Sydney Daluxolo

Company Context: Provide Accounting and financial consulting services to Black Inc Events & Communications, a mid-sized events company with 50+ employees across four departments. Role focuses on full-cycle accounting, tax compliance, payroll, audit and financial planning and audit support.

Key Achievements:

•Manage the full accounting cycle including bank reconciliations, AP/AR, and month-end close, maintaining 100% accuracy and reducing closing time within first 3 months

•Oversee payroll processing for 50+ employees, ensuring full compliance with PAYE, UIF, and SDL requirements with zero penalties to date

•Prepare and submit VAT returns with 100% on-time compliance across 2 filing periods, supporting financial planning through budgeting and forecasting that improved expense tracking accuracy by 15%

•Identified and resolved cash flow variances exceeding R180K through improved reconciliation processes, strengthening working capital position

•Streamlined accounts payable processes, reducing invoice processing time by 20% and improving vendor payment cycles

•Created a monthly financial dashboard for leadership, enabling real-time tracking of budget vs actuals leading to identification of R85K in cost savings within first 2 months

•Strengthened internal controls around payment approvals, reducing risk of duplicate payments by 25%

Company Context: UK-based foundation serving both profit and non-profit clients. Worked remotely from South Africa, managing a portfolio of multiple SME clients simultaneously.

Key Responsibilities & Achievements:.
•Prepared and submitted UK VAT returns and supported HMRC tax computations with 100% compliance and zero penalties
•Led a junior audit team of 4, improving workflow efficiency by 25% and reducing review points by 30%
•Assisted in drafting IFRS-compliant management accounts, improving reporting accuracy for decision-making
•Supported external audit preparation by reconciling accounts and compiling working papers, leading to a smoother audit process with minimal queries
•Maintained accounts payable and receivable ledgers with 98% accuracy, reducing month-end closing time by 20%
•Managed a portfolio of multiple SME clients simultaneously, ensuring 100% on-time delivery of management accounts and year-end financial statements

Promoted from Accounting Assistant to Bookkeeper to Junior Accountant, taking on increasing responsibility for financial reporting, payroll, tax compliance, and audit preparation.

Key Accomplishments

•Recovered over R312K in outstanding debt through weekly aging reviews and persistent follow-up, improving company cash flow by 1.8%
•Reduced audit adjustments by 16% through proactive reconciliation and clean record-keeping
•Streamlined month-end closing by 9 days and reduced posting errors by 67% by improving reconciliation processes
•Managed payroll for 58+ employees with zero penalties, ensuring full compliance with PAYE, UIF, and SDL
•Prepared and submitted VAT, PAYE, and UIF returns with 100% on-time delivery
•Reconciled accounts monthly, resolving variances exceeding R250K before month-end close
•Developed financial forecasts that shaped annual budget strategies across four departments
•🏆 Rising Talent Award for contributions to financial accuracy, process improvement, and team success

Key Achievements:

•Reconciled vendor variances, resolving discrepancies worth R246K monthly

•Maintained 100% accuracy in QuickBooks records across 427 transactions

•Verified and posted customer invoices, cutting posting errors by 67% and speeding month-end close by 9 days

•Reviewed payroll for 58+ employees, ensuring full compliance and zero penalties

•Analyzed credit histories of over 163 potential clients to ensure responsible lending practices and reduce exposure to bad debts •Produced comprehensive monthly financial reports, enabling leadership to identify cost-saving opportunities worth R169K and improve forecasting accuracy by 11%