General Accountant | Taguig  

The Accountant is responsible for the accounting of transactions, reportorial requirements - internal and governmental, disbursement processing and filing requirements of the locale assigned to him/her; does other tasks and functions as may be assigned.

Duties and Responsibilities:

• Bookeeping
  • Maintains updated and accurate books of accounts as follows:
    • General Ledger
    • Cash Disbursement Book
    • Cash Receipt Book
      • Checks accuracy of Accounting and Sales Reports
      • Checks that the daily sales and other income are deposited intact immediately the following banking day
      • Checks that all deposits are supported by bank-validated deposit slips
      • Reports all shortage and overage to the Chief Accountant
    • General Journal Book
  • Maintains updated, complete and accurate subsidiary ledgers of all controlling accounts as follows:
    • Cash on hand
    • Investments
    • Receivables
    • Prepaid Expenses
    • Accounts with Affiliates
    • Deferred Charges
    • Accounts Payable
    • Notes Payable
    • Accrued Expenses
    • Retention Payable
    • Other Controlling Accounts
  • Prepares the necessary journal entries promptly and accurately which include the following:
    • Amortization and Prepaid Expenses and Deferred Charges
    • Depreciation of Property and Equipment
    • Accruals
    • Adjustments per bank reconciliation statements
    • Liquidation of Advances
    • Inventory Cost Adjustments
    • Other transactions that need journal entries
  • Reconciles all inter-company and bank accounts monthly
• Accounting of Inventories and Fixed Assets
  • Maintains updated, complete and accurate lapsing schedules of fixed assets which shows the following:
    • Item (indicate brand)
    • Quantity
    • Asset Code / Serial Number
    • Estimated useful Life
    • Acquisition Cost
    • Net Book Value, Jan. 1
    • Monthly Depreciation
    • Net Book Value, Dec. 31
  • Conducts accurate physical count of the following:
    • Property & Equipment as scheduled
    • Reconciles physical count of property and equipment with accounting records.
    • Investigates and reports to Accounting Supervisor any discrepancies in the reconciliation of physical count of fixed assets with accounting records.
    • Ensures that tools and equipment under the custody of employees are covered by accountability sheets.
    • Prepares schedule of property and equipment.
• Processing of Payments
  • Checks the accuracy, validity and completeness of the documents presented for payments which include any of the following:
    • Sales Invoices
    • Delivery Receipts
    • Revolving Fund Vouchers for replenishments
    • Payroll Summary Sheets
    • 5Check Requests
    • Statement of Accounts
    • Other documents presented for payment
  • Prepares cash vouchers / memos.
  • Remits amount due to government agencies and other parties accurately. Amount due includes the following:
    • Taxes withheld on income
    • VAT
    • Residence Tax
    • Corporate Income Tax
    • Real Estate Tax
    • Mayor’s Permit and License
    • SSS, Medicare and EC premiums
    • SSS Loan Amortizations
    • Retirement Plan Contribution
    • Other amount due
• Reportorial Requirements
  • Prepares and submits the financial statements, governmental reports and other reports accurately and promptly which include the following:
    • Balance Sheet
    • Income Statement
    • Trial Balance
    • Cash Flow
    • Schedules to Balance Sheet and Income Statements
    • Governmental Reports (SSS, SEC, BIR, etc.)
    • Monthly Bank Reconciliations
    • Other reports required to be prepared and submitted
• File Maintenance
  • Maintains complete and updated files of all accounting documents as follows:
    • Bank reconciliation statements
    • Journal Vouchers
    • Duplicate Cash Vouchers and Memos
    • Deposit Slips
    • Acknowledgment Receipts
    • Sales Reports
    • Payrolls
    • Accounting Reports
    • Supports to all amounts paid to government agencies
    • Reports to government agencies
    • Billings and official receipts of utilities
    • Contracts
    • Other documents
• Budgeting
  • Prepares budget of the locale assigned to him/her.
  • Monitors budget of the locale assigned to him/her.
• Collection / Liquidation
  • Checks if Credit Sales are collected within the prescribed period
  • Collects all receivables due from affiliates, employees, suppliers, contractors and other parties.
  • Monitors closely all advances made to officers, employees, suppliers and contractors.
  • Sees to it that all advances are liquidated and excess amount, if any is returned to the company within the prescribed period.
• Others
  • Prepares statement of account monthly on all receivables from affiliates.
  • Ensures prompt registration of books of accounts.
  • Performs other tasks and functions as may be assigned from time to time.

• Bachelor of Science in Accountancy graduate;
• Two (2) years experience as a general accountant;