is an experienced bookkeeping firm with an extensive

background in the hospitality industry. We are unique be-

cause we understand all aspects of operations from the

front-of-house to the back-of-house.

Our CEO, Neeta Hemlall has spent the past 12 years in the

food service and hospitality industry as a CFO, Control-

ler, and VP of Operations. While holding these positions

she developed a labor budget variance analysis, which was

implemented at numerous restaurants, and yielded labor

savings in excess of $5MM. As technology changed, she

introduced methods using the web to help drive sales.

Mrs. Hemlall holds a Masters in Accounting from Long

Island University. She is a certified QuickBooks Pro, a

member of AICPA (American Institute of CPA’s), AIPB

(American Bookkeeping Professionals), and the New York

State Restaurant Association. Her deep knowledge base

allows us to control cost and help drive sales!

It is more essential than ever to have inventory and labor

controls in place to ensure your business is running effi-

ciently. Our financial and operational background exper-

tise lies in accounting systems, cost controls, budgeting,

forecasting, cost accounting, financial statements and

cash flow improvement.

Neema Consulting replaces the guesswork and inefficiency

with proven and reliable business models. Outsourcing

your back-of-house operations to NeeMa Consulting en-

ables your organization to dedicate more time, energy, and

financial resources to your business operation. As well as

saving on expenses such as payroll taxes, office supplies,

health insurance and the countless hours of hiring and

training new employees.

We schedule site visits at no additional cost, to discuss

everything from cash flow management to vendor price

changes. Our fees are a fraction of the costs of hiring an

in-house bookkeeper or comparable services!

t h e p r o c e s s

weekly cash flow projectionAdequate cash flow is essential to the sur-

vival of a business. This template can help

you predict whether your business will

have enough cash to meet its obligations.

It’s an important tool for cash flow manage-

ment, letting you know when your expendi-

tures are too high or when you might want

to arrange short term investments to deal

with a cash flow surplus. This report focuses

on weekly sales trends and what the esti-

mated cash inflows and outflows would be

at the end of each week for a 3 week period.

This report is generated on a weekly basis.

monthly management analysisOwners and managers require financial

statements to make important business de-

cisions that affect its continued operations.

Financial analysis is performed on these

statements to provide management with a

more detailed understanding of the figures.

The goal in analyzing financial statements

is to assess past performance and current

financial position and to make predictions

about the future performance of a com-

pany. This template highlights areas that

need your attention such as the decrease in

sales or and increase in an expense. It ana-

lyzes the three major financial statements:

income, balance sheet, and cash flow, then

notes are provided to explain any changes.

This report is prepared on a monthly basis

and is discussed with management by the

10th of each month.

c u s t o m i z e d r e p o r t i n g

daily tip declaration sheetThis template is designed to help servers

easily calculate the portion of tips they

will share with bartenders, bussers, or other

workers that share tips. This form will also

make it easier for employees to declare

their gratuities to the IRS and can assist

with completing the IRS Form 8027. It also

serves as a Tip Declaration Record. This

report is customized to reflect your own

unique tip sharing program. There is one

sheet for each day and each shift. All the

sheets for a pay period are summed up to

one sheet so that the numbers can be easily

recorded on the payroll records.

inventory count varianceA physical count variance is the difference

between the actual quantity or volume of

an inventory item counted during the per-

formance of physical inventory count and

the quantity shown in the inventory records.

While it is not unusual that in every physical

count a variance may occur, it is important

to be able to obtain physical count variance

information by means of a variance report.

This variance report is prepared to record

and help rectify inventory control prob-

lems. As most, if not all, organizations re-

quire that variances be kept at acceptable

levels, this report can be used as the basis

for management to demand that unfound-

ed variances be investigated and the cause

be determined and resolved.

s e r v i c e pa c k a g e s

• Installation and Setup of Computerized

Accounting Software (QuickBooks)

• Monthly Sales Reconciliation

• Record Sales figures from POS

into accounting system

• Monthly Bank Reconciliation

• Monthly Meetings to review financial

statements

• Monthly Financial Reporting Package

• Income Statement

• Balance Sheet

• Cash Flow Statement

• General Ledger

• Sales Trend Report

• Coordinate and provide data for Annual

Reviews with your Accountant

• Installation and Setup of Computerized

Accounting Software (QuickBooks)

• Daily Sales Reconciliation

• Record Sales figures from POS

into accounting system

• Accounts Payable

• Invoice Entry

• Disbursement of Vendor

Payments

• Vendor Communications

• Monthly Bank Reconciliation

• Monthly Meetings to review financial

statements

• Monthly Financial Reporting Package

• Income Statement

• Balance Sheet

• Cash Flow Statement

• General Ledger

• Sales Trend Report

• Coordinate and provide data for Annual

Reviews with your Accountant

• Sales Tax Reporting and Filing

Our Packages can be customized for your Company’s specific need

• Installation and Setup of Computerized

Accounting Software (QuickBooks)

• Daily Sales Reconciliation

• Record Sales figures from POS

system into accounting system

• Accounts Receivable

• Maintain up-to-date billing system

• Collection and allocation of payments

• Investigate and resolve customer

queries or credit card chargebacks

• Accounts Payable

• Invoice Entry

• Disbursement of Vendor Payments

• Vendor Communications

• Payroll Process in conjunction with a payroll

processing company

• Enter new hires into the payroll

system

• Record weekly time sheets into

payroll system

• Maintain time and attendance records

• Audit quarterly payroll tax returns for

accuracy

• Weekly Cash Flow projection

• Weekly Bank Reconciliation

• Weekly Meetings to discuss operations,

cash flow projection and review financial

statements

• Monthly Financial Reporting Package

• Management Analysis of financial statements

• Income Statement

• Balance Sheet

• Cash Flow Statement

• General Ledger

• Sales Trend Report

• Sales Tax Reporting and Filing

• Coordinate Monthly or Quarterly Reviews

with Accountant

a d d i t i o n a l s e r v i c e s

inventory controls, costmanagement, and purchasingInventory control is one of the greatest fac-

tors in a company’s success or failure. This

part of the supply chain has a great impact

on the company’s ability to manufacture

goods for sale or to deliver customer sat-

isfaction on orders of finished products.

