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In today’s competitive environment, the restaurant and hospitality industry always aims to enhance the business and reduce the cost by maintaining quality and customer satisfaction level at Top most. However, being a restaurant or franchise owner, they do not get time to manage staff, processing timely payment to vendors, handle day to day operations and most importantly manage accurate hotel and restaurant accounting services.
Ascentry offers hotel & restaurant owners with cost-effective accounting services for restaurants and accounting for hotels.
Ascentry makes a difference to the normal restaurant bookkeeping services and hotel bookkeeping services by analyzing the key elements of the business and providing integrated accounting solutions. We have an extensive expertise in dealing with the franchise driven hotel or owned by a single-headed ownership with the most cost-effective solutions.
Identifying and setting different charts of accounts which prevail as a norm in the hospitality industry
Recording of sales/revenue on the basis of reports available on your PMS/POS system
Recording receipts from customer
Verifying and recording bills from vendors
Payment to vendors
Processing employees’ pay and update payroll file
Processing other tax related reports
Recording depreciation and other adjusting entries
Entering Bank Transactions
Calculation of franchise fees if any as per the standard norms of applicable franchise
Providing calculation and analysis of occupancy ratio, revenue per room after allocating different overheads and calculation of margin ratio of different departments
Month-end or year-end closing entries
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