Financial Accountant Role
1 month ago
Job Title: Financial Accountant Role
About Us: People Dimension is a dynamic and innovative company seeking a skilled Financial Accountant to join our team.
Salary: R400,000 - R600,000 per annum, depending on experience.
Company Overview: We are a forward-thinking organization that values expertise and dedication. Our Financial Accountant will play a crucial role in maintaining the financial health of our business.
Job Description:
- Monthly Analyses Sales and Cost of Sales: Ensure accurate allocation of sales and cost of sales transactions, journalizing manufacturing variances, and reconciling weekly/monthly production reports.
- Monthly Analyses Operating Expenses: Reconcile bad debts, cleaning, commission paid, consulting fees, repairs and maintenance, staff training, staff welfare, subscription, telephone, and fax expenses.
- Loan Accounts: Prepare loan account schedules, ensure loan accounts balance in all sets of accounts, and prepare monthly summaries of outstanding balances.
- Instalment Sales: Reconcile loan statements to accounting records, process finance charge journals, and prepare monthly summaries of outstanding balances.
- Fixed Asset Register: Maintain fixed asset register, process depreciation journals, and maintain fixed asset file.
- Cash Books: Process and reconcile cash books on a weekly basis.
- Inventory Control: Ensure inventory control accounts balance with stock on hand schedules (quantities, unit cost, and value).
- Debtors: Balance debtors by no later than 2 work days after the last day of the month, send monthly statements to clients, and ensure statements are correct and sent to the correct contact person.
- Creditors: Reconcile creditors by the 10th of each month, prepare creditor reconciliations, and ensure variances are recoiled and clearly set out on the creditor's reconciliation.
- Payroll Accrual Accounts: Prepare monthly payroll journal, reconcile each payroll accrual account, and ensure each payroll accrual account balances to actual outstanding amounts.
- VAT Reconciliation: Prepare monthly VAT reconciliation, ensure accounting records balance with VAT 201 forms.
- Provision for Taxation: Prepare monthly provision for taxation journal, prepare monthly provision for taxation schedule.
Reporting: Perform month-end accounting close by the 12th of each month, prepare monthly management reporting pack including budget report, 6-week cash flow forecast, sales report, manufacturing income statement, and minutes of weekly production meeting.
Weekly Reporting: Update 6-week cash flow forecast for weekly finance meeting and update weekly manufacturing income statement for weekly production meeting.
SARS and Statutory Reports: Submit and pay VAT, PAYE, and provisional taxation returns on time, prepare bi-annual IRP5 reconciliation, submit Statistics S.A reports, and any other statutory returns as required.
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