Restaurants, Retail, and Service Industry Accounting Services

Running a restaurant, shop, or personal‑service business means balancing customer experience with tight control over costs, staffing, and compliance. Nichols Accounting provides Restaurants, Retail, and Service Industry Accounting, giving owners clear insight into inventory, labor, and daily cash so they can focus on great service and steady profits.

Clear Bookkeeping & Tracking

Running a restaurant, retail store, or service-based business means juggling inventory, sales, staffing, and day-to-day expenses. Nichols Accounting provides accurate, up-to-date bookkeeping that helps you stay on top of all of it. We track sales activity, reconcile accounts, and categorize transactions so you have a reliable view of how your business is performing.

With clean financials in place, it becomes easier to monitor cash flow, spot trends in sales volume, and understand the impact of rising costs on profitability. While we don’t manage your inventory systems directly, we help you account for your inventory assets and cost of goods in a clear, consistent way—so your financial records reflect the realities of your operation. You’ll spend less time sorting through receipts and more time making informed decisions.

Fractional CFO Services & Cost of Goods Insight

Many small business owners know their margins are tight but don’t always know where the leaks are. Through our Fractional CFO services, Nichols Accounting provides the strategic insight you need to understand your cost of goods sold and how it’s impacted by variables like vendor pricing, portion control, or service mix.

We review your financial statements in detail, highlight trends or inconsistencies in COGS, and help you identify ways to optimize gross margins over time. Whether it’s evaluating menu pricing, analyzing supplier costs, or modeling the financial impact of a new promotion, our CFO support gives you a clearer path to profitability. Regular check-ins keep you accountable to your financial goals while giving you the flexibility to pivot when needed. It’s like having a financial expert on call—without the full-time cost.

Sales Tax, Payroll, and Compliance

Frequent pay rate changes and tip‑credit rules complicate payroll and sales‑tax filings. Our team monitors state and local requirements, files returns on schedule, and maintains audit‑ready records of tip allocation and service‑charge distribution. 

Sales and use tax filing questions? We have experts. 

We also specialize in complex payroll with tools to manage employees and data, payroll, and payroll tax compliance, and all the things in between, to manage your core team, seasonal staff, and sub-contractors. 

Accounting Services

Tax Prep and Planning

Fractional CFO

Reviewed and Audited Financial Statements

Booking and Accounting

Virtual Controller

Payroll and HR Services

Ready to Serve Up Better Margins?

Reliable inventory counts, labor controls, and compliant filings keep profits healthy. Nichols Accounting will streamline your books so you can focus on customer satisfaction.

Here's how it works:

1. Schedule a Call

Fill out our simple contact form or give us a call.

2. Discuss Your Goals

We'll talk through your current challenges and long-term vision.

3. Build a Roadmap

Together, we'll outline the most efficient path to your financial success.

4. Get Started

Our expert team will handle the details so you can focus on growing your business.

Why Choose Nichols

Industry Tools:

We configure POS, inventory, and payroll integrations that cut manual work and reduce entry errors.

Real‑Time Labor Data:

Live dashboards let managers adjust staffing before costs rise.

Margin Focus:

Item‑level cost tracking highlights profitable menu or product lines.

Full Compliance:

Timely filings and accurate records minimize penalties and audit risk.