Whether you run a pub, restaurant, brasserie, delicatessen, hotel or catering company, operating in the hospitality sector requires constant adaptability. You deal with daily turnover, varying VAT rates, cash register systems (GKS), flexi-workers and students, and often also with seasonal peaks or last-minute cancellations. That is precisely why you need an accountant who knows the sector inside out. Are you looking for bookkeeping assistance, tax and financial advice, or guidance on investments? Our hospitality experts are ready to assist you.
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Accurate hospitality bookkeeping is about more than posting invoices. It also involves verifiable daily takings, the correct VAT code per activity (restaurant, takeaway, beverages, catering, etc.), and the proper processing of costs that can rise quickly, such as staff, energy, rent, suppliers and depreciation.
We work with you to organise your bookkeeping as efficiently as possible:
correct processing of cash register and payment data
monitoring of food and beverage cost
insight into gross margin per product group (kitchen vs bar)
correct processing of tips and staff costs
This helps you avoid tax surprises and gives you a clearer view of where your profit or loss comes from.
Every hospitality business is different. A Michelin-starred restaurant focuses on quality, staffing levels and margin per cover, whereas a sandwich bar or fast food outlet primarily relies on volume and speed. In turn, hotels and catering businesses revolve around packages, advance payments and long-term planning.
We support hospitality entrepreneurs in all forms, from neighbourhood pubs to event caterers, from delicatessens to pop-ups or food trucks.
Thanks to this experience, we can provide advice tailored to your specific situation, such as:
peak moments versus quiet days: how profitable is your staff planning?
dealing with reservations and no-shows: how do you ensure a stable turnover?
pricing: when should you adjust your menu prices?
cost structure: where are you experiencing hidden margin losses?
In hospitality, investments often come faster (and more frequently) than expected: kitchen equipment, refrigeration systems, terrace furniture, renovations, ventilation, energy-efficient upgrades or a new interior. And every once in a while you take an even bigger step: a second location, an acquisition or a new concept.
PIA Group is happy to assist you with:
· investment plans and profitability calculations
· discussions with banks and funding proposals
· acquisitions: from valuation to structure and follow-up
· assessing the impact on cash flow (especially for seasonal businesses)
This allows you to make decisions based on figures instead of gut feeling.
The hospitality sector is particularly sensitive to fluctuations: energy prices, supplier indexation, wage costs, weather conditions or changing consumer behaviour.
That is why we focus on more than accounting alone. Clear figures and analyses give you control over:
your cash flow and payment timings (VAT, social security contributions, suppliers)
your break-even point (how many covers per day do you need?)
developments in margins and cost prices
scenarios in the event of price increases or additional staff
This enables you to adjust in good time, plan more intelligently and grow sustainably as a hospitality entrepreneur.