Simplify Hospitality Finances with Industry Accounting Specialists

Accounting Services for Hotels and Restaurants

Streamlined accounting services for hospitality businesses across Australia, ensuring accuracy, compliance, and timely management

The hotel and restaurant industry are fast moving, highly competitive, and operationally complex. With high daily transaction volumes, multiple revenue streams, tight margins, and strict compliance requirements, hospitality businesses need strong financial control to remain profitable and sustainable.

At RV Advisory Group (with delivery support from our global accounting team), we provide dedicated accounting and bookkeeping services for hotels and restaurants, helping business owners maintain accurate financial records, control costs, manage compliance, and make informed business decisions for long term growth.

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Why Hotels and Restaurants Need Specialized Accounting

HOTELS AND RESTAURANTS TYPICALLY MANAGE:

  • High volume daily sales (cash, card, online platforms, OTAs, delivery apps)
  • Multiple revenue streams (rooms, food & beverage, events, catering, bar sales)
  • Complex payroll structures (shifts, overtime, casual staff, tips, service charges)
  • Inventory heavy operations with wastage and spoilage risks
  • Industry specific taxes and compliance requirements

WITHOUT A STRUCTURED ACCOUNTING SYSTEM, BUSINESSES MAY FACE:

  • Cash flow shortages

  • Inaccurate financial reporting
  • Inventory losses
  • Payroll errors
  • Tax penalties and compliance risks

Professional hospitality accounting ensures accurate reporting, strong cost control, full compliance, and improved profitability, allowing owners and managers to focus on operations and guest experience.

Our Accounting Services for Hotels & Restaurants

We provide endtoend bookkeeping and daily accounting support, including:

  • Daily sales recording (POS systems, OTAs, food delivery platforms)
  • Cash and card reconciliation
  • Expense tracking and categorisation
  • Bank and credit card reconciliations
  • Vendor and supplier ledger management
  • Accounts payable and receivable monitoring

This ensures reliable, auditready financial records at all times.

Bookkeeping & Daily Financial Records   →

Our payroll services are tailored to hospitality operations and include:

  • Salary and wage processing
  • Shift, overtime, and weekend rate calculations
  • Tips and service charge accounting
  • Payroll tax and statutory deductions
  • Payslip generation and employee reporting
  • Compliance with local payroll regulations

We ensure your staff are paid accurately and on time, every time.

Payroll Management   →

We support hotels and restaurants with complete Australian tax and compliance services, including:

  • BAS preparation and lodgement
  • GST compliance and reporting
  • Income tax returns
  • Payroll tax compliance
  • Business activity statements and periodic filings
  • Tax planning to reduce liabilities legally
  • Audit assistance and regulatory reporting

Our structured approach minimizes risk while optimising your tax position in line with Australian regulations.

Tax Planning & Compliance   →

Profit margins in hospitality depend heavily on cost management. We help you with:

  • Food and beverage cost analysis
  • Labour cost tracking
  • Departmentwise profitability reporting
  • Gross margin analysis
  • Monthly and annual profit & loss statements
  • Cash flow forecasting and budgeting

This enables management to identify leakage, improve pricing strategies, and increase profitability.

Cost Control & Profitability Analysis   →

Accurate inventory control is critical for hotels and restaurants. Our services include:

  • Stock valuation and reconciliation
  • Cost of goods sold (COGS) calculation
  • Waste and spoilage tracking
  • Supplier statement reconciliation
  • Inventory turnover analysis
  • Procurement and usage reporting

These insights help reduce wastage, prevent pilferage, and optimise purchasing decisions.

Inventory & Stock Management Support   →

Outsourced Accounting for Hotels & Restaurants

Our outsourced accounting and bookkeeping services for hotels and restaurants are designed to deliver enterpriselevel financial management at a significantly lower cost than maintaining an inhouse finance team.

