Accountants for pub owners

The two most important questions to ask yourself beforehand are:

1. Does my current business have reliable staffing and procedures in place? Provided that's the case, these procedures can be replicated, enabling you to easily transfer administration, staffing and bookkeeping systems to the new location.

2. Do I have sufficient funding to support the new location? It's essential to have a proper budget for your new premises. You'll  also need to ensure adequate funding from financial lenders or other investors. Too often, poor planning for expansion leads not only to the new location failing, but also to the demise of the existing and formerly thriving businesses.

You'll need to determine the optimal staff arrangements for your individual circumstances. We can help you decide which set-up best aligns with your short and long-term financial goals.

In some situations, it can be more cost-effective to move casual staff into part-time roles – particularly if they are regularly rostered onto weekends and public holidays. Award rates are constantly changing and it's important to seek advice from hospitality accountants to manage these changes profitably.

There are many rostering systems out there, each with its pros and cons that may or may not suit your business. In our experience, Deputy is a powerful and dependable rostering system that connects directly to Xero and can handle the needs of most small, medium and large hospitality businesses.