Financial Accounting

1. Administer and monitor the financial system in order to ensure that the company’s finances are maintained in an accurate and timely manner.
2. Preparation and review of annual and semi-annual budget.
3. Handles maintenance/revision AXAPTA Financial Report Writer templates.
4. Establish, maintain and reconcile the general ledger.
5. Checks AP vouchers for payment.
6. Prepare and reconcile bank statements. Coordinate with Treasury Department unreconciled transactions.
7. Monitors company’s loans and borrowings.
8. Reconciles GL/SL Accounts, and perform any relative approved adjustments.
9. Checks GL entries of Audit & System’s SOP formats.

General Accounting

1. Maintain the books of accounts and prepare the financial statements of the company.
2. Ensures that all transactions are posted correctly in AXAPTA.
3. Records in Axapta GL of monthly Journal Vouchers for Rent Expense/Income and amortization of prepayment accounts for stock and car insurance
4. Reconciles Subsidiary ledger balances of Inventory, Accounts Receivable, Accounts Payable, Cash in Bank, Due to (from) subsidiaries, Company advances and Inventory Loss/Gain against Subsidiary Ledgers.
5. Recommends improvements of the existing system, in coordination with ITD and system’s and method.
6. Assist in the annual audit.
7. Checking and preparation of summary for Revolving fund liquidation, twice a month and Petty Cash Fund every month.
8. Preparation and checking of monthly incentive and ensure timely credit on employees account.
9. Reconcile PO posted versus actual payments for importation.
10. Update and monitor daily showroom sales and collection.
11. Filing of Tax Returns in Electronic Filing and Payment System.
12. Checking of monthly withholding tax, SSS, HDMF and Pag-IBIG remittances.
13. Administers Period/Year-end Closing in AXAPTA.

Financial Analysis

1. Manages process improvement and cost savings strategies.
2. Coordinate with the Financial Planning & Services Supervisor in the formulation of budget.
3. Analyzes the spin-off company’s Advertising and Promotions’ Budget folders’ expenses for the fiscal year.

Reports

1. Generate, analyze and submit the company’s Financial Statements and discusses with the Presidents.
2. Provides management report on company’s financial statement and financial performance.
3. Initiates meetings with spin-off company personnel to discuss and resolve accounting related issues and concerns.
4. Checks consolidated depot daily report on sales, accounts receivables, inventory and other monitoring reports.
5. Ensures accuracy of generated reports prior to submission to concerned departments.
6. Updates and summarizes the following report

• • Disbursement Report
  • Summary of monthly advances of Holding Company to it’s affiliate companies
  • Year-End Financial Statements