We are the specialists in food and beverage business accountancy

With past working experience in leading five-star hotels for years, our staff are well experienced in accountancy, restaurant operations and management, especially in the areas of cashiering, income audit, food and beverage cost control, inventory control, restaurant accounting and other financial control. We follow the Uniform System of Accounts for Hospitality Industry which most of the hotels and restaurants around the world are following. Our financial reports will provide you with a good tool in managing your restaurants efficiently and effectively.

Our monthly F&B accounting services are divided into two parts:

Bookkeeping and accounting services

Accounting administration services

Our F&B accounting services details include:

A)Bookkeeping and accounting

Adopt Uniform System of Accounts for Hospitality Industry

Basic bookkeeping and accounting work based on China accounting practice

Produce monthly financial statements and handle tax declaration

Produce monthly F&B management accounts based on international general accounting practice

Reconcile daily sales report

Calculate food and beverage costs

Sales and costs reconciliation

Manage accounting books and records

Arrange for annual audit

B)Accounting administration

Check purchase fa-piaos with receiving records

Process payments to suppliers

Process payments for other expenses

Reconcile bank statements

Handle monthly payroll

Handle staff social welfare contribution

Other F&B accounting services include:

A)Financial planning

Project feasibility study

Project financial projection

Project cash flow projection

Pre-opening accounting

Operating budget preparation

B)Financial systems set-up and management

Cashiering / POS systems

Purchasing / receiving / inventory systems

Till float / petty cash expenses systems

Revenue / cost / expenses categorization policy

Other internal control systems

Accounting software setup and implementation

Should you have any enquires about our F&B accounting services and fee quote, please contact our professional team. We will provide you with free consultation services accordingly.