Accpac
RAESETJE TEBOGO PHASHA
CA(SA)
1 Mispal Street Woodlands Bendor
Summary
Results-driven manager who believes in transformational leadership. Experienced in financial statement preparation, auditing and reporting. Well-versed in producing reports, evaluating department operations and handling month- and year-end closings. Meticulous, conscientious and methodical in approach.
Overview
13
13
years of professional experience
7
7
years of post-secondary education
2
2
Languages
Work History
Manager: Proactive Assurance
Road Agency Limpopo
10.2023 - Current
- Reviewed financial policies pertaining to unwanted expenditure
- Reviewed Finance and Supply Chain Management transactions to confirm adherence to PFMA, Treasury Regulations, GRAP and RAL policies
- Develop and update quarterly unwanted expenditure report
- Investigated and submitted irregular expenditure for condonement to Treasury in line with PFMA ( R330 million condoned to date)
- Developed Auditor-General Action plan to address external audit findings
- Monitored monthly progress in addressing findings on action plan, unwanted expenditure, and SCOPA resolutions.
- Liaise with Internal control to address internal audit findings raised in Internal Audit Follow-up report
- Developed and implemented checklist to ensure effective internal financial control systems were maintained
- Monitored controls by performing quarterly internal control self assessment
- Coordinated monthly audit steering committee and took minutes of meetings
Assistant Manager: Management Accountant
Road Agency Limpopo
08.2022 - 09.2023
- Compiled monthly management reports, In-year monitoring reports and quarterly management reports for management and Executive Committee
- Coordinated quarterly budget committee meetings
- Served on Bid Evaluation Committees
- Performed variance analysis on expenditure
- Reviewed cash flow and rolling forecasts
- Monitor expenditure and budget allocations monthly to ensure accuracy and alignment with financial requirements
- Timely submission of external reports to Provincial Treasury
- Led and supervised two interns to ensure that work objectives are met
- Developed dynamic dashboards using excel to monitor and track entity's performance against budget
- Developed Standard Operating Procedures (SOPs) for Cost and Management reporting unit.
- Prepared financial reports and presentations on behalf of CFO for bilateral meetings
- Prepares monthly request for funds letters to obtain funds from Department.
Management Accountant
Agricultural research Council -CO
04.2022 - 07.2022
- Performed monthly variance analysis on expenditure
- Drafted Annual Financial Statements according to GRAP framework
- Timely submission of Annual Financial Statements to National Treasury and Auditor General
- Served on Bid Evaluation Committee
- Oversaw year–end process and ensured that AFS Supporting schedules are accurate and submitted timeously for audit.
- Performed calculations such as opening balance test, cash flow and impairment test on debtors
Finance Assistant
Agricultural Research Council – VOPI
05.2017 - 03.2022
- Assisted in development of Standard Operating Procedures (SOPs) for accounts receivables.
- Oversaw that Accounts Receivable cycle in accounting system is carried out in accordance with established standards and regulatory requirements
- Reviewed customer credit applications and set credit limits in line with policy for approval of credit manager.
- Captured customer invoices and linked customer payments on financial system to update accounts receivable accounts.
- Reconciled debtors accounts, investigating and resolving unknown or missing transactions
- Followed up on customer account queries
- Monitored outstanding invoices and performed collection duties on overdue accounts
- Reported monthly to credit manager on ageing of customers, collection efforts taken to reduce long outstanding debt
- Identified balances to be written off as bad debts for credit manager's review
- Supported senior accountants in preparing accurate, up-to-date monthly provisions, accruals and reconciliations
- Accurately calculated and approved Subsistence and Travel claims for employees
- Reconciled debtors accounts, investigating and resolving unknown or missing transactions
- Supported company budgeting and forecasting to ensure alignment with financial accounting target
- Supported annual audit preparation, sourcing and providing requested information to facilitate smooth processes
- Applied accounting and bookkeeping knowledge to identify areas of weakness and opportunities for improvement in financial systems
- Updated records in Microsoft AX dynamics to keep account totals correct and current
- Kept physical and digital records current and compliant with standards
- Prepared general ledger reconciliations monthly (Income received in advance, WIP, customers with credit balances etc.)
