Recent years have revealed what we’ve always known.
Hospitality is even more susceptible to market fluctuations than most people realized. It’s prompting restaurants, hotels, and caterers – emerging and longstanding – to seek stronger financial controls. But what does stronger really mean? After all, many hospitality enterprises with carefully assembled teams go belly-up each year.
FHHP arms hospitality with strong financial controls.
For 60+ years, FHHP has offered hospitality clients the timely financial information they need to take advantage of profit opportunities. More valuable yet, we look past short-term numbers to give you the solid business and financial advice a competitive edge requires. From operational complexities to profitability studies and payroll to monthly financial statements, owner/operators benefit from our matchless knowledge of the industry’s day-to-day demands, combined with our solid understanding of the financial requirements your business must satisfy.
In addition to auditing, accounting, and tax strategy, FHHP offers hospitality clients the following consulting services:
- Designing financial and operation controls
- Internal control evaluations
- Comparative industry analysis
- Food, beverage, and menu cost analysis
- Franchise reporting
- Assistance obtaining financing
- Business plans
- Profitability studies
- Tip reporting and allocation compliance
- POS and accounting system selection
- Restaurant valuations
- Sales, income, and tip reporting
- Tax examination assistance
“FHHP is the choice of many restaurants, hotels, and golf courses because we understand and plan for the cyclical nature of seasonal business – and the many financial and economic trends that can impact it.”Kevin A. Steet, CPA, MST, MBS