Hospitality Accounting

Hospitality Accounting

Sky Accountants specialises in business solutions for hospitality businesses such as restaurants, cafes, hotels, clubs, pubs and more. The hospitality industry is governed by various government agencies and it is important that businesses are updated with the relevant laws, requirements and reports to help them make informed decisions.

If you have a business in the hospitality industry or any other industry in Australia, we can handle your accounting and bookkeeping needs. Distance is no longer an issue because of technology. Our hospitality accounting and bookkeeping packages include financial reporting, budget and cash flow planning and management, payroll, superannuation, collection, reconciliation, compliance and more.

There are several hospitality accounting software available for your business such as Xero and QuickBooks and your accountant or bookkeeper can simply set up a suitable set of accounts and add entries for you. It can be complicated to know which entries go in which accounts and deal with double-entry accounting so have your accountant do it to save you time and money.

Hospitality accounting is not just about managing expenses and revenue. Hospitality businesses have financial needs that demand a unique accounting or bookkeeping system which will allow management to improve services and plan for the future. Tax and financial laws frequently change; you can be sure that your accountant will stay up to date on the latest policies so you can maximise any available incentives and avoid unnecessary penalties by staying compliant.

We don’t charge hourly rates and keep track of your phone calls and emails with timesheets. All our work is priced up-front with fixed fees. We believe this is ethical and a better approach than timesheets. Our systems enable us to complete work with speed and efficiency.

Let us help you with your business or individual tax return. We can register a business name and apply an ABN number for your company. We can also assist you with claiming deductions available for your business such as accounting fee, advertising fee, rent, sub-contactors, salary and wages and more. Other services include GST registration and quarterly GST calculation and reporting.

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