Introductory Meeting & Quote →
  • Home
  • About JH
    • About Us
    • 🏆 Trophy Cabinet
    • History
    • Talent & Careers
  • People
  • Services and Expertise
    • Key Services:
      • Audit and Assurance
      • Personal Tax
      • Corporate Tax
        • R&D Tax Relief/Credit
        • RDEC
        • Seed Enterprise Investment Scheme (SEIS)
        • Enterprise Investment Scheme (EIS)
        • Enterprise Management Incentive (EMI)
      • International Tax
      • Tax Investigations and Disclosures
        • Worldwide Disclosure Facility (WDF)
        • Undeclared Rental Income and the Let Property Campaign
      • VAT Advice and Compliance
      • Xero Training
      • Outsourced and Cloud Accounting
      • Payroll Services London
      • Tips, Services Charge, Tronc and Troncmaster Services
      • Independent Financial Advice
      • View All Services
    • Key Sectors:
      • Listed Companies – LSE & AIM
      • Restaurants and Hospitality
      • Technology
      • Specialist Food and Drink Accountants
      • Creative and Media
      • Artists and Art Galleries
      • Property & Real Estate
      • Medical and Healthcare
      • Retail
    • Key Goals:
      • Bounce Back Stronger post-COVID
      • Accelerate Business Growth
      • Outgrown Your Existing Accountant
      • Looking For A New Accountant
      • Starting a New Business
      • Listing a Business
      • Setting Up a Business in the UK
      • Expanding Overseas
    • View All
  • 🌍 International
    • Setting Up in the UK
    • Expanding Overseas
    • Morison Global
  • #Trending
  • Contact Us
    • Introductory Meeting
    • Contact Us
    • Our London Office

  • Home
  • About JH
  • People
  • Key Services
  • International
  • #Trending
  • Contact Us
  • Introductory Meeting / Quote
  • Directions To Our Office [Google Maps]

  • Home
  • About JH
  • People
  • Key Services
  • International
  • #Trending
  • Contact Us
  • Introductory Meeting / Quote
  • Directions To Our Office [Google Maps]
HOME / KNOWLEDGE / Finance and Accounting Tools for Restaurants, Bars and Hotels

Finance and Accounting Tools for Restaurants, Bars and Hotels

Restaurant Accountants

Used correctly, finance and accounting tools for restaurants, bars and hotels can help cut down on unnecessary administration and provide real-time financial data. This can help you capitalise on opportunities, plan better and bounce back stronger post-Covid.

Below is an overview of some of the best accounting tools we recommend for hospitality businesses.

Xero Accounting Software for Hospitality

One of the best accounting software which any business can benefit from using is undoubtedly the Xero accounting software.

This software helps automate and manage various administrational tasks, saving you ample time to focus on growing your business.

Xero creates customised recurring online bills for all of your regular suppliers and automatically tracks inventory and stock. Tracking also creates multiple P&L’s to track the sales, overheads and profitability across multiple sites whilst you can also set up a budget for each tracking category. The most useful feature of this software by far is its ability to connect to other integral hospitality applications including EPOS and CRM.

Xero Platinum Partner

With over 300 clients using Xero, we are a Xero Platinum Partner – the very highest status level for Xero knowledge and expertise.

As a leading Xero Certified Partner, we offer Xero training in London and throughout the UK.

Our Xero training is aimed at Business Owners, CFOs, Finance Directors, Bookkeepers and finance teams. It’s designed to help you make the switch to Xero by transferring data from spreadsheets or Sage to Xero with minimal disruption, get the most out of Xero, take advantage of add-ons and to reduce any unnecessary financial admin.

With over 600 different apps in the Xero App Marketplace, there is a solution for most business functions in addition to specialist apps for specific sectors and industries. Our team of Xero specialists can advise and assist with your migration to Xero, selection, implementation and integration.

Pleo for Hospitality

Every hospitality business should subscribe to Pleo if they want the management of their company’s expenses to run smoothly and without hassle. Pleo offers smart company cards for your employees to do any work-related spending with. It’s a modern initiative that both empowers your employees and saves them from the out-dated practice of dealing with expense reports, holding onto work receipts and awaiting reimbursements. Your financial team will be able to review your employees’ spending immediately, or when the time suits them best.

