Description:
Main accountabilities include:
? Reconciliation of allocated Balance Sheet accounts (Assets, Debtors and Revenue).
? Maintain fixed asset register.
? Ensuring assets are captured timeously and accurately.
? Assist with completion of CIPs for CAPEX.
? Calculate provision for Bad Debt.
? Responsible for all AMI Intercompany accounts and confirmations.
? Set objectives for the accounts receivable team that align with the accounting departments goals
? Negotiate with clients in non-payment cases.
? Prepare monthly, quarterly, annual and ad-hoc forecasting reports on request.
? Ensure all Revenue (Invoices) is transferred accurately & completely into Pastel from the relevant ERP system.
? Support Accounts Receivable Clerks on a daily basis and train new team members.
? Ensure all team members follow the correct accounting principles.
? Stay updated on industry and legislative changes.
? Provide accurate reports and analysis on financial data and metrics such as cash forecasting, sales statistic information, and monthly net sales reports.
? Collect all revenue due to the company by tracking and following up on outstanding payments.
? Identify and mitigate risk by conducting credit checks on new and prospective clients.
? Ensures clients pay on time and collect past-due date payments by implementing the accounts receivable policy.
? Help the Finance team understand what to expect regarding cash inflows from clients by creating monthly payment collection feedback reports.
? Monitor cash inflows by tracking invoices, deposits, and any payment collection correspondence.
? Keep customers up to date on their accounts by sending them statements and reminders to pay.
? Provide accounts receivable reports to the relevant departments by compiling accounts receivable activities, including ageing reports, cash forecasts, and collections analysis.
? Maintenance of 90+ day ageing, for debtors, below 5% of total.
? Provide sales reports (Weekly & monthly Flash and month end Revenue reconciliations).
? Reconcile allocated Bank accounts by Reporting deadline (inward Bank account payments).
? Assist in local and group audits.