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-