Senior Accountant at Sourcefit

Position Summary:

We are seeking a highly skilled and experienced Senior Accountant to work remotely for our Brisbane, Australia-based client. The ideal candidate will have a strong background in accounting, excellent attention to detail, and the ability to work independently while managing multiple responsibilities.

Job Details:

• Work from Home
• Monday to Friday | 6:30 AM to 3:30 PM PH Time | 8:30 AM to 5:30 PM Brisbane Time

Responsibilities:

Legal Trust Accounting

• Manage and maintain the firm's trust (escrow) account
• Enter transactions in and out of the trust account
• Provide receipts and statements to clients
• Ensure proper disbursement of funds from the trust account
• Comply with Queensland legal trust accounting regulations

General Bookkeeping

• Enter and reconcile invoices in Xero accounting software
• Maintain up-to-date profit and loss statements
• Ensure balance sheet reconciliation
• Verify and approve entries in Xero

Payroll Management

• Oversee payroll processing through Xero
• Liaise with the support team to ensure accurate leave (sick leave, annual leave) entries

Invoice Processing and Payment

• Review and verify invoices for authenticity
• Upload payments to the banking system
• Prepare payment proposals for director/CEO approval

Invoice Generation

• Generate and issue invoices to clients for legal services performed and expenses

Client and Staff Communication

• Address billing inquiries from clients and staff
• Collaborate with lawyers on service-specific billing issues
• Generate reports to alert lawyers when work-in-progress (unbilled services performed) and/or debtor balances are exceeding monies in trust, and also when estimates are close to exceeding (or are exceeding) estimates for billings

Financial Performance Monitoring

• Track and report on staff financial performance to the director/CEO
• Identify underperforming lawyers based on revenue generation
• Perform random checks to identify if lawyers are failing to record time on invoices

Cash Flow Management

• Monitor and manage the firm's cash flow

BAS (Business Activity Statement) Preparation

• Prepare and submit BAS reports for GST (equivalent to VAT or sales tax in other countries)

Additional Accounting Duties

• Perform other tasks typically associated with a company accountant role
  

Qualifications:

• Bachelor's degree in Accounting, Finance, or related field
• Minimum of 5 years of experience in accounting, preferably in a law firm or professional services environment
• Strong knowledge of accounting principles and practices
• Proficiency in Xero accounting software
• Excellent English language skills (written and verbal)
• Strong analytical and problem-solving abilities
• Attention to detail and high level of accuracy
• Ability to work independently and manage time effectively
• Familiarity with Australian accounting standards and practices (preferred)