Staff theft incident exposed by financial compliance auditing

5 Alarming Incidents Exposed by Financial Compliance Auditing

5 Alarming Incidents Exposed by Financial Compliance Auditing Table of Contents Unrecorded safe checks lead to £3,000 worth of losses Staff discount abuse exceeds 15% of monthly turnover Incorrect deposit records cause cash flow crisis Missing statutory signage leads to fines Wrong VAT reporting results in huge losses “Financial compliance auditing is often understood to…

Corporate Governance and Risk

How Well Does Your Business Address Governance and Risk?

Corporate Governance and Risk in 2018   2018 was a year of quite startling change for the hospitality industry, in many ways. Certainly our company, Venners, went through a process of reinvention, as companies often should. At the same time, the industry’s trading and regulatory climate shifted to something more complex, more dystopian.   Venners…

Cafe restaurant manager analysing the benefits of stocktaking data on his business

5 Benefits Regular Stocktaking Brings Your Business

You may not be surprised to hear us say that stocktaking is the answer to your restaurant, pub or hotel’s stock control management. You may be surprised though about the direct benefits regular stocktaking could bring your hospitality business! It’s more exciting than you’d think!   1. Stocktaking brings gross profit margins under strict control.…