QuickBooks Tips Blog

Many restaurants choose to handle their restaurant bookkeeping using QuickBooks.  Intuit does not make a specific QuickBooks restaurant industry version, so you will need to customize QuickBooks to meet your needs.  However, if you set up your company file using the easy start interview there is an option to select the restaurant industry.  QuickBooks will then make suggestions based on your industry to set up the software geared towards a restaurant.  There are still many modifications and suggestions I will make on a proper QuickBooks setup and bookkeeping procedures for a restaurant.   

Many businesses may find it necessary to create a daily sales journal entry in order to properly account for their sales.  Businesses that use some sort of cash register system will often have to record sales through a daily sales summary.  Common situations that may require recording daily sales are bookkeeping for restaurants and retail shops.  Watch this QuickBooks video demonstration on how to develop and record a daily sales journal entry.