Restaurant Accountant Services

Running a successful restaurant requires not just making good food or having a welcoming interior but also managing and controlling costs. Having accountants in your corner who understand the restaurant business is invaluable.

 

The restaurant sector has a unique set of variables not found together in any other business area.

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* Managing Cash Sales (extra time required counting, securing and lodging)

* Stock Control issues (wastage, portion control, theft)

* Skill requirements (you need people who know how to produce your menu)

* Labour Costs (it’s a labour-intensive business)

* Legislation (VAT, Food Safety, Health and Safety, the Working Time Directive)

* Variable demand (predicting demand is difficult)

* Production control (will the chef work to your recipes, and costings)

* Competition (competition is everywhere not least because it’s easy to start a food outlet)

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Standard Accountancy systems are not built for the restaurant business, and can’t accommodate the specific challenges of this sector.

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At Hospitality Accounting Solutions, we understand the restaurant business, we understand the difficulty you may have in contending with the competing nature of these business variables and we can build you a control system that will allow you to manage these challenges.

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Monthly management reports will highlight any variances against your business plan on a timely basis then variance analysis will offer suggestions for corrective action.

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