East London: Senior Accountant

About the Role

As a Senior Accountant, you will be responsible for processing accounting records onto a computerized accounting system, ensuring accurate and complete financial statements, and providing expert advice to clients on taxation and financial matters.

Key Responsibilities

• Supervise and initiate the processing of client information cheques, receipts, sales invoices, purchase invoices
• Perform bank reconciliations
• Process and reconcile Petty Cash and cash control accounts
• Keep a fixed asset register
• General journals (e.g. depreciation, provisions, interest salaries, stock, etc.)
• Process journal entries (e.g. new instalment sale agreements, interest on borrowings, provisions, accruals of income and expenses, bad debts etc.)
• Foreign exchange transactions
• Reconcile debtors and creditors statements
• Correct accounting treatment on disposal of assets (property, plant & equipment) and investments
• Analyse the resulting trial balance for mistakes / deviations
• Analytical review of AFS GP%, Inventory days, Creditors days, Debtors days
• Record books from insufficient records
• Produce a draft set of financials and a working paper file for sole proprietors, close corporations, trusts, partnerships, small business corporations, farmers and Body Corporates
• Prepare the notes to financial statements
• Formulate accounting policies
• Identify provisions and contingent liabilities
• Calculate the tax liability for sole proprietors, individuals, close corporations and trusts, small business corporations, farmers, Body corporates and partnerships
• Calculate the taxation on lumpsum payments by retirement
• Non-resident tax Withholding Tax on companies
• Calculation of PAYE/UIF/SDL levies and VAT
• Completion of statutory returns (e.g. UIF/SDL/PAYE/VAT)
• Liaise with client re payment of the above returns
• Preparations of payroll
• Issuing of IRP5s and IT3s and reconciliation to EMP501 at year end
• Reconciliations of input/output VAT to annual financial statements and monthly trial balances
• Compiling and discussing with the client of monthly management accounts
• Recording and identifying short comings in internal controls
• Accounting for Loans on Related Parties
• Set-up of accounting systems for clients

Requirements

• BCom degree or equivalent work experience
• Completed articles (advantageous)
• 3-5 years working experience
• Microsoft Office (Excel / Word)
• Caseware (advantageous)
• Vanilla Payroll (advantageous)
• Pastel (advantageous)
• Xero (advantageous)

Salary & Benefits

No information available