Home > Services > Specialist Restaurant & Hospitality Accountants

SPECIALIST
RESTAURANT & HOSPITALITY
ACCOUNTANTS

Chartered Certified Accountants based in London
Over 30 years of combined experience
A full menu of accountancy services
FD level support for hospitality entrepreneurs

Leading accountants to restaurants, bars and hotels.

With over 30 years of combined experience, our digitally-enhanced finance function provides restaurant and hospitality entrepreneurs with financial clarity and specialist advice to navigate past obstacles, identify opportunities and
grow with confidence.

We’re trusted partners of some of the London’s leading Michelin-starred restaurants, fine dining restaurants, themed restaurant groups, hotels, franchises, individual bistros, gastro pubs, bars and pop-ups.

✔ Save up to 50% on bookkeeping and accountancy costs,
✔ Digitally enhanced finance function,
✔ Hospitality specific accounting, payroll, tronc and tax services,
✔ Free up time and frustration,
✔ Dedicated finance partners,
✔ Grow with confidence.

“As a operator that has previously received arduous bookkeeping and accountancy services, Prysm Financial have not only streamlined our day-to-day finances, but also provide valuable insight into the financial performance of Paradise.”
Dom FernandoParadise

SAMPLE MENU

A full menu of accountancy services for restaurants, bars and hotels

STARTERS

AUTOMATED PURCHASE INVOICE CAPTURE

Automated purchase invoice collection and AI based data extraction with 99.99% accuracy.

REAL TIME TRANSACTION PROCESSING

Bookkeeper who chases down missing invoices, process transactions and manage your finance mailbox.

PURCHASE LEDGER MANAGEMENT

Including creditors report and supplier payment run.

MANAGED PAYROLL

Full hospitality payroll with digital payslips, including pension and tronc.

MAINS

CASH FLOW ANALYSIS

FLASH REPORTS

Weekly flash reports to keep track of sales, spend and margins.

MONTH END RECONCILIATIONS

Full month end reconciliations including sales, cash/card, petty cash, bank and supplier.

MANAGEMENT REPORTS

Robust, accurate and clear management reports with forecasts and cash flow projections delivered soon after the month end.

VAT COMPLIANCE

Accurate and filed on time.

DESSERT

SECTOR SPECIFIC TAX ADVICE

Including capital allowances, super allowances and R&D tax relief.

SERVICE CHARGE AND TRONC

Specialist tronc advice and troncmaster services

YEAR END ACCOUNTS

Annual financial statements, statutory accounts and corporation tax, and confirmation statements.

We’ve streamlined clunky processes to provide a full accounting function to restaurants, bars and hotels at a fraction of the cost compared to traditional accountancy firms.

We provide Financial Clarity with FD level support to hospitality entrepreneurs

FINANCIAL CLARITY

Robust, accurate and clear management reports with forecasts and budgets to navigate past obstacles, identify opportunities and grow with confidence.

Trusted finance partners of by some of the London's leading restaurants, bars and hotels...

“My restaurants have a fully outsourced accountancy solution for all aspects of our business – I happen to have changed accountants a year a ago and have been happy with the transition and results thus far. Bhimal and his team understand the intricacies of our wonderful industry”

“As a operator that has previously received arduous bookkeeping and accountancy services, Prysm Financial have not only streamlined our day-to-day finances, but also provide valuable insight into the financial performance of Paradise.”
Dom FernandoParadise

“Bhimal, Tahir and the wider team are an incredible resource for restaurants. It's not just a basic accounting service - they bring valuable advice, and genuinely care about the success and growth of Apoy.”
Budgie MontoyaApoy

“Since moving to Prysm, we’re now able to ask specific questions so we can better understand our projected sales and far better control our employment costs, which have reduced month-on-month from 42% to 32% of turnover.”
Jay PatelLegare

“Our previous accountant didn’t have our accounts in good shapes and I didn’t know where we were for the accounts and numbers. I now know where we are with accounts and it has enabled me to make some difficult yet necessary decisions on the business such as disposing sites that are not making enough profits and focusing time and effort on projects that do bring in profits”

Why partner with Prysm Financial?

Why do restaurants need specialist accountants?

A specialist restaurant accountant provides financial clarity and specialist advice to navigate past obstacles, identify opportunities and grow with confidence.

Prysm Financial’s specialist restaurant and hospitality team are trusted partners of some of the London’s leading Michelin-starred restaurants, fine dining restaurants, themed restaurant groups, hotels, franchises, individual bistros, gastro pubs, bars and pop-ups.

Save upto 50% on bookkeeping costs

Our best-in-class transaction processing technology does the legwork with 99.99% accuracy so you’re not paying over-the-odds for data entry and bookkeeping.

Daily transaction processing

We process transaction daily to quickly identify upcoming obstacles and provide robust and accurate management reports soon after the month end.

Dedicated bookkeeper

Bookkeepers chase down missing invoices, process transactions, manage queries, liaise with suppliers and manage your finance mailbox.

Reduce time and fustration

Spend less time chasing old invoices and checking for errors.

Affordable

Our unique digitally-enhanced finance function allows us to provide a comprehensive range accounting, VAT, payroll and tax services
at a fraction of the cost compared with traditional accountancy firms.

Grow with confidence

We provide timely, accurate and clear management reports with sector specific KPIs.

National coverage

With a HQ in London, we support entrepreneurs in London
and throughout the UK.

Specialist restaurant accountants

With over 30 years of combined experience working with some of the London’s leading Michelin-starred restaurants, fine dining restaurants, themed restaurant groups, hotels, franchises, individual bistros, gastro pubs, bars and pop-ups.

Introductory Meeting

To arrange an introductory meeting,
or for a quote, please complete the below form.

Why partner with Prysm Financial?

✔ Specialist restaurant and hospitality accountants
✔ Chartered Certified Accountants
✔ Full service – bookkeeping, accounting, payroll and tax,
✔ Free up time and frustration,
✔ Dedicated finance partners,
✔ Grow with confidence,
✔ Powered by Xero.

HOSPITALITY
ENTREPRENEURS
CLUB

Our commitment to the sector is further supported by the Hospitality Entrepreneurs Club — a quarterly roundtable that brings together a cross-section of leading restaurant owners and industry experts to share ideas, exchange views, discuss current challenges, and do some all-important networking.

The last event, hosted over lunch in 2024 at the historic Bleeding Heart restaurant in Farringdon, guest speakers and industry experts will recap on the first half of 2024 and discuss the key trends, opportunities and challenges shaping the sector in 2024.