Bar & Restaurant Accountant
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.
Key Roles & 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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