F&B Accountant

Job Description

The F&B Accountant is responsible for managing and overseeing the financial operations related to food and beverage inventory, cost control, sales reconciliation, and reporting. This role ensures accurate recording of all F&B transactions and supports decision-making by providing detailed cost and profitability analyses.

• Monitor and control F&B inventory transactions and ensure accurate cost allocations.
• Perform daily, weekly, and monthly sales reconciliation between POS systems and accounting records.
• Verify and analyze purchases, consumption, and wastage reports to ensure proper cost control.
• Collaborate with the purchasing and stores departments to ensure compliance with procurement procedures.
• Prepare cost of goods sold (COGS) reports and profitability analysis per outlet or item.
• Review supplier invoices, match with purchase orders, and coordinate timely payments.
• Conduct periodic stock audits and support physical inventory counts.
• Assist in budgeting and forecasting processes specific to the F&B department.
• Maintain up-to-date records of food and beverage pricing, menu costings, and recipe margins.
• Identify variances between actual and theoretical costs and investigate discrepancies.
• Support internal and external audits with relevant documentation and analysis.
• Ensure compliance with internal controls and financial policies.

Requirements

Bachelor's degree in Accounting, Finance, or a related field.

Minimum 2–3 years of accounting experience, preferably in the hospitality or F&B sector.

Strong knowledge of inventory and cost control systems.

Proficiency in accounting software (e.g., Oracle, SAP, QuickBooks) and MS Excel.

Familiarity with POS systems (e.g., Micros, Toast, etc.).

Excellent analytical and problem-solving skills.

High attention to detail and accuracy.

Ability to work independently and under pressure in a fast-paced environment.

Requirements

The F&B Accountant is responsible for managing and overseeing the financial operations related to food and beverage inventory, cost control, sales reconciliation, and reporting. This role ensures accurate recording of all F&B transactions and supports decision-making by providing detailed cost and profitability analyses.