Accountant for Food and Beverage

Specific KRAs (Key Responsibility Areas) for an Accountant in the F&B Industry:

• Financial Reporting:Preparing balance sheets, income statements, and other financial reports to track the restaurant's financial performance.
• Cost Control:Monitoring and analyzing food and beverage costs, developing and implementing cost control procedures, and optimizing resource usage.
• Inventory Management:Conducting regular audits of inventory and stock levels, tracking costs, and minimizing waste to enhance profitability.
• Payroll Processing:Managing employee payroll, ensuring accurate and timely payment of wages.
• Budget Management:Creating and monitoring budgets, helping to control costs and maximize profitability.
• Tax Compliance:Managing tax filings and ensuring compliance with local, state, and federal tax regulations.
• Accounts Payable and Receivable:Managing invoices, payments to vendors, and collecting payments from customers.
• General Ledger Analysis:Performing cost and general ledger analysis to identify areas for improvement.
• Variance Analysis:Analyzing financial performance against budgets and forecasts, identifying areas of overspending or underspending.
• Financial Audits:Conducting regular internal audits of financial records and procedures.
• Collaboration:Working with kitchen and service staff to optimize resource usage and improve profitability.

Examples of KPIs (Key Performance Indicators) related to these KRAs:

• Food Cost Percentage: Measures the cost of food as a percentage of sales.
• Beverage Cost Percentage: Measures the cost of beverages as a percentage of sales.
• Prime Cost Percentage: Measures the total cost of goods sold (COGS) plus labor costs as a percentage of sales.
• Inventory Turnover Rate: Measures how quickly inventory is used and replaced.
• Labor Cost Percentage: Measures labor costs as a percentage of sales.
• Sales per Guest: Measures the average amount spent by each customer.
• Profit Margin: Measures the profitability of the business.
• Net Profit: Measures the overall profitability after all expenses are accounted for.
• Customer Acquisition Cost: Measures the cost of attracting new customers.
• Customer Lifetime Value: Measures the total revenue generated by a customer over their lifetime.
• Return on Investment (ROI): Measures the profitability of investments.

Job Types: Full-time, Permanent

Pay: ₹20,000.00 - ₹30,000.00 per month

Work Location: In person