Looking for a hospitality administration and accounting firm? When you outsource your accounting to Practical, you have real-time insights into your business from anywhere and at any time.
Where you used to gather information from physical documents, this is now done online. With the help of the latest technologies, it’s possible to manage based on real-time information in hospitality administration.
Looking for a Hospitality Accountant?
A hospitality accountant helps you organize and maintain your records. This not only tells you where you stand but also whether you can finance new plans, for instance. We’re also happy to advise you in this regard. Do you have questions about obtaining financing or need general financial advice? A hospitality accountant can assist you with that.
We’re not just a hospitality accountant. We do more than just bookkeeping and hospitality administration. We’re also here for legal and tax advice. We’re your personal sparring partner and are always available, even on weekends. If we see opportunities or if there are new laws and regulations that could potentially impact the industry, we proactively get in touch with you. With a hospitality accountant, you’re always informed and can get the most out of your business.
Our Professionals Handle Hospitality Accounting
Hospitality accounting and supporting a hospitality entrepreneur require specialized knowledge of the industry. Our tailor-made solutions ensure that as a hospitality entrepreneur, you no longer have to worry about your administration on a daily basis. Since we can link information to a single platform, you have daily oversight of your hospitality accounting, and our staff updates the information on a daily basis.
With our hospitality accounting software, you don’t need to do the bookkeeping yourself, and all information is presented clearly in your hospitality accounting. With real-time insights, you can base your decisions on facts and focus on your business. In addition to taking care of hospitality accounting, we also provide tax advice. As soon as something changes in the laws and regulations related to hospitality accounting, our specialists are the first to know, and as an entrepreneur, so are you. We also provide financial and entrepreneurial advice. By focusing on hospitality accounting, we help your business grow, allowing you to focus on other important aspects of running your business.
Directly Linked Cash Register Integrated into Hospitality Administration
To gain insight into the numbers, it’s essential that cash statements are processed in detail within hospitality administration. We link your cash register system to the financial administration, so data only needs to be entered once. When we also handle payroll administration, we link time registration directly to planning and leave registration. Purchase invoices, bank statements, and other documents can also be submitted digitally. By outsourcing hospitality administration, you save time and costs and gain valuable insights.
Real-Time Margin Insights per Revenue and Cost Group
What is the revenue from your beverages, or what is the kitchen’s waste percentage? Cost price calculations for dishes and links to the cash register are essential for efficient hospitality accounting. By booking everything by revenue and purchase group, you have real-time insights into your costs and revenues, allowing you to steer the team towards areas where additional profit can be made.
Hospitality Payroll Administration
Payroll administration in hospitality is often seen as a complex task. Few sectors have as much flexible work as hospitality. Many part-timers and on-call workers are employed in hospitality, all of whom are paid based on the number of hours worked. It’s often challenging and complex to keep track of this yourself, which is why we also handle hospitality payroll administration. We’re happy to advise on the working conditions scheme (WKR) and employee compensation.
Outsource Your Hospitality Administration to Practical
As an office, we can offer a comprehensive solution as an accountant for hospitality, not only to maintain your hospitality administration but also to provide tax and legal advice and take care of hospitality payroll administration. Finally, we also prepare your annual financial statements and review them. Are you subject to a mandatory audit? You can also rely on us for financial audits and controlling. This way, you have one point of contact for all financial matters.
Curious about how entrepreneurs can maximize the discussed topics? Read more in our blogs and discover the keys to up-to-date insights and solid financial management, where our office does more than just accounting. Whether it’s tax benefits, payroll administration, or optimizing your accounting, we have the insights you need. Contact our specialists today for a personal advisory session. Discover how we can help you optimize your financial strategies and achieve relationship insight so you can steer based on facts rather than assumptions.
