Running a restaurant, café, bar or hotel is demanding. Working in the hospitality industry often means long hours, low margins, high competition, regulatory compliance and a large volume of sales transactions. Wilson Pateras’ specialist hospitality accountants will help you to manage your cash flow, minimise tax and streamline your business finances – leaving you to focus on serving your customers.
Our qualified accountants and bookkeepers provide tailored solutions that cater for your businesses unique needs. Together, we will make sure you are on track to achieve your financial goals.
Wilson Pateras’ experts help you stay on top of tax requirements, cash flow budgeting, financial planning and accounting for your bar or restaurant.
Running a restaurant is a 24-7 job, with much of your work done outside conventional working hours and well into the evening, on weekends and during holiday periods. This intensity is compounded by the hospitality industry’s high staff turnover. This irregularity in hours and staffing impacts on your payroll – making the bookkeeper’s role of paramount importance. Wilson Pateras will provide your hospitality business with easy-to-use accounting software that will simplify the way you manage your payroll.
In addition to the day-to-day hospitality accounting and bookkeeping, our team understands the industry challenges and the complex tax compliance and employment regulations you are facing. Our services for our restaurant and hotel owners include:
Regardless of how big or small your hospitality business is, Wilson Pateras will work closely alongside you to create a package that suits your needs. Our award-winning accountants and bookkeepers can assist you with the following services:
Rest assured that your bookkeeping is carried out to our own high standards, with Wilson Pateras’ on-time solutions.
We provide end-to-end solutions for all your payroll and superannuation compliance needs, regardless of how many staff your business employs.
We can help you keep track of your business profits and losses by producing monthly reports to your management team if required.
We can help ensure your monthly, quarterly or annual BAS and IAS lodgements are taken care of (including FBT and GST).
Our accounting services include helping you manage your businesses income and outgoings, so that you stay on track to achieve your financial goals for the company.
Gain access to tailored tax advice from qualified professionals, so that you can minimise the amount of tax your business pays.
Looking to expand your hospitality business or start a new one altogether? Enjoy peace of mind that you can work with Wilson Pateras to establish the appropriate trading structure.
Find out if your business is eligible for certain tax offsets and other government support, with the help of our expert advisors. This could give your business cash flow support.
Understanding your business’ cash flow is crucial to running a successful restaurant or hotel. It can be a complex equation, taking into account several variables including revenue, bills, salaries, loans and inventory. Ignoring cashflow management can put your hospitality business at financial risk. That is why it is so critical to engage an accountant who understands the hospitality category intimately – both its risks and its rewards – helping you to improve your business’ profitability and cashflow.
All our bookkeeping services are carried out in Melbourne . Our committed team consists of fully qualified bookkeepers, and we pride ourselves on providing exceptional solutions to our clients.
Whether you simply need one bookkeeper or a whole team of accountants to assist you with your finances, Wilson Pateras will provide tailored services to suit your needs. Our expert accountants, financial planners and advisors are here to help you.
We can offer our hospitality business accounting and bookkeeping services on a fixed monthly fee structure, so you will know where you stand. There are no hidden fees or unnecessary costs with Wilson Pateras.
Convenient access to tailored advice from qualified experts via phone or email.
Our certified Xero experts will help you integrate this innovative software into your business. This streamlines the finance management process.
Wilson Pateras are a XERO Platinum Partner. We can help your hospitality business to get started with easy-to-use, cloud-based software, Xero. Whether you are running a hotel, café, hostel or restaurant, Xero is a powerful tool that can help improve your business. Features include:
Let us know a little bit about your business and the services you are interested in so we get a better understanding how we can help you.
We will get in touch with you to discuss further your situation and your needs.
We will provide a bookkeeping / accounting solution that is aligned with your current situation and goals.
Level 1, 678 Victoria Street
Richmond VIC 3121
Phone: (03) 8419 9800
Fax: (03) 8419 9888
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Level 1, 678 Victoria Street
Richmond VIC 3121
© 2024 – Wilson Pateras
This content has been prepared by Wilson Pateras to further our commitment to proactive services and advice for our clients, by providing current information and events. Any advice is of a general nature only and does not take into account your personal objectives or financial situation. Before making any decision, you should consider your particular circumstances and whether the information is suitable to your needs including by seeking professional advice. You should also read any relevant disclosure documents. Whilst every effort has been made to verify the accuracy of this information, Wilson Pateras, its officers, employees and agents disclaim all liability, to the extent permissible by law, for any error, inaccuracy in, or omission from, the information contained above including any loss or damage suffered by any person directly or indirectly through relying on this information.
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