Restaurant & Hospitality Industry
A-Plus Bookkeeping hospitality solution helps restaurants, catering organizations, resorts and hotels to improve profitability, optimize human capital, build employee and guest loyalty, manage finances, streamline business processes and control the costs of materials. You can improve back-end and customer-facing business performance through practices you can follow with the help of our industry-specific solution.
Our Services for the Restaurant and Hospitality Industry:
We constantly provide you updated information crucial for your business through a service that connects to your point-of-sale system and analyses your sales versus your expenses in the format you require.
Accounting, Control and Bookkeeping
General ledger, accounting, payroll, accounts receivable and accounts payable and invoice processing are among the restaurant accounting services we provide. You can access financial statements such as cash flow reports and profit and loss statements at any time through our password protected website.
We guarantee your peace of mind and optimum profits for your company by putting in place detailed external and internal control systems.
You can compare your business day-to-day, week-to-week or for any other current time period against a prior period of time through an analysis to determine the profitability of any part of your business through the analysis we provide you.
You can compare actual figures against a budget to find out if your business is going the way you want it to or requires adjustments, based on inputs from a system we can set up for you.
Selecting And Setting Up Bookkeeping Software
Regardless of whether your hospitality business is new or well-established, it’s important to ensure you have the right invoicing software to suit your unique requirements.
Your bookkeeping software must have all the functionalities your business needs, and should also be correctly setup to allow your bookkeeper to prepare the financial reports that will allow them to provide you with important business advice.
For example, most hospitality businesses will need a bookkeeping system that includes point of sales (POS). These systems cut out data entry time, and provide sales reports and other basic information at the click of a button.
Without this, it’s difficult to discover even simple information, such as the number of sales for each individual menu item. Information is crucial to your business’s success. If you don’t choose the right system for your business, you’ll waste time and money, or risk running your business blind.
Although we can make generalisations, there is no one-size-fits-all in bookkeeping software for hospitality businesses, even from one café to another, or one motel to another. Your bookkeeper will advise you on choosing the right bookkeeping software for your business’s unique needs. They will also assist you with setup.
Get In Touch
If you want peace of mind and your complicated accounting processes are being taken care of, your business is fully compliant and tax and returns are being paid and submitted on time, get in touch with our accountancy team today.
Call us now on 0411 373 032 or alternatively, drop us an email at email@example.com and we will get back to you as soon as we can.