Accounting Specialist

Island Air Products Corporation; Cebu City; On-site; PHP 279,000 - 390,600; Full time

Benefits offered by this job

Health insurance

Annual performance bonuses

Job summary

A leading air product supplier in Cebu City is seeking an experienced Accountant to handle daily sales monitoring, prepare monthly financial reports, and ensure compliance with tax regulations. This role requires strong knowledge of accounting principles, financial reporting, and inventory management. The ideal candidate will also manage petty cash and assist with regulatory compliance. Join us to contribute to the financial integrity of our operations and support the team's success.

Qualifications

• Must have experience in financial reporting and accounting practices.
• Strong understanding of bookkeeping and reporting.
• Experience with audits and compliance regulations.

Responsibilities

• Monitor daily branch sales and financial transactions.
• Prepare monthly accounting reports and bank reconciliations.
• Conduct inventory monitoring and petty cash management.
• Ensure compliance with tax and regulatory requirements.

Skills

Accounting principles

Financial reporting

Inventory management

Auditing

Tax compliance

Education

Bachelor's degree in Accounting or Finance

Tools

Accounting software

Excel

Inventory management systems

Job description

Duties and Responsibilities – Accountant

Overall Responsibility

• Monitor daily branch sales, including cash and check collections, expenses, and cash/check flow of sales centers.
• Prepare monthly accounting reports such as income statements, cash and check flow, bank reconciliation, and accounts receivable.

Daily Report Checking

• Daily production reports
• Daily charge sales
• Daily cash sales and collections (delivery and office sales)
• Daily inventory reports

Inventory Monitoring

• Daily inventory
• Monthly warehouse inventory

Petty Cash Monitoring

• Conduct monthly monitoring of petty cash fund and extra cashier fund.

Disbursement and Expense Control

• Counter-check and encode expense disbursements.
• Substantiate financial transactions by auditing supporting documents.

Cash and Check Collection

• Monitor daily cash and check collections.
• Counter-check cash and check flow of sales centers.

Payroll and Cash Advances

• Counter-check payroll computations and cash advances.

Monthly Financial Reports Preparation

• Income Statement
• Cash and Check Flow
• Bank Reconciliation

Accounts Receivable Monitoring

• Check aging of accounts receivable.
• Coordinate delayed receivables with the Credit and Collection Officer.
• Counter-check accounts receivable and cylinder confirmations with the Cylinder Controller.

Sales and Operational Reports

• Check monthly cylinder reports.
• Monitor post-dated check collections.
• Review IAPC hauling expenses.
• Check customer rebates.

Audit of Sales Centers (Branches without Accounting Assistant)

• Inventory of full and empty cylinders
• Sales
• Collections
• Expenses
• Receivables
• Loaned cylinders

Payables and Tax Compliance

• Process payables, including:
• Monthly and quarterly VAT (for branches that are separate entities from IAPC)
• Quarterly corporate tax
• Expanded withholding tax
• BIR annual registration fee
• Annual income tax return
• SSS, PhilHealth, and Pag-IBIG contributions

Government and Regulatory Compliance

• Secure and coordinate real property tax payments and business permit renewals.

Invoice and Printing Coordination

• Prepare Authority to Print (ATP) and coordinate invoice printing with the accredited printing press.

Accounting Controls and Reconciliation

• Maintain accounting controls by preparing and recommending policies and procedures.
• Reconcile financial discrepancies by collecting and analyzing account information.

Petty Cash Custodianship

• Act as petty cash custodian for branches without an Accounting Assistant.

Bank Transactions

• Prepare and deposit daily sales to the bank.