Handle full spectrum of accounts payable (AP) and accounts receivable (AR) portfolio, maintain balance sheet schedule, and participate in project to streamline the AP/AR processes
Expectations of the Role:
Accounts Payable
- Posting of PO & Non-PO based invoice.
- Processing and ensuring the staff claims is compliant with company policy.
- Ensuring all costs are posted to the correct GL account and allocated to the correct cost centres.
- Posting of payments and journal entry for custom clearance import GST and vendor.
- Ensuring that the correct GST code is applied according to IRAS GST guidelines.
- Offer guidance and support to other division on the proper procedure for raising PRs
- Perform payment run for SSG accounts (ACH & Priority)
- Performing creditors recon for selected vendor.
- Monitoring AP ageing for non or delay payment to resolve discrepancies and outstanding issue.
- Performing Inventory reclass for Production Clearing account/ Material for internal consumption account and Scrapped material account.
- Computing monthly accrual for Shared Services /Mgt Quality/Utilities charges for 10&15 CNW/ Audit and tax.
- Act as a checker for any urgent payment.2. Principal Billings & Credit Control
- Liaise with client service and CTM project management team for the monthly billing to principals under my care.
- Ensure billing amount matches with the invoice.
- To mail out principal's invoices in a timely manner and based on principals'/clients' requirements if any. The list of principals/clients shall be maintained and updated regularly.
- To send monthly statement of accounts to respective Principal's Finance or Accounts Payable Team.
- Follow up with respective Principals for outstanding AR balance and resolve disputes, if any to ensure timely collection.
- To provide commentaries on individual customer accounts in AR aging report.
- Creation & maintenance of debtor codes in SAP using the MDG system3. Month End Process
- Provision for income related accruals