Restaurant Financial Audit Checklist

By Warren Wu | October 12, 2020
Checklists Operations Restaurants
Counting Money

Intro

A restaurant financial audit checklist ensures the continued financial health in your business. Use this checklist to stay up to date on the financial health of your restaurant and see where you can improve.

Restaurant Financial Audit Checklist

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Profit & Loss Statement is complete
Profit & Loss Statement has been checked for accuracy and all categories are included
Balance sheet is balanced
Statement of owners' equity
Statement of cash flows
Daily Sales Reports pulled and filed for records
Daily Sales Reports verified against weekly and monthly sales reports
Overrides and Voids have been justified and initialed by MOD
All weekly Inventory counts are complete and accurate
Inventory spreadsheet formulas are correct and all weeks have been compared for variances
Historical Sales data used to calculate budgeted labor
Labor Percentage matches P&L labor payouts
Production & Waste Logs completed & initialed by kitchen or MOD
Accounts Payable and Receivable have been balanced and records filed
Bank Deposits and statements align with reported sales and have been reviewed and signed off
Accruals have been settled and expenses paid out by month's end P&L
Accruals should also be funded for state, local and federal taxes due for property, sales or income, as required by law.
Weekly safe counts were complete & initialed EOM safe count verified and balanced
Disclaimer

Coast and their collaborators provide this resource as a service to the public. Coast and their collaborators’ are not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information contained within this website.

Please note that this template is provided as an example only. It does not replace your own diligence & research, including workplace, health and safety or other applicable laws. You should seek professional advice to determine if the use of this resource is appropriate or permissible in your workplace or jurisdiction.

Checklists Operations Restaurants

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