Head Of Accounts Job Responsibilities
Accounting Operations:
- Oversee all accounting operations, including accounts receivable, accounts payable, general ledger, and fixed assets.
- Ensure timely and accurate processing of accounting transactions.
- Maintain strong internal controls to safeguard company assets and ensure compliance with policies and regulations.
- Manage the month-end and year-end closing processes.
Compliance and Audit:
- Ensure compliance with all relevant accounting standards, tax regulations, and company policies.
- Manage relationships with external auditors and facilitate the audit process.
- Stay up-to-date with changes in accounting regulations and best practices.
Process Improvement and Technology:
- Identify opportunities to streamline and automate accounting processes, leveraging technology where possible.
- Evaluate and implement new technologies and systems to improve efficiency, accuracy, and reporting capabilities.
- Stay up-to-date with industry best practices and emerging trends in accounting management.
Tax Management (Depending on company size and structure):
- Oversee tax compliance, including filing of tax returns and ensuring adherence to tax regulations.
- Work with tax advisors on tax planning and optimization strategies.
Accounts Payable Responsibilities
- Manage the day-to-day operations of the accounts payable department, including invoice processing, payment processing, and vendor management.
- Supervise and mentor accounts payable staff, providing guidance and support.
- Ensure timely and accurate processing of all invoices, including coding, data entry, and matching purchase orders.
- Reconcile vendor statements and resolve discrepancies.
- Process and issue payments to vendors, ensuring compliance with payment terms and company policies.
- Maintain accurate accounts payable records and documentation.
- Prepare and analyze accounts payable reports, including aging reports, cash flow forecasts, and vendor performance reports.
- Develop and implement process improvements to streamline the accounts payable function.
- Ensure compliance with company policies and procedures, as well as relevant accounting regulations.
- Collaborate with other departments to resolve invoice and payment issues.
- Assist with internal and external audits.
- Manage vendor relationships, including negotiating payment terms and resolving disputes.
- Stay up-to-date on changes in accounting regulations and best practices.
- Reconciliation of Payment to Vendors
- Verification of Payment to Vendors with 100% accuracy
- Recruitment Agency Invoice analysis by employee recruited vs Payment
- Employee Runaway and insurance entries and its reconciliation
- Medical insurance invoice verification in detail
- Perform other duties as assigned.
