Provide General Accounting services: General accounting tasks (GL account maintenance, journal entries, closing activities, reporting etc.), Asset Accounting (capitalization, depreciation, amortization) and Cost Accounting.
• Monthly closing activities for different locations
• Review and submission of trial balances for different locations
• Payroll posting
• Posting of provisions
• VAT related activities
• Local GAAP for different countries and reconciliation with US GAAP accounts
• Account reconciliation
• GL system and map of accounts maintenance
• Assist locations in other GL accounting issues
• SOX and internal control compliance
• Interaction with statutory and government auditors
• Providing the data for statutory tax reporting
• Interfaces with payroll system. Correctness of uploads
• Deposit payroll taxes
• Month end and year end closing activities
• Accrual record
• Inter-company accounting
• Develop accounting period-end timetables according to Client policy guidelines
• Ensure that trial balance is reconciled at all the times, especially bank transactions, fixed assets accounts, accounts receivable and payable transactions
• Close & Reconcile sub ledgers: AP, AR, Inventory, Fixed Assets, Bank Accounts;
• Analyze book recurring, reclassification and allocation of journal entries;
• Book accruals and provisions received from client;
• Reconcile inter company;
• Reconcile P&L and B/S; and
• Prepare and send report to client on USGAAP basis.
• Preparation of working papers for VAT return
• SOX documentation and internal control testing
• Interaction with other departments to facilitate GL process including fixed assets
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