East London: Senior Accountant posted by Staff Solutions

• Processing of accounting records onto a computerized accounting system resulting in an accurate and complete set of books.
• Completing of annual financial statements of CC’s, trusts, sole proprietors and Body Corporates and working paper files.
• Calculation of taxation owing by business and individuals. Completion of statutory returns e.g. PAYE, UIF, SDL, VAT, Workman’s Compensation etc.
• Completion of annual IRP5’s and EMP501’s. Liaising with clients directly. Supervise and train junior and intermediate accountants.

 
Responsibilities:

•  Supervise and initiating the processing of client information cheques, receipts, sales invoices, purchase invoices
• Perform bank reconciliations
• Processing and reconciling of Petty Cash and cash control accounts
• Keeping of 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 ect.
• Foreign exchange transactions
• Reconcile debtors and creditors statements.
• Correct accounting treatment on disposal of assets (property, plant & equipment) and investments and the calculation of the taxation on capital gains/losses.
• Analyse the resulting trial balance for mistakes / deviations and be able to discuss the results with the client.
• Analytical review of AFS – GP%, Inventory days, Creditors days, Debtors days
• Ability to 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
• Identifying 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 IRP5’s and IT3’s 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)
• Communication skills: Be able to converse in English/Afrikaans/Xhosa (advantageous)