What can Accounting & General do for your restaurant business?
Financial control cannot be an afterthought in a restaurant. With poor control over cash, it will disappear. With poor control of your food margin, drinks margin and wages percentage, a profit simply will not be made.
Running a restaurant is an unforgiving business. With so much competition why should customers beat a path to your door? You need to know why and have confidence you are right and relentlessly deliver the product and communicate the message.
We support clients in running all aspects of their restaurant – with as little or much involvement as requested.
Tailored spreadsheets for either annual, quarterly or monthly accounts, Vat or not Vat registered. These give detailed operating statistics for your business. (Manual records still catered for.)
Quarterly Vat returns.
Weekly or monthly payroll, including auto-enrolment pension administration.
Annual accounts including Companies House filing.
Support on specialist issues:
– Administering employee tips – the tronc.
– Calculation of holiday pay for casual seasonal employees.
Commentary on the commercial performance of your restaurant, with input of advice for improvement.
Advice with a financial angle on all aspects of your food product. From menu construction, to dish costing, to wastage control systems.
Key factors for a restaurant considering hiring an accountancy firm…
Qualified (ACA, ACCA), so competent in pure accountancy and taxation, and holding professional indemnity insurance.
The speed of turnaround of monthly accounts for you.
Experience of industry specific tax aspects such as Capital Allowances
Experience of high cash volume businesses for accurate bookkeeping systems.
Experience of food led licensed premises and the financial performance that can be achieved.
Knowledge of the local area and trading differences between locations. Including awareness of local business opportunities.
Contacts and associates in the area for other support services, such as sales agents and legal advice.