Sibusiso Moloi

• Manage the daily cashbook process, ensuring accurate recording and allocation of all income and expenses.
• Prepare and process monthly journal entries, payroll, depreciations, recoveries, and correcting journals.
• Monthly inter-company loans.
• Monthly Accounts Payable (AP) Reconciliations.
• Accounts Receivable (AR) Reconciliations.
• Collections fees and commission

Earned Reconciliations

• Maintain and update the fixed asset register monthly, ensuring asset additions, disposals, and assets are properly barcoded, and manage the process of physical verification and depreciation are correctly recorded.
• Prepare accurate and timely monthly management accounts, providing insight into the financial performance of the business.
• Compile weekly cash flow reports to monitor liquidity and support strategic financial planning.
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• Submit monthly VAT201 returns, handle all related queries from SARS, and provide supporting documentation for audits.
• Coordinate and support the year-end audit process.
• Prepare the necessary schedules and documentation.
• Process audit adjustments, and ensure alignment with auditor recommendations.

• Responsible for daily banking for the pharmacy and reception, utilizing approved systems.
• Reconciliation of journals and cash received.
• Ensure journals are cleared appropriately in the accounting system.
• Identify and highlight variances in accounts and recorded information, then escalate for rectification.
• Investigate and resolve inquiries with invoicing.
• Ensure the accurate maintenance of supplier invoices.
• Procurement administration:
• Utilize approved vendor lists to request quotations and ensure compliance with organization policies, guidelines, and processes.
• Monitor and track progress on requests to ensure requests are actioned in a timely manner.
• Utilize the approved system to raise orders and assign/escalate to the appropriate person for approval.
• Oversee stationery and consumables stock control for the facility:
• Ensure an adequate supply of stationery in the hospital, and order when necessary.
• Responsible for the receipt of deliveries and the issuing of stock to relevant departments.
• Accurate capturing of invoices of stock received.
• Conducting monthly stocktaking for consumables and weekly issuing.
• Ensure all monthly supplier invoices are processed and captured for payment, meticulously.
• Maintenance of the asset register by barcoding newly bought assets and ensuring that they are capitalized in the system as per company policy.
• Receipt and acknowledgment of quotes, and ensure the correct allocation to appropriate GL accounts.
• Generate the order
• Process the invoice on the asset register after the receipt of stock, or completion of services rendered.
• Liaise with procurement for releasing orders as pertaining to established processes.
• Process pharmacy invoices.
• Ensure invoices are correct (i.e., price accuracy, etc.). and liaise with relevant professionals from pharmacy and suppliers.
• Follow up on outstanding invoices to ensure financial integrity.
• Facilitate the processing of invoices by the Accounts Department.

• 2020 – 2023 (December) Contract Ended

• Performed observations and evaluated supporting documents to supplement audit findings.
• Provided detailed documentation on audit findings, facilitating swift corrective action when necessary.
• Conducted risk assessments to determine areas requiring increased focus during subsequent audits.
• Communicated with auditees staff to obtain necessary information for audits.
• Collaborated with cross-functional teams to identify areas of risk and implement preventative measures.
• Interviewed auditees to gather data needed to conduct audits.

Tax value of all assets/ Deferred Tax.

• Calculating the tax value of all movable and non-movable assets in South Africa and internationally to determine the amount of any temporary difference in compliance with IAS 12.

NX CA (SA) – Denel SOC Ltd

Technical Accounting Support for a Clean Audit.

• Reviewed bank reconciliations.
• Reconciled debtors, creditors, and prepared a creditors and debtors listing for the Auditor General.
• Reconciled license fees and levies charged to licensed operators against actual fees and levies received.
• Reconciled the GL board members' fees against the VIP payroll.
• Part of the team reviewed the useful life of certain assets owned by the Board and other assets that need to be impaired at the end of the financial year.
• Reconciled the asset register to the final General.
• Ledger
• Prepared a journal for assets approved by the Board for write-off.
• Assisted in the preparation of quarterly management accounts.
• Part of the team that prepared annual financial statements, which are GRAP compliant.
• Responded to the Auditor General's findings for work done as and when required.

NX CA (SA) - North-West Gambling Board .

Accounting Support.

• Reconstructed the creditors for the 2014 and 2015 financial records for completeness.
• Audit the supply chain unit to identify fruitless and wasteful, unauthorized expenditures.
• Updated the above-mentioned registers and commitment register.
• Updated the contingent/litigation liability register.
• Performed a high-level review of the annual financial statements to ensure that they are GRAP compliant.

NX CA (SA) North West Department of Sports, Arts, and Culture.

Accounting Support.

• Physical verified heritage assets in compliance with the GRAP 103.

NX CA (SA) North West Tourism Board .

Accounting Support

• Physical, verified farming assets.
• Reviewed each farm's financial statements, and performed a debt and liquidity analysis of each farm.
• Make recommendations to the department on whether each farm is in the position to pay its lease obligation.
• Part of the team that prepared a close-out report for the project.

NX CA (SA) - National Department of Rural Development.

Financial Management Support.

• Due diligence review for all independent and disability schools in the entire Eastern Cape and Gauteng.

NX CA (SA) - Eastern Cape Department of Education and Gauteng.

Technical Financial Support and Audit Management.

• Reconciled VAT to the GL.
• Reconciled the Fixed Asset Register (FAR) to the general ledger.
• Reconciled VIP payroll to the general ledger.
• Calculated accrued leave outstanding at year-end for all employees.
• Assigned to respond to an analytical review for risk assessment prepared by the auditor.
• General on the significant classes of revenue, expenditure, assets, liabilities, and disclosures.
• Assisted in the preparation of journals before approval by the delegated staff.
• Reviewed the retention register and performed recalculations to ensure that the closing balance is correct.
• Updated the commitment, unauthorized, wasteful, and fruitless expenditure register.
• Part of the team preparing the audit file.
• Reconciled the GL to the financial statements before submission to the Auditor General.
• Part of the team that prepared GRAP-compliant Annual Financial Statements for the municipality.
• Reviewed each vote to identify all transactions that were misclassified when processing transactions in the accounting system.

NX CA (SA) Victor Khanye Local Municipality.

Revenue

Revenue Enhancement Strategy.

NX CA (SA) – Setsoto Local Municipality.

Financial Management Support.

• Preparing standard operating procedures (SOPs) for the entire municipality, all directorates.

NX CA (SA) - Bushbuckridge Local Municipality.

• 2010 – 2013
• Handled day-to-day accounting processes to drive financial accuracy for various clients.
• Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.
• Gathered financial information, prepared documents, and closed books.
• Reconciled accounts and reviewed expense data, net worth, and assets.
• Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating, and cash, and banking reconciliations.
• Used advanced software to prepare documents, reports, and presentations.
• Preparations of annual financial statements and management packs for different clients