Hospitality

Hospitality professionals are devoted to making others happy. Whether you provide customers with food or a place to lay their head, we know that making every service just right is a tall order. For years Haefele Flanagan has worked with our hospitality clients to help them build guest loyalty, maximize their profits and develop sound strategies for expanding their footprint. We know that controls are vital in the hospitality industry, especially in a business that deals heavily in cash receipts or items susceptible to wastage. We have a solid foundation in fraud prevention and can assist you in creating robust internal controls to protect yourself and your business interests.

With the support of our team, you can develop strong internal reporting and dig into those small details that are so important. We can help you decipher the best way to gather and use data to maximize your finances – whether it’s reducing food and beverage waste or generating the reports you need to run your business on a timely basis.

In addition to our core services, we provide the following:

• Assistance in applying revenue recognition rules
• Assistance in selection and implementation of accounting information systems
• Benchmarking
• Capital planning and budgeting
• Cash flow forecasting, projections and modeling
• Comprehensive evaluations of internal controls
• Evaluating and negotiating financing
• Human resources consulting
• Inventory management
• Navigation of sales and use tax regulations for multi-state operations
• Outsourced accounting services