Advising a hospitality sector startup

We act for a newly established business in the hospitality sector. We have advised them on a suitable online accounting system which we have implemented for them. We have discussed and agreed with them a relevant reporting structure together with key performance indicators to help them to monitor the financial performance of their business. We have advised them on a range of issues during set up including VAT, treatment of working capital injections, EPOS systems, practical procedures for cashing up and reconciling takings. They provide their records and financial data to us electronically and they can access their records online at any time, including copy invoices and documents which are linked to individual transactions.