MMR
Myanmar
General Ledger Accountant
Experience level
Job Function
Job Industry
Min Education Level
Job Type
Job Description
A Good Opportunity for ..
Closing & Review
Close the books of select subsidiaries by posting cash, cash receipts and sales monthly and yearly
Sum the general ledger and prepare trial balances. Identify imbalances and rectify any issues
Adjust for accruals and prepare adjusted trial balances. Identify imbalances and rectify any issues
Generate financial statements, enter closing entries (move temporary accounts to permanent) and prepare the final trial balance. Identify imbalances and rectify any issues
Review the posting of all entries to the general ledger ensuring entries and accounting methods employed are correct
Identify inconsistent entries and work with colleagues to eliminate such instances in the future
Bookkeeping & Reconciliation
Establish and enforce proper accounting methods, policies and principles
Assess current practices and procedures, and make recommendations for improvement
Oversee the recording of all entries into the general ledger for each account as mentioned below:
Accounts Receivable
Prepare journal entries for accounts receivable and sales then record in the ERP. This includes provisioning allowances for doubtful accounts and creating and tracking deferred revenue schedules
Generate invoices, send bill reminders, process payments and post receipts for goods sold or services rendered
Perform account reconciliations and investigate discrepancies
Resolve collections by examining customer payment plans and payment history, and coordinating with Treasury as needed
Accounts Payable
Prepare journal entries for accounts payable and expense related items then record in the ERP. This includes recording discounts and refunds received, and creating and tracking prepaid expense schedules
Track all payments and expenditures, including payroll, purchase orders, invoices, partial payments and other similar items
Clear all financial commitments by preparing checks or arranging for electronic submission. Liaise with those owed to ensure processing of the payment
Reconcile processed work by verifying entries and comparing system reports to balances
Develop and maintain strong working relationships with vendors and suppliers. Work with Treasury to delay payments as needed to ensure sufficient capital is available to meet all obligations
Inventory
Prepare journal entries for inventory and COGS then record in the ERP. This includes tracking the inventory stages (raw material, work-in-process, finished good) and allocating expenses to COGS (LIFO, FIFO, avg. cost)
Track purchase orders, monitor inventory transactions, reconcile inventory with accounts at the month end and investigate discrepancies
Conduct inventory control audits, variance analysis, charge-backs and physical inventory count reconciliations
Fixed and Intangible Assets
Prepare journal entries for fixed and intangible assets then record into the proper module of the ERP
Develop and track depreciation and amortization schedules. Where tax and accounting principles require different periods of time for depreciation and amortization track both and make the necessary journal entries
Record sales and write-offs of assets. Properly account for gains and losses considering the nature of the transaction (cash vs. like-for-like vs. payment in-kind)
Maintain the asset registry and ensure all new assets are tagged accordingly.
Leases
Determine the appropriate accounting principle for each lease an apply it accordingly
Prepare journal entries for leases then record in the ERP. This includes right-of-use assets, lease liabilities interest expenses and depreciation (and subsequent schedules) for all leases subject to IFRS 16.
While the above includes a description of the essential functions of the position, other duties may be assigned. This job description is subject to change at the discretion of management
Open To
Job Requirements
Bachelor's degree in accounting or finance
Accounting certifications (CPA, ACCA or CIMA) highly preferred
5+ years of progressive accounting experience
Fluent in English
Extremely organized and attentive to detail
Strong with numbers
Thorough understanding of accounting and financial reporting principles and practices
Excellent verbal and written skills
Advanced skills in Microsoft Excel and Word
Familiarity with Enterprise Resource Planning (“ERP”) software systems
What We Can Offer
Benefits
Highlights
Career Opportunities
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