Restaurant Accountant

6 days ago

Mumbai, Maharashtra, India Desert Spring LLC Full time ₹ 2,50,000 - ₹ 5,00,000 per year

Job Title:
Restaurant Accountant

Location:
Muscat, Oman

Reports To:
Operation Manager / Owner

Department:
Finance & Accounting

Job Summary:

The Restaurant Accountant is responsible for managing the financial records and transactions of the restaurant. This role includes overseeing daily financial operations, preparing accurate financial reports, ensuring compliance with tax regulations, managing payroll, and supporting overall financial health and profitability of the business.

Key Responsibilities:

Financial Management:

  • Maintain and monitor all accounting records and systems for accuracy and integrity.
  • Prepare daily, weekly, and monthly financial reports (P&L, balance sheet, cash flow statements).
  • Track revenue, expenses, cost of goods sold (COGS), and profitability.

Book keeping & Reporting:

  • Record daily sales, payments, and bank deposits.
  • Manage accounts payable and receivable.
  • Reconcile bank statements and POS system reports.
  • Prepare and analyze monthly closing reports for management.

Inventory & Cost Control:

  • Track inventory purchases and usage to ensure accuracy.
  • Work with kitchen and bar staff to minimize waste and monitor food and beverage costs.
  • Assist in budgeting and forecasting for food, beverage, and operational costs.

Payroll & Compliance:

  • Process employee payroll, deductions, and benefits.
  • Ensure timely payment of salaries and statutory contributions (e.g., tax, social security).
  • Ensure compliance with local tax laws and file timely returns (VAT, service tax, etc.).

Audit & Internal Controls:

  • Implement and maintain internal controls to prevent fraud or theft.
  • Support internal and external audits with necessary documentation.

Requirements:

  • Bachelor's degree in Accounting, Finance, or related field.
  • Proven experience in accounting, preferably in a restaurant or hospitality environment.
  • Strong knowledge of accounting principles, financial statements, and reporting standards.
  • Proficiency in accounting software (e.g., Tally Prime, WinHMS or WinCloud, or similar).
  • Advanced skills in MS Excel and spreadsheet analysis.
  • High attention to detail, accuracy, and time management.

Preferred Skills:

  • Familiarity with restaurant POS systems.
  • Understanding of restaurant operations and cost control practices.
  • Experience with budgeting, forecasting, and financial planning.
  • Ability to work independently and handle confidential information.

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