MJB Avanti

Hospitality accounting

Your go-to business partner

Let us take care of all your hospitality accounting needs so that you can concentrate on running your business.

The restaurant, bar, catering and hotel trades are hectic at the best of times. With high numbers of customer transactions, many suppliers and employees and long trading hours, staying on top of your finances can be a real worry.

Your business runs on tight margins, meaning your hospitality accounting processes must be as efficient as possible. You have little time, yet it’s easy to cross the line from profit to loss if you take your eye off the ball.

MJB Avanti has specialist knowledge in hospitality accounting advice, support and action.

We can take care of all your day-to-day bookkeeping and accounting processes – and offer trusted strategic advice whether you are just starting, looking to expand or thinking about a business exit. Please do contact us to find out more.

Hospitality bookkeeping

Cloud accounting services make bookkeeping so much easier for hospitality businesses. It’s fast to record all inputs and expenses, and you see a snapshot of your numbers, including outstanding invoices or bills, at any time.

MJB Avanti is a Platinum Partner with Xero, the leading cloud accounting software. We can set you up and train you with Xero, an exceptional tool that can link to your EPOS system and take care of your VAT Making Tax Digital obligations.

We can do all your bookkeeping for you or remain in the background, available for advice before taking care of your annual returns and other company secretarial services. Here’s just a snapshot of where we can help:

  • Xero set-up and training
  • VAT
  • Payroll
  • Pensions, tax and national insurance obligations etc

Hospitality accounting, strategic help
While bookkeeping takes care of the day-to-day numbers, strategic planning and advice help you understand the financial health of your hospitality business and where you might be in the medium or long term.

We offer a full range of advisory services based upon decades of experience working with hospitality businesses like yours. You will benefit from our trusted advice in areas such as:

  • Pension and tax advice
  • Tax planning for your business (such as tax relief for fit-out expenditure)
  • Benchmarking and KPIs (designed for better efficiency)
  • Forecasting and measuring results against those forecasts
  • Monthly management accounts and identifying trends/opportunities
  • Measuring waste (your gross profit percentage for food might be too low, for example)
  • Business valuations based on profitability

Engaging with MJB Avanti for your hospitality accounting is like having your own Chief Financial Officer (CFO) on hand, offering strategic accounting advice and overseeing bookkeeping and company secretarial responsibilities.

You can benefit from our years of experience, enjoying high-value advice without the need for full-time accounting wages.

Are you interested in finding out more? Contact us today.

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