Lili WANG

Accounts Receivable

• Input all relevant transactions and generated invoices in the accounting system.
• Tracked collection progress and maintained accurate records of all transactions.
• Ensured timely clients payments and posted customer payments by recording cash, checks, and credit card transactions.
• Reconciled customer accounts regularly, identifying discrepancies and resolving them quickly.
• Reduced outstanding debts by implementing effective collection strategies and negotiating with clients.
• Improved customer satisfaction by addressing inquiries professionally and providing clear explanations for payment issues.
• Performed detailed account reconciliations by preparing complete and easy-to-follow work papers explaining issues, procedures and conclusions.

Accounts Payable

• Recorded deposits, reconciled monthly bank accounts and tracked expenses.
• Matched purchase orders with invoices and recorded necessary information.
• Processed accounts payable to suppliers through Myob platform.
• Created invoices for agencies and prepared working papers, reports and supporting documentation for audit findings.
• Provided journal entries and performed accounting on accrual basis.
• Tracked funds, prepared deposits and reconciled accounts.
• Managed petty cash and reimbursements

Payroll

• Managed payroll operations for team of 30 full-time employees and more than 20 casual staff with timesheets, ensuring timely payment and adherence to tax regulations.
• Maintained strict confidentiality of sensitive financial information, ensuring the protection of personal privacy.
• Assisted employees with payroll related inquiry.

Accounts Assistant

• Collaborated with team members to develop new internal operating systems, increasing overall financial efficiency.
• Assisted in budget planning, forecasting, and monitoring expenses to ensure adherence to fiscal guidelines and goals.
• Checked expenses against budget controls, entered figures and reconciled business accounts to address discrepancies.
• Developed strong relationships with external partners such as banks to facilitate smooth transaction processing on behalf of the company.
• Trained new team members on accounting best practices, fostering a culture of continuous learning within the department.
• Implemented a more efficient filing system for financial documents, improving accessibility and organization.
• Assisted with month-end closing procedures such as BAS & Superannuation & Payroll Tax to ensure timely completion of financial reporting requirements.
• Reconciled company bank, credit card and line of credit accounts, investigating and resolving discrepancies to keep accounts audit-ready.
• Provided timely and comprehensive financial statistics reports for management review.

• Utilize database software to organize financial account information
• Ensure timely vendor payments by managing invoice processing and expense tracking systems.
• Make regular contact with clients to ensure payment
• Manage fortnightly payroll
• Handle end of month processes such as Superannuation and BAS
• Bank reconciliation
• General banking
• Process reimbursements & petty cash