Menu Close

Cape Town City Centre: Restaurant Accounts

Cape Town City Centre: Restaurant Accounts

Posted on 2025-04-17 00:00:00

Employer Unspecified
Category Accounting / Finance
Location Cape Town Region  / Cape Town City Centre

Job Summary

1. Revenue Tracking Sales Recording : Track daily sales from food, drinks, and any other services (e.g., catering or takeout). Point of Sale (POS) System : Most restaurants use POS systems to track sales and manage inventory in real time. This system helps ensure that all revenue is accounted for accurately. Cash vs. Credit Sales : Maintain records of cash and credit transactions separately to ensure accurate financial reporting and avoid discrepancies. 2. Cost of Goods Sold (COGS) Food and Beverage Costs : Track the cost of ingredients and beverages. This includes purchasing, inventory management, and wastage. Menu Pricing : Adjust menu prices based on the cost of ingredients and competitor pricing to maintain profitability. Inventory Management : Regularly assess stock levels and purchase accordingly, preventing overstocking or understocking that could impact sales. 3. Payroll Employee Wages : Track hourly wages for kitchen staff, servers, and other employees. This includes managing tips, commissions, and overtime pay. Employee Benefits : Ensure that employee benefits (such as health insurance or retirement plans) are factored into payroll accounting. Tax Withholding : Accurately calculate and deduct taxes from employees’ wages and ensure tax compliance. 4. Operating Expenses Fixed Costs : Include rent, utilities, insurance, and licenses. These remain constant each month. Variable Costs : Include expenses like cleaning supplies, marketing, and repairs. These fluctuate depending on the season or operations. Miscellaneous Costs : Include any unexpected expenses like emergency repairs or one-time purchases for events. 5. Profit and Loss Statement (P&L) Revenue vs. Expenses : A P&L statement summarizes all revenue and expenses, showing whether the restaurant is operating at a profit or loss. Gross Profit Margin : The difference between sales and COGS. A healthy margin indicates that the restaurant is managing food costs well. Net Profit : After subtracting all operating expenses, taxes, and other costs, the net profit shows the actual profitability. 6. Cash Flow Management Incoming Funds : Monitor cash flow from sales, loans, or investments. Outgoing Funds : Ensure theres enough cash flow to cover expenses, such as payroll, bills, and vendor payments. Cash Flow Projections : Create forecasts to predict future cash flow, which helps avoid liquidity issues and ensures that the business can handle expenses at all times. 7. Taxes and Compliance Sales Tax : Account for sales tax collected from customers and ensure timely remittance to the tax authorities. Income Tax : Calculate the restaurants tax liability, including federal, state, and local taxes. Filing Deadlines : Ensure that taxes are filed on time to avoid penalties or interest on overdue payments. 8. Financial Reporting Balance Sheet : Shows the restaurants assets, liabilities, and equity at a specific point in time. Helps track the overall financial health of the business. Cash Flow Statement : A summary of the inflow and outflow of cash, helping to determine liquidity and operational efficiency. Budgets and Forecasting : Regularly update budgets to stay on track with financial goals, taking into account seasonal trends and market conditions. 9. Audits and Internal Controls Regular Audits : Conduct internal and external audits to ensure that the accounting records are accurate and comply with regulations. Control Systems : Implement systems to prevent theft, fraud, or mistakes in financial reporting. For example, cash reconciliation, inventory checks, and staff oversight.

View Job  Johannesburg: Financial Accountant

Click Go Apply to apply online!

Get Similar Job Alerts
Enter your WhatsApp number (e.g., +27740908132)
You'll receive alerts for new jobs in Cape Town City Centre, Cape Town Region


More jobs in Cape Town City Centre




More jobs in Cape Town Region




Browse Accounting / Finance Jobs




Browse Unspecified Jobs



Apply directly for this position. Please read all instructions carefully.

We do not process job applications; we simply aggregate and display job listings.

More related positions

Cape Town: Google Ads Manager – Urgent Hire posted by Imatik Ltd

? Job Opportunity Google Ads Specialist Retainer Extra Income Can work around a FT existing role ?Are you a skilled Google Ads expert with 1-2 years of...


View Job
Google Ads Manager – Urgent Hire

Cape Town: Junior Consultant posted by Acquirely

Junior Consultant Remote - Sales Appointment SettingSalary R23,000 commissionOTE R30,000 R50,000month 2.5 per saleLocation Remote Work for a U.S....


View Job
Junior Consultant

Cape Town: Customer Support Manager – Entry Level posted by Right Kareer

Youll be the voice of our brand, communicating with customers, identifying their needs, and delivering a top-notch experience. Youll be the superhero they...


View Job
Customer Support Manager – Entry Level

Cape Town: Sales Rep posted by Alifurn Outdoor Furniture

Looking for a Sales Rep Furniture IndustryWere looking for a dynamic and driven sales representative to join our team! The role is based at our showroom in...

View Job  Sandton: Internship posted by AtripleA recruitment & temps

View Job
Sales Rep

Cape Town: DevOps Engineer (Support) posted by Construct Executive Search

Applicants must have the following requirementsMust have a Matric Certificate.Must have 6-8 years of experience as a DevOps Engineer in a software...


View Job
DevOps Engineer (Support)

Cape Town: New Vehicle Sales Executive posted by Intercon Recruitment

Dealership in Cape Town is looking for an experienced New Vehicle Sales Executive, with previous Motor Dealership New Vehicle Sales Experience. Salary Basic...


