Restaurant owners are passionate about what they do, and so are we. Whether you’re launching a new concept, operating an established restaurant, expanding to another location, or preparing for a transition, our restaurant accounting team understands the financial and operational challenges you face every day.

Boyum Barenscheer provides accounting, tax, and advisory services to restaurants throughout Minnesota, the Midwest, and across the country. Our team helps restaurant owners navigate financial complexity, improve profitability, and make informed decisions with confidence.

We Work With

Our team provides specialized accounting and advisory services for a variety of restaurant businesses, including:

• Full-service restaurants
• Franchise restaurants
• Independent restaurant owners
• Multi-location restaurant groups

Restaurant Accounting, Tax & Advisory Services

Restaurants operate on tight margins and fast-moving decisions. Our team provides practical financial guidance that helps owners understand their numbers, improve profitability, and confidently plan for the future.

Performance & Profitability

Understanding where your business is making, and losing, money is essential to long-term success. We help restaurant owners evaluate financial performance and identify opportunities to improve profitability.

• Margin analysis and benchmarking
• Profitability analysis
• Capital expenditure review
• Cash flow forecasting
• Budget development
• Financial reporting

Tax Planning & Compliance

Restaurant businesses face unique tax considerations, from sales tax and payroll compliance to owner tax planning. Our proactive approach helps minimize surprises and identify planning opportunities throughout the year.

• Tax strategy and planning
• Business tax preparation
• Personal tax preparation for business owners
• Sales and use tax
• State and local tax
• Restaurant tax planning
• Affordable Care Act guidance
• FICA tip reporting and compliance
• Tax credits and incentives

Accounting & Outsourced Services

Accurate financial information gives restaurant owners the confidence to make informed business decisions. Whether you need monthly accounting support or outsourced financial leadership, we can help.

• Monthly accounting
• Bookkeeping
• Financial statement preparation
• Accounting software recommendations
• Point-of-sale (POS) system consulting
• Accounting process design
• Outsourced CFO services
• Outsourced Controller services
• QuickBooks consulting

Business Strategy & Growth

Whether you’re opening another location, evaluating a major investment, or preparing for a future ownership transition, our advisors provide strategic guidance to help you move forward with confidence.

• Strategic planning
• Business valuations
• Buying or selling a restaurant
• Succession planning
• Exit planning
• Internal control reviews
• Fraud prevention

Audit & Assurance Services

When lenders, investors, or ownership groups require additional financial confidence, our assurance professionals provide:

• Financial statement audits
• Financial statement reviews
• Compilation