Short Description (Role Purpose)
Supports Financial Controllers in monthly / yearly closing and maintain proper records of Inventory, Expense accruals and VAT with timely recording and monthly reporting.
Job Accountabilities & Activities
Inventory Control
- Monitor and report inventory movements including incoming and outgoing shipments, inter branch transfers, sales and purchase returns etc.
- Prepare report for inventory valuation, ageing and adjustments.
- Reconcile inventory ledger with General Ledger on monthly basis
Accruals and Prepayments
- Review and propose accruals on monthly basis for various types of expenses and their subsequent adjustment.
- Prepare schedule of prepayments and propose monthly vouchers for adjustments.
Month end activities
- Prepare Journal Vouchers for month end including accrual, provisions and adjustments.
- Prepare trial balance reconciliations for sub-ledgers with general ledgers
- Finalize the trial balance and prepare a set of Financial Statements for review of Financial Controller.
VAT reconciliation
- Keep abreast with latest rules and regulations regarding VAT and prompt early action by Company.
- Prepare monthly reconciliation of Input VAT with purchasing reports.
- Prepare monthly reconciliation of Output VAT with sales reports.
- Prepare VAT return on monthly basis.
- Coordinate with GAZT for monthly return submission and subsequent queries.
- Support in provision of information and reports in VAT audits to be conducted by GAZT
Education & Certifications
Bachelor in Accounting
Required Years Of Experience
2-3 year
