Australia - Wide Accounting, Bookkeeping & Hospitality Business Consultancy Services | Ballarat & Sunbury Melbourne Xero Accountants

Accounting for Hotels & Bars

Hotel operations are unlike any other business operations. Hoteliers not only have to comply with GST, PAYG, BAS, superannuation and stock-takes, they also have to face heavy regulations on liquor licensing, food handling, council permits and even have to please neighbours. Hotel operators also need to contend with seasonal trade, irregular hours, casual employees and a mix of dry and wet goods. If you are a hotelier, it is ideal to get a hotel consultant or accountant who understands how the hotel industry works.

Since 2004, Jamie Johns and the Sky Accountants team have mentored plenty of hotel owners and managers through the different stages of their business cycle. We help hotels from start up to sale of the business and provide them with full accounting services that separate and analyse several departments such as the bistro, bar, gaming area, TAB, shop, etc.

Sky Accountants have built a good reputation as business start-up and hotel consultants. If you are looking to start or buy a hotel, one of our senior client managers can help you through the issues you’d have to consider. You would need to establish the most suitable business structure, complete tax registrations and choose among insurances, accounting software systems and even finance options. It can get a bit complicated but as hotel accountants and business consultants, we can assist you and provide tips on preparing for a business plan, cash flow budget and marketing plan. Sky Accountants can also assist with your payroll and superannuation guarantee and WorkCover obligations.

Sky Accountants offer decades of experience, technical tax knowledge and a full understanding of the industry to get your business off to a great start. Build solid foundations and start with the end in mind. It’s important to decide early whether your business should be registered as a sole trader, partnership, company or trust as Australian tax laws are complex and you might need to pay for expensive capital gains taxes if you change your business structure in the future.

Accountant for Hotel

You also need to consider income tax minimisation, maximising asset protection, allowance for the admission of new business investors or partners, legal compliance in the industry, risk profile of the industry, future entitlement to tax discounts and concessions.

You need to choose the best accounting software for your business to avoid one of the biggest causes of business failure in Australia – poor record keeping. To make sound business decisions, you need accurate and updated financial records. If you don’t have the right software, records can waste time, create unnecessary fees and frustration.

Sky Accountants make sure that we go over and beyond as your hotel accountants and business consultants – we recommend the best cloud-based accounting software for your business for your convenience. This will allow you to access your accounts with your accountant and bookkeeper and get valuable support and advice in real time. Simply use a PC, Mac or mobile phone to view your data, which is automatically backed up and updated without you even having to install a thing.

Accountant for Hotel

You need to account for all your start-up expenses such as tools and equipment, software and hardware, consultation fees, marketing and signages and transportation costs. It’s important to identify all costs to determine your cash flow budget and produce a projected profit and loss statement on the first year of business. These can also help with funding, business registrations, legal issues, insurance, branding, etc.

If you are buying a hotel, you will often use your vehicle and it’s important to learn about the different ways you can claim your vehicle expenses. Our finance division can assist with chattel mortgage, CHP or leasing which can potentially save you money. Our team of hotel accountants and hotel consultants can also help you source funds for the purchase of a business, equipment or franchise.

You don’t need to guess your decisions when starting a business because we have the tools and resources to help you get off to a great start. As accountants, we analyse financial models, calculate projections, compare performance against industry benchmarks and competitors based on various price points so you know the best and worst case scenarios of your business profit-wise and what areas you would need to work on.

Hotel Accountant

The accounting industry can be competitive and we know local firms have big firm capabilities as well. Hoteliers often just depend on their brand’s reputation and clients’ referrals to grow the business but we recognise the importance of digital marketing in this day and age. Our team of hotel accountants and hotel consultants have helped hotel owners identify the key profit drivers of their business and walked them through numerous profit improvement strategies and quantify the potential of their business. We make sure you know your numbers and not leave anything unaccounted for.

Sky Accountants provide start-up business advice for people who want to buy a hotel, advice on the purchase or sale of a hotel business, hotel business checklists and templates, assistance in business structure, tax registrations, business plans, cash flow budgets and profit projections, selection and training of accounting software. We also offer bookkeeping services, invoicing, payroll and quotes, financial statement and finance application preparations, tax planning, wealth creation and financial planning strategies, management and benchmarking of KPIs, monitoring of labour costs, survival strategies, insurances and succession.

Accountant for Hotel

We are more than tax accountants and see ourselves as profit and business builders with the goal of giving you a solid competitive edge in the hotel and bar industry. Grow your business and schedule a complimentary, one hour consultation with our hotel accountants and hotel consultants to discuss your business needs and goals. We guarantee an hour of practical tax, business and financial advice that can significantly affect your business. Work on a business that’s valuable, profitable and saleable.  

Need a bit of assistance with your hospitality business? Contact a Sky Accountants representative today and learn more about our fixed fees. You won’t regret it.