- Ensured that control accounts of WIP are cleared
- Ensured that all transactions at month end are accurately and completely posted in the general ledger accounts for preparation of management accounts
- Calculated and raise monthly and year end journals (accruals, income received in advance, prepayments etc) for posting by Finance manager
Senior Accounting Clerk (Salaries and deductions)
Department of Higher Education and training
09.2015 - 04.2017
- Calculated and captured payroll supplementary claims such as overtime, long service awards, subsistence and travel claims in line with labour and tax regulations
- Ensured payroll deductions pertaining to UIF, unions and garnishee orders were accurately processed on PERSAL to meet preset requirements
- Worked closely with HR to ensure compliance with regulations and maintain appropriate correspondence with employees and management
- Used BAS software to process salaries and wages for employees and inter-departmental claims in compliance with labour laws and regulations
- Accumulated IRP5's on PERSAL for all manual payments paid on BAS
- Completed and submitted pension documentation, including calculations of leave pay and pro-rata bonuses submissions to Human Resource department
- Managed payroll data entry and processing for employees to comply with pre-determined departments' guidelines
- Processed payroll garnishments such as tax liens and child support
- Created and managed spreadsheets for leave calculations
- Prepared and distributed payslips and IRP5 for employees
- Applied knowledge of regulations, Labour Law and Tax Law to keep operations in compliance with applicable standards
- Handled queries regarding salary payments and deductions
- Monitored compliance with generally accepted accounting principles and procedures
- Researched proper tax accounting treatment of various transactions such as gratuity payment and bonuses.
- Supervised three interns in Salary and Deduction unit.
SAICA articles clerk
Bloom & Associates CA
01.2011 - 04.2014
- Accounting
- Oversaw recording of transactions from source document to trial balance to ensure validity, accuracy and completeness of transactions.
- Calculated, allocated and reconciled significant general ledger account balances including but not limited to, bank, fixed assets, trade receivables, trade payables and payroll
- Reviewed trial balances used to compile financial statement.
- Processed journals to adjust and correct transaction to comply with IFRS or GRAP standards
- Maintained fixed asset registers by calculating depreciation, gain/loss on disposal of assets, additions and disposals of assets.
- Assessed and calculated impairment of assets
- Assisted in maintenance of management accounts
- Prepared annual financial statements including balance sheets, income statements, and cash flow statements on CaseWare in accordance with IFRS, IFRS for SME and GRAP
- Compiled financial data and prepared reports for review and use by internal and external stakeholders
- Auditing
- Performed risk assessment procedures of significant account balances such as Accounts Payable and Accounts Receivables
- Reviewed implementation of internal controls within an organisation
- Performed external audits in terms of International Standards on Auditing
- Physical verified existence of fixed assets and employees
- Attended annual inventory stock count
- Tax
- Prepared and filed income tax returns (for both individuals clients and companies), VAT returns and CGT calculations
- Provided documents/files to SARS for audits performed by SARS
Education
Chartered Accountant (South Africa), professional -
South African Institute of Chartered Accountants
Johannesburg 01.2021 - 03.2022
Postgraduate Diploma in Applied Accounting Science -
University of South Africa
Pretoria 01.2013 - 10.2014
Bachelor of Accounting Science (Bcompt), Tertiary -
University of South Africa
Pretoria 01.2006 - 06.2009
Senior Certificate with merit, secondary - Matric
Christian Brothers College
Pretoria 01.2003 - 12.2003
Skills
Strong communication
undefinedAffiliations
Membership association with SAICA CA (SA) since 2022
Cellphone Number
082 927 5893
Personal Information
- ID Number: 8507180650083
- Date of Birth: 07/18/85
Software
Caseware
SAGE
Ms Office (Excel, Word and Powerpoint)
References
- Hobyane Magopa (Chief Financial Officer), Road Agency Limpopo, 015 284 4600, 072 580 8124, magopaH@ral.co.za
- Mlungisi Nyembezi (Finance manager), Agricultural Research Council - VOPI, 012 808 8000, 083 586 6311, nyembeziG@arc.agri.za
- Portia Maila (Deputy Director: Salaries and deductions), Department of Higher Education and Training, 012 312 6235, 081 405 0103, maila.d@dhet.gov.za
Timeline
Manager: Proactive Assurance
Road Agency Limpopo
10.2023 - Current
Assistant Manager: Management Accountant
Road Agency Limpopo
08.2022 - 09.2023
Management Accountant
Agricultural research Council -CO
04.2022 - 07.2022
Chartered Accountant (South Africa), professional -
South African Institute of Chartered Accountants
01.2021 - 03.2022
Finance Assistant
Agricultural Research Council – VOPI
05.2017 - 03.2022
Senior Accounting Clerk (Salaries and deductions)
Department of Higher Education and training
09.2015 - 04.2017
Postgraduate Diploma in Applied Accounting Science -
University of South Africa
01.2013 - 10.2014
SAICA articles clerk
Bloom & Associates CA
01.2011 - 04.2014
Bachelor of Accounting Science (Bcompt), Tertiary -
University of South Africa
01.2006 - 06.2009
Senior Certificate with merit, secondary - Matric
Christian Brothers College
01.2003 - 12.2003
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