By outsourcing to RV Advisory Group, you benefit from:

  • Dedicated hospitality accountants and bookkeepers
  • Daily or weekly bookkeeping support
  • Cloud-based accounting systems (Xero, MYOB, QuickBooks)
  • Real-time financial reporting and dashboards
  • BAS and tax-ready records
  • Secure data handling and strict confidentiality
  • Faster turnaround times and scalable resources during peak seasons

Cost Savings Through Outsourcing

Hospitality businesses typically save 40%–60% in accounting and finance costs by outsourcing compared to hiring full-time internal staff. You avoid expenses related to recruitment, training, payroll overheads, software setup, and ongoing compliance management — while still receiving high-quality, professional accounting support.

Our outsourced accounting model allows hotels and restaurants to:

  • Convert fixed staffing costs into flexible service fees
  • Scale services up or down based on occupancy and seasonality
  • Access senior accounting expertise without senior-level salary costs
  • Focus management time on operations and guest experience

Why Choose RV Advisory Group

By partnering with us, hospitality businesses gain:

  • Industry-specific accounting expertise
  • Dedicated hospitality bookkeeping teams
  • Accurate and timely financial reporting
  • Reduced tax and compliance risks
  • Improved cash flow visibility
  • Significant cost savings through outsourced accounting and bookkeeping models
  • Australian-owned and operated firm with local compliance expertise
  • Secure data handling and confidentiality
  • Scalable services as your business grows

We combine Australian ownership and compliance expertise with a cost-effective global delivery model, providing enterprise-level accounting support at practical costs for growing hospitality businesses.

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Local Accounting Services for Hotels & Restaurants Across Australia

Whether you operate a single restaurant, a multi-location café group, or a hotel chain, our team delivers consistent, Australia-compliant accounting and bookkeeping services regardless of location. We proudly support hospitality businesses across all major Australian cities and regional hubs, including:

  • Sydney
  • Melbourne
  • Brisbane
  • Perth
  • Gold Coast
  • Sunshine Coast
  • Canberra
  • Newcastle
  • Central Coast
  • Geelong
  • Ballarat
  • Bendigo
  • Launceston
  • Darwin
  • Cairns
  • Townsville
  • Adelaide
  • Wollongong
  • Hobart
  • Toowoomba

Ready to Strengthen Your Hotel or Restaurant’s Financial Management?

Whether you operate a boutique hotel, restaurant chain, café, or cloud kitchen, our accounting solutions are designed to support your business at every stage.

Contact RV Advisory Group today to discuss how our hospitality accounting services can improve your profitability, compliance, and financial clarity.

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FREQUENTLY ASKED QUESTIONS

FAQs Before Starting off With Us

Yes. We provide accounting for hotels and accounting for restaurants across all Australian states and territories, including metro cities and regional areas. Our services include bookkeeping, BAS preparation, payroll, inventory accounting, and monthly financial reporting.

Our bookkeeping for hotels and bookkeeping for restaurants includes daily sales recording (POS and online platforms), expense tracking, bank and credit card reconciliations, supplier and vendor management, accounts payable and receivable monitoring, and preparation of BAS-ready financial reports.

Yes. We specialise in outsourced accounting for hotels and outsourced accounting for restaurants, providing a complete finance function without the cost of an in-house team. This includes bookkeeping, management reporting, payroll coordination, BAS compliance, and ongoing financial support.

Our outsourced bookkeeping for hotels and outsourced bookkeeping for restaurants typically covers daily transaction processing, reconciliations, payroll coordination, inventory reporting, expense categorisation, and month-end financial closing with structured reports.

Yes. We prepare and lodge BAS, manage GST reconciliations, review tax codes, and ensure your hospitality business remains compliant with Australian tax requirements.

Yes. We support hospitality payroll structures including shift-based wages, overtime, weekend and penalty rates, allowances, and payroll reporting in line with Australian compliance requirements.

Most hospitality businesses save between 40% and 60% by outsourcing accounting and bookkeeping compared to maintaining an in-house finance team. Savings come from reduced recruitment costs, salaries, software setup, training, and ongoing compliance management.

Yes. RV Advisory Group is an Australian-owned accounting firm providing local compliance oversight, supported by a secure and cost-effective global delivery team.

We support Xero, MYOB, and QuickBooks and can integrate sales data from POS systems and hospitality platforms into your accounting system.

Yes. We support single-location cafés and restaurants, multi-site hospitality groups, and hotel chains. Our services are scalable based on your size, transaction volume, and reporting requirements.