We are looking for an Accountant to join our team . The role involves managing financial transactions, preparing accurate reports, and ensuring compliance with tax regulations. The position offers 15k to 20k Salary and opportunities for professional growth.
Job Description of Accountant
For a refurbished laptop company, accountants must implement a system to track each laptop's condition and value, covering its lifecycle from acquisition to retirement. Key aspects include accurate record-keeping of each device's specific components, cost tracking of refurbishment parts and labor, managing depreciation, utilizing software for serialized tracking, and performing regular inventory audits to maintain financial accuracy and prevent losses. Key Elements of Inventory Management Detailed Product Tracking:
Record every refurbished laptop's unique identifiers (serial numbers, IMEI), components (CPU, RAM, storage), and condition before and after refurbishment.
Lifecycle Management: Track laptops from acquisition (sourcing used devices) through refurbishment, deployment, maintenance, and final retirement (resale or disposal). Cost Accounting:
Assign costs to each laptop based on the initial purchase price of the used unit, plus the cost of all parts and labor for repairs and refurbishment.
Inventory Audits:
Conduct periodic audits, including cycle counts and full physical inventories, to verify the recorded inventory matches the physical count and to adjust the general ledger. Steps for Implementation
1. Choose an Inventory Management System: Select software that supports serialized tracking and provides detailed reports on inventory value and movement.
2. Establish Tracking Procedures: Tag each laptop with a unique ID and use barcode scanners for efficient data entry during receiving, processing, and shipping.
3. Implement First-In, First-Out (FIFO): Use the FIFO method for managing inventory to ensure older or less valuable stock is sold first, reflecting real-world sales patterns.
4. Track Refurbishment Costs: Create a system to record and allocate costs for parts and labor for each specific laptop's refurbishment process.
5. Manage Depreciation: Accurately account for the depreciation of each refurbished laptop, as this affects its book value and the overall financial picture of the company.
6. Integrate with Accounting Software: Ensure the inventory system integrates seamlessly with the company's accounting software for automated financial reporting and ledger adjustments. For the Accountant Financial Reporting: The primary role is to ensure that the inventory's financial impact on the balance sheet and income statement is accurate. Cost of Goods Sold (COGS): Accurately calculate the COGS for each refurbished laptop sold.
Valuation: Determine the appropriate value of the inventory based on purchase costs, refurbishment costs, and net realizable value.