Elements and Performance Criteria
- Process journal entries
- Prepare general journal entries from source journals in accordance with accounting requirements, organisational policy, procedures and accounting standards
- Post journal entries into general ledger system in accordance with organisational policy, procedures and accounting standards
- Reconcile accounts payable and accounts receivable subsidiary ledger systems with general ledger
- Ensure processing maintains the accounting equation and is completed within designated time lines
- Prepare a trial balance
- Prepare trial balance of general ledger system in accordance with organisational requirements and accounting standards, and ensure it is checked for accuracy
- Identify and rectify irregularities or refer them for resolution when trial balance does not balance, in accordance with organisational policy and procedures