Accountant at Top Tummy Top Belle Ventures

Top Tummy Top Belle Ventures is a Human Resource Management company that recruits great talents for business in different sectors.

We are recruiting to fill the position below:

Job Title: Accountant

Location: Sangotedo Ajah - Lagos
Employment Type: Full-time

Key Responsibilities
Financial Reporting:

• Prepare and maintain detailed financial statements, including profit and loss accounts, balance sheets, and cash flow statements.
• Track and report on daily sales, expenses, and overall financial performance.

Cost Control and Budgeting:

• Monitor and analyze food and beverage costs to ensure profitability.
• Assist in creating and managing budgets, forecasting future financial performance based on historical data.
• Provide management with recommendations on cost-saving strategies and revenue enhancement.

Accounts Payable and Receivable:

• Oversee vendor payments, ensuring accuracy and timely processing.
• Manage customer invoices and handle payments for catering or other restaurant services.
• Reconcile daily sales reports with bank deposits and resolve discrepancies.

Inventory and Payroll Management:

• Track inventory costs and collaborate with the purchasing team to ensure accurate stock records.
• Monitor waste, spoilage, and portion control to maintain profitability.
• Manage payroll processing for restaurant staff, ensuring compliance with wage regulations and accurate deduction of benefits and taxes.

Tax Compliance and Regulatory Reporting:

• Prepare and file all necessary tax documents, including sales tax and employee-related tax filings.
• Ensure compliance with federal, state, and local tax regulations specific to the restaurant industry.

Audit and Internal Controls:

• Perform internal audits of financial processes, verifying that records are accurate and comply with restaurant industry standards.
• Implement and maintain internal controls to reduce risk of theft, fraud, and financial mismanagement.

Point-of-Sale (POS) System Reconciliation:

• Reconcile POS systems with accounting records to ensure accuracy of sales data.
• Monitor daily transactions and address discrepancies between POS reports and actual cash flow.

Cash Flow Management:

• Oversee the management of cash flow, ensuring sufficient funds for daily operations.
• Manage petty cash and perform cash reconciliations on a regular basis.

Collaboration with Restaurant Management:

• Work closely with restaurant managers to understand operational needs and financial performance.
• Provide financial insights to support business decisions, such as menu pricing and vendor contracts.
• Assist in planning for expansions, new restaurant openings, or major capital investments.

Compliance and Legal Requirements:

• Ensure the restaurant complies with all financial, labor, and health regulations.
• Maintain up-to-date knowledge of restaurant accounting policies, food safety standards, and wage laws.

Required Skills and Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field.
• Experience in restaurant accounting or hospitality industry accounting preferred.
• Proficiency in accounting software (e.g., QuickBooks) and restaurant POS systems.
• Excellent analytical skills, attention to detail, and strong problem-solving abilities.
• Familiarity with inventory management and cost control in a restaurant setting.

Application Closing Date
30th November, 2024.