Accounting Intern

Tokyo Consulting Firm - Philippine Branch; Philippines; On-site; PHP 357,000 - 670,000; Full time

Job summary

Tokyo Consulting Firm - Philippine Branch is seeking a detail-oriented bookkeeping professional to join our team in the Philippines. The role involves gathering documents, recording transactions, and ensuring compliance with applicable accounting standards across multiple clients.

You will use Excel and client-nominated software such as QuickBooks or Xero to journalize, post, summarize, and report financial data, and you will assist in tax preparation and PEZA reporting as required.

Responsibilities

• Communicate with PICs to gather required documents and information.
• Review gathered information to ascertain proper recording.
• Assist in completing the bookkeeping process using Excel or client-nominated software (QuickBooks, Xero) including journalizing, posting, summarizing, and reporting.
• Comply with the client-nominated accounting standards (PFRS, PFRS for SME, GAAP for Micro-entities, or Management Reporting framework).
• Generate/prepare financial statements and other reports required by the client.
• Make adjustments for correcting data or reclassifying accounts as required by client.
• Inform PICs of deviations from accounting standards and implications; client decides how transactions are accounted for.
• File accounting documents and records properly for each client.
• Assist in preparing annual financial statements if engaged by client.
• Prepare documents or schedules to assist in audit by independent auditor if engaged by client.
• Liaise with client, client’s representative, and/or government agencies about transactions or concerns.

Job description

Bookkeeping Activities

• 1. Communicates with PICs to gather required documents and information.
• 2. Reviews gathered information to ascertain proper recording.
• 3. Assist in completing the whole bookkeeping process by using excel or other accounting software nominated by the client such as QuickBooks and Xero. The bookkeeping process shall include journalizing, posting, summarizing, and reporting.
• 4. Complies with the requirements of the accounting standard nominated by the client such as PFRS, PFRS for SMES, GAAP for Micro- entities or Management Reporting framework.
• 5. Generates or prepares financial statements and other reports required by the client.
• 6. Make adjustments which include correction of erroneous data or reclassification of accounts as required by client.
• 7. Informs the PICs of any deviation from the accounting standards and its implication. The client has the ultimate decision on how the transactions will be accounted for in its books.
• 8. Properly files accounting documents and records of each client.
• 9. Assists in the preparation of the annual financial statements, if engaged by client.
• 10. Prepares documents or schedules to assist in the audit of the client financial statements by an independent auditor, if engaged by client.
• 11. Liaise with client, client’s representative and/or government agencies in which the client has transactions, applications or concerns.

Tax Preparation and Filing Activities

• 1. Assist in collecting and organizing financial data from clients, including income statements, balance sheets, expense reports, and other relevant documents.
• 2. Prepare tax returns for clients, which include accomplishing various tax forms and schedules and calculating tax liabilities.
• 3. Conducting research on tax regulations and laws in order to ensure clients' tax returns comply with the latest tax rules and regulations.
• 4. Assist in the review and quality control of completed tax returns, ensuring that they are error-free and compliant with tax laws.

PEZA Report Preparation

• 1. Prepare necessary reports, including Quarterly and Annual Reports, Special Reports, and other documents as required by PEZA regulations.
• 2. Assist in maintaining organized records and documentation related to PEZA compliance.