Account Payable

Provides financial information to management by researching and analyzing accounting data preparing reports

• Accounting for daily cash and bank transactions To ensure that the payments are made according to the credit period given by the supplier
• Maintenance of General Ledger Preparation of monthly bank reconciliation statements To create provisions and record all the transactions by end of the month for closing of accounts
• To prepare Schedules for Debtors Creditors Accruals Prepayments etc a monthly basis
• Preparation and submission of L C opening documents to bank Laisoning with Bank with respect to day to day activities related to banking transactions like L C opening foreign currency transfers etc
• Booking purchases of Raw Materials amp Stores and all the monthly payments like Electricity Water charges Telephone Bills etc
• Preparation and accounting for Sales Invoices on regular basis To generate reports on Debtors and ageing analysis correctly Contributes to team effort by accomplishing related results as needed
• Prepares asset liability and capital account entries by compiling and analyzing account information
• Documents financial transactions by entering account information Reconciles financial discrepancies by collecting and analyzing account information
• Maintains financial security by following internal controls Prepares payments by verifying documentation and requesting disbursements
• Prepares special financial reports by collecting analyzing and summarizing account information and trends
• Maintains customer confidence and protects operations by keeping financial information confidential
• Report to management regarding the finances of establishment
• Establish tables of accounts and assign entries to proper accounts
• Develop maintain and analyze budgets preparing periodic reports that compare budgeted costs to actual costs
• Develop implement modify and document recordkeeping and accounting systems making use of current computer technology
• Prepare forms and manuals for accounting and bookkeeping personnel and direct their work activities
• Provide internal and external auditing services for businesses and individuals
• Appraise evaluate and inventory real property and equipment recording information such as the property s description value and location
• Authority Stop the payment if it is not approved by authority
• Crosscheck the bills submitted by different departments