Bar & Restaurant Accountant
Job summary
The Bar & Restaurant Accountant oversees all day-to-day financial operations, inventory reconciliation, cost analysis, and accounting functions for our hospitality operations. This role ensures strict control over cash flow, high-turnover beverage or food inventory, vendor payables, payroll, and point-of-sale (POS) batch reconciliations.
Job descriptions & requirements
Key Responsibilities
- Sales & Cash Reconciliation. Perform daily reconciliations of POS sales reports against merchant services settlement batches, cash drawers, and gift card balances.
- Investigate drawer overages or shortages and excessive voids, comps, or promos.
- Cost of Goods Sold & Inventory Control. Track weekly beverage and food COGS against target benchmarks.
- Audit physical counts of high-value inventory and calculate variance against theoretical usage to control shrinkage and waste.
- Accounts Payable & Vendor Management. Verify 3-way matching for food/beverage invoice deliveries, purchase orders, and actual billing rates.
- Ensure timely payment processing to maximize vendor discounts and prevent supply disruptions.
- Process bi-weekly payroll, ensuring compliance with tip pooling/sharing rules, tip credit regulations, overtime calculations, and labor laws.
- Track labor costs against daily sales percentages.
- Financial Reporting & Compliance.
- Prepare monthly Profit & Loss (P&L) statements, store-level performance metrics, and balance sheet reconciliations.
- Manage sales tax, alcohol excise tax filings, and local licensing compliance.
Qualifications & Requirements
- Bachelor’s degree in Accounting, Finance, or related field or equivalent experience.
- Minimum of 3–5+ years of accounting experience specifically within the hospitality, restaurant, or bar industry.
- Proficiency with hospitality POS systems integrated with accounting software e.g., QuickBooks, Xero, Restaurant365.
- Deep understanding of restaurant financial metrics
- Strong Excel skills and high attention to detail.
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