Financial Accountant

7 days ago


Randburg, Gauteng, South Africa People Dimension Full time

Key Responsibilities:


1. Monthly Sales and Cost Analysis:
• Ensure accurate allocation of sales and cost of sales transactions.


2. Operating Expenses Review:
• Analyze various operating expenses including:
• Bad Debts
• Cleaning Services
• Commissions
• Consulting Fees
• Repairs and Maintenance
• Staff Training and Welfare
• Subscriptions
• Communication Expenses


3. Manufacturing Variance Analysis:
• Journalize manufacturing variances and ensure alignment with income statements and production reports.


4. Loan Account Management:
• Prepare schedules for loan accounts.
• Ensure consistency across all accounting records.
• Summarize outstanding loan balances monthly.


5. Instalment Sales Reconciliation:
• Reconcile loan statements with accounting records.
• Process finance charge journals.
• Provide a summary of outstanding balances monthly.


6. Fixed Asset Management:
• Maintain the fixed asset register.
• Process depreciation entries.
• Keep fixed asset documentation up to date.


7. Cash Book Reconciliation:
• Ensure weekly processing and reconciliation of cash books.


8. Inventory Control:
• Ensure inventory control accounts align with stock on hand schedules (quantities, unit costs, and values).


9. Debtors Management:
• Balance debtors within two working days post month-end.
• Ensure accurate and timely distribution of monthly statements to clients.


10. Creditors Reconciliation:
• Complete reconciliations for all creditors by the 10th of each month.
• Document and clarify any variances in creditor reconciliations.


11. Payroll Accrual Management:
• Prepare monthly payroll journals.
• Reconcile payroll accrual accounts to actual outstanding amounts.


12. VAT Reconciliation:
• Conduct monthly VAT reconciliations.
• Ensure accounting records are consistent with VAT returns.


13. Tax Provisioning:
• Prepare monthly tax provision journals and schedules.


Month-End Reporting:
1. Complete month-end accounting close by the 12th of each month.
2. Prepare comprehensive monthly management reports including:
• Management Accounts
• Budget Reports
• Cash Flow Forecasts
• Sales Reports
• Manufacturing Income Statements
• Minutes from production meetings.


Weekly Reporting:
1. Update cash flow forecasts for weekly finance meetings.
2. Refresh manufacturing income statements for weekly production meetings.


Statutory Reporting:
1. Ensure timely submission of VAT, PAYE, and provisional tax returns.
2. Prepare and submit bi-annual IRP5 reconciliations.
3. Compile and submit Statistics South Africa reports.
4. Prepare any additional statutory returns as required.


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