• 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.
• Distingiush between finance and operating leases.
• 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.
• Ability to record books from insufficient records.
• Formulate accounting policies
• Calculation of PAYE/UIF/SDL levies and VAT.
• Completion of statutory returns e.g. UIF/SDL/PAYE/VAT.
• Liase 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.
• Compiling and discussing with the client of monthly management accounts.
• Recording and identifying short comings in internal controls
• Accounting records to be maintained
• Any other duty/work/client that is not the normal run of the mill activity e.g. and is of a more complex nature
• Perform basic administrative duties as needed on a day to day basis