East London: Senior Accountant

About the Role

The Senior Accountant role involves processing accounting records onto a computerized accounting system, ensuring accurate and complete financial statements for various clients. This position requires strong analytical skills, attention to detail, and excellent communication skills to liaise with clients directly.

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 and discuss results with clients
• 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 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 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 clients 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)

Qualifications

• Formal education/certifications: None mentioned

Salary & Benefits

• Not specified in the original job description