At Whiz Consulting, we specialize in providing top-tier outsourced bookkeeping and accounting services tailored to the unique needs of the hospitality industry. Our expert team helps your businesses stay organized, compliant, and financially efficient so you can focus on delivering exceptional guest experiences. Whether you own a hotel, restaurant, or resort, we ensure that your finances are in expert hands.
Tailored Solutions for Every Segment of the Hospitality Industry
Hotels & Resorts
From small boutique hotels to large-scale resorts, we offer comprehensive accounting services that help you manage room revenue, operational costs, and capital expenditures with precision. Our solutions ensure your financial data is always up to date for better decision-making.
Restaurants & Cafés
For restaurant owners, managing inventory, payroll, and fluctuating revenue is key to success. We provide detailed financial insights that simplify your accounting processes, helping you reduce costs, maximize profitability, and maintain a smooth operation.
Airbnb and Short-term Rentals
We specialize in providing accounting services for Airbnb hosts and short-term rental owners. From booking management to expense tracking, we ensure your finances are organized and optimized for success.
Clubs & Bars
We offer specialized accounting services for clubs and bars, helping you manage cash flow, inventory, and financial reporting. Let us handle the numbers so you can focus on delivering an exceptional guest experience.
Tailored Hospitality Accounting Services
At Whiz Consulting, we offer more than just standard accounting services, we provide customized solutions designed to simplify your financials, optimize cash flow, and deliver actionable insights that fuel growth.
Bookkeeping
Our bookkeeping service ensures that all financial transactions are accurately recorded, organized, and easily accessible. We maintain up-to-date ledgers, making it easier for your business to track expenses, income, and overall financial health.
Accounts Payable
We manage your accounts payable by processing vendor invoices and ensuring timely payments, helping you maintain positive relationships with suppliers. Our system minimizes errors and prevents late fees, ensuring smooth operations for your hospitality business.
Accounts Receivable
Our accounts receivable service efficiently tracks outstanding invoices, sending reminders and ensuring prompt payments from customers. We help you maintain healthy cash flow by streamlining the collection process and reducing overdue accounts.
Financial Reporting
We provide detailed financial reports that give you a clear overview of your hospitality business’s performance, from profit and loss statements to balance sheets. These reports enable you to make informed decisions, plan strategically, and achieve your financial goals.
Unlocking Success with Tailored Hospitality Accounting Solutions
At the heart of every successful hospitality business is efficient financial management. Our suite of specialized accounting services is designed to streamline your financial operations, boost cash flow, and provide valuable insights for growth. Explore how our expert services can help you focus on what matters most, delivering exceptional experiences to your guests.
1
Cash Flow Management
In hospitality, managing cash flow can be tricky due to fluctuating bookings, seasonal variations, and unexpected expenses. Our expert team ensures your cash flow is optimized for consistent operations, helping you avoid liquidity crunches.
2
Inventory Control & Cost Management
Food, beverages, and supplies are a significant part of hospitality costs. We offer detailed tracking and reporting, ensuring you avoid overstocking or wastage, and keep your expenses in line with budgetary expectations.
3
Payroll Management
We simplify payroll management by ensuring accurate and timely payments for your team. Our streamlined approach lets you focus on running your business while we handle the payroll details, delivering reliable results every time.
Our Technology Partners
Empowering innovation with cutting-edge solutions designed to drive efficiency and transformation.
Transform Your Hospitality Business with Expert Accounting Support
Focus on delivering exceptional service while we take care of your financial needs.
We combine deep industry knowledge with cutting-edge accounting technology to offer customized solutions that save you time and money. Here’s why we’re the right choice for your hospitality business:
Industry-Specific Expertise
Our team has extensive experience working with businesses in the hospitality sector, making us experts in managing complex financial operations for hotels, restaurants, and more.
Accurate and Timely Financial Reporting
We deliver precise and timely financial statements that allow you to make informed decisions and run your business more efficiently.
Cost Optimization
Through careful analysis and tracking, we identify areas where you can reduce costs and improve profit margins, helping you get the most out of your revenue.
Tax Compliance & Planning
We ensure that your business stays compliant with all tax regulations and help you plan for taxes in a way that minimizes liabilities.
Scalable Solutions
As your business grows, we scale our services to meet your needs. Whether you're a small restaurant or a large resort, our solutions are tailored to fit.
