Hotel Accountant

Location: Lekki Phase 1, Lagos

Description

• A Hotel Accountant is responsible for managing the financial records, transactions, and reporting activities of a hotel to ensure financial accuracy and profitability.

Key Roles and Responsibilities
Financial Record Keeping:

• Record daily income and expenses.
• Maintain accurate financial records and accounting books.

Revenue Monitoring:

• Reconcile daily sales from rooms, restaurants, bars, and other outlets.
• Verify revenue reports and investigate discrepancies.

Accounts Payable & Receivable:

• Monitor outstanding debts and guest accounts.
• Process supplier invoices and payments.

Payroll Administration:

• Ensure statutory deductions are correctly applied.
• Prepare and process staff salaries and wages.

Budgeting and Cost Control:

• Assist in preparing annual budgets.
• Monitor departmental expenditures and control costs.

Financial Reporting:

• Prepare daily, weekly, monthly, and annual financial reports.
• Generate profit and loss statements, balance sheets, and cash flow reports.

Bank Reconciliation:

• Investigate and resolve any discrepancies.
• Reconcile bank statements with hotel records.

Tax Compliance:

• Ensure compliance with tax regulations.
• Prepare and submit relevant tax documents.

Inventory Control:

• Monitor stock records and conduct inventory audits.
• Work closely with storekeepers and department heads.

Internal Audit Support:

• Assist during internal and external audits.
• Ensure financial procedures are followed.

Skills Required for a Hotel Accountant:
Technical Skills:

• Budget preparation and financial analysis.
• Proficiency in accounting software and hotel management systems.
• Tax and statutory compliance knowledge.
• Cash management and bank reconciliation.
• Strong knowledge of accounting principles and practices.
• Microsoft Excel and financial reporting skills.