mwanzianorah

Accounts payable management
• Petty cash management and reimbursement.
• Making statutory payments to the specific government bodies.
• Reviewing LPOs, receiving, processing creditor invoices and making payments.
• Allocating and reviewing creditor accounts.
• Generating remittance advices for creditors.
• Reconciling monthly vendor statements, investigating discrepancies, and resolving billing disputes.
• Calculating and remitting tax and withholding vat for creditors.
• Preparing and remitting monthly VAT to KRA.
• Preparing monthly creditor ageing report.
2. Accounts receivable management
• Preparing invoices for debtors, following up on timely payments and maintaining correct debtor records.
• Posting revenue and uploading invoices to the company systems.
• Monitoring the accounts receivables aging report and following up overdue invoices.
• Reconciling customer accounts daily, weekly and monthly to ensure all transactions are correctly posted and variances resolved.
• Receiving, recording and accurate allocating all customer receipts.
3. Financial Transaction Processing
• Processing payment vouchers and financial transactions in accordance with approved procedures.
• Verifying supporting documentation for payments and financial transactions.
• Assisting in posting transactions into the accounting system accurately.
4. Accounts Reconciliation
• Preparing bank reconciliations and following up on outstanding reconciling items.
• Reconciling general ledger accounts.
• Preparing creditor and debtor reconciliations and following up on payments to both.
• Investigating and resolving routine reconciliation discrepancies.
5. Financial Reporting Support
• Assisting in preparation of monthly, quarterly and annual financial reports.
• Assisting in preparation of management reports and financial analysis schedules.
6. Compliance and Controls
• Ensuring compliance with financial policies and procedures.
• Supporting implementation of internal control measures.
• Assisting in monitoring compliance with statutory and regulatory requirements.
7. Record Keeping
• Maintaining organized, audit-ready records of all allocation entries, including payment advices and bank notifications.
• Supporting internal and external auditors by providing allocation schedules, supporting documents, and clarifications as required.
8. Cost control
• Monitoring production costs and identifying cost-saving opportunities.
• Preparing and maintaining accurate product costing and cost analyses.
• Preparing periodic cost reports and providing management with financial insights.
9. Budget control
• Supporting budgeting, forecasting, and inventory valuation processes.
• Monitoring cash flow and financial performance against budgets.
Achievements:
• Reduced creditor costs by Ksh 100,000 through streamlined creditor management processes.
• Improved accounts receivable collection rate by 23% significantly enhancing company cash flow.
• Recovered Ksh 697,000+ in outstanding receivables through pro-active debtor follow-ups and account reconciliation.