KeyLine Bookkeeping Services

Who it’s for

Bookkeeping for Small Businesses

A corner restaurant, a gas station, a cleaning crew or a consultant: KeyLine keeps the books for owner-run small businesses of every kind. Here are four examples, each with what its books handle and a sample month.

We work with registered businesses: an LLC, a corporation, or a sole proprietor with the business set up.

Four examples

What the Books Handle, Business by Business

Choose the one closest to yours. Each shows its five points, then a sample month with every point in its place.

Small Restaurants and Food Marts

A small restaurant and a food mart keep their registers the same way, and a restaurant adds tips and delivery apps.

  1. Register Sales, Taxed and Not

    Groceries aren’t taxed in Texas, while soft drinks, candy, ice, beer and wine, tobacco and prepared food are. A restaurant’s ready-to-eat food is taxed, sold to go as well. Food, candy, snack items and soft drinks bought with SNAP benefits aren’t taxed. The register’s department totals go into the books every day, because records that don’t separate untaxed sales from taxed ones leave every sale presumed taxable.

  2. Card Batches and Cash

    Card sales arrive as daily deposits, minus fees, and cash goes in with each deposit. The gap between the register and the drawer is tracked as over or short, day by day.

  3. Vendors and Deliveries

    Every delivery’s invoice is recorded, whether it was paid by check, by ACH or in cash from the register, so what each vendor is owed, and what the shelves and the kitchen cost, stay right.

  4. Tips

    A voluntary tip isn't taxed. Card tips come in with the batches and go out to the staff, so the books keep them apart from sales.

  5. Delivery App Payouts

    DoorDash pays out weekly by default. Each delivery app payout is split back into its orders, the app’s charges and any refunds, so sales show at their full amount.

A Sample Month of a Corner Deli and Market’s Books

How we’d record one month, with each of the five things above in its place. Made-up numbers, not a real client.

A deli counter with a small grocery, open six days a week.

A Sample Month of a Corner Deli and Market’s Books, under the five things the books handle
EntryAmount
1Register Sales, Taxed and Not
Groceries and other untaxed food$8,600.00
Deli food, drinks, beer and other taxed sales$21,400.00
Sales tax collected, 8.25 percent as an example$1,765.50
2Card Batches and Cash
Paid by card: sales and tax, plus $760 in tips$24,560.00
Card fees, taken out of the batches$640.00
26 card deposits, matched to the bank$23,920.00
Cash short for the month, across 26 days$18.00
Cash deposited, after 6 deliveries paid from the drawer and the $18 short$6,797.50
3Vendors and Deliveries
9 vendors, 34 deliveries, invoices recorded$13,900.00
Of those, 6 deliveries paid in cash from the register$1,150.00
4Tips
Card tips, paid out to the counter staff$760.00
5Delivery App Payouts
Delivery app orders for the month$2,900.00
The app’s charges on those orders, taken out$580.00
4 weekly DoorDash payouts, matched to the bank$2,320.00

The Month as the Books Show It

  • Sales tax collected comes to $1,765.50, held for the state, all from the register’s taxed side.
  • The drawer came up $18 short across the month, recorded day by day.
  • $760 in card tips went to the staff and never counted as sales.

These sales tax points come from the Texas Comptroller. This isn’t tax advice: for your own business, read the Comptroller’s pages below or ask your CPA.

The lottery’s weekly sweep and the store’s commission come from the Texas Lottery Commission:

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