Sassetti LLC
HOSPITALITY
Hospitality Runs on Details. So Should the Financials.
Guests experience the front of the business. Owners have to
manage everything happening behind it. We help hospitality
operators bring greater clarity to accounting, taxes, reporting,
cash flow and financial decisions so they can focus on delivering
the experience that keeps people coming back.
01
Understand Performance
02
Manage the Margin
03
Plan What's Next
HOSPITALITY FINANCIAL ADVISORY
BEHIND EVERY GREAT GUEST EXPERIENCE
Strong operations deserve equally strong financial visibility.
WHO WE SUPPORT
Different Guest Experiences. Similar Financial Complexity.
Hospitality can look very different from one business to the
next, but operators share many of the same pressures around
labor, costs, cash flow, reporting and changing demand.
01
STAY
Hotels & Resorts
Bring together financial reporting, payroll, operating
costs, tax planning and property-level performance into
a clearer picture of the business.
Property performance • staffing • capital needs • cash flow
02
DINE
Restaurants & Bars
Improve visibility into sales, labor, food and beverage
costs, cash flow and operating performance while reducing
the administrative burden behind the business.
Sales • labor • COGS • location performance
03
GATHER
Event & Hospitality Venues
Support financial planning around variable revenue,
event activity, staffing, vendor costs, cash timing and
longer-term investment decisions.
Events • vendor costs • staffing • forecasting
THE HOSPITALITY PERFORMANCE BOARD
A Full House Doesn't Automatically Mean a Strong Bottom Line.
Busy operations create a lot of financial activity. The goal
is turning that activity into information management can use
before small issues become expensive ones.
LOOK BEYOND REVENUE
Understand what is actually driving financial performance.
Revenue is important, but hospitality profitability is often
shaped by what happens beneath the top line: labor, purchasing,
operating expenses, cash timing and the mix of revenue being
generated.
Better financial reporting gives management a clearer view of those moving pieces and creates a stronger foundation for pricing, staffing, expansion and other operating decisions.
Better financial reporting gives management a clearer view of those moving pieces and creates a stronger foundation for pricing, staffing, expansion and other operating decisions.
01
Revenue Mix
Understand which areas, locations or activities are contributing to total revenue.
02
Labor
Monitor one of hospitality's most significant and constantly changing costs.
03
Cost of Sales
Track the relationship between revenue and the direct costs required to generate it.
04
Guest Volume & Activity
Connect financial performance with changes in occupancy, covers, events or demand.
05
Cash Flow
Prepare for payroll, vendors, taxes, capital needs and changing levels of demand.
06
Location Performance
Create better visibility when operations span multiple properties or locations.
THE FINANCIAL RHYTHM
Daily Activity. Monthly Clarity. Better Decisions.
Hospitality happens in real time. Your accounting process should
turn thousands of daily transactions into useful financial
information without adding unnecessary administrative work.
01
CAPTURE
Bring the Activity Together.
Organize information from sales, payroll, expenses,
payments and other operational systems into a cleaner
accounting workflow.
02
RECONCILE
Make Sure the Numbers Connect.
Maintain consistent reconciliations and accounting processes
so leadership can rely on the information being reported.
03
REPORT
Turn Activity Into Insight.
Build financial reporting around the information owners
and management need to understand performance and cash flow.
04
PLAN
Use the Numbers Before the Next Decision.
Bring accounting, tax and financial information into
decisions around staffing, growth, investments and
longer-term strategy.
HOSPITALITY ACCOUNTING & ADVISORY
Financial Support From the Back Office to the Big Picture.
Build the mix of accounting, tax, assurance and advisory support
your operation needs today, with room to expand as the business grows.
01
ACCOUNTING
Bookkeeping & Accounting
Reliable bookkeeping, reconciliations and accounting support
designed to keep the financial side of the operation organized.
Explore CAAS
→
02
TAX
Tax Planning & Preparation
Business tax planning and compliance support including
income tax and other tax considerations affecting hospitality operators.
Explore tax
→
03
REPORTING
Financial Reporting
Balance sheets, income statements, cash-flow reporting
and customized management information to support better decisions.
Learn more
→
04
ASSURANCE
Audit & Assurance
Independent assurance and financial statement support
when lenders, owners or other stakeholders need greater
confidence in financial reporting.
Explore assurance
→
05
ADVISORY
Financial Management & Forecasting
Forward-looking financial analysis around cash flow,
budgeting, changing demand, investments and operational decisions.
Explore advisory
→
06
STRATEGY
Consulting & Business Advisory
Strategic support around growth, financial management,
operational improvement and other challenges facing
evolving hospitality businesses.
Explore consulting
→
PLAN BEYOND TODAY'S OCCUPANCY
A busy week and a strong year are not the same thing.
SEASONALITY + CASH FLOW
Prepare for the Highs, the Lows and Everything Between.
Hospitality businesses often manage changing demand while
many fixed expenses continue regardless of how busy the operation is.
Strong financial planning can help management understand how seasonality, staffing, capital spending and other major decisions may affect available cash before those needs arrive.
Strong financial planning can help management understand how seasonality, staffing, capital spending and other major decisions may affect available cash before those needs arrive.
01
Demand & Seasonality
Understand how changing guest activity may affect revenue and cash requirements.
02
Labor Planning
Evaluate staffing costs alongside changes in operating activity.
03
Capital Needs
Prepare for renovations, equipment, property improvements and other investments.
04
Tax & Cash Reserves
Incorporate tax and other future obligations into broader cash-flow planning.
HOSPITALITY IS A PEOPLE BUSINESS
The Guest Experience Depends on the People Delivering It.
Recruiting and retaining employees is a major part of operating
in hospitality. As teams and benefit programs grow, employers
can also face additional administrative, compliance and
financial responsibilities.
Sassetti can support those needs through employee benefit plan audit expertise as well as broader benefit solutions through Sassetti Benefits.
Sassetti can support those needs through employee benefit plan audit expertise as well as broader benefit solutions through Sassetti Benefits.
YOUR PEOPLE + YOUR BUSINESS
Financial strategy and workforce strategy often meet in the same place.
WHY SASSETTI
Hospitality Expertise With a Broader Financial Perspective.
Your needs may begin with bookkeeping or taxes, but growing
hospitality businesses often require support across many
interconnected areas.
01
Know the Operation
We take time to understand how your business earns revenue,
manages people, incurs costs and moves cash before recommending solutions.
02
Connect the Services
Accounting, tax, assurance and advisory support can work
together rather than existing as separate conversations.
03
Think Beyond This Month
Use financial information not only to understand the past,
but to prepare for investments, growth and the next operating decision.
CREATE A BETTER VIEW OF THE BUSINESS
Your guests may never see the financial operation behind the experience. You should.
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