At Hospitality Accounting Solutions, we believe that what sets our team apart from other chartered accountants is our previous experience within the hospitality sector through working with various restaurants, bars & hotels. This prior knowledge and perspective allows us to advise you on the best possible course of action when making financial decisions regarding your business.
With our professional accounting services we can help you to manage your accounts, minimise your losses and expand your business. Hospitality Accounting Solutions specialises in providing accounting and bookkeeping support to the restaurant, food, beverage and hospitality sectors. We provide you with a complete accounting service tailored to the demands of your hospitality business.
With our professional accounting services we can help you to manage your accounts, minimise your losses and expand your business. Hospitality Accounting Solutions specialises in providing accounting and bookkeeping support to the restaurant, food, beverage and hospitality sectors. We provide you with a complete accounting service tailored to the demands of your hospitality business.
Services
Founded by Patrick McKeown in 2002, Hospitality Accounting Solutions are specialist chartered accountants providing dedicated accountancy services to the hospitality sector throughout the UK and Ireland.
Based in Northern Ireland we provide support to restaurants, bars, and hotels.
Patrick has over 20 years of experience working in hospitality, starting out as a chef before going into management, working in restaurants, hotels, private clubs and large scale sports facilities in Europe and America.
Based in Northern Ireland we provide support to restaurants, bars, and hotels.
Patrick has over 20 years of experience working in hospitality, starting out as a chef before going into management, working in restaurants, hotels, private clubs and large scale sports facilities in Europe and America.
Running a successful restaurant requires not just making good food or having a welcoming interior but also managing and controlling costs.
Having accountants in your corner who understand the restaurant business is invaluable.
The restaurant sector has a unique set of variables not found together in any other business area.
Standard Accountancy systems are not built for the restaurant business, and can't accommodate the specific challenges of this sector.
At Hospitality Accounting Solutions, we understand the restaurant business, we understand the difficulty you may have in contending with the competing nature of these business variables and we can build you a control system that will allow you to manage these challenges.
Having accountants in your corner who understand the restaurant business is invaluable.
The restaurant sector has a unique set of variables not found together in any other business area.
Standard Accountancy systems are not built for the restaurant business, and can't accommodate the specific challenges of this sector.
At Hospitality Accounting Solutions, we understand the restaurant business, we understand the difficulty you may have in contending with the competing nature of these business variables and we can build you a control system that will allow you to manage these challenges.
Just as the restaurant business, running a successful pub or bar requires an understanding of the issues that can impact on your success.
It is imperative you have an account who has experience dealing with these.
These are just some of the issues that can impact on this business sector so being successful requires good planning from the outset but ongoing support and the ability to change and adapt to market conditions in a way that keeps you in control.
At Hospitality Accounting Solutions, we believe that we can help you better manage your business, by using our industry knowledge we can ensure that you are armed with the key information you need when you need it.
It is imperative you have an account who has experience dealing with these.
These are just some of the issues that can impact on this business sector so being successful requires good planning from the outset but ongoing support and the ability to change and adapt to market conditions in a way that keeps you in control.
At Hospitality Accounting Solutions, we believe that we can help you better manage your business, by using our industry knowledge we can ensure that you are armed with the key information you need when you need it.
Hotels will depend on a mixture of income flows, room rental, food, bar, and possibly "other" such as function facilities, gym, pool, or spa.
Hotels are at the mercy of their location and the "star" system as to the how attractive they look to potential customers and the rates they can charge, which will also drive the levels of investment in the interior design and maintenance.
The makeup and scale of each of these issues will vary from one hotel to next depending on the market sector and location.
Hotels are at the mercy of their location and the "star" system as to the how attractive they look to potential customers and the rates they can charge, which will also drive the levels of investment in the interior design and maintenance.
The makeup and scale of each of these issues will vary from one hotel to next depending on the market sector and location.
Although the supply of most food and drink of a kind used for human consumption is zero-rated, there are exceptions.
Some items are always standard rated and these are explained in Notice 701/14 Food.
Other supplies are standard rated because they are made in the course of catering.
This notice will help you decide whether or not your supply is one of catering.
If the answer is 'yes' at any stage your supplies are standard rated supplies in the course of catering.
However, if you make the supply at a hospital, school or similar establishment, you must refer to section 2.6.
Some items are always standard rated and these are explained in Notice 701/14 Food.
Other supplies are standard rated because they are made in the course of catering.
This notice will help you decide whether or not your supply is one of catering.
If the answer is 'yes' at any stage your supplies are standard rated supplies in the course of catering.
However, if you make the supply at a hospital, school or similar establishment, you must refer to section 2.6.
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