Accounts Receivables Executive - Singapore - WHIZ LINK MANPOWER

WHIZ LINK MANPOWER
WHIZ LINK MANPOWER
Verified Company
Singapore

1 week ago

Wei Jie

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Wei Jie

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Description
Accounts Receivables Executive - Education Sector

6 months contract


Salary:
$4500 max

5 days work week


Location:
Yishun


Job Scope:
Revenue

  • Ensure invoicing is on time and accurate for all the fees of the school as per Invoicing timeline and liaising with registrar department to ensure invoice are sent only for student with signed student contract.
  • Issue receipts for fees collected via cash/bank transfer/cheque and go to bank to deposit fees collected.
  • Bank reconciliation on a weekly basis.
  • Managing of student management Late Joiners, Posting of Concession, Charging of Other Fee Charges and maintaining master file for student invoices.
  • Analyse Revenue and costing for Other Incomes for each month end and reviewing concession posting.
  • Knowledge of FRS 115 Revenue recognition and ensuring our income recognition is harmonised with the standards.
  • Analyse Month end revenue entries identifying any discrepancies.
  • Reconciliation of Student Numbers with Class student list on a weekly basis, Updating of Student Concession.
  • Assist in compliance with CPE Requirements in consultation with Registrar department for Fee Refund and other information.
Debtors

  • Recording Maintain accounts receivable records to ensure aging is up to date, credits and collections are applied, uncollectible amounts are accounted for, and miscellaneous differences are cleared.
  • Identifying Fees Outstanding before they become overdue and suggesting any corrective action before it becomes default in payment.
  • Identifying the progress made on collections, recording information on sequence of events from first contact to latest outreach or up to date records.
Monthly/Yearly Responsibilities

  • Preparation of forecasted cash flow on monthly basis.
  • Preparation of monthly MIS template for Revenue, Debtors and Concession and passing of recurring entry.
  • Preparation and Maintenance of schedule for P&L and Balance sheet GL Account as part of Month end process.
  • Preparation and filing for Quarterly GST for Income
  • Support in Corporate tax and Withholding Tax filing.
  • Assisting in Internal and Statutory year end audits.
  • Initiate effort and energy beyond the typical workday, where the tasks require additional commitment.
  • Support Manager in Yearend budget and Other Adhoc Activities
  • Perform other duties as requested by direct & dotted reporting line managers / supervisors.
  • Help in implementing process and procedures
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