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Zama Ndaba

Cost accountant

Numbers and solving problems have been my passion for as long as I can remember. I’m always seeking ways to deliver the best in my endeavours. I’ve wanted to build a better life for myself and my loved ones. I love helping people and giving back to others and Chemunique’s focus is feeding the nation and it fits well with my values.

Chemunique (Pty) Ltd (Current employer)

Cost Accountant at Chemunique (Pty) Ltd

Details of work performed: 

  • Costing of imported products including custom duty, transportation, clearing and storage
  • Full Bookkeeping function of Neuro Logistics Company (Pty) Ltd – Chemunique’s Enterprise development company
  • VAT 201 Calculation & Submission
  • PAYE calculation & Submission
  • Transportation cost analysis
  • BEE preparation and compliance
  • Rotation to different departments:

Shipping Department – (2 months)

  • Placing overseas orders
  • Arranging shipments and clearing at customs
  • Tracking shipments until arrival at the Ports
  • Receipting orders into stock (GRN)

Ordering Department- (2 months)

  • Receiving orders from customers
  • Arranging picking slips for warehouses to pick the correct products
  • Organise transport company to deliver the orders to customers
  • Request Pod ‘s from transport companies once delivery is completed

Debtor’s Department- (1 month)

  • Invoicing
  • Payments
  • Debtor’s and creditor’s reconciliation
  • Allocation of payments
  • Send out prices, invoices and statements to customers

Articles with PortBridge Capital – 2 years

  • Management Accounts preparations
  • Cashflows
  • Budgets
  • Preparation of Financial Statements
  • Working capital analysis

At: Sasol Ltd:

Senior Accountant at Sasol Ltd

Fixed Asset & capital project accounting/reporting

Details of work performed: 

  • Ensures compliance to company fixed asset and capital project accounting policy and accounting standards
  • Ensures proper capital expenditure evaluation, control and reporting in BU.
  • Prepares data in RCP (Rolling Capital Plan) in line with Group capital project guidelines and requirements.
  • Ensures the integrity of the GL asset/capital project accounts and the structure of the ledger
  • Asset/Capital project impairment reviews, calculations and accounting implications effectively managed.
  • Input to BU – GEC budget conference with regards to assets, capital & projects
  • Captures all new assets in the fixed asset, tax and regulatory registers
  • Accounts for the movement of fixed asset including transfers and disposals of assets
  • Co-ordinates the physical asset verification of all company assets in terms of BU policy
  • Runs system to calculate depreciation of assets.
  • Liaises with Group Tax on tax treatment of assets.
  • Establishes tracks and closes capital projects.
  • Prepares fixed assets records and processes the relevant journal entries.
  • Liaison with project managers
  • Preparation of Capital commitments – half year end & year end
  • Prepare inter-branch transfer of projects- half year end & year end

 

Month end, Forecasts and Budgets

  • Manage and prepare month end reporting in SAP
  • Assist with compilation of the budget balance sheet on fixed assets and information captured on FST.
  • Provides relevant and accurate capital related forecasting and budget information.
  • Provide financial information for reporting to the Board and Governance Committee, if applicable, and for Business Unit reporting.

GL reconciliations

  • Ensure that fixed assets reconciliations and GL reconciliations are performed and correctly accounted for
  • Prepares journals for posting/authorisation in ledger
  • Reconciles fixed asset register to general ledger on a monthly basis.

Compliance

  • Implement and perform internal and SOX controls around the fixed assets management and reporting process.
  • Bcom Acc degree – UNISA

Hobbies