Accounting Solution for the Hospitality & Leisure ... - Cowgill Holloway

The Five Star accounting
solution for the hospitality
and leisure industry
If you would like any further information,
in the first instance please contact: Stuart Stead
Telephone: 0161 827 1200
Email: stuart.stead@cowgills.co.uk

Offering a comprehensive accounting framework
to the hospitality and leisure industries...
Cowgill Holloway is a leading independent provider of high
quality outsourced accounting and financial services
specifically tailored to the hospitality and leisure industry.
In particular, we have significant experience in working with
hotel groups, restaurant chains and bars.
We are dedicated to dramatically reducing costs and
improving your business processes allowing business owners
and management to focus on growing their businesses.
“ Cowgill Holloway continues to
be our number one choice for all our
outsourced financial solutions”
Umesh Ummat, Chairman, Brook Hotel Group

Our services
“ Instant access to trained resource
to support your growth”
Cowgill Holloway offers a comprehensive end to end finance and accounting
outsourced service that can be selected in full or part covering:
What we do...
Every industry sector has its own unique features and different needs. The hospitality and
leisure industry is no different and at Cowgill Holloway, we tailor our service to your needs
which gives you the advantage of sophisticated accounting and administration without the
worry, stress or outlay of running such a department in-house.
A genuine interest in the hospitality and leisure industry means we understand your need
to receive timely and reliable management accounting information in your desired format.
Regular revenue reports, cost reports and resource forecasting are critical to the sector.
These accounting and administrative functions are time consuming, and can mean that you
are distracted from core business tasks which shouldn’t be ignored in such a highly competitive
market place which is sensitive to changing economic conditions.
You can choose to use as many or as few of our services as you require. We assign a team of
people who are dedicated to running the ‘back office’ for each client and quickly become part
of your team, enabling you to achieve a reduction in fixed overheads and vastly save you time.
Data processing
• Purchase orders and invoices
• Entries from Micros and other leading front-end systems
• Cash book entries
• Payroll processing
Bookkeeping services
• Control account reconciliations
• VAT returns
Financial control
• Daily Management Information
• Weekly / Monthly reporting
• Business Intelligence
• Cash flow management
• Stock valuation
Commercial support
• Preparation of board reports
• Stakeholder liaison
Scheduling advice
• Forecast staffing levels
• Monitor output and proactively save money
Bespoke Reporting
Bespoke daily revenue reports consolidated across the entire
business can be produced at the start of the working day.
Reporting services
Weekly reports (examples):
• Analysis of rooms sold by market segment
• Catering revenue report (including diners to sleepers ratio)
• 16 week rolling revenue forecasts
• Housekeeping costs per room
• Food flash
• RevPar
• Occupancy
• Wages costs to sales %
• Advice on forecasted payroll resource
Monthly reports (examples):
• Departmental, geographical, company and group wide
management accounts
• Debtor days
• Stock days
• Bank covenant testing
• Rolling cashflow forecasts
• Preparation of finance packs for board meetings
Additional services
• Energy reduction and capital expenditure advice
• Bespoke reporting
• VAT
• Capital allowances
• Audit and Compliance

The benefits
Reduce costs
• Eliminate hiring, training expenses and overheads
• Replace your monthly fixed staffing cost with a variable cost by using us as and when you need us
Value added customer service
• 24/7 office that allows quick turnaround of information
Exceptional quality and security
• Teams of trained professionals backed by a client manager who adhere to robust service level agreements
• High security and data protection measures
Excellent industry knowledge
• Extensive experience and a genuine interest in the hospitality
and leisure industry has enabled us to build relationships with
key industry advisors and professionals within the sector
• Active members of British Association of Hospitality
Accountants (BAHA), our leisure and hospitality specialists are
always up to date with current industry issues and news