Lidcombe Power Mart Pty Ltd

Lidcombe Power Mart Pty Ltd, trading as Fresh Asiana, is a well-established Asian grocery retail business located in Meadowbank, NSW, serving the growing multicultural and local community with a wide range of Korean and Asian grocery products. Our shop specialises in fresh vegetables, fruits, refrigerated foods, snacks, sauces, frozen products, and various Asian household and grocery items.

Fresh Asiana has built a strong reputation within the local community for providing high-quality products, competitive pricing, and a diverse selection of authentic Korean and Asian food products. Customers particularly value the freshness and quality of the store’s produce, as well as the extensive range of grocery items that cater to the needs of both Korean and wider Asian communities in Australia.

Conveniently located within the Meadowbank shopping precinct with accessible undercover parking facilities, we continue to attract a steady customer base and maintain a strong local market presence.

As consumer demand for Asian grocery products continues to increase and the company’s operations and organisational structure expand and become more complex, we are seeking a full- time General Accountant to maintain accurate financial records, prepare financial statements and accounts receivable and payable reports, process payroll, prepare GST reports and related reconciliations, and undertake budgeting, cash flow forecasting and financial performance analysis.

This position is essential to ensuring accurate and timely for financial reporting, supporting accounting and taxation compliance, and providing the Directors with reliable financial information to guide business decisions and support the company’s continued growth and profitability.

Main responsibilities:

1. Maintain accurate accounting records and prepare financial reports to support the business’s financial management and reporting requirements.

2. Monitor and analyse revenue, expenditure, inventory costs and financial performance to support profitability and informed business decisions.

3. Prepare accounts receivable and accounts payable reports, payroll calculations and records,



GST reports and related reconciliations to support accurate financial reporting and timely payment processing.

4. Prepare budgets and cash flow forecasts, and assess financial results against established targets.

5. Support compliance with Australian accounting and taxation requirements, in consultation with the external accountant.

6. Review accounting procedures and internal controls to improve the accuracy, reliability and efficiency of financial reporting.

Details of duties and tasks:

- Maintain the general ledger, review account classifications and prepare journal entries, accruals and prepayments.

- Complete month-end and year-end accounting processes and prepare supporting schedules.- Prepare financial reports, including profit and loss statements, balance sheets and cash flow statements, for review by the Directors.

- Reconcile bank accounts, point-of-sale transactions, merchant settlements and cash receipts, and investigate discrepancies.

- Review accounts payable and accounts receivable records, reconcile supplier accounts and monitor outstanding balances.

- Account for inventory purchases, stock movements, stock adjustments and cost of goods sold, using records provided by the store management team.

- Review inventory valuation and assess the financial impact of stock losses, wastage and slow- moving products.

- Analyse sales revenue, gross profit margins and operating expenses, and provide financial insights to the Directors.

- Prepare operating budgets and cash flow forecasts, and investigate significant differences between actual and budgeted results.

- Monitor payment commitments and working capital requirements to assist with cash flow planning.

- Prepare GST calculations and Business Activity Statement working papers, and coordinate relevant reporting with the external accountant.

- Reconcile payroll expenses, PAYG withholding and superannuation liabilities, and investigate discrepancies.





- Maintain the fixed asset register and calculate depreciation in accordance with applicable accounting policies.

- Prepare financial information and supporting documentation for annual accounts, tax returns and any required external reviews.

- Review and strengthen internal controls over cash handling, sales transactions, supplier payments, payroll and inventory accounting to safeguard company assets and ensure the accuracy of financial records.

- Monitor compliance with financial procedures and approval requirements, investigate discrepancies, and recommend corrective actions to the Directors.

- Liaise with the Directors, store manager, suppliers and external accountants to resolve accounting matters and maintain accurate financial records.

- Provide regular financial performance reports and recommendations to support business planning and cost control.

Core Skills:

- Knowledge of financial accounting principles and Australian accounting and taxation requirements relevant to the business.

- Ability to maintain accurate accounting records and prepare financial statements and supporting schedules.

- Experience in general ledger maintenance, account reconciliations and month-end and year-end reporting.

- Understanding of inventory accounting, stock valuation and cost of goods sold within a grocery retail setting.- Ability to prepare budgets, cash flow forecasts and financial variance analyses.

- Analytical skills to assess sales performance, profit margins and operating costs.

- Proficiency in accounting software

- Strong attention to detail and the ability to identify and resolve financial discrepancies.

- Effective communication skills to explain financial information and liaise with management and external accountants.

- Good organisational skills and the ability to meet reporting deadlines.

- Ability to work independently, exercise professional judgement and maintain confidentiality of financial information.

General Information:

Full Time Position

Salary: $80,000 to $95,000 + Super

If you believe you have the right set of skills and attribute for this position, please send us your resume.

Pay: $80,000.00 – $95,000.00 per year

Work Location: In person

📌 General Accountant (Meadowbank)
🏢 LIDCOMBE POWER MART
📍 Meadowbank