Tendai Mduba
SENIOR ACCOUNTANT
Summary
Knowledgeable Accountant proficient in laws and procedures governing business operations, tax filings and regulatory compliance. Handles detail-oriented work in methodical and organized fashion. Leverages field expertise, resourcefulness and diligence to make positive impact on business operations.
Overview
21
21
years of professional experience
Work History
Accountant
P A Cuthbert & Company (Pty) Ltd
11.2018 - Current
- Processing cashbooks, bank reconciliations, accounts payables invoices and receivables invoices for 3 companies
- Monthly bank reconciliations and accounts payables and accounts receivables reconciliations
- Reporting on accounts payables and accounts receivables age analysis
- Monthly analysis of Sales Data
- Maintenance of the Fixed Asset registers for 2 companies
- Liaising with insurance providers to ensure all fixed assets are insured at all times
- Processing monthly journals like depreciation, interest and accruals
- Processing local payments in Nedbank and foreign payments on Nedtreasury
- Managing foreign currency payments through forward cover and monitoring exchange rates against what is quoted to the customer, booking deals and paying FEC accounts
- Processing foreign accounts payables and reconciliations
- BBBEE data preparation and submitting to BBBEE consultant
- Producing fortnightly cashflow
- Capture and investigate monthly expenses
- Monthly update on the dashboard with financial figures
- Monitoring and review of bi-annual stock counts
- Reconciling physical stock take to General ledger and resolving queries with Workshop Manager
- Processing monthly payroll in pastel and paying the salaries, human resources administration which includes, employee contacts, appointment letters
- Processing and submitting monthly statutory returns (EMP201 and VAT201) for 3 companies
- Producing monthly management accounts which includes, Income statement, Balance Sheet, Cashflow, Debtors Age analysis, Creditors Age analysis, Report on Foreign currency deals
- Monthly reconciliation of intercompany loan accounts
- Supporting business related decision making through analysis of current and past financial information
- Preparing Final year end Trial Balance for submission to the Auditors
- Preparing Audit schedules at year end
- Answering all Audit queries and processing Audit Journals if any.
- Prepared monthly journal entries and reconciliations.
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Updated general ledger with latest entries.
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Completed year-end closing processes with controllers and external auditors.
- Reconciled accounts and created documents for monthly closure procedures.
- Expedited payroll and invoicing by streamlining billing systems.
- Contributed to hiring, training and development of accounting teams.
- Assisted in upgrade and conversion of in-house financial systems.
- Reviewed business operations and obligations to help organization function at acceptable level.
- Reviewed budgets and communicated discrepancies to senior management.
- Partnered with auditors to track errors and add contributions to maintain accuracy.
Fixed Asset Analyst/ GL Accountant
Idwala Industrial Holdings
05.2018 - 10.2018
- Manage capex vote approval process
- Record fixed asset acquisitions and disposals
- Perform and supervise annual fixed asset verification
- Reconcile fixed asset register to general ledger
- Reconcile and post monthly depreciation
- Produce reports on WIP
- Match payments on JDE
- Reconcile, post and pay monthly utility expenses
- Process and reconcile monthly standing journals for accruals, prepayments and provisions
- Post and reconcile the General Ledger
- Capture and investigate monthly expenses
- Reconciliation of inter Company balances
- Daily sales balancing between sales extract and General Ledger and reporting on variances
- Monthly invoicing of other intercompany related costs
- Receipting of Pensioners medical aid contributions
- Monthly review of Balance Sheet Accounts.
Assistant Accountant (Senior) -Accounts Payable
ER24 EMS Pty Ltd
01.2018 - 04.2018
- Supervising Creditors clerks and cashbook clerk, checking correct amounts and allocations on weekly and Monthly payments [Suppliers, Claims & Refunds]
- Checking claims from employees that correct documentation is attached and correct amount is claimed
- Checking claims from service providers for completeness and accuracy
- Checking and signing off creditors' monthly reconciliations
- Checking if payments have been loaded correctly on Absa by Financial Clerk
- Credit card management- applications for new branch managers and cancellation of credit card if Card stolen or if manager resigns
- Credit card journal on SAGE
- Foreign and local Petty Cash Management-issuing out and reconciliation
- Checking and signing of Daily Bank reconciliations
- Daily Cash flow – Check bank balance and transfer to REMGRO
- Fuel expense management-checking slips and allocation to correct cost center
- Arranging foreign currency for employees travelling overseas
- Processing Accrual and Prepayments journals, reversing journals that need to be reversed
- Fixed Asset register review and reconciliation to General Ledger
- Clearing out suspense account
- Monthly Balance sheet Reconciliations.
