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Job descriptions & requirements
Job Title: Payable Accountant (Tax & Compliance)
Location: Ajah
Accommodation: Yes
Pay: 150k-180k
Role Objective
The Payable Accountant is responsible for the accurate and timely processing of vendor invoices, ensuring all outgoing payments are valid, and maintaining strict compliance with national tax laws, specifically regarding Value Added Tax (VAT) and Withholding Tax (WHT).
Key Responsibilities
• Accounts Payable Management
• Receive, verify, and process invoices from vendors and service providers.
• Perform 3-way matching (Purchase Order, Receiving Report, and Invoice) before payment processing.
• Maintain the Creditors' Ledger and ensure all vendor accounts are reconciled monthly.
• Monitor aging reports to ensure payments are made within credit terms to avoid late fees.
• VAT & Tax Compliance
• VAT Verification: Ensure all received invoices are "Valid Tax Invoices" containing the vendor’s Tax Identification Number (TIN) and the correct VAT rate.
• Input VAT Tracking: Maintain a schedule of Input VAT paid on purchases to offset against Output VAT during monthly filings.
• VAT Filing: Prepare and file monthly VAT returns to the relevant tax authorities (e.g., FIRS, HMRC, or IRS) before the statutory deadline.
• WHT Deductions: Calculate and deduct the appropriate Withholding Tax (WHT) rates from vendor payments based on the nature of the service.
• Tax Audit Support: Serve as the primary point of contact for tax auditors regarding payables and VAT claims.
• Reporting & Reconciliation
• Reconcile the AP Sub-ledger to the General Ledger (GL) at month-end.
• Generate reports on monthly tax remittances and pending tax credits.
• Identify and resolve discrepancies in vendor statements or tax assessments.