Restaurants, Hotels and Bars

Issues for Restaurant and Leisure Businesses

• The cash nature of the industry and the volume of transactions means record keeping is hard work.
• Increased risk of fraud, so the need for tight budgeting, management accounts and planning is essential.
• The complex nature of demand, trends, supply chains and costs
• Cash flow problems are common
• HMRC keeps a close watch on businesses in the industry
• Employment law issues – compliance, staff problems and high staff turnover can be problematic, as can payroll when you have staff on flexible employment terms such as zero-hour contracts or contractors
• Strong need for a clear and compelling business plan

Xero Specialists

We’re also a certified Xero accountant and can help you automate a lot of your bookkeeping, invoice processing and supplier payments. We can also help you to migrate to Xero from another software package and help you train your team to use it.

We also regularly commission bespoke research into the industry, and have helped our clients analyse their business to help maximise capacity utilisation and margins. Our Business Consultants are industry specialists, so you can expect accounting expertise and commercial advice all under one roof.