Accounts Payables:
- Check, review, and analyze vendors/suppliers invoices with the relevant departments and recording into the accounting system
- Verification of Purchase orders with supplier's invoices
- Record inventories in the accounting system after confirmation of receipt from end-user
- Record monthly invoices received from subsidiaries and initiate payments as per the cash flow plan.
- Maintain the proper tax code for each supplier
- Record and reconcile Credit Card transactions.
- Maintain AP ageing and Setup EFT and ACH payments for processing payments for the invoice which are due
- Reconciling AP sub-ledger with Trial balance on a monthly basis
- Create monthly accruals for all recurring suppliers
- Send reports to suppliers/vendors on a monthly basis
- Coordinate with vendors for resolving disputes
Payroll:
- Review payroll processed by VCC India and initiate payroll for VCC India in the bank.
- Work with an outsourced payroll agency to ensure payroll is processed accurately and complies with the deadlines
- Review timesheet and invoices for employees with attendance system, process payroll and advice account payable to initiate payment in the bank (Ontario/Quebec/Romania/Turkey) on a bi-weekly and monthly basis
- Resolve queries for employees related to salary calculation
- Calculate and maintain adequate accruals for employee dues (Leave / wages etc.)
- Administrate group insurance: communicate with the agent, update, add plan members, work on invoices, calculate company and employee portions and deduct employee's group insurance premium.
- Submit regulatory reports on set deadlines (monthly / annually)
General:
- Update the cash flow on daily basis for the payments which are due based on the account payable ageing and due dates
- Corporate document maintenance, receiving and storing invoices
- Posting journal entries and maintaining an orderly accounting filing system
- Performing month-end closings and accruing expenses provisions for the month-