Hospitality Accounting Services

We offer virtual head office services for managing their backend operations online. We blend our accounting & bookkeeping services, so you have the data & the insights to improve your company’s financial health. Whether it’s an incorrect balance sheet, general ledger, or misplaced purchase order, we’re here to help you stay on top of due dates for bills, invoices, & track cash flow. For expansion and growth, we do assist in menu engineering and operations. Also managing the employees and their payroll can be taken care of by us.We help with following things in your hospitality business-

• Accounting & Bookkeeping
• Bank Reconciliation
• Trial Balance, Balance Sheet & Profit and Loss Account
• Cashflow reporting
• VAT & Excise Laws Compliances and Advisory
• Vendor Reconciliation
• Accounts Payable & Receivable reports
• Payroll Processing as per UAE labour laws

With proper recording of all the transactions done in your business by our bookkeepers, we also prepare reports and provide analysis on basis of that. Business intelligence reports are a part of our deliverables. It helps in determining your cost of goods sold, inventories and how you can maximise your sales based on the analysis done. We do following things for your hotel/restaurant/café-

• Cost of Sales report (prepared on the basis of detailed accounting of procurements done in the business)
• Sales Analysis
• Sales Mix Analysis
• Inventory management which includes stock evaluation and Stock variance reports
• Cost management and Variance Reports
• Validation of Trade details
• Checking of procurements and vendor accounts
• Checking on other operational expenditures
• Menu Engineering which means helping you in reworking or preparing a new menu for the restaurant/hotel/café

After we have prepared reports and have done analysis on what and how business should be, there is a constant process of enhancing the already present system and technology. Optimising available Enterprise Resource Planning system or POS system would benefit the business to be more efficient in less costs. We also try to optimise below things-

• Analysis of current POS and Inventory management systems
• Optimization of ERP system already implemented
• Identifying an appropriate ERP system if there is none at present
• Training to existing staff members for effective use of technology
• Defining a dedicated process to increase business efficiency