Site audits whilst you get on with the day job
Sometimes it’s difficult to stand still and take stock in a fast-paced industry such as hospitality. When you’re a hospitality business the momentum forward is strong. But with all things, it’s necessary to have clarity in your business by assessing your financial operations, identifying potential issues, and ensuring compliance with relevant regulations and industry standards.
A site audit serves as a comprehensive evaluation of a business’s financial health, internal controls, and overall performance, ensuring that everything runs smoothly and profitably. By conducting a thorough on-site review, businesses can uncover inefficiencies, detect potential fraud, and identify opportunities for cost savings and revenue growth. It can also help to stay compliant with tax laws, licensing regulations, and industry standards, reducing risks that could lead to financial or legal challenges.
At Carroll Accountants our aim is to empower you to make informed decisions, enhance profitability, and maintain a strong reputation in the competitive hospitality market.
- Financial accuracy & compliance
- Cost control & profitability
- Fraud prevention & internal controls
- Operational efficiency
- Revenue optimization
- Risk management
- Business growth & strategic planning
I have worked with David and the team at Carroll Accountants for the last 4 years. They have been a crucial partner as I grow my businesses and have found them knowledgeable, pro-active and very flexible to my ever-changing requirements.”
Case Study: A business plan that wins!
Carroll Accountants are masters at business plans, that’s because they’ve been in your shoes and know the hospitality sector in detail.
The problem:
A pub’s accountant had created a business plan for a restaurant on the premises which had been rejected 5 times by the pub company. The work was finally given to Carroll Accountants who specialize in the trad.
The solution:
Carroll Accountants went through the original business plans and realized that the KPIs and projected costs associated with the restaurant were all wrong. Several major areas had been missed.
The outcome:
Carroll Accountants sat down with the pub owner and reviewed the information and pulled together a revised business plan in 5 days. The plan was accepted first time by the pub company and the planned restaurant could go ahead.
