Hospitality & Restaurant
Specialized accounting for hotels, restaurants, cafes, and catering businesses.
Serving those who serve others.
The hospitality industry operates on thin margins and high transaction volumes. From tip reporting and labor cost management to food cost analysis and sales tax compliance, the unique financial landscape of restaurants and hotels requires a specialized touch. Mystic Accounting helps hospitality businesses throughout Northwest Florida keep their kitchens running and their books balanced.
We integrate with your Point-of-Sale (POS) systems to ensure accurate daily sales reporting, reconcile merchant processing fees, and provide the level of financial oversight needed to grow in a competitive market. Our team helps you understand your Prime Cost — the combined cost of food and labor — which is the most critical metric for your success.
Hospitality Financial Services
Food, Liquor & Labor Cost Analysis
Monitor your prime costs with detailed weekly and monthly reports. We help you identify waste, optimize inventory levels, and manage labor schedules to maintain profitability.
Tip Reporting & Compliance
Navigate the complexities of FICA tip credits, Form 8027 filings, and tip pooling/sharing regulations. We ensure your payroll and tax filings accurately reflect all gratuities.
POS System Integration
We reconcile your daily sales from systems like Toast, Square, or Aloha with your bank deposits, ensuring every dollar from cash, credit cards, and delivery apps is accounted for.
Sales Tax & Tourist Tax
Hospitality businesses face multiple layers of taxation. We manage your monthly sales tax filings and local tourist development taxes, ensuring you remain compliant across all jurisdictions.
Complete Hospitality Support
Focus on the Guest Experience
Let us manage your back office so you can focus on the front of the house. Schedule a free consultation today.
Free Consultation