Senior accountant - Karachi, Pakistan - Horizon Technologies

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    Horizon Technologies is seeking to fill a position to assist our company with the following

    • Position: Senior Accountant
    • Reporting to the Chief Financial Officer
    • Experience: 3-5 years preferred in accrual accounting

    Operational Details:

    • Accounting Method: Accrual
    • Fiscal Year End: May 31st
    • Accounting System: Quick Books Online Advanced
    • Business Model: E-commerce only, no retail stores
    • Inventory: Dropship model; no physical inventory held
    • Sales Channels: Website ), Direct Sales team, Affiliates, Marketplaces (Amazon, Walmart, etc.)
    • Parent Company: Restockit is held by a parent company, Acme Paper; financials report to the Acme finance team.

    Tasks to Learn & Perform:

    • Monthly Reconciliation
    • Wells Fargo Bank Account
    • Amazon - SEOM
    • Cash/Checking/Money Orders SEOM
    • Pay Pal Account
    • Credit Card SEOM
    • American Express Green David A
    • Tax Jar
    • Fed Ex
    • Price Manager
    • Rebates
    • Due To/From Account
    • RSI Rewards
    • Amortization Schedule
    • Depreciation Schedule
    • Amazon Clearing Account
    • Credit Card Clearing Account
    • ADP Payroll Provider
    • Loans and Lines of Credit


    • Review current processes and procedures to increase efficiency and scalability in the process.
    • Carry out current accounting and close the process detailed below:
    • Produce the current month's AR ending balance.
    • Reconcile and complete Sales Tax Filings in Tax Jar. Must be done no later than the 3rd business day of the current month.
    • Record the current month's revenue
    • Reconcile Wells Fargo (WF) bank account in QBO. Save pdf of WF statement & Quick Books Online (QBO) Reconciliation pdf's in QBO each month.
    • Record Order Manager (OM) Payments
    • Reclass OM subsequent month approval payments & Reverse
    • Enter EOM credit card activity after the statement date for Amex Corp CC. Look up transactions by logging in to the Amex website
    • Clear out the Suspense account
    • Reverse prior month vendor (COGS) accrual
    • Reverse accrued expense entries from the prior month
    • Reconcile Payroll Liabilities - Use the Wells Fargo bank spreadsheet and FSA disbursements report. Update UH invoice recon spreadsheet.
    • Update the Commissions tab
    • Reconcile Sales Tax Liability. Reclass AZ Marketplace Sales Tax for all states they collect and remit in. Update recon schedule in the "Sales Tax Liab" tab
    • Reconcile Credit Card Clearing account with OM Transactions
    • Record Paypal Fees (must be done before reconciling Pay Pal account)
    • Reconcile Pay Pal Account with OM Transactions
    • Reconcile customer checks, ACHs, wires, etc deposited in Wells Fargo with OM transactions recorded as "Check" under payment type.
    • Reconcile Amazon Acct with OM trans
    • Update Balance Sheet schedules with the current month's activity
    • Email Joe Hofmann, for the current month's Essendant Rebate statement & Samantha Lewallen for SP Richards's Rebate statement
    • Record Amortization and Depreciation. Add new projects and/or capitalize any labour as instructed by Alan and/or Rainer
    • Record Prepaid expenses and update the schedule. Make sure we have invoices from Price Manager and Hawksearch
    • Vendor Invoice Recon - All COGS Vendors
    • Record Vendor Rebates - update rebate spreadsheet and recon schedule. Essendant and SP Richard's rebate statements should have been received already. If needed, follow up.
    • Reminder to check on rebates - email for Clorox and GP numbers
    • Reclass Sales Tax expense if needed to account for push forward refunds
    • Email Phil Jacobs to ask about the current month's intercompany activity
    • Record Acme Interest & Reconcile Due to / From Acme
    • Record Bad Debt expense and reserve
    • Adjust Customer AR to Actual
    • Calculate Fed Ex accrual and allocate by vendor (Acme, Cambro & Houston's)
    • Reclass check run overnights from Fed Ex
    • Record Deferred Revenue
    • Accrue Vendor COGS
    • Make any adjustment to revenue
    • Accrue General Expenses
    • Make sure we have invoices or accrue for Anteriad, Bridgeline Digital/Hawksearch
    • Adjust RSI Rewards liability
    • Prepare COGS Breakout by Channel report
    • Check Amazon Commission rate to make it reflects proper %
    • Prepare the final draft of P&L from QB and download to Excel
    • Send financials to Ron, Keith, Mike, Cheryl, and Sean each month (Month end must be completed by June 15)

    Financial Reporting:

    • Prepare Profit & Loss, Balance Sheet, Accounts Receivable Aging, and Accounts Payable Aging.
    • Additional reports as required by the management team.

    Communication and Coordination:

    • Collaborate with internal teams, vendors, and finance team at Acme Paper.
    • Email communication with relevant stakeholders for statements and approvals.


    • Quick Books Online
    • Accrual Accounting experience
    • E-commerce platform accounting experience is preferred
    • Good communication skills
    • Team player with adequate time management skills


    The Senior Accountant will be expected to perform various tasks related to monthly reconciliation, financial reporting, and coordination with internal and external stakeholders.

    The role requires proficiency in Quick Books Online and experience in accrual accounting, preferably in an E-commerce setting. Effective communication and collaboration skills are crucial for success in this position.

    Job Type:

    Rs100, Rs120,000.00 per month

    Bachelor's (Required)

    Accrual Accounting: 5 years (Required)

    Quick Books Online: 5 years (Required)

    Reconciliation: 5 years (Required)

    Financial Reporting:
    5 years (Required)
    working for e-Commerce Industry: 5 years (Required)

    English (Required)

    Application Deadline: 19/02/2024


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