Accounting for Restaurant

In the current business culture of sophisticated compliance and technical financial reporting standards, it can be energy consuming for your restaurant business to ensure the transparency of financial insights while managing running aspects on a daily basis.

Regulatory compliance, judgmental financial estimates, complex bureaucracy, detailed accounting details required for tax calculation, and careful behavior in the formation of financial statements might prove to be scary and more difficult to handle than managing the restaurant company itself.

Our years of experience and a team of professionals enable us to serve your restaurant business’s financial side by managing bookkeeping. We enable you to take off bookkeeping from your to do list and place a keen eye on growing aspects of the business.

How do we think to serve and areas of service?

AccountingBased on market understanding and sound experience we consider that businesses should think of outsourcing the compliance to a business of professional accountants and free up themselves for sound market understanding and strategic business growth. We provide excellent services in restaurant accounting and enjoy a strong reputation within the Czech Republic. Our main services fall in the areas of bookkeeping, business advisory, risk advisory, banking management, internal controls, business process improvement, e-commerce based accounting, e-commerce taxation, liquidation, change of the business address, and other business hurdles to successfully run the company in the Czech republic.

Why choose us?

  • Detailed understanding of the business laws prevailing in the Czech Republic.
  • A dedicated team of experts to ensure a sky scraping level of services.
  • All the services are delivered with our maker-checker policy.
  • Strong quality measures and internal controls in all the services offered.
  • Team availability on and off-site depending on the nature of the services.
  • Logical and working advice grounded in local knowledge and backed by regional and Czech experience.
  • Very basic professional fee and excellent quality of professional services.
  • Customized service plans depending on the needs of your company.
  • We have faith in the quality of work and performance of sound customer service to level up our good will and satisfaction of the client.

What do we do?

  • Our firm provides a range of financial advisory services for restaurants ranging from advice on some monetary transactions to the formation of financial statements.
  • Establish accuracy of financial data by reconciliation, performing a test of details, implementing segregation of duties, installing strong internal controls, and identification of gaps in the approval and execution of financial transactions.
  • Produce advanced financial reports for decision-making and performance assessment and assist in other running aspects like opening a bank account.
  • Use our years of experience and extended knowledge to improve the strategic positioning of your company.
  • Ensure your accounting record is free from material misstatement and updated on a timely basis.
  • Provide help in carrying out analyzing tasks to internal and external auditors.
  • Our corporate secretarial service includes different services like sole trader registration and business registration, liquidation, change of the business address etc.

How to register a restaurant business as a sole trader and a company in the Czech Republic?

Register businessYou’ll need very basic information for registering the restaurant business as a sole trader or a company in the Czech Republic. The documents needed for the registration include a certificate of no criminal record in the Czech language, a tenancy agreement for the place you have rented, and intend to register as a legal address and current visa or biometric card. After submission of all required documents, it should take around a week to get a business enlistment endorsement.

Here are examples of possible services and their pricing.

Service Price w/o our tariff, CZK Price for our tariff payers, CZK
Sole trader registration with 1 year free accounting service (Start tariff) 9500 CZK/380 EUR 9500 CZK/380 EUR
Company registration with 1 year free accounting service (Start tariff) 29500 CZK/1200 EUR 29500 CZK/1200 EUR
Legal address, 1 year 7200 CZK 6000 CZK
VAT registration From 6000 CZK From 5000 CZK

* Prices do not include possible VAT.

For incorporation of the restaurant company, some more records are required in addition to the above. For instance, authorized capital account, a form of organization, name of the company, name of Directors, authentication of no criminal record from directors, and formation of articles of association.

We’ll help you throughout the process from collection of documents to filing information and receipt of the certification, incorporation of the company at a very truly sensible cost. Make sure that you use our one hour free consultation during which our representatives will explain all the details and present you a clear plan and a quote.