Accounting for Restaurants and Food Service Businesses
Running a restaurant is demanding enough without worrying about your books. N2 Accounting Inc. provides specialized accounting for GTA restaurants — from daily sales reconciliation to payroll, HST, and year-end tax filing.
Restaurant Accounting That Understands Your Business
Restaurants operate on thin margins, high transaction volumes, and complex payroll requirements. N2 Accounting Inc. understands the unique financial challenges of the food service industry — from tip reporting and gratuity accounting to food cost analysis, POS reconciliation, and CRA compliance for cash-heavy businesses. We help GTA restaurant owners stay profitable and compliant.
Our Services
Bookkeeping
Daily and monthly bookkeeping including POS reconciliation and food cost tracking.
Payroll Services
Payroll for hourly and salaried staff, tip reporting, and CRA remittances.
GST/HST Filing
Accurate HST returns for food service businesses — including zero-rated vs. taxable supplies.
Corporate Tax
T2 filing and tax planning to minimize your restaurant corporation's tax burden.
Cash Flow Planning
Cash flow forecasting to manage seasonal fluctuations and plan for slow periods.
Business Financing
Equipment financing and working capital loans for restaurant expansions and renovations.
Why GTA Restaurant Owners Choose N2 Accounting
- Deep experience with restaurant bookkeeping and POS system reconciliation
- Expertise in tip reporting and gratuity accounting requirements
- Understanding of HST rules for food service (zero-rated vs. taxable)
- Payroll expertise for hourly staff, overtime, and vacation pay
- Cash flow planning for seasonal restaurant businesses
- Fixed monthly pricing — predictable costs for a variable-revenue business
What Our Clients Say
“N2 understands restaurant accounting. They reconcile our POS system, handle payroll for 25 staff, and file our HST every quarter. Couldn't run without them.”
“They helped us understand our food cost percentages and where we were losing money. Our profitability improved significantly after their analysis.”
Also Serving Nearby Areas
Frequently Asked Questions
Book a Free Consultation
Tell us about your business and we'll get back to you within one business day.
Book My Free Consultation
Tell us about your business and we'll get back to you within one business day — no obligation, no pressure.
What to Expect
- A 30-minute call with an N2 Accounting professional
- Review of your current accounting and tax situation
- Honest recommendations — no hard sell
- A clear quote if you decide to move forward
- Response within one business day
Prefer to call directly?
416-400-7395