Account Payable (Villa Management)

Job Summary

• The
• Accounts Payable

is responsible for managing day-to-day financial transactions, verifying the accuracy of records, reconciling accounts, and maintaining the integrity of accounts payable and receivable processes to support accurate financial reporting.

• Key Responsibilities
• Daily Financial Transactions
• Record and process day-to-day financial transactions, ensuring accurate posting into the accounting system.

Verify the accuracy of transactions in the day book, suppliers' ledger, customers' ledger, and general ledger, ensuring correct allocation to respective accounts.

• General Ledger Maintenance
• Bring the books to the trial balance stage by ensuring all financial data is accurately recorded, reconciled, and ready for further review.
• Perform partial checks of the posting process to verify the correctness of entries and make adjustments where necessary.
• Data Entry and Financial Reporting

Maintain accurate records by entering financial data into accounting software, creating detailed reports, and preparing financial statements.

Assist in generating monthly financial reports, ensuring income and expense entries are correctly categorized in the appropriate chart of accounts.

Reconciliation and Auditing

Reconcile all transactions related to expenses and income, ensuring alignment with the chart of accounts and assisting in monthly reporting cycles.

• Verify all recorded transactions are accurate and compliant with company policies.
• Accounts Receivable and Payable Management
• Oversee the Accounts Payable and Accounts Receivable aging reports, ensuring timely payments and collections to maintain proper cash flow.
• Maintain accurate records for supplier and customer accounts, reconciling balances regularly to ensure financial data integrity.