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Book keeping

Poor record keeping is one of the main reasons why small businesses fail. Efficient record keeping will help you to manage your business and make sound business decisions.
We can help you:

• Maintain your business records.
• Determine your food & beverage cost and profitability.
• Monitor your cash flow.
• Demonstrate your financial position to banks and other lenders.

Food & Beverage Cost Control

Good managers learn to understand, control and manage expenses. At HML Hospitality, we understand the need for measuring both Food & Beverage cost.
We can help you:

• Design an effective system to ensure that the cost of food is measured accurately.
• Calculate the cost of serving beverages and optimize your sales mix.
• Engineer your menu for profitability and customer satisfaction.

Financial Performance Analysis

Accurately projecting, monitoring and analysing your business performance will lead to better decision making which will ultimately lead to better profits.
We can help you:

• Analyse your cash flow and identify areas of concern.
• Identify trends in financial performance through ratio analysis (we provide you with an analysis of key performance indicators with every set of financial statements produced).

Taxation*

Tax compliance is an essential part of running a business. Efficient bookkeeping is the first step in ensuring you satisfy your legal requirements and ensuring a quick and stress free tax return.
In conjunction with our associate taxation agent we can help you:

• Prepare and lodge your Business Activity Statements (BAS).
• Prepare and lodge your Annual Income Tax Return.