As the owner of a pub chain, it can be a struggle to efficiently track and monitor the individual and collective performance and profitability of your pubs.
With the wrong financial management software, the task can feel hop-less. (See what we did there?)
Managed Pub Chains & Sage Intacct: A Brewtiful Pairing
With a cloud-based financial management solution like Sage Intacct, you get an easier but more effective way to manage your company accounts.
Whether you have a basic accounting set up or a more complex reporting structure across multiple sites, a pub management software solution like Sage Intacct provides all the functionality you need, helping you to see the bigger pitcher.
What you could gain from using Sage Intacct:
As an owner of a chain of pubs, month- or year-end reporting can be incredibly time consuming.
Whether you have just a handful of pubs in your local area or dozens across the country, producing individual reports is likely to take weeks.
But with Sage Intacct, automated individual reports mean you can access key insights and data for each of your pubs’ financial performance at the click of a button.
Sage Intacct doesn’t just stop at automation of individual reports.
With those taken care of, you can also access consolidated real-time automated financial reports for your business as a whole, allowing you to see the bigger picture as well as drilling down into each individual location.
With Sage Intacct you can say goodbye to those Excel spreadsheets for good!
Produce dimensional reports within the software itself and eliminate all that time spent exporting and manipulating data manually.
For any business, it is vital to be able to flag trends and identify problems.
When you own a pub chain, that requirement is even more important.
Without clear visibility across your business, you run the risk of missing trends or errors which could in turn have a bearing on financials.
With Sage Intacct, you get total financial transparency, with the ability to spot key data patterns at a glance.
Being able to reconcile bank transactions and cash management is imperative to a successful business.
Non-corresponding sets of corresponding transaction data will ultimately result in huge time delays at month-end or, more detrimentally, when it comes to submitting tax returns.
With Sage Intacct, reconciliation is automatic, aligning your financial data with your bank statement and accounting software information, cutting down on time, costs, and eliminating risk of human error.
Dimensional reporting features within Sage Intacct allow you to analyse events, functions and even rooms and tables across each pub location.
Ever wondered which location’s function room brings in most revenue? Need to know whether to focus on driving corporate or private-hire events? Sage Intacct can do it all.
Have you ever been in a situation where one of your pubs has a surplus of stock which needs to be distributed to another of the pubs within your chain?
In most other systems, this scenario would require multiple transactions to be created to record the transfer of stock. But with Sage Intacct, you can take care of inter-company postings from one screen, with the click of a few buttons.
Record, view and report on your daily takings, expenses and accurate profit and loss for each pub as individual entities within Sage Intacct. It’s really that simple!
VAT-registered businesses with a taxable turnover above £85,000 now have to comply with Making Tax Digital (MTD) rules. VAT-registered businesses below this threshold will be required to follow MTD rules from April 2022.
MTD is a big change for any business of any size, but Sage Intacct has been built with MTD in mind, with full compliance and readiness to ensure you can hit the ground running.
At Acuity we understand the accounting challenges of managing a chain of pubs, having helped similar businesses to improve accuracy of reporting, streamline processes and increase profit.
Combining our experience and Sage accounting solutions, such as Sage Intacct we have helped facilitate the financial reporting and improvements in processes delivering real impact for their business… Ale in a day’s work.