Hospitality Accounting Solutions

Hospitality Accounting Solutions was established in 2002 by Patrick McKeown, a chartered accountant with over 20 years of hands-on experience within the hospitality industry. Our company is dedicated to providing tailored accountancy services specifically designed for the unique needs of businesses operating in the restaurant, bar, and hotel sectors across the UK and Ireland. Operating from our base in Northern Ireland, we understand the specific challenges faced by hospitality businesses due to our founder's extensive experience as a chef in a variety of establishments, followed by a successful career in management roles within diverse hospitality environments, including restaurants, hotels, private clubs, and large-scale sports facilities in both Europe and America.

Why Choose Hospitality Accounting Solutions

Patrick's profound understanding of the hospitality sector, combined with his expertise in accountancy, differentiates Hospitality Accounting Solutions from traditional accounting firms. We believe that the cornerstone of success for any hospitality business lies in effective cash flow management and meticulous cost control. A restaurant or bar can be profitable on paper but still face financial difficulties if cash flow is not carefully managed. Our comprehensive monthly accounting package offers detailed month-end management accounts, providing businesses with valuable insights into their financial performance. These reports highlight potential issues that could compromise your business's stability, allowing you to take corrective action promptly and maintain a healthy financial position.

Our Services: Tailored to Your Needs

In addition to our core accounting services, Hospitality Accounting Solutions offers a range of tailored solutions to support all stages of your business journey. For aspiring entrepreneurs, we develop comprehensive, fully costed business plans, ensuring that you embark on your venture with a robust financial foundation. We understand that opening a restaurant solely because you enjoy cooking can be a costly mistake. We guide you through the process of determining the viability of your concept, identifying potential pitfalls, and setting realistic financial goals.

Our services extend to existing businesses seeking to optimize their financial operations. We provide expert advice on VAT compliance, corporation tax registration, and other regulatory requirements specific to the hospitality sector. Our commitment to utilising cloud-based accounting systems ensures 24/7 access to your financial data, empowering you to make informed decisions at any time.

We believe that financial success is not merely about maximizing profit but also about ensuring the long-term sustainability and growth of your business. Our team of dedicated professionals is here to be your trusted partner, providing expert support and guidance every step of the way.

Our Dedicated Support

Our team places immense value on providing exceptional customer service. We understand that running a hospitality business demands your constant attention, and you need a trusted partner who can alleviate the burden of complex financial matters. We are committed to offering you exceptional support, aiming to be readily available when you need us most. Our 24-hour support option ensures that assistance is never out of reach, regardless of when challenges arise. Furthermore, we strive to maintain open communication, proactively updating you on your financial performance and advising you on strategies to further enhance your business's financial well-being.