Accounting Services For Hospitality Businesses across the UK
SERVICES
Our team of specialist accountants are qualified and fully equipped to handle all your financial demands. Whether you are looking for a bespoke accounting package or a fully accountancy solution we can help. Browse our comprehensive lists of services and get in touch with any questions. We are here to support you.
Bookkeeping
Keeping track of your books can be painful and time consuming especially with changing legislation and compliance requirements. This can cause unnecessary financial stress if not done diligently throughout the year.
Our experienced team will take away this burden and allow you to concentrate on running your business. From restaurants, to bars or coffee shops MM Consultinghouse offer bookkeeping solutions personalized to each individual business and its needs. We can streamline procedures and processes across your business that will help you drive efficiency and save time while being cost effective.
Our services include:
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Timely Reporting – our streamlined hospitality bookkeeping process allows us to provide timely reporting so you always know what’s going on in your business. We pride ourselves in clear financial reports that are customized to your needs.
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Weekly KPI Dashboard – we set and monitor key performance indicators so you can understand where you are tracking in the month to give you the chance to react early to business needs.
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Management accounts – understanding exactly how your business is performing so that there are no surprises is essential to your continued success. We offer management account report packs tailored to your needs to give you regular detailed information needed to help you make better informed decisions and drive the business forward.
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Cashflow Management – the success of a business often depends on how healthy its cash flow is and how well it’s managed. MM Consultinghouse offer cashflow management solutions designed to effectively control and improve cash flow of your hospitality business.
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VAT and PAYE Returns – we prepare, reconcile and file your returns accurately and on time giving you peace of mind.
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Software Implementation – in a technology driven world, we at MM Consultinghouse pride ourselves on the implementation of technology that will save our clients both time and energy while being cost effective. From EPOS systems, PDQ card terminals, to inventory tracking and payroll, we can help you make the right choice to support your business.
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Accounts Payables – from dealing with supplier queries, statements reconciliation, payment run proposals and payments our experienced team can help you save admin time by managing the creditors function for you so you can focus on your core business.
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Bank Reconciliation – reconciling and monitoring of this most important of tasks allow us to keep your bank account, accounting and taxes up-to-date and support with cash flow management.
Accounting
Our experienced team can provide you with the hospitality accountancy services that you need - helping you understand your business more thoroughly, and identifying opportunities for cost-effective improvements and growth.
Our services include:
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Monthly management accounts
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Cash flow estimates and forecasting
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Budget development and implementation
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Budget management
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Break-even analysis
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Rolling forecasts
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Financial data analysis
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Year end accounts
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Statutory accounts
Payroll
We provide a reliable, tailored payroll service to meet individual needs and, whether you need us to assist or take full ownership of your payroll function we can help.
Finance Director
We can provide an overview of the management and financial reporting; high level assistance with your budgetary, forecast and planning requirements; financial modelling; and give presentations at Board Meetings.
Bank Financing
If you’re thinking about getting a loan for your business we can help. We can provide you accurate and up to date financial statements and help you secure the loan you need to expand or help your business.
Consultancy
Whether you’re looking to open your first restaurant, buy large capital equipment, turn around a declining business or expand we can prepare a strategic business plan to help you clarify your company’s direction.