Providing Restaurant Businesses with Opportunities to Reduce Costs and Boost Profitability
IMPACT OF BROADENING FINANCE FUNCTION CAPABILITIES ON BUSINESS
A RESISTANT ECOSYSTEM OF TECHNOLOGY, EXPERIENCE, As well as DOMAIN KNOW-HOW
FUELING GROWTH WITH DATA-DRIVEN INSIGHTS
Reliable Outsourced Accounting Partner to Aid in Business Growth
As a restaurant franchise or business owner, you know that having a clear understanding of your finances is crucial to your success. But with all the demands of running a restaurant, it can be challenging to keep up with accounting and financial tasks. That’s where Nikko comes in – we offer high-quality accounting services to help you streamline your accounting processes, gain insights for business growth, and improve profitability.
Our team has years of experience working with restaurants and other businesses, and we’ve seen firsthand how having a reliable accounting partner can make all the difference. With Nikko, you’ll have access to our expertise and industry knowledge to help you identify new opportunities and develop growth plans. We take care of all your accounting needs, from standardizing your accounting processes to providing detailed financial reports and analysis. Our outsourcing services are cost-effective and designed to save you time and money. So you can focus on what you do best – running your restaurant and serving your customers. At Nikko, we’re committed to providing exceptional client service and helping you succeed in today’s ever-changing business environment.
Services
Accounts Payable
Critical accounting process that involves managing and paying a company’s bills and invoices needs expert to handle it with utmost accuracy. Nikko can help you streamline your financial operations, reduce errors and fraud, and save time and money. With our expertise and technology, we can handle the entire AP process, from data entry and invoice processing to payment management and reporting, ensuring timely payments and accurate financial records.
Cash Flow Management
assisting you in monitoring your cash reserves and estimating cash flow
Setting Up and Implementing an Accounting System
Prior time of system configuration and access reorganize and establish standardized operational processes
Inventory Management
Tracking and management of a company’s inventory levels, including the purchase, storage, and sale of products or materials. Our professionals are able to maintain optimal levels of inventory and help avoiding stock outs or overstocks, which can impact a company’s profitability and cash flow.
Accounts Receivable
Process of tracking and managing payments owed to a business by its customers is a very crucial part of accounting. Managing Accounts Receivable can be time-consuming and resource-intensive, making outsourcing to a trusted provider like Nikko a smart choice. Nikko’s experienced team can efficiently manage your invoicing, collection, and cash application processes, ensuring accurate and timely payments, improved cash flow, and better financial control.
Reconciliations
Bank, credit card, and account reconciliation is crucial for retail companies to ensure the accuracy of their financial records and transactions. Any discrepancies or errors in reconciliation can lead to costly mistakes that may impact the business’s bottom line. Retail companies often choose to outsource this process to Nikko because our team of experts is well-equipped with the latest accounting practices and technology specific to the retail industry. We provide accurate, efficient, and cost-effective reconciliation services that give retailers peace of mind, allowing them to focus on their core business operations.
Financial Reporting
Organizations need to be aware of and understand their performance throughout a certain fiscal year. We provide timely analysis of your financials to examine and assess the financial performance of the prior fiscal year. Financial reports would give a performance assessment of the company.
Key Benefits
Comprehensive food and beverage cost reporting
Easy access to operational cost reporting
Expert reconciliation of 3rd party food delivery partner
Accurate reconciliation of POS system with accounting system
MOFOS support for Mobile & Online Food Ordering Services
Reliable reconciling of bank and merchant statement
Thorough variance analysis and custom reporting for improved cash flow
Franchisee financial reporting services
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