THE SETUP OF ACCOUNTING SYSTEM SET UP FOR THE RESTAURANT SERVICE BUSINESS

Abstract

This academic article aims 1) to study accounting system concepts for restaurant service businesses and 2) to demonstrate accounting system layouts for various types of restaurants. A well-established accounting system will facilitate smooth operation, accurate data in accordance with accounting policies, and produce accurate and reliable financial statements. This data can be used to calculate tax figures and prepare tax reports in accordance with the Revenue Code. A major current problem is the lack of accountants and the unawareness of the business's actual business situation. This leads to a lack of understanding of value-added tax (VAT) or withholding tax. This leads to a lack of systematic income and expense classification in business documents, the inability to know which expenses are deducted for which taxes, or the absence of supporting documentation for salary payments. Furthermore, businesses may have inaccurate accounting systems, potentially leading to the creation of multiple accounts to evade taxes. This article analyzes data through case studies of various types of restaurant accounting systems. The results indicate that a well-established accounting system will facilitate smooth operation, accurate data in accordance with accounting policies, and produce accurate and reliable financial statements in accordance with the Revenue Code. The expected benefits of this article are to provide guidelines for restaurant accounting systems and procedures appropriate for each type of restaurant business, as well as to create a prototype that can be applied to all types of restaurant accounting systems.