Streamlined Operations
Our outsourcing model frees you from the hassle of managing in-house accounting. We handle everything, from bookkeeping to financial reporting, so you can focus on running your business.
Client Testimonials
See how we've helped others achieve their financial goals with personalized solutions and expert guidance.
"Excellent work with invoicing automation and AP & AR processing. Highly recommended!"
Aaron Attwell
Director
"Excellent team to work with. Great work. Will use their service again for sure."
Jon Kontopos
Vice President
"Exceptionally understanding and competent team. A wonderful experience."
Andy Seth
CFO
"Your team has been outstanding, and we're truly grateful for the exceptional service you've provided in managing our accounting and bookkeeping. The positive outcomes and seamless interactions have been invaluable to us."
Kevin G. Gilles
Founder & CEO
"We wanted to thank you for all of the work and efforts you have completed on our behalf in assisting with the management of our accounting and bookkeeping over the last several months. We have had nothing but positive results and interactions with the Whiz team."
Christopher T. Wright
CFO
"Let me open by saying how pleased I am working with you and the team. It has been an excellent journey so far and I very much appreciate the efforts over the last year."
Kendall Schoenrock
President, SilverRock Ventures
" Love working with the team. Very reliable and responsible"
Nikolas Dimitroulakis
Co Founder
Have questions in mind? Find answers here...
Outsourced accounting helps reduce overhead costs, improve financial accuracy, and free up time for you to focus on growing your business. It also provides access to industry-specific expertise, helping you manage cash flow, reduce tax liabilities, and make data-driven financial decisions.
Outsourced accounting allows you to scale your financial services up or down based on demand. During peak seasons, we can provide more detailed financial tracking and reporting, while during off-peak periods, we can adjust services to suit your needs, ensuring consistent financial oversight year-round.
Absolutely! We are experienced in managing the financial needs of multi-location businesses, whether you operate a chain of hotels, a group of restaurants, or a combination. Our team ensures that all locations are properly consolidated and compliant with financial reporting standards
We take data security very seriously. Our team adheres to the highest standards of data protection, using secure, encrypted software for all financial transactions and data storage. We also comply with all relevant privacy laws to ensure that your financial information remains confidential and protected.
The cost of outsourcing depends on the scope of services you need. We offer flexible pricing based on the size of your business and the complexity of your financial needs. Our goal is to provide a cost-effective solution that saves you money while improving the quality of your financial management.
You will have access to your financial data in real-time, thanks to our cloud-based accounting systems. We provide timely, accurate reports that are available at your convenience, ensuring that you always have up-to-date information to make informed business decisions.
Thousands of business owners trust
Whiz to manage their account
Let us take care of your books and make this financial year a good one.
Hospitality Accounting: A Crucial Aspect for Success
Managing finances is crucial to staying profitable and compliant. Effective hospitality accounting helps businesses control costs, optimize revenue, and ensure tax compliance, all of which contribute to financial stability. Whether you’re a hotel, restaurant, or event venue, outsourcing your accounting for the hospitality industry to experts like Whiz Consulting can alleviate the pressure of managing complex financial operations.
Our hospitality accounting services cover a range of functions including bookkeeping, payroll, tax filing, and financial reporting. With the right accounting partner, you can focus on growing your business while knowing that your financial operations are handled by professionals.
Outsourcing hospitality accounting provides access to professionals with specialized knowledge in the unique financial requirements of the hospitality industry. The experts are well-versed in managing the complexities of hotel and restaurant accounting, such as tracking occupancy rates, handling revenue per available room, and managing food and beverage costs.
By outsourcing accounting services, hospitality businesses can avoid the overhead costs of hiring and training in-house accountants. This offers greater financial flexibility, as businesses only pay for the services they need, without the long-term commitments of full-time employees. Additionally, outsourcing helps reduce costs associated with software, benefits, and office space.
Outsourcing allows hospitality business owners and managers to focus on core operations, such as guest satisfaction and service quality, rather than getting bogged down in accounting tasks. With a dedicated accounting team handling financial reporting, tax filings, and compliance, businesses can save time and streamline their operations.
Get the peace of mind that comes from partnering with our experienced finance team.
Peter McKendry
Chief Executive Officer, The Co-Group Limited
After giving opportunities to numerous accounting services providers, we found Whiz consulting. The experience of working with Whiz was overwhelming. The timely and accurate deliverable of the team is commendable. Highly recommended.
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