Job Description

Specific KRAs (Key Responsibility Areas) for an Accountant in the F&B Industry:

Financial Reporting:

Preparing balance sheets, income statements, and other financial reports to track the restaurant's financial performance.

Cost Control:

Monitoring and analyzing food and beverage costs, developing and implementing cost control procedures, and optimizing resource usage.

Inventory Management:

Conducting regular audits of inventory and stock levels, tracking costs, and minimizing waste to enhance profitability.

Payroll Processing:

Managing employee payroll, ensuring accurate and timely payment of wages.

Budget Management:

Creating and monitoring budgets, helping to control costs and maximize profitability.

Tax Compliance:

Managing tax filings and ensuring compliance with local, state, and federal tax regulations.

Accounts Payable and Receivable:

Managing invoices, payments to vendors, and collecting payments from customers.

General Ledger Analysis:

Performing cost and general ledger analysis to identify areas for improvement.

Variance Analysis:

Analyzing financial performance against budgets and forecasts, identifying areas of overspending or underspending.

Financial Audits:

Conducting regular internal audits of financial records and procedures.

Collaboration:

Working with kitchen and service staff to optimize resource usage and improve profitability.
Examples of KPIs (Key Performance Indicators) related to these KRAs:

Food Cost Percentage:

Measures the cost of food as a percentage of sales.

Beverage Cost Percentage:

Measures the cost of beverages as a percentage of sales.

Prime Cost Percentage:

Measures the total cost of goods sold (COGS) plus labor costs as a percentage of sales.

Inventory Turnover Rate:

Measures how quickly inventory is used and replaced.

Labor Cost Percentage:

Measures labor costs as a percentage of sales.

Sales per Guest:

Measures the average amount spent by each customer.

Profit Margin:

Measures the profitability of the business.

Net Profit:

Measures the overall profitability after all expenses are accounted for.

Customer Acquisition Cost:

Measures the cost of attracting new customers.

Customer Lifetime Value:

Measures the total revenue generated by a customer over their lifetime.

Return on Investment (ROI):

Measures the profitability of investments.
Job Types: Full-time, Permanent

Pay: ₹20,000.00 - ₹30,000.00 per month

Work Location: In person