Job Duties – Accounts Receivable & Tax Accountant

First: Accounts Receivable & Collections

• Open and review customer accounts and ensure the accuracy of recorded balances and account information.

• Record and review sales invoices, sales returns, discounts, debit notes, and credit notes.

• Monitor each customer’s payment terms and methods, including cash payments, advance payment percentages, installments, cheques, and weekly/monthly credit terms.

• Record collections and received cheques and allocate them to the relevant customer accounts and outstanding invoices.

• Follow up on returned cheques and immediately reinstate their amounts to the respective customer accounts.

• Prepare, review, and periodically reconcile customer statements of account.

• Prepare Accounts Receivable Aging Reports and identify due and overdue balances.

• Prepare the weekly collection plan and follow up on its implementation in coordination with the Sales Department and collection personnel.

• Review customer credit limits and issue alerts before the approved credit limits are exceeded.

• Monitor installment and cheque due dates and notify the responsible personnel of amounts due for collection.

• Reconcile total customer balances with the General Ledger and perform the necessary reconciliations and adjustments.

• Review customer balances and credit status before approving any new orders or credit sales.

• Ensure that no discounts, account adjustments, or bad debt write-offs are processed without the required management approvals.

Second: Tax Responsibilities

• Review the tax treatment of sales and purchase invoices and ensure the accuracy of all tax-related information.

• Prepare Value Added Tax (VAT) data and returns and review them before submission.

• Follow up on withholding and collection taxes and advance tax payments, as applicable to the company’s transactions.

• Prepare all required documents and supporting data for tax returns and tax audits.

• Reconcile invoices and accounting records with the Electronic Invoicing System and follow up on and resolve any discrepancies.

• Review and follow up on tax documents related to customers and suppliers and ensure that all required documentation is complete and compliant.

• Maintain and organize tax files, invoices, and supporting documents in a manner that ensures easy retrieval and proper record keeping.

• Coordinate with the external auditor, statutory accountant, or tax advisor regarding tax returns, tax audits, and tax claims.

• Follow up on any discrepancies, assessments, or claims resulting from tax audits, prepare the relevant reports, and escalate them to management.

• Monitor statutory deadlines for filing tax returns and fulfilling tax obligations and provide timely alerts before due dates.

Requirements