- Monitored status of accounts receivable and payable to facilitate prompt processing.
- Processed payroll by validating work hours and attendance of employees.
Financial Accountant (6 months contract)
KRAM Engineering (PTY) LTD
05.2017 - 10.2017
- Daily and monthly cashflow projections
- Processing and submission of statutory returns
- Checking that proper costing is done
- Checking Bank reconciliations, Debtors and Creditors Reconciliation
- Processing monthly payroll journals, provisions, accruals, correction journals
- Supervision of monthly stock take and reconciliation of actual versus recorded stock
- Maintenance of Fixed Asset Register and handling all insurance matters including depreciation calculation and fixed assets verification
- Reconciliation of Balance sheet control accounts and monthly review of General ledger accounts
- Supervision of the production and Finance Administrators
- Preparing monthly management accounts.
- Reconciled account information and reported figures in general ledger by comparing to bank account statement each month.
Accountant (Part time)-Once a week and mostly work from home
Democratized Transport Logistics and Allied Workers Union (DETAWU)
01.2017 - 04.2017
- Processing monthly EFTs and cheque requisitions
- Preparing cashflow forecasts, budgeting & budgetary control
- Preparing monthly management Accounts for the Union
- Preparing financial reports for the Finance Committee and National Office Bearers
- Analysis and interpretation of financial reports through graphs and ratio analysis
- Analyzing monthly membership income per province
- Supervision & Mentoring of Finance interns.
- Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating, and cash, and banking reconciliations.
- Reconciled accounts and reviewed expense data, net worth, and assets.
IT Internal Auditing on KZN Treasury
Ubuntu Business Advisory Consulting (UBAC) –IT Internal Auditing on KZN Treasury
11.2016 - 12.2016
- Conducting IT Governance review on KZN Department of Community Safety and Liaison
- Conducting IT Inventory Review on KZN Liquor Authority
- Preparing Audit Programme
- Business Process control reviews (PCR) – end-to-end process control reviews, performance reviews
- Performing/assisting with the identification and documentation of related IT risks and controls and identifying deficiencies
- Documenting findings including solid recommendations in terms of corrective action plans
- Preparing Audit Report.
Accountant (Voluntary work)
CTA Chartered Accountants
06.2016 - 10.2016
- Assisting on preparing financials for various clients
- Helping clients prepare for external Audit
- Audit preparation schedules for various clients
- Fixed Assets verification for clients
- Processing client's financials into pastel partner, pastel evolution, sage one online
- Internal Audit for various clients.
- Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.
National Bookkeeper/ Accountant
South African Transport and Allied Workers Union (SATAWU)
07.2009 - 01.2016
- Review and Analysis of General ledger accounts for correct expense allocations
- Review and Implementation of internal accounting controls
- Maintaining external relationships with the bank, overseas donors and external Auditors
- Preparing and reviewing Standard operating procedures
- Processing payments on Standard Bank business online
- Capturing all bank account transactions done through stop/debit orders, EFT and cheque into the cashbook and bank reconciliations
- Ensuring compliance with the procurement process as per the union finance policy
- Paying suppliers monthly, monitor debt levels and compliance with debt covenants
- Ensure that receivables are collected promptly and receivables are correctly allocated including review of the age analysis
- Maintain the petty cash fund
- Processing standard journals and accruals, including salaries journals PAYE, SDL& UIF, salaries control account, checking& updating batches for creditors' clerk
- Assisting the Payroll Administrator in submitting of SARS Returns including PAYE, SDL, UIF
- VAT reconciliations and returns to SARS
- Making cost estimates for provisions accounts based on company policies and historical costs and providing for bad debts not recovered
- Reconciliation of General Ledger Accounts, Balance sheet Control accounts and provisions
- Processing provincial cashbooks for the nine provinces and analysis of their monthly allocations spending
- Credit card usage analysis and reconciliation
- Leading and managing the Accounts team through supervision and training of the membership, debtors, creditors' clerks and Finance interns& assisting them in capturing invoices, following up on delinquent debtors and reconciling complicated accounts
- Training provincial Administrators in the preparation of cashbooks and bank reconciliations on Excel
- Accounting for donor funds from foreign funders i.e
- Union Network International (UNI), International Transport Federation (ITF) and Canadian Association of Women (CAW), through preparing financial reports as per Donor reporting requirements and preparing schedules for donor audits
- Facilitating payment of foreign funds by completing BOP forms and processing them into Pastel Evolution
- Accounting for leases including amortization schedules
- Processing Assets acquisitions and disposals and running depreciation
- Maintenance of an accurate fixed asset register and reconciliation of the GL to the register
- Conducting annual asset verifications and tagging new Assets
- Ensuring that all new Assets are insured
- Working hand in hand with the insurance company to update any changes on the company's assets
- Preparation of monthly Management Accounts and accompanying analysis, graphs and ratio analysis, comparative analysis and budget variance analysis
- Provide an accurate Trial Balance at year end to the external accountant who creates the company's financial statements
- Preparing audit schedules, handling audit queries during audit and processing audit journals after audit
- Maintain an orderly accounting filing system
- Maintain the chart of accounts in Pastel Evolution
- Presentation of financials to Finance Executive Committee meeting
- Assisting the HOD Finance with annual budgets preparation and budgetary control
- Calculate variances from the budget and report significant issues to management
- Comply with local, state, and federal government reporting requirements.
