Thembisa Mdhluli

Detail-oriented Financial Professional experienced in financial reporting, budget management, and regulatory compliance. Contributed to organizational profitability and goal attainment through strong analytical skills, integrity, and a robust work ethic. Emphasized team collaboration and adaptability in high-pressure environments, establishing effective relationships with stakeholders and ensuring task completion.

• 1. Accounts Receivable
• Issuing of accurate and complete invoices
• Once invoices have been generated mail or deliver to clients
• Send or email Statements to clients
• Ensuring that the collection period is in line with the company’s credit policy
• Generation of the age analysis depicting the number of days by which invoices are outstanding
• Tracking of overdue accounts and escalation of non-payment to the Credit Manager
• Resolution of client queries
• 2. Accounts Payable
• Ensuring that the procurement process is complete (i.e. generation of purchase requisitions and orders and attainment of quotations)
• Sending of orders to the service providers
• Ensure the completeness of invoice that they depict the Tax Invoice, Name, Address, Company’s VAT Registration and Suppliers’, Serial Number, description of goods or services rendered, price, VAT levied etc.
• Match invoices against Purchase Orders
• Reconcile the Creditors’ Ledger to Creditors’ Statements
• Upon approval request payments by attaching reconciliations and original invoices prior to passing to the authorising manager
• Statutory Payments – Company Tax, VAT, PAYE, UIF etc.
• Payroll Payments – Medical Aid, Pension Fund, Union, Garnishees etc.
• Petty Cash entries and replenishment and employees’ expense claims payment
• 3. Cash Management
• Ensuring that cash management is in a manner consistent with the overall strategy
• Assessment of cash necessary to meet daily obligations thereby ensuring liquidity
• Alignment of monthly expenditure to the Budget
• Initiating electronic transfers
• Investing excess funding and availing funds as and when they are needed
• Reconciliation of cash accounts to the Bank Statements
• Ensuring that interest earned is accrued and capitalised at correct rates
• Ensuring that investments are in cash generating resources
• Monitoring and minimising company exposure i.e. interest rates and other financial risks
• 4. Fixed Assets Management
• Review of capital spending requests that they are aligned to company policies and budget
• Processing of acquisition requests, purchases, capitalisation, transfers, adjustments, reclassifications and revaluations
• Reconciliation of fixed assets activities to the General Ledger
• Monthly generation of depreciation journals
• Involvement in the Fixed Assets Verification Process
• Maintenance of the Fixed Asset Register
• 5. General
• Budget compilation, monitoring and reporting on variances
• Ensuring that all expenditure is aligned with authority levels
• Ensuring that Management Accounts are accurately compiled and submitted in the required format
• Preparation of monthly journals
• Analysis and Reconciliation of General Ledger Accounts (Balance Sheet and Income Statement)
• Preparation of Tax Schedules, Audit files and timely resolution of audit queries
• Intercompany Accounts – calculation of management fees, raising of invoices and reconciliation of accounts
• Establishment and maintenance of both internal and external stakeholder relations
• Involvement in the implementation and maintenance of the accounting system