Cafes, restaurants, pubs and takeaways. We understand the margins, the VAT rules, the tronc schemes and the daily EPOS reconciliation that hospitality lives on.
Hospitality accounting
Hospitality is one of the most cash-intensive sectors in the economy. Daily EPOS takings, weekly stock orders, varied VAT rates on food and drink, tip distribution, and slim margins — it's a tough business, and bad accounting makes it tougher.
We work with cafes, pubs, restaurants and takeaways across the East Midlands. We set up proper EPOS reconciliation, handle the VAT correctly on eat-in vs takeaway, deal with tronc schemes for tips, and most importantly, give you monthly management numbers so you can spot a problem before it eats your cash.
What's included
Everything is included in your fixed monthly fee. No extras, no surprises.
Sound familiar?
If any of these ring true, you're not getting what you should be.
Common questions
It depends on what it is and where it's eaten. Hot takeaway food is standard-rated (20%). Cold takeaway food is zero-rated. Eat-in food (hot or cold) is standard-rated. Alcoholic drinks are always standard-rated. We set your EPOS up so every item is coded correctly from the start.
A tronc is a separate payroll arrangement for distributing tips. Done correctly, tips paid through a tronc are exempt from employer NIC (a 13.8% saving) and can reduce employee NIC too. We set up compliant tronc schemes and run them as part of your payroll.
In hospitality, ideally every week. Daily takings, weekly stock counts, and a monthly P&L. We set up a reporting dashboard in Xero so you can see key numbers at a glance without wading through the full books.
Free, no-obligation quote. Fixed monthly fee. No surprises.
Just a proper conversation about your business.
Barton Accountancy Limited · ICAEW Chartered Accountants · Ashby-de-la-Zouch, Leicestershire · Swadlincote, Derbyshire · 01530 886296 · 01283 208613 · hello@bartonaccountancy.co.uk
Photo: Cafe interior via Wikimedia Commons, CC BY-SA 2.0.