- Completed payroll for employees and maintained detailed records of procedures.
- Tracked expenses and income for businesses while organizing and maintaining bank statements for checking accounts.
- Reviewed and filed financial documents, coded accounting entries for data processing, and posted daily receipts and payments in accordance with all corporate protocols.
- Reported financial data and updated financial records in ledgers and journals.
- Reconciled and corrected issues with financial records.
- Managed Supplier relationships and negotiated contracts to obtain best prices and value for money.
- Analyzed financial data to assist in budget creation and forecasting.
- Used knowledge of local laws to comply with reporting requirements.
- Identified accounting errors when cross-referencing documents and database information.
- Streamlined bookkeeping procedures to increase efficiency and productivity.
- Gathered, evaluated and summarized account data in detailed financial reports.
- Reconciled accounts, managed audits and updated financial records with remarkable accuracy.
- Strengthened financial operations by conducting bank reconciliations and financial reporting.
- Reconciled company bank, credit card and line of credit accounts, investigating, and resolving discrepancies to keep accounts audit-ready.
- Supported management by processing invoices and documents with consistent on-time delivery.
Fixed Asset Accountant
MAN Diesel &Turbo SA Pty Ltd
09.2008 - 06.2009
- Review and Implementation of internal accounting controls
- Main interface for external audit
- Processing financial entries for all capex acquisitions and disposals and running monthly depreciation on Embrace System in accordance to IFRS
- Reconciling Fixed Asset clearing account
- Reconciling general ledger to the fixed asset register
- Physical verification of fixed assets
- Control Capex budget through verification of actual versus planned expenditure
- Assist in identification of Assets to be impaired according to IFRS
- Compilation of lists of assets to be scrapped
- Processing purchase orders for all Fixed Assets
- Maintaining the fixed asset register
- Maintain a schedule of all current year additions and the supporting documents
- Bar coding of all existing and new fixed assets
- Answering audit queries on fixed assets.
- Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.
- Partnered with auditors to track errors and add contributions to maintain accuracy.
Accountant (Senior Bookkeeper)
Stuttafords Removals and Storage-Harare, Zimbabwe
01.2007 - 06.2008
- Preparing monthly management accounts and accompanying schedules
- Assisting the Financial Manager in preparing the budget
- Maintaining the fixed assets register and General Ledger
- Foreign debtor's management and stock control
- Carrying out intercompany reconciliations in liaison with branches in Mozambique, Zambia and Harare
- Carrying out reconciliation for banks, staff loans, general ledger, balance sheet and stock
- Preparing daily, weekly and monthly cash flow forecasts
- Managing company investments
- Daily monitoring of the money markets and investing excess cash
- Posting standard Journals and monthly accruals
- Authorising journals done by juniors
- Processing Wages using Adaski Payroll System and resolving wage related issues for 50 staff
- Submitting to ZIMRA (Zimbabwe revenue authority) PAYE, NSSA and VAT returns
- Presentation of the finance department report to the management meetings.
Assistant Accountant
Loben transport Services (Pvt) Ltd-Chiredzi, Zimbabwe
11.2004 - 12.2006
- Preparing monthly management accounts and accompanying schedules
- Assisting the Financial Manager in preparing the budget
- Maintaining the fixed assets register and General Ledger
- Foreign debtor's management and stock control
- Carrying out intercompany reconciliations in liaison with branches in Mozambique, Zambia and Harare
- Carrying out reconciliation for banks, staff loans, general ledger, balance sheet and stock
- Preparing daily, weekly and monthly cash flow forecasts
- Managing company investments
- Daily monitoring of the money markets and investing excess cash
- Posting standard Journals and monthly accruals
- Authorising journals done by juniors
- Processing Wages using Adaski Payroll System and resolving wage related issues for 50 staff
- Submitting to ZIMRA (Zimbabwe revenue authority) PAYE, NSSA and VAT returns
- Presentation of the finance department report to the management meetings.
