1. Account payable
- Invoice booking : Ensures all vendor invoices are checked and recorded on timely manner. Ensure 3 way match principle (PO-Invoice-GR) for invoice booking.
- Payment term: Ensure invoice due date is in line with agreed payment term before each standard payment run - Clearing: Timely review and clear vendor due. payment/advance payments/deposits against invoices, coordinate with relevant stakeholders to claim for action taken.
- CAPEX tracking: Keep track on construction contracts progress (invoice, payment, retention,etc).
2. Account receivables
- Release accounting document for billing: Ensures all billing are released to accounting documents in timely manner.
- Monitoring legal invoice: Issue legal invoice on time following local regulations
- Clearing: Timely review and clear customer collections against AR invoices.
3. Bank and payment
- Payment run: Prepare payment proposal sending to treasury for execution.
- Bank reconciliation : ensure timely record of payments to vendor, collections from customers.
- Other banking operation: Deal with Bankers on Banking operations: Open Letter of credits, Bank guarantees, send documents for collections to Banks and other paper works.
- Handle Petty cash: Manage and release cash upon request following cash policy.
4. Tax matters
Monthly tax declaration and payment proposal (CIT, WHT, Business license tax,…)
5. GL accounting
- GL accounting: Timely register accruals, deferral, reclassification upon the facts.
- GL reconciliation: Prepare GL reconciliation in timely basis (per policy).
- Filing: Ensure that supporting accounting documents are maintained and well-managed.
