Course Summaries
Accounts Payable Officer
An Accounts Payable Officer is responsible for managing the company’s financial obligations to vendors and suppliers. Their key tasks include processing and verifying invoices, ensuring accurate payments, and maintaining up-to-date records in the company’s accounting system. They also reconcile supplier statements, resolve discrepancies, and ensure compliance with Australian tax regulations, including GST.
In addition to these technical duties, the role involves regular communication with suppliers to address payment issues and collaborating with internal teams like procurement and finance. The officer is tasked with preparing payment runs, managing expense reporting, and ensuring all transactions are well-documented for audit purposes.
The Accounts Payable Officer plays a critical role in maintaining the financial health and operational efficiency of the company. By ensuring timely payments and accurate financial records, they help prevent disruptions in supplier relationships, support cash flow management, and ensure compliance with tax laws. Their work is vital for smooth day-to-day operations and contributes to the company’s overall financial stability and credibility.
Accounts Receivable Officer
An Accounts Receivable Officer is responsible for managing the company’s incoming payments from customers. Their primary duties include issuing invoices, tracking outstanding payments, and ensuring that customers adhere to payment terms. They also maintain accurate records of all receivables in the accounting system and perform regular reconciliations to ensure accounts are up-to-date.
The role also involves monitoring overdue accounts, following up with customers on unpaid invoices, and negotiating payment arrangements when necessary. The officer works closely with the sales and customer service teams to resolve any payment disputes or issues, ensuring smooth communication between departments.
The Accounts Receivable Officer plays a crucial role in managing cash flow and ensuring the financial stability of the company. By ensuring timely and accurate collection of receivables, they help reduce bad debts, maintain strong customer relationships, and support the company’s overall financial health. Their work directly impacts the business’s liquidity and ability to meet its financial obligations.
Payroll Officer
A Payroll Officer is responsible for processing and managing employee payroll to ensure timely and accurate payment. Their primary duties include calculating wages, deducting taxes and other withholdings, and ensuring compliance with employment laws, awards, and company policies. They also manage employee benefits, such as superannuation, leave entitlements, and any other deductions or contributions.
In addition to payroll processing, the role involves maintaining accurate payroll records, addressing employee queries about pay or deductions, and ensuring that all payroll-related data is correctly entered into the accounting system. The Payroll Officer works closely with HR and finance teams to ensure all employee information is up-to-date, and also prepares reports for management and compliance purposes, including tax filings and superannuation contributions.
The Payroll Officer plays a vital role in ensuring employees are paid accurately and on time, which directly impacts employee satisfaction and retention. Their attention to detail, adherence to tax laws and regulations, and ability to handle sensitive financial data are crucial for maintaining compliance and supporting the overall financial health of the organisation.
Financial/ Management Accountant
A Financial/Management Accountant is responsible for overseeing and managing the company’s financial reporting and performance analysis. Their key tasks include preparing accurate financial statements, including balance sheets, profit and loss statements, and cash flow reports, while ensuring compliance with accounting standards and regulatory requirements. They also perform month-end and year-end close processes, reconcile accounts, and ensure all financial records are accurate and up-to-date.
In addition to financial reporting, the role involves analysing financial data to provide insights into business performance, helping management make informed decisions. This includes preparing budgets, forecasts, and variance analyses, as well as identifying cost-saving opportunities and suggesting improvements to financial processes. The Financial/Management Accountant works closely with senior management and department heads to support strategic planning and ensure financial goals are met.
The Financial/Management Accountant plays a crucial role in maintaining the financial health of the company. By ensuring accurate financial reporting and providing valuable insights into business performance, they help drive informed decision-making, improve financial control, and ensure the company remains financially stable and compliant. Their work is essential for the company’s long-term growth, profitability, and strategic success.