Elements and Performance Criteria
- Manage the chart of accounts
- Process invoices, adjustment notes and other general ledger transactions
- Invoices to debtors are raised and invoices to creditors are allocated with source documents coded and processed
- Payments from debtors are received, processed and banked in accordance with organisational policies and procedures
- Payments to creditors are made and processed in accordance with organisational policies and procedures
- Adjustments are raised and allocated to correct invoices
- Credit notes are raised for adjustments to invoices and other transactions are entered into the general ledger
- Manage contra entries
- Identify and process bad debts
- Bad debt status is verified through liaison with relevant persons and following attempts to work with debtors to clear debts
- Reporting procedures and appropriate documentation are completed in accordance with organisational policies and procedures and bad debts processed to update debtors and general ledgers
- Manage debt recovery
- Activities and communication with debtors are reviewed in conjunction with relevant persons, if applicable, to establish adequacy of follow-up
- Measures to collect monies, including the initiation of legal action and the seeking of expert advice, are undertaken in accordance with organisational policies and procedures
- Prepare and produce reports and trial balance