General Ledger (GL) Accountant to Specialist (GL + AP) – King Koil (Sleep City)
About this position
Responsibilities
Key Responsibilities:
• General Ledger Management:
• Maintain and reconcile the general ledger, ensuring accuracy and compliance with accounting standards.
• Review and post journal entries related to expenses, inventory, and assets.
• Reconciliation Activities:
• Reconcile expenses, bank statements, and fixed asset registers.
• Conduct monthly inventory reconciliations with Sleepwell, ensuring alignment across financial records.
• Monitor intercompany transactions and resolve discrepancies promptly.
• Reconcile payments with bank statements, ensuring all transactions are recorded properly.
• Resolve discrepancies between payment records and bank transactions.
• Fixed Assets and Inventory Management:
• Maintain and update the fixed asset register, ensuring proper depreciation and disposals.
• Oversee inventory management, including stock movement, variances, and reporting.
• Work closely with warehousing and logistics teams to ensure accurate inventory records.
• Accounts Payable and Payment Processing:
• Manage payments for expenses through online platforms (e.g., TikTok, Facebook) using credit cards.
• Process payments to vendors, ensuring timely and correct disbursements.
• Monitor and manage advertising expenses for online platforms, ensuring proper classification and accounting.
• Tax Compliance:
• Prepare and file PND1 and PP30.
• Calculate and cut Withholding Tax (WHT) as required.
• Ensure all tax documentation and filings are accurate and up to date.
• Summited half and yearend corporate tax (PND.51, PND.50)
• Summited Financial statement and BOJ.5 with DBD
• Responsibilities related to accountant’s role
• Vendor Relations:
• Coordinate with vendors to resolve payment-related queries.
• Maintain updated records of vendor contracts and payment terms.
• Financial Reporting and Analysis:
• Prepare accurate and timely financial reports related to GL, inventory, assets, and accounts payable.
• Provide regular updates on payment status and outstanding obligations.
• Support monthly, quarterly, and annual financial close processes.
• Process Optimization:
• Identify and implement process improvements for GL, reconciliation, and payment tasks.
• Develop and enforce financial controls related to warehousing, logistics, inventory, and online expense management.
Requirements
Qualifications:
• Bachelor’s degree in Accounting, Finance, or a related field.
• 3+ years in a GL or accounts payable role within companies handling modern trade, retail, online, and OEM sales.
• Proven experience reconciling.