General Accountant - Profit and Loss (Food & Beverages)

Fredley Food and Beverages Inc; Philippines; On-site; PHP 350,000 - 550,000; Full time

Job summary

Fredley Food and Beverages Inc. seeks a General Accountant to maintain ledgers, prepare financial statements, and support cost control, revenue audit, and budgeting processes.

You will manage AP/AR, inventory valuation, and ensure compliance with accounting standards within a food and beverage context. The role requires 2–5 years in accounting, familiarity with SAP/Oracle/QuickBooks, and strong Excel skills.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field.
• CPA or equivalent certification (preferred but not mandatory).
• 2–5 years of accounting experience, preferably in hospitality or F&B.
• Strong knowledge of SAP, Oracle, QuickBooks and POS integration.
• Proficiency in Excel and financial reporting tools.
• Understanding of cost accounting and inventory control principles.
• Experience in corporate finance or audit environment.
• Knowledge of tax regulations and compliance in Philippines.

Responsibilities

• Maintain and update general ledgers and sub-ledgers for all operations.
• Prepare daily, weekly, and monthly financial statements and reports.
• Reconcile bank statements, supplier accounts, and intercompany transactions.
• Process supplier invoices, verify accuracy, and ensure timely payments.
• Monitor food and beverage costs, wastage, and inventory valuation.
• Audit daily sales summaries and reconcile with POS reports.
• Assist in budgeting and forecasting, with variance analysis.
• Ensure compliance with internal controls and regulatory requirements.

Skills

Analytical skills

Attention to detail

Deadline oriented

Communication skills

Integrity

Education

Bachelor's degree in Accounting

CPA or equivalent certification

Tools

SAP

Oracle

QuickBooks

Job description

Company Description

About Fredley Group of Companies

We are a food and restaurant service established in 2014 by one of the youngest entrepreneurs in the Philippines, Avin Ong. We are a Philippine-based master franchise of more than 205 restaurants and cafes nationwide. These brands include Macao Imperial Tea, New York Fries and Dips, Nabe and Kenangan Coffee.

For more details, please check our website at www.fredleygroup.com and follow us on our LinkedIn page at https://www.linkedin.com/company/fredley-group-of-companies/.

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

• 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