Free

Management Accounting and Cost Control for Hospitality Businesses

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The Enterprise Village

Prince Albert Gardens

Grimsby

DN31 3AT

United Kingdom

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Event description
The hospitality side of the business is what you're familiar with. However, the management and finance side is altogether different!

About this Event

Operating as business in the hospitality industry is not easy. Its competitive, involves long unsociable hours,for sometimes not a great reward as the business owner, but can produce great satisfaction when done well.

This workshop is designed to help you think differently about your business. We will look at the following areas.

- How you are pricing your products and services!

- What are your costs for operations and what should your be doing to break even

- Staffing – how to retain and what you need to do even if they work part time

- What are management accounts?

- What accounting information you need to review and understand on a monthly or quarterly basis?

- VAT and the implications of this on your business

- How do I reduce my tax liability?

- Cash management?

- How to get the best discounts from my suppliers

- Stock control what should I keep on hand and what gets wasted

- How to make decisions quickly in your business to have a positive outcome for your future

At the end of the session we hope you will have gained an insight to the financial management of your business. How to understand your financial reports and what financial reports you need.

About the speaker;

Colette Spence – CEO of Spence Accounting Limited.

Colette as been trading for 14 years as an accountant and has a team of 15 supporting her and the clients of Spence Accounting Ltd. She has worked in industry as well as practice so understands the frustrations of small businesses. Colette and the team are partnered with software providers such as Quick Books, and Xero among others and are certified users of the software.

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Your Event Eligibility:

Our new GAIN workshops are entirely FREE to attend for eligible SMEs.

If you haven’t already completed an Expression of Interest Form (EOI) you will be contacted by your local business advisor to complete your registration to the GAIN programme either over the phone or in a 1-2-1 meeting with you at your convenience. Either way, a member of our team will then be able to confirm your event booking.

Should you have any questions then please contact E-Factor on 01472 252780

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Date and Time

Location

The Enterprise Village

Prince Albert Gardens

Grimsby

DN31 3AT

United Kingdom

View Map

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