SPECIALIST ACCOUNTANCY FOR HOSPITALITY BUSINESSES
Hospitality Accountants Who Understand Your Business
Hospitality businesses operate on tight margins, changing wage costs and constant cash flow demands. Your accountant needs to understand what's happening behind the sales figures, not simply produce your accounts after the event.
Asturias Consultants provides specialist accountancy and business support for pubs, bars, restaurants and other hospitality businesses across the UK, combining everyday financial management with practical commercial advice.
Hospitality Accounting That Goes Beyond Compliance
Keeping HMRC happy matters, but good hospitality accounting should also help you run a better business. We give you a clearer view of margins, labour costs, VAT, cash flow and performance against budget, so you can make decisions using current information rather than waiting for year-end accounts.
Because we understand hospitality, the conversation is about your business rather than accounting jargon.
Understanding the Pressures of Hospitality
Hospitality businesses have their own financial pressures. Labour costs can change week by week, food and drink margins need constant attention, VAT can create major cash flow demands and a busy venue isn't necessarily a profitable one.
We help operators understand the relationship between sales, gross profit, staffing and overheads, giving you a clearer picture of what each part of the business is contributing.
Turnover alone doesn't tell you whether a hospitality business is performing well. We look at the figures behind the sales, including food and drink GP, labour costs, overheads and performance against budget.
That makes it easier to identify where margins are being squeezed, which costs are moving in the wrong direction and where changes could have the biggest effect on profitability.
Staffing is one of the largest costs in hospitality, but simply cutting hours isn't the answer. We help you track wages against sales and budget so you can see whether labour costs are moving in line with the business.
Better visibility helps you plan rotas, understand your wage percentage and identify where staffing costs need attention without losing the service your customers expect.
Small movements in gross profit can make a big difference to the bottom line. We help you monitor food and drink GP separately, so you can see whether pricing, purchasing, portion control, waste or stock losses are affecting your margins.
Rather than simply reporting the percentage, we help you understand what's driving it and where you should look when performance moves away from target.
Support for Multi-Site Hospitality Businesses
When you're operating more than one venue, you need to know which sites are performing and which need attention. We can help you compare sales, GP, wages and profitability across individual locations, giving you a clearer view of the group as a whole.
Consistent reporting also makes it easier to spot differences between sites and understand where better-performing venues are doing something differently.
Want a Clearer View of Your Hospitality Business?
Talk to us about where the business is now, what information you're currently getting from your accounts and where you need better financial control. We'll explain how we can help.