Food & Beverages

The Food and Beverage Industry is large, diverse, and very innovative. It is one of the oldest industries on the planet. The Food and Beverage Industry includes companies involved in transforming raw agricultural goods into edible consumer products. 

The supply chain for this industry includes food processing, packaging, and distribution. It comprises fresh food, packaged food, and beverages (both alcoholic and non-alcoholic). From food sold at the grocery store to cooked meals served at restaurants, institutions, and events, this industry serves various retail outlets. 

Food and beverage processors, particularly small and medium-sized ones, face a number of challenges. Working with various companies gives us the opportunity to learn about their operations, opportunities, and challenges in various ways. Our experience working across the West Coast food and beverage industry, from fruit and vegetable producers to hops, tree nuts, and peppermint processors, gives us a comprehensive perspective that allows us to help your business identify gaps that may be preventing it from reaching its full potential. As the market changes, you must continue to invest in new products, as what is relevant today may not satisfy the needs of tomorrow’s consumers. 

Lanop offers accounting, tax compliance, business consulting and management advisory services to the food industry. As former industry executives, our professionals offer you a fresh perspective on your financial and personal goals.  


Food & Beverages Accountants

Sole Traders
Affordable Cost
Quality of Work

Lanop is adept at injecting financial components into food and beverage professionals’ businesses as they struggle with changing customer behaviour and require a unique mix of services. 

Our chartered accountants and food and beverage specialists have successfully helped several clients. They will provide the best accounting and tax assistance available in the market. 

We work with various food and beverage businesses, such as confectionery stores, sweet shops, cafes, grocery stores, beverage manufacturers, organic food stores, seafood businesses, restaurants, and emerging brands. 

Lanop Accountants eliminates the need to search for an all-encompassing accountancy firm. Our corporate headquarters in London provide practical and efficient solutions to all your accounting needs. 

Our qualified tax and finance professionals work diligently to simplify your life by reducing financial stress and making business models more lucrative and efficient in accordance with up-to-date regulations. 

It is the daily need of 8 billion people. It employs more than 4.3 million people and generates more than £120 Billion in revenue for the UK. 

Accounting is crucial in food and beverage management as it helps businesses track and manage their financial health. It enables accurate record-keeping of revenues, costs, and expenses, facilitating informed decision-making. By analysing financial data, businesses can control costs, set appropriate pricing, manage inventory efficiently, and ensure compliance with tax and regulatory requirements.

The best accounting method for a restaurant often depends on the restaurant’s size, complexity, and reporting needs. Generally, accrual accounting is recommended. This method records transactions when they occur, providing a more accurate representation of financial health. It helps capture sales and expenses in the period they are earned or incurred, even if cash changes hands later.

The financial statements for food and beverage operations typically include:

  1. Income Statement (Profit and Loss Statement): It shows revenues, costs, and expenses over a specific period, providing insights into the profitability of the operation.
  2. Balance Sheet: This statement provides a snapshot of the business’s assets, liabilities, and equity at a specific point in time, indicating the financial position.
  3. Cash Flow Statement: It outlines the cash inflows and outflows, helping understand how cash is generated and used during the reporting period.
  4. Statement of Owner’s Equity (for sole proprietorships/partnerships): This statement reflects changes in the owner’s equity due to investments, withdrawals, and net income.

The role of a cost accountant in a food and beverage organization includes:

  1. Calculating ingredient and material costs for menu items.
  2. Determining overhead expenses like labour, utilities, and rent.
  3. Monitoring and controlling inventory to reduce waste.
  4. Introducing cost-saving measures while upholding quality.
  5. Assessing menu item profitability in collaboration with operations.
  6. Guiding pricing strategies for profitability and competitiveness.
  7. Providing insights for informed cost management decisions.

Accountants in the UK navigate Value Added Tax (VAT) regulations, food service taxes, and tax deductions specific to the industry, ensuring businesses comply with local tax laws.


It employs more than 4.3 million people and accounts for about 20% of the entire manufacturing of the UK. Food manufacturing tends to have relatively high payments to salaries/benefits compared with other industries. 


It is present in every city, town, village, and hovel of the world and is relatively labour-intensive in nature. Recent studies show that every pound (£) of the output of the food and beverage industry generates between £0.30 and £1.00 of additional economic activity. 