Some of our clients include Buckley’s Entertainment Center, Ballarat Leagues Club, Daylesford Hotel, Bacchus Marsh Golf Club, Campbell Point House, Midlands Ballarat, The Urban Newtown, Maryborough Midland Society, Brink Drinks, Dontek, UV Wraps and many more.

Aside from hotel business consultation, we also offer hotel accounting, hotel bookkeeping, back office, SMSF and POS services designed to help you achieve greater financial success.

You can click here to speak to a businessaccounting and bookkeeping firm. We also offer hospitality business consultation and mortgage services. We will give you a call to know more about your needs. We will explain to you how we can improve your business.

Email Address: info@skyacc.com.au

Business Accountants
Ballarat | Ballarat Accountants | Ballarat Accounting Firms | Ballarat
Bookkeeping Firms | Ballarat Bookkeepers | Restaurant Accountants in Ballarat |
Accountants for Manufacturing Business in Ballarat | Farm Accountants in
Ballarat | Accountants for Medical Professionals in Ballarat | Accountants for
Tradies in Ballarat | Company Accountants in Ballarat | Company Bookkeepers in
Ballarat | Casino Accountants in Ballarat | Spa Accountants in Ballarat |
Cafe Accountants in Ballarat | Hotel Accountants in Ballarat | Accountants for
Builders in Ballarat | Ballarat SMSF Accountants | Xero Accountants Ballarat |
Ballarat Mortgage Broker | Ballarat Financial Advisers | Accounting Services
Ballarat | Bookkeeping Services Ballarat | Accounting Firms Ballarat

Phone: 1300 328 855
Office Address: 
902 Howitt Street, Wendouree, Victoria 3355, Australia
Postal Address: PO Box 2234, Bakery Hill, Victoria 3354

Business Accountants
Melbourne | Melbourne Accountants | Melbourne Accounting Firms | Melbourne
Bookkeepers | Melbourne Bookkeeping Firms | Restaurant Accountants in
Melbourne | Accountants for Manufacturing Business in Melbourne | Farm
Accountants in Melbourne | Accountants for Medical Professionals in Melbourne |
Accountants for Tradies in Melbourne | Company Accountants in Melbourne |
Company Bookkeepers in Melbourne | Casino Accountants in Melbourne | Spa
Accountants in Melbourne | Cafe Accountants in Melbourne | Hotel Accountants in
Melbourne | Accountants for Builders in Melbourne| Melbourne SMSF Accountants |
Xero Accountants Melbourne | Melbourne Mortgage Brokers | Melbourne Financial Advisers
| Accounting Services Melbourne | Bookkeeping Services Melbourne | Accounting Firms Melbourne

Business Accountants
Sunbury | Sunbury Accountants | Sunbury Accounting Firms | Sunbury Bookkeeping
Firms | Sunbury Bookkeepers | Restaurant Accountants in Sunbury |
Accountants for Manufacturing Business in Sunbury | Farm Accountants in Sunbury
| Accountants for Medical Professionals in Sunbury | Accountants for Tradies in
Sunbury | Company Accountants in Sunbury | Company Bookkeepers in
Sunbury | Casino Accountants in Sunbury | Spa Accountants in Sunbury |
Cafe Accountants in Sunbury | Hotel Accountants in Sunbury | Accountants for
Builders in Sunbury | Sunbury SMSF Accountants | Xero Accountants Sunbury |
Sunbury Mortgage Brokers | Sunbury Financial Advisers | Accounting Services Sunbury
| Bookkeeping Services Sunbury | Accounting Firms Sunbury

Business Accountants
Gisborne | Gisborne Accountants | Gisborne Accounting Firms | Gisborne Bookkeeping
Firms | Gisborne Bookkeepers | Restaurant Accountants in Gisborne |
Accountants for Manufacturing Business in Gisborne | Farm Accountants in
Gisborne | Accountants for Medical Professionals in Gisborne | Accountants for
Tradies in Gisborne | Company Accountants in Gisborne | Company Bookkeepers in
Gisborne | Casino Accountants in Gisborne | Spa Accountants in Gisborne | Cafe
Accountants in Gisborne | Hotel Accountants in Gisborne | Accountants for
Builders in Gisborne | Gisborne SMSF Accountants | Xero Accountants Gisborne |
Gisborne Mortgage Brokers | Gisborne Financial Advisers | Accounting Services Gisborne
| Bookkeeping Services Gisborne | Accounting Firms Gisborne

Phone: 03 97444522
Sunbury Office Address: 
Suite 13, 33-35 Macedon Street, Sunbury, Victoria 3429,
Australia

Gisborne Office Address: 
45 Hamilton Street, Gisborne, Victoria 3437, Australia

Postal Address: PO Box 270
Gisborne Victoria 3437