Reconciliation Processes

1. Process and verify invoices for goods and services, ensuring accuracy and compliance with company policies and procedures. 2. Maintain relationships with vendors, resolve discrepancies, and ensure timely payment processing. 3. Process employee expense reports, verify receipts, and ensure compliance with expense policies. 4. Assist in month-end closing activities, including accruals and reconciliations for accounts payable transactions. 5. Monitor and analyse accounts payable aging to ensure timely payments and manage cash flow effectively. 6. Implement and optimise procure-to-pay processes to streamline operations and improve efficiency. 7. Collaborate with procurement and finance teams to resolve issues related to purchase orders, receipts, and invoices. 8. Utilise accounting software and systems to track and report on accounts payable metrics and performance. 9. Respond to vendor inquiries and reconcile vendor statements to maintain accurate account records. 10. Stay updated on changes in accounting standards and regulations related to accounts payable and procurement.

1. Generate and issue customer invoices accurately and timely, ensuring compliance with billing policies and procedures. 2. Monitor incoming payments, apply cash receipts to customer accounts, and reconcile discrepancies as needed. 3. Follow up on overdue accounts, communicate with customers to resolve payment issues, and escalate collection efforts when necessary. 4. Evaluate the creditworthiness of new and existing customers, establish credit limits, and monitor credit terms to minimise credit risk. 5. Collaborate with sales, customer service, and finance teams to streamline order processing and resolve billing disputes. 6. Utilise accounting software and systems to maintain accurate records of customer transactions and account balances. 7. Prepare and analyse accounts receivable aging reports to track outstanding balances and identify trends. 8. Ensure compliance with financial policies, procedures, and regulatory requirements related to accounts receivable and billing. 9. Provide customer support and respond to inquiries regarding billing statements, account balances, and payment terms. 10. Continuously improve O2C processes and procedures to enhance efficiency and reduce payment cycle times.

1. Apply incoming payments to customer accounts accurately. 2. Reconcile cash receipts and ensure discrepancies are addressed. 3. Maintain accurate records of all cash transactions. 4. Prepare reports on cash application activities. 5. Collaborate with the Accounts Receivable team to ensure timely and accurate application of cash receipts to customer accounts. 6. Perform regular audits of cash application processes to identify and rectify errors, ensuring compliance with financial controls and procedures. 7. Assist in month-end and year-end closing processes by providing detailed reports on cash application activities and reconciliations. 8. Utilise ERP systems and accounting software to streamline cash application workflows and enhance operational efficiency. 9. Communicate effectively with internal stakeholders and external customers regarding payment discrepancies and resolution timelines.

1.Analyse costs of production, operations, and projects to provide insights into cost efficiency and profitability. 2.Develop and implement cost control measures and procedures to optimise expenses and improve financial performance. 3.Manage and oversee inventory valuation processes, ensuring accuracy and compliance with accounting standards. 4.Prepare cost accounting reports and presentations for management, highlighting cost trends, variances, and recommendations. 5.Conduct variance analysis to identify deviations from budgeted costs and recommend corrective actions to maintain profitability. 6.Collaborate with cross-functional teams, including production, procurement, and finance, to streamline processes and reduce costs. 7.Participate in financial audits to verify cost accounting records and ensure adherence to financial regulations and standards. 8.Utilise cost accounting techniques, such as activity-based costing (ABC) and standard costing, to allocate costs accurately and improve cost management practices. 9.Develop and maintain cost accounting policies and procedures to enhance transparency and consistency in cost reporting. 10.Stay updated on industry trends and best practices in cost accounting to recommend and implement continuous improvements.

1.Conduct financial analysis, including variance analysis, trend analysis, and forecasting, to support decision-making. 2.Assist in the budgeting and forecasting processes, providing insights into financial performance and future trends. 3.Evaluate investment opportunities and perform financial modeling to assess potential returns and risks. 4.Prepare financial reports and presentations for management and stakeholders, ensuring accuracy and compliance. 5.Analyse financial statements and metrics to identify areas of improvement and recommend strategies for enhancing financial performance. 6.Monitor industry trends and economic factors that may impact the organisation's financial health and profitability. 7.Collaborate with departments across the organisation to gather financial data, verify accuracy, and ensure alignment with strategic goals. 8.Participate in financial audits and regulatory compliance activities to ensure adherence to financial reporting standards and regulations. 9.Utilise financial software and tools to streamline data analysis and reporting processes, improving efficiency and accuracy. 10.Communicate complex financial information and analysis to non-financial stakeholders in a clear and concise manner.

1. Manage the fixed assets accounting process, including acquisition, depreciation, impairment, and disposal. 2. Calculate and record depreciation expense for fixed assets using appropriate methods (e.g., straight-line, double-declining balance). 3. Prepare and analyse reports related to fixed assets, including reconciliation of fixed asset sub-ledger to the general ledger. 4. Ensure compliance with accounting standards and regulations related to fixed assets, and support internal and external audits. 5. Collaborate with procurement, operations, and finance teams to ensure accurate recording and reporting of fixed asset transactions. 6. Conduct periodic physical inventories of fixed assets and reconcile discrepancies with accounting records. 7. Provide financial analysis and insights on fixed asset utilisation, efficiency, and return on investment. 8. Assist in the development and implementation of policies and procedures related to fixed assets management. 9. Utilise accounting software and systems to maintain accurate records and facilitate reporting on fixed assets. 10. Stay updated on changes in accounting standards and regulations relevant to fixed assets accounting and reporting.