View Job
New Vehicle Sales Executive

Northern Suburbs: BOILERMAKERS – Based In Cape Town posted by Tom Nel Recruitment

Leading Progressive Manufacturing company seeks a number of Boilermakers urgently for six month contracts.Key experience of 3-5 Years post apprenticeship...


View Job
BOILERMAKERS – Based In Cape Town

Cape Town: National Key Accounts Sales Manager posted by The Individual Touch CC

Generate new additional businessGrow the national customer baseManaging analyzing the national customer baseAnalyzing price decreases suspended business...


View Job
National Key Accounts Sales Manager

Cape Town: Junior Accountant posted by Africa Thinking Management Solutions

Job Advertisement Junior AccountantLocation Cape Town -Observatory Company Africa Thinking Management SolutionsAfrica Thinking Management Solutions is...


View Job
Junior Accountant

Cape Town: Vehicle Chip Repair Technician posted by Chip Magic Technologies (Pty) Ltd

Company DescriptionChip Magic Technologies Pty Ltd are experts in vehicle paint chip repairs and automotive vehicle aesthetic restoration specialists.We...


View Job
Vehicle Chip Repair Technician

Cape Town: Intermediate Financial Administrator posted by Construct Executive Search

Applicants must have the following requirementsMust have a Diploma in Accounting or Bookkeeping.Must have 3-5 years of experience as a Financial...


View Job
Intermediate Financial Administrator

Eastern Cape: Town Planner (JB5167) posted by Kontak Recruitment

Town Planner JB5167 Chintsa, Eastern CapeCompensation Range R40 45 000 CTC per month Negotiable Category EngineeringLead zoning, rezoning, and land use...


View Job
Town Planner (JB5167)

Cape Town: Roof sheeter – Urgently Needed posted by Batt Master Roofing and Guttering

Roof sheeter needed Must be able to remove and install roof sheets etc and waterproofing for maintenance company Work in fascias as wellWork experience a...


View Job
Roof sheeter – Urgently Needed

Cape Town: Litigation Secretary posted by Marais Muller Hendricks Attorneys

Marais Muller Hendricks Inc., a leading law firm in Cape Town, is seeking to appoint an experienced and highly organised Litigation Secretary to join our...


View Job
Litigation Secretary

Cape Town: Sales Administrator – IT Industry posted by The Vocation Station

Are you a proactive and detail-oriented professional with a knack for client service and relationship management in the IT Distribution space? Were looking...

View Job  Cape Town City Centre: General Assistant – Copperworks, Epping

View Job
Sales Administrator – IT Industry

Cape Town: Junior System Support Engineer posted by The Vocation Station

Are you an enthusiastic IT professional with a passion for delivering top-notch support to diverse customers? Our client is looking for a Remote Support...


View Job
Junior System Support Engineer

Cape Town: Electrical Engineer – Building Services posted by Business Recruitment Services

This role requires collaboration with multidisciplinary teams and clients to deliver fit-for-purpose solutions that surpass industry best practices and...


View Job
Electrical Engineer – Building Services

Cape Town: Intermediate SHERQ Officer posted by Construct Executive Search

Applicants must have the following requirementsMust have a Bachelors Degree or National Diploma in Safety Management or Occupational Health and Safety. Must...


View Job
Intermediate SHERQ Officer

Cape Town: Bookkeeper – Restaurant Industry (Salt River) posted by The Vocation Station

About the RoleWere looking for a detail-oriented Bookkeeper to join our clients team and support the financial operations of four businesses under one roof....


View Job
Bookkeeper – Restaurant Industry (Salt River)

Cape Town: Litigation Secretary posted by Cora O’Neil Recruitment Agency

Cape Town City Centre LITIGATION SECRETARY Minimum Requirements-Well presentable and professional preferably female-Excellent verbal communication skills-2...


View Job
Litigation Secretary

Cape Town: Financial Accountant posted by Executive Placings

Travel Management Company is looking for an Accountant to be based in Cape Town. This is a hybrid role.The main purpose of this role is to ensure accuracy...


View Job
Financial Accountant

Cape Town: Regional Manager in Built-in Furniture Manufacturing Industry posted by Home Concept

Home Concept is looking for an experienced Regional Manager to join our team. In this role, youll lead sales, manage operations, and support teams to ensure...


View Job
Regional Manager in Built-in Furniture Manufacturing Industry

Cape Town: Car Rental Agent – Urgent posted by Vogue Personnel

Join Our Team as a Car Rental Agent! Were looking for a dedicated and organized Car Rental Agent to join our dynamic team and play a key role in ensuring...


View Job
Car Rental Agent – Urgent

Cape Town: New Business Consultant posted by Intercon Recruitment

Company based in Cape Town is looking for a Senior New Business Consultant Sales Increase and drive new business with a focus on quality and...


View Job
New Business Consultant

Cape Town: New Vehicle Sales Executive posted by Intercon Recruitment

Dealership in Cape Town is looking for an experienced New Vehicle Sales Executive with previous Motor Dealership New Vehicle Sales Experience. Salary Basic...


View Job
New Vehicle Sales Executive

Share this to someone who needs a job:
Posted in Accounting / Finance, Jobs in Cape Town City Centre, Jobs in Cape Town Region
Tagged ,

More Jobs in Your Area