Financial management software
Hospitality accounting software
Hospitality accounting software that provides businesses in the restaurant, hotel, bar, sports club, and leisure industry with comprehensive financial management tools, streamlining operations and enhancing efficiency.
Access Financials gives full visibility of your hospitality business’ finances and operations – gain a full picture of costs and expenses, revenue and profit at the click of a button. Reduce costs by effectively managing margins, price accurately and improve management reporting.
Trusted by leading Hospitality Businesses across the UK
Increase your profit margins with hospitality accounting software
Access Financials, our accounting software for the hospitality industry, provides medium to large operators with powerful tools and features that streamline financial operations, enhance cost control, and optimise revenue generation.
By automating tasks such as revenue tracking and expense management, our hospitality accounting software eliminates manual errors and saves valuable time. Gain real-time insights into your financial performance through detailed reports and analytics, and identify areas of potential savings and revenue growth.
Connected finance and hospitality software
Making your life easier
Access Financials connects with our hospitality EPoS software (electronic point of sale or till system) and our purchase-to-pay system, Procure Wizard.
Information flows into your finance system, giving you full visibility of how much you have sold, how much it cost you to sell, how much profit you have made and how much stock you need and have. All your data in one place, no more multiple systems.
Who’s our hospitality accounting software for?
Hotels and Restaurants
Manage your costs, spend and profits and focus on providing great guest experiences in your restaurant or hotel.
Pubs and bars
Streamline processes, reduce costs and increase profits for your pub or bar.
For the wider hospitality industry
Monitor cash flows, track sales trends and identify opportunities with hospitality accounting software.
Increase your restaurant or hotel profit margin with hospitality accounting software
Our hospitality accounting software helps hotels and restaurants with:
- Enhanced profit margins through better revenue management and cost control.
- Accurate and real-time performance reports for analysing sales, expenses, and profitability. No more waiting weeks or months to have a clear picture of your hotel or restaurant’s finances. Wake up in the morning and see what profit you have made the night before.
- Improved decision-making with insights into key performance indicators (KPIs) such as food costs, labour costs, and revenue streams.
- Time-saving automation of routine accounting tasks allowing staff to focus on providing great guest experiences.
- Improved cash flow management through monitoring and analysis of sales trends, payment processing, and accounts receivable.
Get real-time reports for your pubs and bars
Benefits of our hospitality accounting software for pubs and bars include:
- Access to real-time reports and dashboards giving you insights into your costs, expenses, sales, cash flow and revenue streams. This allows you to identify areas where your pub or bar can reduce costs and increase sales and profitability.
- Simplified management of multiple revenue streams, such as sales broken down by region, site if you have multiple sites, accommodation, food or beverage, VAT etc.
- Automated accounting processes and reduction of errors – no more rekeying data from your supplier invoices or staff expenses thanks to automated accounting tasks.
- Streamlined finance and operational processes – connected to our hospitality software suite such as our purchase-to-pay EPoS system, view your pub or bar’s finances at the click of a button. No more waiting to know how much you have sold the day before.
Accounting software for the wider hospitality industry
Access Financials is suitable for many medium to large sized operators in the hospitality industry. In addition to hotels, restaurants, bars and pubs, this also includes cafes, sports clubs, leisure and many other hospitality related organisation.
For example, sports clubs can manage membership dues and analyse revenue from events and programmes.
Hospitality organisations can monitor cash flows, track sales trends, and identify opportunities for cost savings or revenue growth.
Key features of hospitality accounting software
Our hospitality accounting software takes the headache out of complex finance processes and allows you to wake up in the morning and instantly see what profit you made the night before. Features include:
Book a demo of hospitality accounting software
Hospitality accounting software
What is hospitality accounting software?
If you run a medium to large hospitality organisation, across multiple sites, then it’s likely you will need support in the form of powerful tools that help you streamline financial operations, enhance cost control and optimise revenue generation from an accounting software package such as Access Financials. Hospitality accounting software takes the headache out of complex finance process and allows you to wake up in the morning and instantly see what profit you made the night before.
What is accounting in hospitality industry?
Simply put, accounting in the hospitality industry is knowing what the food on the plate cost you to put there, and how to price accurately to maintain healthy margins. This can be tricky for restaurants and hotels running over multiple sites, but implementing accounting software such as Access Financials allows you to move beyond the workarounds to a smarter, more integrated and scalable way of working.
How does accounting software help my restaurant or hotel?
Restaurants and hotels benefit from hospitality accounting software in many ways. Profit margins can improve, time is saved by automating manual routine tasks and cash flow management can be more efficient. What’s more, if you integrate your finance software with your hospitality EPoS, and Purchase to Pay software like Access Procure Wizard you gain full visibility of how much you have sold, how much it cost you to sell, how much profit you have made and how much stock you need and have. All your data in one place, no more multiple systems.
How can hospitality accounting software help my profit margin?
Hospitality accounting software enables better cost control, improved pricing strategies and profitability analysis. Accurate reporting tools allow you to swiftly analyse sales, review expenses and track profitability, accurately.
The improved decision-making, with insights into key performance indicators (KPIs) such as food costs, labour costs, and revenue streams, ultimately helps you manage healthy profit margins. The luxury of an accounting software packages like Access Financials you will reduce the time you spend on routine accounting tasks, freeing you up to focus more time on providing excellent customer service.
Access Workspace for Hospitality businesses
We offer a full suite of software solutions for hospitality organisations within Access Workspace, our cloud-based platform.
Access Workspace helps you manage everything for your hospitality business with up-to-date and connected data: Expense, Purchase to pay, EPoS (electronic point of sale), bookings, CRM, HR, Payroll, and more – all in one place.
We help hospitality businesses reduce costs and give them the freedom to do more and deliver the greatest possible service.
