Accountants for Hotels
While the hotel trade continues to boom, competition is fierce, and staying ahead of the competition can be tough in this dynamic market. Hoteliers are finding more innovative ways to stand out through creation of experiences and using technology which are both key trends. However, having a clear picture of your finances is essential to success. Poor accounting in any hospitality trade can quickly make or break a business. Without accurate and actionable reporting and advice, clear reporting, and great communications, hotel owners will miss out on valuable financial advice to help maximise profit and streamline their business finances. Streamlined business finances can mean stability throughout the year and give your hotel business the opportunity to grow and expand.
ETC Hospitality can help you get the insights you need, when you need them, and offer consultancy services to help you maintain margins and make the best financial decisions to achieve your business goals.
We combine accountants with specialist hotel knowledge and a consultative approach with industry leading technology and data to provide a unique service to our clients. We provide insightful reporting and practical advice based on years of experience, to add value to your business.
Our Hotel Accounting Services
ETC Hospitality specialise in hospitality accountancy, with specialist hotel accountants to help support your business.
Ever changing regulation, new consumer trends, increasing competition and escalating rates are just some of the accounting obstacles facing today’s hotelier. It can be hard to keep your finances organised, streamlined and accurate in such a fast-paced environment, never mind extracting accurate data on which to base business decisions. However, we are able to process huge amounts of data and organise it into easy to interpret reports available when you need them most.
Our tailored accounting solutions use the latest technology to ensure you receive clear and accurate financial data to help you make the best decisions for your business. Our specialist hotel accountants will work with you, offering advice and guidance based on their industry experience, and tailored to your business goals.
We understand that though essential, accounting is just one part of your business, all of which often require more time and attention than is available. Few hoteliers have the time to gain a full understanding accounting standards, Living Wage regulations, VAT on purchases, and the minefield of other accounting regulations and legislation affecting their business. ETC Hospitality offer a range of accounting services to free up your time to focus on other aspects of your business, with peace of mind that you are staying compliant at all times.
We work with a range of single and multi-location hotels delivering a range of bespoke financial solutions including:
- Hotel accounting – Our accountants all come from a hospitality background, giving them a unique perspective and understanding of the needs of your business.
- Hotel bookkeeping – Let us take care of everything from weekly reporting to cashflow management, VAT returns and everything in between.
- Hotel payroll management – With seasonal recruitment challenges and increasing pay rates, let us take on the headache and run your payroll management from start to finish. Our HR specialists can take on related HR issues too.
- Hotel transaction management & processing – We manage huge amounts of data quickly and securely using our custom systems and technologies.
“When revamping the Crabwall Manor from a position of disrepair to a leading four star hotel and spa, it was essential for us to be completely in control of our finances. etc hospitality ensured all our financial operations were seamless and certain. They are highly professional and a pleasure to work with.”
Luis Mourao, Crabwall Manor Hotel
We decided to approach etc hospitality in order to get Industry Accounting service at reasonable cost. Suffice it here to say that etc do all the necessary accounting work perfectly. We can recommend the services to etc without reservation. Exceptionally responsive, exceptionally helpful and exceptionally proactive when circumstances merit it”
Ben Panesar, Westmead Hotel
We have two offices located in London and Manchester and are well placed to provide our services to hotel businesses with multi-site locations across the UK, We offer bespoke hotel accounting solutions tailored to your needs, offering peace of mind, and more time to focus on other core aspects of your business.
To find out how etc hospitality’s standalone products and bespoke hotel accounting packages can benefit your business, contact us today.