Bakery
Bookkeeping & Accounting for bakeries, cake businesses & pastry shops
Small and medium-sized bakeries, cake, and pastry shops create fresh products daily, including bread, cakes, and pastries. While the business model seems straightforward, many struggle with bookkeeping and cash flow management. Understanding gross and net profits is crucial for growth, yet many bakeries lack this insight. At Finslog, we specialize in accounting for bakeries, cake businesses, and pastry shops. We implement cloud accounting software like Zoho Books, QuickBooks, and Xero, allowing you to focus on your core business while we handle your accounting needs and help minimize taxes.
How to do bookkeeping for bakeries, cake businesses & pastry shops
Record Your Receipts
Bakery shops sell to B2B clients, online marketplaces, and walk-in customers, receiving payments via cash, bank transfers, or mobile wallets.
Record Expenses
Recording all direct and indirect expenses for ingredients helps bakeries accurately assess financial statements, minimizing corporate taxes and calculating profits.
Bank Reconciliation
Bank reconciliation ensures accurate financial records for bakeries by matching bank statements with accounting software, vital for audits and financial integrity.
Sales tax Compliances
Proper bookkeeping helps bakeries manage VAT/GST compliance, ensuring accurate tax payments, return filings, and maximizing input tax credit benefits.
Automate Bakery Shop Accounting with Cloud Bookkeeping Software
Automation of bookkeeping and accounting for bakery shops owners can help to stay organized and focus on core business growth. Automation of accounting helps to give to track inventory , Gross and net margin. Accounting software such as Zoho books , Quick books also have mobile application , so your always connected with financial records. You can closely monitor on cashflow , sales etc.
How Cloud Bookkeeping Helps for Advertising Industry
How Cloud Bookkeeping Helps for Bakery Shops
✔ Operate from anywhere
✔ Keep track of day-to-day bookkeeping
✔ Track inventory
✔ Know cost of sales
✔ Prepare trial balance
✔ Financial statement
✔ Cash flow management
✔ Accounts payable report
✔ Accounts receivable report
Checklist To Follow
| Checklist to Follow | Time | |
|---|---|---|
| Month End bank Reconciliation | Monthly | |
| Month End Loan account Reconciliation | Monthly | |
| Compare Actuals with budget of same month | Monthly | |
| Review Billable and Non Billable expense | Monthly | |
| Month End Journal Entires | Monthly | |
| Update Vendor Reconciliation | Monthly | |
| Update Petty Cash Balance | Monthly | |
| Raise Alert for Accounts Receivable exceeeding 45 days | Monthly | |
| Payroll Management | Monthly | |
| Monthly Tax payments | Monthly | |
| Monthly Compliances of TDS , GST , IT | Monthly | |
| Month End Reporting | Monthly |
Our Accounting Services for Bakery Advertising/Marketing Industry
We have team of professional who are experienced in working with Advertising Companies. We are also certified consultant for Zoho book , Quick Booke , Xero etc. Get incredible insight into your business with advanced reports. You get real time access to your financials so you can easily understand profit margins and make changes in business strategy. Our services to logistic companies helped them to save on cash management and taxation.
Financial Goals to Advertising business
✔ Cash Flow Management
✔ Proper Documentation of Expense
✔ Correct Reporting of Sales Tax Return
✔ Key Performance Indicator
✔ Avail Cash Credit on Timely Payment
Why Choose Us?
Finslog is actively providing outsourced bookkeeping, Accounting , payroll and compliance services to small and medium business and CPA Firms. We will help you to identify the financial rations , indicators and performance readily, helping you to make the right decisions at the right time.
Upto 50% Reduced Cost
Upto 50% reduced cost compared to in-house services. Our service cost is lower due to cheap labour even thou no compromise in quality of services.
Time Zone Advantage
Favorable time zone advantage between India and US ensures high productivity and faster turnaround. We reply to mail within 24 hours.
Data Security
We use secured document management system with high end level of security. Business can rely on our services about documents safety along with Information.
Export Team
We bookkeeping team is combination of Chartered Accountant (CAP) & commerce graduates. We have expertise in bookkeeping & accounting.
Process-driven work
We developed process flow for start to end bookkeeping. We have checklist , formats and proven Project Management system helps to communicate.
Growth Services
Delegation of work helps business to give attention on primary business activities for growth. By outsourcing bank office you focus on Growth.
Quick Connect With Us
Part Time / Full Time
Resources For
✔ CPA Firms
✔ Enrolled Agents
✔ Bookkeeping Firms
✔ Tax Practitioners
✔ Business Owners
Why Finslog is the First Choice
for Accounting & Tax Preparation
Finslog offers expert, cost-effective, and reliable accounting services with a focus on transparency, efficiency, and timely results
✔ Experienced Professionals: Skilled team with years of experience ensures reliable and accurate results.
✔ Efficient Project Management: Self-hosted system enables smooth communication and seamless project handling.
✔ Cost Savings: Save 40-50% compared to local accountants without compromising quality.
✔ Transparent Processes: Clear workflows keep clients fully informed and confident in the outcomes.
✔ Quick Turnaround: Same-day or 24-hour maximum response time for inquiries.
✔ Regular Updates: Frequent email updates provide essential business information and progress reports.
✔ On-the-Go Meetings: Schedule expert meetings anytime for efficient communication.
✔ Meeting Deadlines: We complete work ahead of deadlines to ensure a smooth process.
✔ Comprehensive Checklists: Detailed, well-organized checklists eliminate confusion and ensure thorough coverage.
✔ High Quality Standards: Standardized procedures ensure error-free work and top-quality service.