A restaurant accountant needs to handle the financial transaction of a restaurant daily and needs to keep a proper record of its financial statement.
The accountant needs to track the transaction and prepare a report regarding the financial status of a business through the balance sheet, profit and loss account, and cash flow statement.
All major decisions of a restaurant are taken based on accounting records and it clearly shows the financial position of the business.
The professional is responsible for preparing tax returns and they involve recording, interpreting, classifying, analyzing, reporting, and summarizing the financial data.
Responsibilities
Collect cost information and maintain an expenses database
Construct data accumulation systems
Determine fixed costs (e.g. salaries, rent and insurance)
Plan and record variable costs (e.g. purchases of raw material and operations costs)
Review standard and actual costs for inaccuracies
Prepare budgeting reports (for the company and for each department)
Analyze and report profit margins
Prepare (monthly, quarterly and annual) cost forecasts
Assisting in month-end and year-end closing
Identify and recommend cost-effective solutions.
Requirements
Candidates should possess a B.Sc Degree
Minimum of 6 years industry experience in related capacity is required.