Balance Sheet Reconciliations (between 2004 to 2007) Payables, Receivables and other major balance sheet items.
2. In RECEIVABLE there are 15 customer accounts and in payable there are 10 accounts, which need to be fully reconciled.
3. Payable reconciliation is basically intercompany balances and which covers the following:
a. Scrutiny of Invoices raised on Nigeria (by other Brunel entities) for Nigeria related business.
b. Verification of support documents, in line with the contractual terms with clients.
c. Verification of Recording the above in Brunel Nigeria’s books.
d. Payment of invoice and proper recording of same in Brunel Nigeria’s books
e. Obtaining balance confirmations.
4. Receivable Reconciliation is basically related to invoicing and collection of client invoices and which covers the following
a. Accounting of invoices raised on clients.
b. Matching of Intercompany invoices, with Client invoices..
c. Value verification of Invoices.
d. Verification of Recording the above in Brunel Nigeria’s books.
e. Matching collections with each invoice raised .
f. To arrive at the final outstanding, with invoice-wise details.
g. Obtaining balance confirmation from the Clients.
Accountant Short term assignment one to two months at Nigeria
The job involves various reconciliations, checking of balances, back up documentation verifications etc. to arrive at the correct balance sheet closing balances, as at 31.12.07.
CA
As per industry standard
.jpg){kind=logo}
CAclubindia
