Position Overview:
The Bookkeeper/Accounting Manager will be responsible for overseeing all financial aspects of the company’s media-related operations. This individual will maintain accurate financial records, manage budgets, and ensure compliance with industry regulations and accounting standards. Experience in media production accounting, royalty payments, and project-based accounting is essential.
Key Responsibilities:
- Financial Recordkeeping:
Maintain and manage financial records, including general ledger accounts, journals, and financial statements. - Media Industry Accounting:
Handle media-specific financial tasks such as royalty payments, talent fees, production costs, and project-based accounting. - Budget Management:
Develop, monitor, and manage company budgets for media projects, including tracking expenses and forecasting future costs. - Accounts Payable/Receivable:
Oversee the full cycle of accounts payable and receivable, ensuring timely payments and collections, and managing cash flow. - Payroll:
Manage payroll processes, including payments for media staff, contractors, and freelancers, ensuring compliance with employment laws and contractual agreements. - Reconciliations:
Perform regular reconciliations of bank statements, media production costs, and other financial transactions to ensure accuracy and consistency. - Tax Compliance:
Ensure the company complies with tax regulations, including the handling of media-related tax issues such as sales tax on media assets and withholding taxes on talent payments. - Project Accounting:
Implement project-based accounting practices to accurately track revenues and expenses related to individual media projects. - Reporting:
Prepare detailed financial reports, including profit and loss statements, cash flow statements, and balance sheets, for media projects and overall company performance. - Auditing:
Support internal and external audits by preparing necessary documentation and ensuring compliance with accounting standards and media industry regulations. - Financial Analysis:
Analyze financial performance, identifying trends and advising management on cost-saving opportunities and strategies to improve financial efficiency in media projects.