- Reviewed general ledger entries and assessed accuracy.
- Reconciled company accounts for credit cards, employee expenses, and commissions.
Assistant Internal Auditor
Loben Transport Services (Pvt) Ltd
01.2003 - 10.2004
- Operational and Financial Auditing
- Review of diesel consumption for the fleet of trucks and controls on vehicle accessories
- Review of tyre management systems
- Reviewing processes and adequacy of procedures in the execution of functions in the workshop and Operations department with emphasis on quality control and cost-effective utilization of company resources
- Reviewing processes of arriving at tariffs and systematic measurement of distances between loading and off-loading points
- Analysis of ledger accounts and review of all reconciliations
- Reviewing the fixed assets register and periodic physical verification of the company's assets
- Monitoring usage of consumables drawn from stores with a view to minimizing losses
- Periodic checking of monthly stock takes and investigating variances
- Conducting petty cash spot checks and investigating anomalies
- Assist in conducting risk assessments
- Assist in planning audit assignments
- Prepare audit programmes with the Audit Manager
- Prepare work paper files in accordance with the prescribed audit methodology
- Gather adequate, competent, relevant and useful audit evidence
- Prepare draft report points for review by the Audit Manager
- Conduct follow up audits.
Education
Bachelor of Science - Applied Accounting
Oxford Brookes University
United Kingdom 04.2001 -
Professional Qualification ACCA - Accounting
Association of Chartered Certified Accountants
Glasgow, United Kingdom 04.2001 -
Skills
Internal Auditingundefined
Accomplishments
- Improved debt collection at Loben Transport in 2004-2005 by paying attention to foreign customers' invoicing requirements
- Cleared the backlog on processing Cashbooks and Bank reconciliations for the period 2009-2010 at SATAWU.
- Reduced Audit time hence cutting the cost of External Audit by preparing all schedules in advance at SATAWU for the audit period 2014-2015. Please note this was team work with me as the team leader.
- Was able to follow up and recover long outstanding Debts at Kram Engineering in 2017
- No VAT queries were raised by SARS during my period at PA Cuthbert & Company-I made sure export documentation and high value invoices were properly submitted.
- Have had no struggles getting refunds from SARs
Membership
- ACCA - Association of Chartered Certified Accountants (June 2008)
- SAIBA - Southern African Institute for Business Accountants (May 2012)
- FCCA - Fellowship ACCA (2013)
Identification
SA Permanent Residence Permit, SA ID, Code 8
References
- Natasha K Samuel, 0027 83 301 9236
- Cebo September, 0027 60 803 6121
- Admire Muchenje, 0027 60 461 2894
- Vusi Ntshangase, 0027 83 536 0547
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Quote
The way to get started is to quit talking and begin doing.
Walt Disney
Timeline
Accountant
P A Cuthbert & Company (Pty) Ltd
11.2018 - Current
Fixed Asset Analyst/ GL Accountant
Idwala Industrial Holdings
05.2018 - 10.2018
Assistant Accountant (Senior) -Accounts Payable
ER24 EMS Pty Ltd
01.2018 - 04.2018
Financial Accountant (6 months contract)
KRAM Engineering (PTY) LTD
05.2017 - 10.2017
Accountant (Part time)-Once a week and mostly work from home
Democratized Transport Logistics and Allied Workers Union (DETAWU)
01.2017 - 04.2017
IT Internal Auditing on KZN Treasury
Ubuntu Business Advisory Consulting (UBAC) –IT Internal Auditing on KZN Treasury
11.2016 - 12.2016
Accountant (Voluntary work)
CTA Chartered Accountants
06.2016 - 10.2016
National Bookkeeper/ Accountant
South African Transport and Allied Workers Union (SATAWU)
07.2009 - 01.2016
Fixed Asset Accountant
MAN Diesel &Turbo SA Pty Ltd
09.2008 - 06.2009
Accountant (Senior Bookkeeper)
Stuttafords Removals and Storage-Harare, Zimbabwe
01.2007 - 06.2008
Assistant Accountant
Loben transport Services (Pvt) Ltd-Chiredzi, Zimbabwe
11.2004 - 12.2006
Assistant Internal Auditor
Loben Transport Services (Pvt) Ltd
01.2003 - 10.2004
Bachelor of Science - Applied Accounting
Oxford Brookes University
04.2001 -
Professional Qualification ACCA - Accounting
Association of Chartered Certified Accountants
04.2001 -
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