Restaurants thrive on a delicate balance between serving exceptional food and managing tight financial margins. With VAT compliance, payroll complexities, and ever-changing costs for ingredients and utilities, restaurant owners need more than basic accounting.
We specialise in accounting solutions for restaurants, offering practical tools and strategies to improve cash flow, reduce unnecessary expenses, and optimise your operations. Whether you’re running a fine dining restaurant in London, a takeaway in Manchester, or a gastropub in Edinburgh, our expertise ensures your finances stay on track while you focus on the kitchen.
Expert Accounting Services for UK Restaurants
Our services cater specifically to the financial challenges of restaurant owners, helping you stay profitable in a competitive market.
Solving VAT Complexities for Restaurants
VAT can be a logistical headache when dealing with mixed sales like dine-in, takeaway, and delivery. Our team ensures that your VAT is categorised and calculated accurately, minimising liabilities and maximising reclaim opportunities. Over 30% of VAT errors in the hospitality industry stem from incorrect categorisation of sales.
- A restaurant chain in Liverpool saved £25,000 annually by streamlining VAT claims for split sales across dine-in and delivery.
Menu Engineering for Maximum Profitability
Your menu is your primary revenue driver, and pricing items effectively can make or break your profit margins. We analyse costs, identify high-margin items, and eliminate underperforming dishes. Restaurants with engineered menus report a 20% increase in average ticket size.
- A café in Leeds increased profits by 15% by introducing a “high-margin daily special” based on seasonal ingredients.
Managing Delivery Platform Fees
Delivery services like Deliveroo and Uber Eats are essential but expensive. We help track their costs, assess profitability, and adjust pricing to keep margins intact. Delivery platforms often charge fees ranging from 15% to 30%, significantly impacting restaurant profits.
Streamlining Payroll and Labour Costs
With high staff turnover and seasonal hires, payroll management is a constant challenge. We handle PAYE, pensions, and staff tracking, ensuring your employees are paid accurately and on time. Restaurants spend an average of 20% of their revenue on labour, making efficient payroll systems critical.
- A London pub saved 12 hours monthly by switching to our automated payroll system integrated with their ePOS.
A Process Designed for Restaurants
We offer a structured approach to manage your restaurant’s finances, ensuring every pound is accounted for and optimised.
Step 1: Financial Audit and Assessment
We review your existing systems, from ePOS integrations to supplier contracts, identifying inefficiencies and opportunities.
Step 2: Strategic Financial Planning
Based on our findings, we develop a tailored plan covering VAT compliance, cost controls, and profitability strategies.
Step 3: Implementation and Integration
We integrate cloud-based accounting tools and ensure seamless connections with your ePOS system for real-time reporting.
Step 4: Continuous Review and Support
Restaurants face dynamic challenges. We provide ongoing adjustments and guidance to keep your finances aligned with your business goals.
Tools and Resources Built for the Hospitality Industry
We use advanced tools and methods to simplify accounting and provide actionable insights for restaurant owners.
Cloud-Based Accounting Software
Our integration with Xero, QuickBooks, and Sage gives you instant access to your financial data, reducing manual errors and improving decision-making.
VAT Compliance and Claim Management
We ensure all VAT claims are handled correctly, whether for dine-in meals or takeaway orders.
ePOS System Optimisation
We help you leverage your ePOS system to track sales, monitor inventory, and manage taxes efficiently. Restaurants using integrated ePOS systems save an average of 8 hours per week on financial management.
Payroll and Staff Scheduling Solutions
Automate payroll calculations, track hours, and manage seasonal staff with minimal effort.
FAQs for Restaurant Owners
We categorise your sales into dine-in, takeaway, and delivery, ensuring VAT compliance and accurate claims for each category.
Yes, we track the costs of platforms like Uber Eats and Deliveroo, ensuring they don’t erode your profits.
Our cloud-based payroll system handles fluctuating staff numbers, ensuring accuracy in PAYE, pensions, and timesheets.
We monitor inventory and waste patterns to adjust supplier orders, minimising overstocking and spoilage.
Absolutely. We use menu engineering techniques to identify high-margin items and suggest pricing changes for better profitability.
Take Charge of Your Restaurant’s Finances
Your restaurant deserves more than just accounting—it needs a partner who understands the intricacies of the hospitality industry. From managing VAT complexities to ensuring your menu delivers maximum profitability, we provide tools and strategies to keep your business running smoothly.
Let’s Turn Your Passion Into Profit – Schedule Your Custom Restaurant Financial Strategy Call Today.
