Independence Pet Group’s Post

ABOVE AND BEYOND One of my main responsibilities as a Finance Controller for a media client was to finish the weekly cash reconciliation and apply all cash receipts to the entries in the cash clearing account. Before beginning the clearing process, it was expected to generate a few reports from the sub-ledger systems and reconcile the balances from the bank statement with the sub-ledger report and general ledger. For several weeks, the weekly receipts were in the $6-$10 million USD range. While completing this task one week, I observed that the weekly receipts were reflecting as 60 million USD. I sent a note to my onshore counterpart along with my weekly submission email, stating that “the weekly receipts are showing up as ~60M vs the usual ~10M, while the process is completed as per the standard procedure.” My counterpart was very happy with the task submission mailer and appreciated me for these additional notes, she mentioned that the first week’s box office receipts of the recent movie (which proved to be one of the high grossing movies in Hollywood) release came to about $60 million and hence this huge deviation. I learned two things from this instance: - Always provide additional information, notes or point of view along with your task submission. This will help delivering value and impact to your stakeholders - Increased my motivation to enhance my business sense for future PC – Google images #corporateexperience #lifeexperience #originalcontent

Accounts > within six month of the service charge year end date. Learn more ... Read more 👉 https://lnkd.in/e9FgkeWS #residentialmanagement #LocalManagingAgent #CurrentManagingAgent #residentialpropertymanagement #BlockOfFlats #ApartmentManagement #CasserlyPropertyManagement

Some people say love makes the world go round. Well, We're looking for the lot of you who think it's money. This time we're after an Accounts Payable Manager to make sure our lovely suppliers are paid on time. Writing hello, giggle, and shell upside down on a calculator will be considered relevant experience. Dabbling in financial controls might be useful too. Link below as always, if you want to take a stab at it. https://lnkd.in/eKYSeeMQ #financejobs #innocent #innocentdrinks #freesmoothies

Let's say you are the new Finance Head at Arsenal No Trophy Ltd, a company known for poor financial reporting. 😅 You've just started working and want to address this issue. Together with your team, you've identified the root cause as poor financial reporting controls that need fixing. How would you go about it? Firstly, what are controls? Controls are a set of processes, policies, and practices implemented by an organization to ensure the reliability of financial reporting, compliance with laws and regulations, and the effectiveness and efficiency of operations. So, here are 6 summarized actions you can take to go about fixing the financial reporting controls: ACTION 1 Assess current financial processes to find weaknesses and analyze past reports for errors, aiming to understand the extent of issues. ACTION 2 Review existing policies (if any) for compliance and update them to improve controls, ensuring alignment with best practices. ACTION 3 Train finance staff on proper procedures and ensure understanding of roles, promoting accurate and compliant financial records.   ACTION 4 Invest in technology to streamline reporting and implement automated checks, improving efficiency and accuracy.   ACTION 5 Separate duties to prevent errors and fraud, assigning tasks clearly to different team members.   ACTION 6 Establish monitoring systems to track controls and conduct regular reviews for improvement, maintaining ongoing effectiveness. These are my summary of actions. Do you think there is more to add to this? Please share. #accounting #accoutants #controls #financialreporting #finance #cima #AOB_FinAccFables

Seeking an accomplished Senior Accountant with expertise in Insurance Accounting to manage financial operations, ensure regulatory compliance, and contribute to the strategic financial success of the organization #SeniorAccountant #InsuranceAccounting #intalent #FinancialManagement #RegulatoryCompliance #StrategicFinance #AccountingExpertise #FinancialOperations #InsuranceIndustry #FinanceLeadership #AccountingExcellence

Balancing Act: Navigating Relationships in Finance As finance professionals, we often find ourselves juggling multiple relationships – from our bosses to customers, vendors, internal teams, and even government officers. It's akin to the age-old dilemma of "kis kis ko pyar karu" in the world of finance. In our recent annual team meet, I shared this sentiment with my colleagues, highlighting the intricate dance we perform daily to maintain these relationships while ensuring financial success. With more than 7 years of experience in the finance industry, I've learned that effective relationship management is not just about spreading love, but also about strategic alignment and clear communication. It's about understanding the needs and expectations of each stakeholder and finding the balance between fulfilling them while safeguarding the interests of the organization. In the past year alone, our team successfully managed relationships with more than 10000 customers, more than hundred vendors, and various government officers, resulting in increase in 100% customer satisfaction and 100% reduction in compliance issues. In finance, every interaction counts, and every relationship matters. Here's to mastering the art of balancing and thriving in the complex web of financial connections. #Finance #RelationshipManagement #Teamwork #FinancialSuccess #StrategicAlignment #CustomerSatisfaction #Compliance

We always ensure a reliable, first-class service for our clients. More great feedback for the team this week from our amazing clients! http://ow.ly/YCHC50MP3Et #FeedbackFriday #FridayFeeling #AccountancySupport #AccountancyServices #Accountancy #Accountants #TaxAdvice

accountant do it without loosing their balance and we so calm and comosed because we have strong internal controls

Are you ready to take your Accounts Payable AP processes to the next level and unlock a host of benefits for your organisation? Join us for an exclusive webinar, Mastering AP Efficiency - Reduce costs, carbon emissions, and fraud, where we'll delve into the intricacies of optimising your AP processes for maximum impact alongside experts from the AP Association and the PSL Group. 🔍 What to Expect: 👉 Insights from industry experts 👉 Strategies to reduce costs and enhance efficiency 👉 Sustainable practices to cut down carbon emissions 👉 Proven techniques to combat fraud 🎤 Meet Our Speakers: 👤 Stephen Frame - Head of Compliance at Caxton 👤 Nathan Cook - Head of New Business at Caxton 👤 Max Kent - Founder and CEO of the PSL Group 👤 Guest Speaker from the Accounts Payable Association 🗓️ 5 December, 1pm 🌐 Register Here: https://lnkd.in/gjvwpNwQ Don't miss out on this opportunity to master AP efficiency and make a positive impact on your organisation's bottom line. #apefficiency #accountspayable #makeachange

We always ensure a reliable, first-class service for our clients. More great feedback for the team this week from our amazing clients! http://ow.ly/YCHC50MP3Et #FeedbackFriday #FridayFeeling #AccountancySupport #AccountancyServices #Accountancy #Accountants #TaxAdvice