Accounting Associate

About this role

The Accounting Associate role ensures accurate recording of financial transaction, timely processing of payables & receivables, proper documentation, and compliance with company policies and regulatory requirements.

Need to maintain accurate financial records and supporting the month-end and year-end closing processes. Knowledgeable in different responsibilities as below:

I. General Accounting & Bookkeeping

- Record daily financial transaction

- Prepare and post journal entries, including accruals and adjustments.

- Maintain and reconcile general ledger accounts

- Assist in monthly, quarterly, and annual closing activities.

- Ensure proper classification of expenses and revenues.

-Maintain accurate subsidiary ledgers and reconcile them to the general ledger.

II. AR and AP

- Process vendor invoices and ensure proper documentation and approvals

- Prepare payment vouchers and coordinate scheduled disbursements.

- Monitor A/P aging and ensures timely payments.

- Reconcile vendor statements and resolve discrepancies.

- Maintain updated vendor files and records.

- Prepare and issue customer invoices accurately and on time.

- Record collections and supply payments to customer accounts.

- Monitor A/R aging and follow up on overdue accounts.

- Reconcile customer accounts and resolve billing issues.

- Assit in revenue recognition processes in accordance with accounting standard.

IV. Bank & Cash Reconciliation

- Perform monthly bank reconciliations.

- Monitor daily cash transactions and report discrepancies.

- Record fund transfers and other treasury-related transactions.

- Assist in monitoring cash flow and preparing cash reports.

V. Payroll Support

- Assist in payroll preparation and verification of timesheets.

- Ensure proper recording of payroll-related entries.

- Maintain payroll documentation and records.

- Support compliance with payroll tax statutory requirements.

VI. Tax & Compliance

- Assist in preparation of tax filing (e.g., VAT, withholding tax, etc.).

- Prepare schedules and supporting documents for tax reporting.

- Ensure compliance with company policies and regulatory requirements.

- Support internal and external audit requirements.

VII. Documentation & Record Keeping

- Maintain organized and complete accounting files and records.

- Ensures proper documentation for all financial transactions.

- Safeguard confidential financial information.

- Assist in updating accounting procedures and documentations.

VIII. Process Improvement & System Support

- Identify process gaps and recommend improvements.

- Ensure accurate data entry into accounting systems.

- Support ERP/ accounting system updates and testing.

- Assist in implementing internal control procedures.