Sales & tax accountant

Job Duties – Accounts Receivable & Tax Accountant First: Accounts Receivable & Collections Open and review customer accounts and ensure the accuracy of recorded balances and account information.

Record and review sales invoices, sales returns, discounts, debit notes, and credit notes.

Monitor each customer’s payment terms and methods, including cash payments, advance payment percentages, installments, cheques, and weekly/monthly credit terms.

Record collections and received cheques and allocate them to the relevant customer accounts and outstanding invoices.

Follow up on returned cheques and immediately reinstate their amounts to the respective customer accounts.

Prepare, review, and periodically reconcile customer statements of account.

Prepare Accounts Receivable Aging Reports and identify due and overdue balances.

Prepare the weekly collection plan and follow up on its implementation in coordination with the Sales Department and collection personnel.

Review customer credit limits and issue alerts before the approved credit limits are exceeded.

Monitor installment and cheque due dates and notify the responsible personnel of amounts due for collection.

Reconcile total customer balances with the General Ledger and perform the necessary reconciliations and adjustments.

Review customer balances and credit status before approving any new orders or credit sales.

Ensure that no discounts, account adjustments, or bad debt write-offs are processed without the required management approvals.

Second: Tax Responsibilities Review the tax treatment of sales and purchase invoices and ensure the accuracy of all tax-related information.

Prepare Value Added Tax (VAT) data and returns and review them before submission.

Follow up on withholding and collection taxes and advance tax payments, as applicable to the company’s transactions.

Prepare all required documents and supporting data for tax returns and tax audits.

Reconcile invoices and accounting records with the Electronic Invoicing System and follow up on and resolve any discrepancies.

Review and follow up on tax documents related to customers and suppliers and ensure that all required documentation is complete and compliant.

Maintain and organize tax files, invoices, and supporting documents in a manner that ensures easy retrieval and proper record keeping.

Coordinate with the external auditor, statutory accountant, or tax advisor regarding tax returns, tax audits, and tax claims.

Follow up on any discrepancies, assessments, or claims resulting from tax audits, prepare the relevant reports, and escalate them to management.

Monitor statutory deadlines for filing tax returns and fulfilling tax obligations and provide timely alerts before due dates.