Download
Period End Journal Entries for Restaurants
Period End Journal Entries can be used at the end of each accounting period to help standardize and expedite the monthly accounting period closing process.
A routine procedure can be established by a bookkeeper and maintained by an administrative assistant or a management person.
The downloadable PDF can serve as a guide to setup your own custom list of monthly recurring journal entries.
Summary of Features & Benefits:
- Recommended by the NRA Uniform System of Accounts for Restaurants (USAR)
- Can be easily customized to reflect your unique journal entry requirements.
- Use this form to establish your own list of monthly journal entries to maintain consistency and to avoid missing any entries.
- Typical adjusting entries are listed below and explained in detail on the PDF download:
- Current Period Inventory Values
- Reverse Previous Period Inventory Values
- Reallocate Cost of Complimentary Sales & Discounts
- Record Transfers Between Departments
- Reallocate Inclusive Sales Tax
- Record Credit Card Fees and Bank Service Charges
- Reverse Prior Month Payroll Accrual
- Record Current Month Payroll Accrual
- Record Monthly Accrued Expenses
- Allocate Depreciation and Amortization Expenses
- Amortize Prepaid Expenses
Download the Period End Journal Entries for Restaurants
Preview
This form is available in the following formats. You must have a compatible program installed on your computer to use them.
Click to Download Adobe PDF format
