Financial Accounting Review in iiko
Review your restaurant’s financial records in iiko, including transactions, cash flow and reports. Identify errors and receive practical recommendations.
What the service includes ↓About the service
The reports show a profit, yet there is not enough money to cover current payments. This calls for investigation, not an immediate conclusion that the software is calculating incorrectly.
A financial review helps separate two tasks: checking the reliability of the records and understanding the economic reasons behind the situation.
What is checked first?
The starting point is the source data and the way transactions are recorded. Which amounts appear in the reports? What documents support them? Which accounts and categories were used? Are any transactions still waiting to be processed?
The financial review covers account movements, cash flows and reporting. Document workflows and management-report configuration also form part of OpenService’s financial services.
How do you distinguish an error from a real cash movement?
Consider a hypothetical example. A sale has already been recorded as revenue. Payment for that sale later arrives in the bank account. If both transactions are incorrectly treated as separate income, the report will overstate the result.
The reverse situation is also possible: money has genuinely been spent on increasing stock. In that case, a lower cash balance does not, by itself, prove that the records are wrong or that sales are unprofitable.
The review needs to establish links between transactions, not simply compare final totals.
What does the owner receive?
The outcome is a list of identified errors and risks, together with a sequence of recommended actions. Confirmed issues should be distinguished from questions that cannot yet be resolved because supporting documents are missing.
The practical aim is to establish which figures are already suitable for decision-making, which require clarification and which control procedures need to change. iiko’s reporting tools are most useful when management understands the underlying data.
This service reviews management accounting. It does not provide an auditor’s opinion on financial statements.