Proper inventory control will balance the

customer’s need to secure products quickly

with the business need to control warehous-

ing costs. To manage inventory effectively, a

business must have a firm understanding of

demand, and cost of inventory.

front of houseoperational techniquesFor food and beverage businesses, the

customer is their greatest resource. All

functions and services that a business of-

fers are all geared toward catering to the

customer. However, some businesses can

fail to maximize the revenue potential of

customers. This issue can be alleviated

through the use of proper selling tech-

niques. When staff utilizes suggestive sell-

ing techniques throughout their interaction

with customers, food and beverage busi-

nesses realize increased revenue streams.

pos (point of sale) systemprogramming & managementAre any components of the system difficult

to use, or not working the way you thought

they would? POS systems can be expensive

and time consuming when there are system

issues. Sometimes businesses don’t spend

the necessary time to find the right system.

The purchase usually results in buyer’s re-

morse with confused employees or expen-

sive features that aren’t being utilized.

budgeting and forecastingA pilot would never fly a plane from Los

Angeles to New York without a flight plan.

Yet all too often, small business people

open their doors without clear plans to help

them get where they want to go. One of

the easiest ways to get there—wherever

that is—is by creating a budget and sales

forecast.

quickbooks set-up & trainingWant to switch to QuickBooks but don’t

know where to start? We know! Give us a

call and we’ll not only setup your Quick-

Books company data file, we’ll also enter

historical data and reconcile accounts. Many

try to setup their QuickBooks manually tak-

ing many days and sometimes weeks, but

we can save you time and money doing this

task for you. We have a skilled staff with

advanced knowledge in both QuickBooks

setup and accounting.

tip declarations & reportingAs if the restaurant business was not hard

enough, complying with IRS tip reporting

rules is one of the most critical and impor-

tant tasks facing restaurant owners! This is

truer today than a decade ago as the IRS is

accelerating its efforts to capture previous-

ly lost revenue in the form of income and

FICA (Social Security & Medicare) tax. As a

restaurant owner you should therefore be

aware of your responsibilities regarding the

reporting of your employee’s tips.

The HR department in any company can be its ace in the hole, if used strategically. HR is a company’s

human resource multiplier. The functions of an HR professional should focus on the company’s greatest

resource of all—its employees. Without good employees, the best business plan and ideas will fail.

In your business there are experts to oversee and advise you on various areas and departments.

For example, your CFO’s sole purpose is to keep their eye on the financial functions and decision for

the company. Without good accounting and insight on your cash flow, investments, and balance sheet

you risk making poor business decisions. Just as the financials are the foundation of your business, we

must not forget that your employees are your greatest assets. That’s why MAGNUS is here to support all

your HR needs. The reasons why HR is important can vary depending on if you look at the issue from a

manager or employee perspective.

h u m a n r e s o u r c e sa d m i n i s t e r e d b y m a g n u s c o n s u lt i n g

pre-opening hr servicesWe ensure that all Human Resource criteria are

met for a new location. Services include a com-

plete location assessment, pre-employment doc-

umentation, new hire paperwork, insurance, HR

forms, HR Documents, State/ Federal poster re-

quirements & Filing Requirements. When open-

ing a new location you have enough to worry

about, let us take care of you!

project managementWe offer a full range of project-based services

that provides you with flexibility without hiring

additional personnel when needed. Since these

services are delivered to you on a project-based

platform we work with you to determine not only

the scope of services but, also your timeframe &

budget.

sample pm services include:• Development of Job Description

• Employee Handbook Review

• Employee Handbook & Policy Development

• HR Compliance Audit & Assessment

• Benefit Plan Design

day-to-day hr administrationhr administrative services• Labor Law compliance

• Wage & Hour compliance

• Employee Relations

• New hire processing & compliance

• Workers compensation claims

management &

administration

• Unemployment claim processing

benefits administration• Benefit Plan Design

• Bill Pay Invoice

• Add/Terminate enrollees

• Cobra Administration

• HRA/HSA/Flex spending administration

• FMLA (Family Medical Leave Act)

Administration

• STD (Short Term Disability), LTD

(Long Term Disability)

• Life Insurance Administration

• 401k Administration

• Transit cheks

outsourced hr servicesIdeal if you do not have the resources of a

dedicated HR professional or department. It

allows you to focus on your core business in-

stead of managing the HR function.

hr consultation & adviceSituations can arise when you need the

advice of experts. We are available on an

Hourly, Retainer or Project basis to provide

technical assistance on issues confronting

your business.

390 Myrtle Ave. Suite 2

Brooklyn, NY 11205

PHONE: 212-537-9406

FAX: 212-214-0941

EMAIL: info@neemaconsulting.com

WEBSITE: www.neemaconsulting.com

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