The Accounts Executive is responsible for working closely with the accounting team, Stores, SSF and tax department to provide support in managing business requirement on daily basis relating to smooth running of the business
Ensure that all business information and accounting figures are constantly monitored & accurately maintained so as to reflect a true and fair view of the company in the Business Financial & Performance Reports
What you will do
Balance Sheet Substantiation
Constantly monitor and maintain the books of accounts (G/L, sub ledger) accurately to reflect true and fair view of the company in the performance reports
G/L schedules - scrutinize and prepare G/L schedules for review by line manager
Month end Sales & Collection Entries Booking
Coordinating with Cash office team on daily basis with regards to Open Cash collection summary statements for Stores, Central Unit & Restaurants
Support Cash office team in resolving system issues, in coordination with IKEA IT Team
Monitoring Cash Collection Reconciliation Reports on regular basis for Stores, Central Unit & Restaurants
Month End-Reconciling the Collection Summary in Navision, check accuracy and posting the entries to SAP Financials
Follow up and reconcile Cash collection from Service providers-To receive daily cash collection report and reconcile with the sales & delivery data.
Import payment entries in Navision, reconcile & settle the cash receipts
Coordinating with the Third-party service providers on variance & resolving the issues in coordination with IKEA Call Center Team & Central Unit Team
Coordinating with IKEA IT Team on system issues and resolving it
Forwarding the pending COD order listing to Central Unit team & following up on clearing the same
VAT Documentation & Reconciliation
Maintain accurate VAT documentation
Reconciliation of VAT entries between Navision & SAP
Ensuring accurate VAT filing done on monthly basis
Purchase Booking
Foreign & Local Vendors Purchase booking in SAP
Purchase entries to be checked in Navision & booked in SAP
Coordinating with Store In store Logistics Team on clarifying variance, if any
Inventory
Prepare analysis on inventory and ageing and monitor stock provisioning
Track GL accounts for provisions for merchandise clearing and monitor add on load factor rates used
Monthly booking of inventory related entries between Navision & SAP
Maintaining of Inventory movement records and documentation pertaining to each Inventory related GL in Navision
Coordinating with Store In Store Logistics Team for any variance between the Stores & IFB
Accounts Payable
Coordinate, review and ensure with Shared Service AP team, Vendor related control GL accounts are reconciled and necessary action taken on a continuous basis.
Internal Controls and Policies
Ensure compliance with group accounting and financial policy
Work with store teams to handle VAT related compliance all the time in store
Bayt
Beware of fraud agents! do not pay money to get a job
MNCJobsGulf.com will not be responsible for any payment made to a third-party. All Terms of Use are applicable.