Daily currency position To update daily currency position basis the finance activity, purchase recon and sales recon. To raise flag, If the net position is above +/- 200K
Sending forex rates Twice a day Morning 11 and evening anytime after closing
Creation of FA in MSD FA to be created in MSD for all locations whenever request is received. After invoice accounting, salvage value need to be accounted in MSD. Also keep track of Fixed assets at BLR and affix stickers.
Weekly Provide details for weekly payment Weekly bill payment details to be provided to Mary for payment
Insert row above
Monthly Provision for Expenses Provisions to be accounted for Bonus both Staff and Workers, Shipment Expenses, Electricity Bills, Maintenance bills,Audit Fees, Postage & Courier , Other office Expenses, Other Professional Charges To Check TB and if any regualar expenses bills not received, need to make provisions
Prepaid Expenses We have a updated file for prepaid expenses, to account the same in MSD Check every month if any new prepaid expenses is accounted
Prefinancing Entries Generate Vendor Balance to Date, make a list of all advances paid to Vendor for purchase of Coffee and account it under Prefinancing only advances paid to Vendors for purchase of coffee to be taken into prefinancing
Debtors with Credit Balances Generate Customer Balance to Date, make a list of all advances received from Customers and move it to Debitors with Credit Bal
Creditors with Debit Balances Generate Vendor Balance to Date, make a list of all advances paid and move it to Creditors with Debit Balance This is apart from Prefinancing
Cross verify the monthly TDS entries before remittance TDS balances to be reconciled. To check and ensure tds is deducted for the entries wherever required.
Grade % workings Grade % workings to be prepared and sent on 4th of every month
MMF report MMF reports to be prepared and sent on 07th of every month
Ledger scrutiny Scrutinize the ledger