Cafe Bookkeepers

 

Operating a café can be difficult. While it’s a business with plenty of both good and hard luck stories, there are several things you can do to improve your chances at success. People dream of opening a café but the reality of running one often comes as a surprise. However, owning a café can be most rewarding even if the business is tough, but you must ensure that you do your café bookkeeping and café accounting correctly.

When starting a café, you should do extensive market research and pre-launch planning and preparation. Make sure you create effective marketing and promotions and unique design for menu efficiencies. Think of ways to diversify and most importantly, set up financial reporting systems and processes.

In the café industry, people are not always proficient in numbers because they’re in the business of creating experiences for people. However, if owners would just work on the numbers at the start, they may be in a better position. Hospitality is often romanticised and spreadsheets aren’t really very interesting but mock pay runs and planning your overhead early on are very important. Pay attention to your café bookkeeping and café accounting.

Another common pitfall for café owners is not having enough storage. Remember that having adequate storage can dramatically reduce wastage and improve running costs. It is ideal to have your trustworthy café accountant, bookkeeper or business consultant to help you avoid these common pitfalls.

Cafe Bookkeepers

The café industry is currently very crowded and owners need to stand out and think of what they can offer that nobody else can. It’s a very competitive business. Cafes often find a point of difference in food so make sure you offer exceptional food.

Customers love to have a variety of choices in the menu but if you choose to offer a long list, make sure it doesn’t translate to a long list of ingredients as well. Remember that you can turn ten ingredients into 20 menu items. Offering too many things will fill up the store room with too many ingredients that may go to waste. Avoid dishes with too many perishable ingredients. Talk to Sky Accountants’ team of café consultants if you would like to work on your menu.

It’s also important to look for ways to diversify the business and offer retail items or even catering services that can produce a whole new income stream for you. Multiple revenue streams can be helpful because while the margin on a cup of coffee is often good, it may go for just several dollars per cup. Diversifying can put your business in a better position so think of a side-line that could be developed from the same staff and kitchen. Your café accountant can help you identify profit opportunities and even cost leaks that need to be addressed.

The good news is that most café owners are now getting their heads into the books to check the results and automated reports via their laptops or mobile phones. Owners now get to take a day off because this new system allows them to receive real-time data from their point of sale software anytime, anywhere.

Cafe Bookkeepers

Need a bit of assistance with your cafe 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 café business consultation, we also offer café accounting, cafe 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

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Sunbury Office Address: Suite 13, 33-35 Macedon Street, Sunbury, Victoria 3429,
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Gisborne Office Address: 45 Hamilton Street, Gisborne, Victoria 3437, Australia
Gisborne Victoria 3437

Phone: 1300 328 855
Phone: 03 97444522


 

 

 

Contact Us

1300 328 855

902 Howitt Street, Wendouree, VIC

info@skyacc.com.au

1300 328 855

45 Hamilton Street,
Gisborne VIC

info@skyacc.com.au