Rising food prices and income changes affect food affordability in the UK, particularly for low-income groups. Multiple factors like the service economy, pound depreciation, and expensive imported food aggravate this issue. The UK government introduced measures like the National Living Wage and grocery retail competition. 


A healthy food & beverages sector is vital to national security. The food and agriculture sector contributes to society’s goals for ensuring adequate, secure food supplies; food system sustainability; and nutritious diets. 



Steven George-Hilley
Steven George-Hilley
Our accountancy partners from the very beginning. A great team that tailors its services around the needs of the client, always available for advice, whenever its needed. Love working with them.
Asfand tahir
Asfand tahir
I really don’t know where to start from i can not explain my happiness into words i can try but for sure there must be so many praises remains at the end Thanks indeed indeed Zaib And Lanop all team you guys are amazing i would say if I didn’t have you guys i would have been failed in many things All credit to Lanop what a brilliant firm Lanop Its all about you Zaib And Rehmat Thanks indeed you have done amazing job due to your work i have got my Tier 1 extension application successful within 47 days I can’t believe that i am so happy what a job you did I would advise Everyone come to Lanop for 100% guaranteed success in your immigration matters and all other accounting purposes Trust me, When name comes to success and successful it means Zaib. Big thanks to Rehmat What a team i had they are so lovely i disturbed them alot but they answered me every time For all my enquiries Rehmat the legend thanks indeed no words for you words are far behind, can’t explain you in words Rehmat and Tahir sorry I disturbed you alot and indeed you still helped every time. Rehmat is Very very professional the way he works I don’t think anyone does that way in entire country. Sidra Thanks alot for amazing help indeed You are amazing I dont know how to say how much i am happy from your work as well Kainat you too thanks alot Rehmat all credit goes to you thanks alot without your help I won’t be able to write all this today I am so grateful to you all What a team. Make sure guys you join Lanop without wasting anytime. Lanop Accountants ZINDABAD
jas singh
jas singh
I have been a client of Lanop Accountants for the last 4 years and am extremely happy with their services. Zaib and his entire team is extremely professional and dedicated; they always respond swiftly and take personal interest in the business case. I have special words of praise for Rehmat and Waqar as they both helped me in my visa extension process immensely. Zaib has built a team of dedicated professionals and the work ethics speaks volumes about their firm. I would definitely recommend them!
Vinnit Patel
Vinnit Patel
Very professional services, extremely pleased with the advice and work carried out on our accounts.
László Kohányi
László Kohányi
I like their flexible approach. I had a bunch of small problems what was too little to big firms but too big for me. They explained the process, fees etc and solved my troubles. Price wise also been on the better side. Personally I recommend Rehmat. He is super responsive.
Having been a client of Lanop Accountants for nearly 5 years, can't recommend them highly enough. Great professional team working 24/7 to meet every customers's need.
Eda Kendirli
Eda Kendirli
Best and accurate service. Saved me so much time and money.
Femi Yusoof
Femi Yusoof
I have been using Lanop Accountants for more than 3 years, and could not recommend them more highly to any one starting out in business or established business practice. Their professionalism, promptness and excellent customer service makes them in my opinion second to none.
I used Lanop accountants to file some paperwork with HMRC as a non-dom resident. I’ve been very happy and impressed with their work so far. Zaib has been very knowledgeable and helpful. I recommend them and plan to use them again.

Role of Accountants
in the Food & Beverages Industry

An accountant’s perspective and financial advice are vital to thriving in a fast-paced market. Property valuation to registration for VAT and corporation tax, as well as precise computations of taxes and daily cash flow management, all need an expert accountant. 

  1. Financial analysis, like cost-benefit analysis 
  2. Financial and non-financial evaluation of alternate ideas and new investments 
  3. Identifying and implementing database technologies to enable smoother transactions 
  4. Reducing wastefulness and increasing flexibility and responsiveness of transactions 
  5. Collaboration with operations to identify and solve problems creatively 
  6. Providing analytical support for future ventures and budgeting. 
Food & Beverages
Custom Service Page

Food & Beverages
Specific Accounting Services

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