Turn up the heat on your financial future.
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Spending long hours in the kitchen, on the floor or behind a bar doesn’t leave any owner of a hospitality business with much time to deal with cash flow and financial planning. If you need someone to cook your books – in a thoroughly legit way, of course – our team of accountants, bookkeepers and business advisors is here to stir things up.
Like a tasty solution to your accounting dilemmas? Let’s talk
LEt's TalkAccounting is a little bit like making a cake. Admittedly, it’s not anywhere near as tasty, but that’s the burden of being good with numbers rather than food. You do, however, have to be very precise to get the best results. And that’s where Illumin8 can assist your hospitality business and help profits rise.
As accountants, bookkeepers and business advisors, we’re experts at recording and interpreting financial information, so we can take the pain away from the business side of your small business. We can free up your time, so you’re able to better serve your excellent food, tasty booze and undeniable charm to your customers.
Talk to us about your plans for the business and how you’d like to get there, and we’ll formulate ways to do things better, tailored to your specific business. Want to go from food truck to franchise, or from beer connoisseur to pub owner? We can help you get your finances on track to make your delicious dreams come true.
Sam Keck
Commonfolk Coffee Company
In another episode of our client chat series, Andrew sits (stands) down with Commonfolk director Sam Keck to chat all things coffee, business, Commonfolk, Illumin8 and more, with a bit of banter on the side (watch for the end if you want to see how much Andrew just loves coffee!)
Our team of small business accounting experts, bookkeepers, tax specialists and business advisors are here to help. Let’s chat.
Our Better Business Guide is our gift to you. We’ve wrangled 14 thought leaders, including some of the members of our team of stars, compiled their expert advice and tips and put it all under one cover. Grab your free Better Business Guide today.
We're more than happy to help.
Got plans to grow but need some sweet, sweet cash to make it happen? Most grants and all banks are going to want to see accurate financial records and reports before dropping money into your account. Our team of experts can provide you with guidance to access grants and loans and help you achieve your goals faster.
We’ve got our heads in the cloud — in a good way. Using a cloud accounting program and other technology can streamline business processes and drive efficiency. It’s especially true for hospitality businesses, where you can add time-saving tech like Square if you’re selling your homemade jam at a market stall, QR codes so people can order and pay at their table, or integrated online ordering systems so customers can order takeaway or delivery directly from you. We’re all about helping you work smarter, not harder.
OK, you might have got good grades in maths class all those years ago, but do you really know how to keep track of the finances in your small business? Depending on the size of your hospitality business, it’s possible you’ve got a box of receipts and a paper ledger doing all your heavy financial lifting. It’s time to talk to an accountant who can help you streamline the management of your finances with access-anywhere technology. Yep. Say hello to cloud accounting, which brings accurate business metrics to your fingertips, anytime and anywhere.
If you tend to leave all the thinking about your tax until the end of the financial year and avoid calls with the ATO, you’re not the only one. Without the help of an accountant, tax specialist or bookkeeper it’s easy to become confused by what is required to remain compliant and keep your numbers in the black. As small business tax and accounting specialists, it’s our job to maintain records and reporting and keep you compliant. We’re here to bring you peace of mind when it comes to record keeping and financial reporting, so you can get back to the business of food and drink.
We can provide you with strategic business advice to help you make the most of the present and plan for the future. That could involve putting together a five-year plan for your business with goals and milestones or workshopping how you can add a second outlet or upgrade the kitchen while still being profitable, plus a whole lot of other stuff in between.
They’re important for all businesses, but in a high turnover industry like hospitality, it’s even more so. You’ve got suppliers dropping off orders, high and low seasons to contend with and staff to pay every week, so cash flow, budgeting and forecasting needs to be accurate and ongoing. When you get that right – and our team of bookkeepers, accounts and business advisors is here to help you plan for success – you’ll be stressing less about money and focusing on serving your customers.
Switching accountants or engaging an accountant for your small business the first time is a big deal. We get it. To help you decide if you’re ready and if we’re ‘the one’, we’ve pulled together some As to frequently asked Qs.
Illumin8 acknowledges Aboriginal and Torres Strait Islanders as the first Australians. We recognise the land that we work on, the Mornington Peninsula, is home to the Bunurong/Boon Wurrung members of the Kulin Nation. They have lived here for thousands of years and have traditional connections and responsibilities for these lands & waters. We pay our respects to all Elders, past and present.
