Hospitality

Accounting for Restaurants, Bars and Hotels

Hospitality businesses run on thin margins, long hours and a great deal of daily activity. Cash, cards, tips, deliveries and shifting schedules all land in the books, and small errors add up quickly. We help owners and managers keep that activity organized and understandable.

Where we can help

• Daily sales and deposits. Tying point-of-sale reports to bank deposits so nothing goes missing.
• Cost tracking. Reviewing food, beverage, supplies and labor costs against sales so you can see trends.
• Payroll and tips. Handling hourly staff, tipped employees and related reporting. See our payroll service.
• Sales and other taxes. Keeping filings accurate and on time.
• Inventory and purchasing. Setting up practical ways to account for what you buy and use.
• Equipment and build-out. Planning how improvements and purchases are treated for tax purposes.

Seasonal and uneven cash flow

Many hospitality businesses have slow months and busy ones. We can help you project cash needs, set aside money for taxes and talk through financing before you need it, not after.

Multiple locations and owners

Opening a second location or bringing in partners changes the accounting. We can help you structure the entities, keep each location's results separate and prepare statements that make sense to everyone involved. Our new business formation page covers starting out.

Your books, your system

Many operators track their finances in QuickBooks. If yours does, we can help with setup or a tune-up so the reports match how a restaurant, bar or hotel actually works. We also prepare your business tax returns.

Planning ahead

We meet with owners before the year ends to look at results, estimate taxes and decide on purchases or hiring. Planning early leaves more options than finding out in April.