General Accounting Officer (Food & Beverages)

Job Summary:

The General Accounting Officer is responsible for maintaining accurate financial records, preparing and analyzing financial reports, and ensuring compliance with accounting standards and company policies. This role focuses on the unique accounting needs of the food and beverage industry, including cost control, inventory management, revenue auditing, and expense analysis.

Key Responsibilities:

1. Financial Recording and Reporting

• Maintain and update general ledgers and sub-ledgers for all operations.

• Prepare daily, weekly, and monthly financial statements and management reports.

• Reconcile bank statements, supplier accounts, and intercompany transactions.

• Ensure all financial transactions are properly recorded and documented in compliance with company policies and accounting standards.

2. Accounts Payable and Receivable

• Process supplier invoices, verify accuracy, and ensure timely payments.

• Manage accounts receivable and follow up on outstanding balances.

• Reconcile supplier statements and resolve discrepancies promptly.

3. Cost Control and Inventory Accounting

• Monitor and analyze food and beverage costs, wastage, and variance reports.

• Coordinate with the purchasing and cost control departments to ensure accurate inventory valuation.

• Perform regular stock reconciliations and assist with physical inventory counts.

• Review and verify menu pricing and recipe costing with the cost control team.

4. Revenue Audit

• Audit daily sales summaries and reconcile with point-of-sale (POS) reports.

• Verify cash, credit card, and other payment transactions against system records.

• Investigate and report discrepancies in revenue or discounts.

5. Budgeting and Forecasting

• Assist in the preparation of budgets and financial forecasts for operations.

• Monitor actual performance against budget and provide variance analysis.

• Support management with cost-reduction and profit-improvement initiatives.

6. Compliance and Internal Controls

• Ensure compliance with internal accounting procedures and regulatory requirements.

• Support external and internal audit processes.

• Recommend improvements to accounting systems and controls.