ACCOUNTS CLERCK

1. General Ledger and Bookkeeping: Maintain and update the company’s general ledger in compliance with Malaysian Financial Reporting Standards (MFRS). Record all financial transactions such as income, expenses, assets, and liabilities in the accounting system. Perform monthly, quarterly, and year-end closing of accounts, ensuring that all entries are accurate and complete. 2. Accounts Payable and Receivable: Oversee and manage accounts payable, including reviewing and processing invoices, ensuring payments are made on time, and reconciling vendor statements. Manage accounts receivable by generating invoices, monitoring collections, and ensuring timely receipt of payments from customers. Reconcile accounts payable and receivable ledgers with financial records regularly. 3. Financial Reporting: Prepare accurate monthly, quarterly, and annual financial statements, including the balance sheet, profit and loss statement, and cash flow statement, in accordance with Malaysian accounting standards. Provide regular financial reports to management, analyzing variances, and offering recommendations for financial improvements. Ensure proper financial analysis is conducted for effective decision-making. 4. Tax Compliance and Filing: Ensure the company complies with Malaysian tax regulations, including Goods and Services Tax (GST), Corporate Tax, Withholding Tax, and other applicable taxes. Prepare and file tax returns on time (e.g., GST, corporate tax, income tax) in line with the Malaysian Inland Revenue Board (LHDN) requirements. Maintain records for tax audits and liaise with tax authorities as needed. 5. Bank Reconciliation and Cash Flow Management: Perform monthly bank reconciliations to ensure that the company’s cash position is accurately reflected. Monitor daily cash flow and ensure that there is sufficient liquidity for operational needs. Reconcile cash and bank balances with financial statements regularly. 6. Payroll Processing: Calculate employee salaries, benefits, and statutory deductions, including EPF (Employees Provident Fund), SOCSO (Social Security Organization), and PCB (Monthly Tax Deduction). Ensure that payroll is processed accurately and on time. Generate payroll reports and ensure timely payment of salaries. 7. Audit and Internal Controls: Prepare for and assist with internal and external audits by providing necessary documentation and explanations. Ensure proper internal controls and accounting procedures are followed to safeguard the company’s financial assets. Implement and monitor accounting policies and procedures to ensure compliance with statutory requirements. 8. Budgeting and Financial Planning: Assist in the preparation of the annual budget and monitor actual financial performance against budgeted figures. Conduct financial analysis and forecasting, identifying trends, and recommending corrective actions when necessary. 9. Costing and Inventory Management (if applicable): Assist with the costing of goods and services to ensure accurate pricing and profitability analysis. Manage and reconcile inventory accounts, ensuring that stock levels are recorded accurately in the financial system. 10. Regulatory Compliance: Ensure compliance with Malaysian financial regulations, including MFRS (Malaysian Financial Reporting Standards), tax laws, and the Companies Act 2016. Stay updated with changes in tax laws and accounting regulations in Malaysia and ensure the company’s compliance.