAL. We use cloud-based accounting solutions to keep you informed about financial statements and reports. You have complete access to any updated and accurate financial reports and statements.
How do you manage my restaurant’s cash flow?
We know how to set up detailed cash flow forecasts to guarantee the needed budget at all times. Our CPA creates financial strategies based on your condition.
How do you handle inventory and prime cost control for restaurants?
Here at SAL, we integrate our advanced inventory management systems with your POS. This allows us to track stock levels, waste, prime costs, and other factors to enhance your restaurant’s overall performance.
Do restaurants in Toronto need HST remittance?
If your annual taxable revenue exceeds $30,000, you need this. We help you correctly calculate all revenues, such as dine-in, takeout, and catering, to prepare a flawless HST remittance in the event of a CRA audit.
Can you help me with audits if my restaurant gets selected by the CRA?
If you have been chosen by CRA, there is no need to worry. We do not leave you alone! Our accountants prepare the needed documents, represent your business during the audit process, and solve any possible issues.
How much do restaurant accounting services cost?
It depends. We have helped many single-unit franchise owners and multi-unit operators in Toronto. Each has different needs, conditions, and financial goals. SAL offers one of the most affordable restaurant accounting services in Toronto. You can book a free consultation now to learn more about our pricing plans
How can I find restaurant accounting services near me?
SAL is located in the heart of downtown Toronto. Our office is at 330 Bay Street, minutes away from Union Station and the CN Tower.
Schedule a FREE Consultation—Take Accounting Off Your Plate And Scale Your Restaurant.
Ready to boost your restaurant business performance? Don’t delay. Reach out today to schedule a free consultation on how to make your restaurant accounting simple and stress-free.