Accounting Support for UAE Hospitality Businesses

Daily sales, many payment types

A hospitality business can take cash, cards and delivery-platform settlements in the same evening. The accounting problem is not complexity of product. It is matching each settlement to the sales it relates to, after commissions and refunds. If that match is missed, the bank reconciliation never clears and the VAT return is built on the wrong sales figure.

Bookkeeping that closes the day

We structure the records around daily sales summaries, supplier invoices for food and operating costs, and the platform statements. Inventory of perishable goods is kept at a level the kitchen can actually count. There is no value in a theoretical stock system that staff will not maintain.

VAT and profit

Prepared food and most restaurant supplies are a different VAT question from a hotel’s residential or serviced-accommodation income. The treatment follows the supply, so a mixed site needs the till and the invoices separated before anyone applies a single rate.

Corporate Tax is then computed on taxable income. High turnover and low margin are normal in hospitality. The accounts have to capture supplier credits, wastage and platform commissions, or the profit will be overstated.