Epos Systems for Hospitality

Investing in an efficient Electronic Point of Sale (EPOS) is essential for a flourishing hospitality business. A good EPOS will benefit your company in the long-run and provide ease to your accounting team. Unlike traditional till systems which simply record sales, an EPOS is designed to also generate accurate and detailed reports regarding the flow of expenses and profit. This feature will allow you to be entirely aware of where money is being both spent and earned. This information should encourage hospitality business owners to make changes where necessary, for example discontinuing a certain product which isn’t generating adequate profit.

Below is a list of some of the best EPOS systems for the hospitality sector.

  • Tevalis
  • Quadranet
  • IZettle
  • Comtrex
  • Revel

Market Man for Hospitality

Designed specifically for businesses in the hospitality sector, Market Man is designed to elevate the operation of workflow in your restaurant, bar or hotel. It’s intended to provide easier management of restaurant inventory by the use of a cloud-based inventory which provides various features for user ease. With Market Man, businesses can track the cost of goods sold, examine purchase history, manage budgets and have a better overall understanding of the business’s data whilst identifying actionable insights.

Fathom for Hospitality

Fathom is an accessible and user-friendly financial and management reporting analysis tool that provides business insights like business performance, opportunities for improvement and the monitoring of trends. The tools provided by Fathom empowers hospitality business owners to gain a profound insight into their business’s cash flow, profitability and growth. With all this information provided to you on an accessible interface, Fathom enables business owners from any sector to easily manage their businesses across all divisions, promoting profit, success and growth.

Restaurant Accountants

Specialist Restaurant and Hospitality Accountants

Jeffreys Henry’s specialist restaurant and hospitality accountants supports hospitality entrepreneurs to achieve their business ambitions through award-winning accountancy, tax and advisory services.

We work side-by-side with over 120 Michelin-starred restaurants, fine dining restaurants, themed restaurant groups, hotels, franchises, individual bistros, gastro pubs, bars and pop-ups.

We combine award winning accountancy services with game-changing technology such as Xero, to provide you with real-time financial information so you can capitalise on opportunities, plan better and reach your goals faster. With our knowledge and hands-on approach, we can ensure you have all the information you need to adapt to these drastic changes.

INTRODUCTORY MEETING

CONTACT US TO ARRANGE AN INTRODUCTORY MEETING, OR FOR A QUOTE.

Mark Tenzer - Specialist Restaurant and Hospitality Accountant

MARK TENZER

Partner - Restaurant & Hospitality


Mark qualified as a Chartered Accountant in 1982 and specialises in advising bars and restaurants through the start-up and growth process including the White Rabbit Fund, the Coal Office, Nightjar and many others.
Tahir Patel - Specialist Restaurant accountant in London

TAHIR PATEL

Manager - Restaurant & Hospitality


Tahir qualified as a Certified Accountant in 2015 and is a manager in the business support department which provides outsourced and cloud accounting services to a wide range of restaurants, bars and hotels. Tahir works closely with many clients providing value added services such as forecasting and automating accounting processes.
Humaira Pandor
Humaira Pandor

We’re one of the UK’s leading tech-enabled providers of accountancy, audit, tax and advisory services to fast-growth SMEs, international businesses, listed companies and private individuals.

  • JeffreysHenry.Cloud
  • Transparency Report
  • Terms and Conditions
  • Privacy Statement
  • GDPR Statement
ICAEW London Chartered Accountants
Website built with ❤ by the Jeffreys Henry Marketing Team.

We use cookies to help us to improve your browsing experience and understand how people use our website. By continuing to browse our website you are agreeing to our use of cookies.

Jeffreys Henry LLP is a Limited Liability Partnership registered in England and Wales with registered number OC306971. Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be viewed at www.auditregister.org.uk under reference number C001108797. VAT Registration Number 243307782. A list of Partners is available for inspection at the below address. Jeffreys Henry Audit Limited is registered in England and Wales with Company number 13172931. Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be viewed at www.auditregister.org.uk under reference number C008924259. VAT number 374306694. A list of Directors (who we also refer to as Partners) is available for inspection at the below address. Jeffreys Henry Business Services Limited is registered in England and Wales with Company number 13128469. VAT number 369869417. A list of Directors (who we also refer to as Partners) is available for inspection at the below address. Each entity’s registered office is at Finsgate, 5-7 Cranwood Street, London, EC1V 9EE.
            No results See all results