Food & Hospitality
The food and hospitality industry is an ever-evolving game, particularly as we move into the unexpected climate of this new decade. As small and mediums-sized businesses try to adapt to an ever-changing world, the structure of your business is more important than ever.
Let’s get you maximising your profits.
Use your business speciality and we’ll use ours
A Chinese proverb says the best time to plant a tree was twenty years ago – and the second best time is right now. What does this mean for you? Taking your time to craft an effective restaurant or café business plan is the most important groundwork you can complete.
As your partner in business, we help you to understand and prepare for:
- Business and company registration
- Registration for and compliance with tax
- Liquor licensing laws
- Penalty rate structure and the high cost of wages
Why Partner With Us?
Together, we will work through cashflow forecasting and budgeting, setting KPI’s for business benchmarking, viable marketing strategies, and so much more. If you have a question on any aspect of growing and developing, we pool our resources to find you the most effective answer.
Once up and running, let our full service virtual CFO team take the financial reigns and re-focus on growing and running your new business.
Growth IQ’s Approach
As your specialised hospitality accountants, let us help you navigate your current entitlements, and work with you to develop strategies to continue profitable operation.
Restaurant bookkeeping is our bread and butter. We believe Xero is the best accounting software for cafes, restaurants and venues alike.
Xero software and integration makes it easy to:
- Implement recurring invoicing for regular suppliers
- Easily manage your staff payroll
- Sync your POS, CRM and inventory software
- Track stock and inventory with ease
- Access data and track KPI’s in real time
- Streamline your business process with Xero software and integrations
Take Back Your Time
Combining modern software and our expert accountants and bookkeepers makes your café and restaurant bookkeeping simple. The best part for you is the power of a virtual CFO team at your disposal, round the clock. As your specialised hospitality accountants, we manage all your incoming invoices and expenses for you. This in turn, decreases your administration and freeing up more time to work on your business.
Don’t just take our word for it, check out what our clients have to say!
Growth IQ has enabled me to fully understand how our business, Octeine, was performing and subsequently make informed decisions for future development. Hospitality can be a very tough and tiresome industry, Josh and the team have taken the financial worry away so we can focus on what we do best – serving hungry and thirsty customers!
OWner, octeine coffee