General Accountant - Profit and Loss, Food & Beverages
Full-Time
No salary listed
Junior, Mid
Bachelor's
Quezon City, Metro Manila, Philippines
In Person
AccountingCost & Management Accounting
About the job
Requirements
A bachelor's degree in Accounting, Finance, or a related field.
A minimum of 2–5 years of accounting experience, preferably in the hospitality or food and beverage industry.
Strong knowledge of accounting software such as SAP, Oracle, or QuickBooks, and point-of-sale integration.
Proficiency in Microsoft Excel and financial reporting tools.
Understanding of cost accounting and inventory control principles.
Experience in a corporate finance environment or audit firm.
Knowledge of tax regulations and compliance in the Philippines.
Strong analytical and numerical skills.
Attention to detail and accuracy.
Ability to meet deadlines and manage multiple tasks.
Good communication and interpersonal skills.
Integrity and professionalism in handling confidential information.
Responsibilities
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.
Process supplier invoices, verify their accuracy, and ensure timely payments.
Manage accounts receivable and follow up on outstanding balances.
Reconcile supplier statements and promptly resolve discrepancies.
Monitor and analyze food and beverage costs, wastage, and variance reports.
Coordinate with 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.
Audit daily sales summaries and reconcile them with point-of-sale reports.
Verify cash, credit card, and other payment transactions against system records.
Investigate and report discrepancies in revenue or discounts.
Assist in preparing budgets and financial forecasts for operations.
Monitor actual performance against budget and provide variance analysis.
Support management with cost-reduction and profit-improvement initiatives.
Ensure compliance with internal accounting procedures and regulatory requirements.
Support external and internal audit processes.
Recommend improvements to accounting systems and controls.
Desired Qualifications
CPA or equivalent certification is preferred but not mandatory.
Accounting experience in the hospitality or food and beverage industry is preferred.
Job Description
Job Summary:
The General Accountant 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.
Qualifications
Qualifications:
Bachelor’s degree in Accounting, Finance, or related field.
CPA or equivalent certification (preferred but not mandatory).
Minimum 2–5 years of accounting experience, preferably in the hospitality or F&B industry.
Strong knowledge of accounting software (e.g., SAP, Oracle, QuickBooks) and POS integration.
Proficiency in Microsoft Excel and financial reporting tools.
Understanding of cost accounting and inventory control principles.
Experience in a corporate finance environment or audit firm.
Knowledge of tax regulations and compliance in Philippines.
Key Skills:
Strong analytical and numerical skills.
Attention to detail and accuracy.
Ability to meet deadlines and manage multiple tasks.
Good communication and interpersonal skills.
Integrity and professionalism in handling confidential information
Additional Information
What to do next?
For this role, please submit your resume. There would be an initial screening from our Talent Acquisition Team.
Please do take note that we will only reach out to candidate/s who passed our paper screening.
Send your application now or refer a candidate to us! Thank you very much!