Accounting Officer - GL

Job Description

Accounting Officer is responsible for conducting bank reconciliation, Closing month-end account, breaking details for Balance Sheet, cooperating with BU and external auditors, and performing other tasks as assigned

Main Responsibilities

Bank Reconciliation

• Match AP and AR transactions with bank statements
• Escalate all outstanding transactions to and resolve issues with
  • • MGS Accounting AR team for deposits
    • MGS Accounting AP team for payments
• Transfer to GL and make adjustments as necessary (e.g. bank charges, petty cash, returned salary)

Month-End Closing

Prepaid and accrued expenses

Record all pre-paid and accrued expenses into GL

• Allocate expenses by BU and post to GL
• Check variance by comparing Trial Balance for current month with previous month
• Resolve issues as necessary

Close P&L and Balance Sheet

• Obtain information from all MGS Accounting teams (e.g. Inventory, Fixed Asset, AP, AR, etc.) and BU (e.g. Sales team)
• Input statistical data (e.g. Number of shops opened/closed, staff movement etc.)
• Input recurring expenses and standard journals (e.g. audit fee, tax and license fee) into the system
• Generate final P&L and Balance Sheet
• Prepare document support for financial highlights (e.g. AR aging report)

Balance Sheet Breaking Details

• Review results of reconciliation with other modules to match with Trial Balance
• Reconcile bank statements with all other accrued expenses not in AP (e.g. audit fee, KPIs and bonuses)
• Feedback to originator if any issues identified
• Check for any mistakes and make adjustments as necessary

Qualifications

Education:

• Bachelor Degree in Accounting

Experience:

• 0 - 3years of experience in Accounting