Customer satisfaction is of utmost priority when it comes to the hospitality industry. It is also important to note that it is highly dependent on your customers' availability of leisure time and disposable income. The hospitality industry consists of 4 sectors – lodging (accommodations), food & beverage, travel & tourism, and recreation. Let us talk about the challenges faced by the hospitality industry sector –
It might not be possible for a small business in the hospitality industry to hire in-house bookkeepers and accountants as it has a high-cost implication. It is an overhead expense, and you end up losing out on operation space as it is used for workstations, placement of computer systems, and so forth.
The hospitality industry's businesses are mostly seasonal businesses, which means that there might not be any sales while in off-seasons and times where you are overloaded with customers in the peak season. This makes the revenue quite fluctuating.
The hospitality industry gets very quickly affected by external factors. And in extreme cases, people do not travel for a long duration. The industry can suffer to the extent that a lot of small businesses might have to close their operation.
Whiz Consulting has provided accounting and bookkeeping for the hospitality industry for a decade now, and we understand how the industry operates. We also have provided accounting and bookkeeping services in the hospitality industry and to its different sectors. We know that accounting and bookkeeping could be quite challenging, so we help you tackle the challenges of bookkeeping for hospitality.
We, with our experts, will assist you at every step of your accounting and bookkeeping process. Outsource your accounting and bookkeeping functions with us to ensure that you can start focusing on your core activity while reducing your overhead expense.
Our service will help you survive in difficult times by helping you reduce the cost of the human resource and the accounting department. With our service help, we reduce your dependency on resources like physical space and payroll for hiring an in-house accountant.
We provide you with the ability to focus on the core function of your organisation while we take care of your accounting and bookkeeping function. If you are looking for Accounting and Bookkeeping services, here is why you should choose us -
We have over a decade of experience and technical know-how of the hospitality industry-specific accounting, bookkeeping, and taxation requirements.
Hiring expert professional bookkeepers and accountants in-house or locally can cost you 70% more than hiring our service.
We make sure your business is compliant with existing rules and regulations as well as any new laws and regulations.
You can reach out to us for any query, and we provide boundless phone and e-mail consultations with our experts.
Provide service that helps you to focus on your core function that will upsurge the productivity and help bring scalability to your business
Regular detailed financial reports customised to business-specific needs will help you make crucial financial decisions.
Bookkeeping Service
Accounts Payable Services
Accounts Receivable
Financial Reporting
Payrolls Services Online
GST & Income Tax Returns