Accountant in a Kitchen, Decoration, and Woodwork Workshop
6 days ago
Accountant in a Kitchen, Decoration, and Woodwork Workshop
The accountant's duties in this environment align with general financial accounting but place a strong emphasis on project-based work, cost tracking, and inventory management for materials (wood, decorations).
Daily Recording and Financial Auditing
Recording Daily Transactions: Logging all financial operations such as purchase invoices (raw materials, wood, accessories, paints), sales invoices (finished kitchens and decorations), and petty cash expenses.
Cash and Bank Management: Regularly reviewing and reconciling bank and cash accounts to ensure accuracy and prevent discrepancies.
Project Accounting and Cost Tracking
This is the most crucial point in this type of business:
- Tracking Project Costs: Identifying and recording all direct and indirect costs related to each specific kitchen or decoration order (labor wages for the project, exact cost of raw materials used, installation expenses, etc.).
- Calculating Actual Cost: Assisting in determining the final cost of the product to set an appropriate selling price that ensures a profit margin.
Inventory Management: Monitoring the movement of wood and raw material inventory (purchases, issuance to projects, remaining balance) using an accurate inventory system.
Preparing Financial and Management Reports
Financial Statements: Preparing the Income Statement (Profit and Loss), Balance Sheet, and Cash Flow Statement periodically (monthly/quarterly/annually).
- Performance Analysis: Preparing analytical reports on the profitability of each project or product type (kitchens vs. decorations) to help management make pricing and operational decisions.
Invoicing and Receivables Management: Following up on customer accounts (Accounts Receivable) to ensure timely collection of payments, and monitoring the payment of supplier dues (Accounts Payable).
Tax Compliance and Control
Tax Declarations: Preparing and submitting required tax returns (such as VAT) and ensuring compliance with financial laws and regulations.
- Internal Control: Establishing and implementing control procedures to ensure the protection of financial and physical assets (such as wood and equipment) and mitigate the risk of fraud or errors.
Note (first 3 Month will be in alain site (factory)
Job Type: Full-time
Pay: From AED2,500.00 per month
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