Accounting Services for the Hospitality Industry

Running a profitable hospitality business revolves around managing money but this can be difficult and time-consuming for many restaurants, bars, and food service businesses. Between dealing with accounts payable and payroll, regulating operating costs and tracking inventory, maintaining your finances requires significant time and effort. Outsourcing these important tasks to Inemer, Cohen & Wolf LLP is more cost effective than trying to handle all of these functions in house. With our help you can closely monitor expenses, get your bills and employees paid on time, and reduce your tax liability.

If you own a hospitality business in New York, contact us now and schedule an initial consultation to discuss customizing a package or accounting and tax services for your business.

Financial Reporting

We can compile valuable financial reports you can use to track labor, food and beverage costs. We also offer general ledger reporting, sales and use tax reports and monthly cost analysis.

Accounts Payable

Keep your accounts payable accurate and up to date by outsourcing to us. We’ll enter invoices, reconcile credit card statements, pay vendors on time and keep you in the loop so you know where your money is going.

Payroll Services

We can handle payroll processing and reporting around the specialized needs of hospitality businesses. We understand how to report tips properly and will get different classifications of employees paid correctly and on time.

Tax Preparation and Planning

We go beyond tax preparation and constantly monitoring state and federal tax regulations and how they might impact your bottom line. Our tax planning strategies will ensure you always save the most money on taxes and never pay more than you owe.