Accountant

Job Tile: Accountant AR/AP

Department: Finance

Type of contract: One Year Extendable

Job Purpose:

To assist the department in maintaining books of accounts in accordance with the accounting procedures, policies, and chart of accounts. This position holder will also be required to support the AR Lead in carrying out financial transactions and other accounts/finance-related activities as required.

Responsibilities

• Prepare and review all invoices based on the service contract and operational data received from the department concerned.
• Generate and send out the invoices monthly or as per the invoice terms in the contract (without delays), including back charges.
• Book all invoices in the ERP.
• Ensure invoicing based on the terms of the contract.
• Follow up with customers/clients for receipts and post them in the ERP.
• Reconcile the Cash on Delivery COD / POS collections and Prepaids made by the Customers with the Far Eye operation system.
• The raised invoices should consider invoicing additional services or payments made by the
• company on behalf of the client, such as customs duty payments, VAT, or clearance services,where applicable.
• Identify receipts in the bank and follow up with the bank for any unknown amounts.
• Reconcile the bank periodically (daily / weekly) for revenue accounts.
• Prepare bank reconciliations on time for review and approval monthly and maintain proper records for reference.
• Follow the credit recovery process for overdue payment from the customer/client, and escalatecases of bad debts to legal.
• Issuing balance confirmation to the customer periodically (quarterly) and/or as per requirement.
• Review and complete aging reports regularly and raise for management review any overdue receivables.
• Pass closing entries for revenue as per the processes for advance revenue and subsidy accounts.
• Cooperate with the internal/external audit requirements in terms of documentation and report completion.
• Provide comprehensive support to management on all accounting matters and carry out ad hoc tasks as required by management.

Qualifications

• Diploma bachelor’s degree in accounting,
• Ability to interpret and analyze financial statements and periodicals
• 0-2 years of experience.
• Familiarity of accounting software's.
• ERP System experience