Accountant Jobs – Restaurant Accountant / Company Accountant UK Visa Sponsorship
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Restaurant Accountant / Company Accountant – UK Visa Sponsorship
The Restaurant Accountant handles daily financial operations, tracks restaurant revenue, controls costs and prepares accurate financial reports. This position is essential to profitability through the reconciliation of sales, costing of inventories, processing payroll and complying with financial requirements.
Main responsibilities
Keep track and record all daily financial transactions including sales, purchases, expenses and payments to suppliers.
Match daily POS sales reports to cash, card and online delivery platform collections.
Keep track of food and beverage spending and provide cost analysis reports.
Manage accounts payable and accounts receivable processes to ensure timely payments and collections.
Prepare monthly profit/loss statements, balance sheets and financial summaries.
Inventory valuation monitoring and coordination with operations about stock control.
Process payroll, overtime and staff expenditure reimbursements; .
Prepare and submit tax returns in accordance with local legislation.
Carry out frequent cash audits and detect any inconsistencies.
Support Management with budgeting, forecasting and financial planning.
Maintain appropriate documentation and filing of invoices, receipts and financial records.
Assist with external audits and compliance with accounting standards.
Bachelor’s Degree in Accounting, Finance or other similar discipline.
2-5 years of accounting experience, preferably in the restaurant/hospitality industry.
Knowledge of point-of-sale (POS) systems and inventory management software.
Strong grasp of cost control and financial reporting.
Experience with MS Excel and accounting applications.
High degree of accuracy and attention to detail.
Excellent analytical and organisational skills.
Core Skills
POS Reconciliation
Managing Food Costs
Reporting Finances
Inventory accounting is the process of tracking and managing the financial value of a company’s inventory. It involves recording the costs of goods purchased, produced, or sold, and calculating the remaining inventory value at the end of an accounting period. Inventory accounting methods, such as FIFO (First-In, First-Out), LIFO (Last-In, First-Out), and weighted average cost, affect financial statements and tax liabilities. Accurate inventory accounting ensures compliance with accounting standards, provides useful information for decision-making, and assists in maintaining inventory levels to meet customer demand.
