Accounting Assistant And Salary KRA/KPI

Key Responsibility Areas (KRA) & Key Performance Indicators (KPI) for Accounting Assistant

1. Financial Data Entry and Management

KRA: Accurate and timely entry of financial data to ensure proper record-keeping and reporting.

Short Description: Maintain precise financial records.

• KPI 1: Number of errors in data entry per month.
• KPI 2: Timeliness in completing financial reports.
• KPI 3: Accuracy in reconciling accounts.
• KPI 4: Efficiency in processing invoices.

2. Budget Preparation and Monitoring

KRA: Assist in budget creation and monitor expenses to ensure adherence to financial plans.

Short Description: Support budgeting processes.

• KPI 1: Variance analysis between actual and budgeted expenses.
• KPI 2: Timely identification of budget discrepancies.
• KPI 3: Efficiency in cost-saving initiatives.
• KPI 4: Accuracy in forecasting financial needs.

3. Accounts Payable and Receivable Management

KRA: Handle accounts payable/receivable tasks efficiently to maintain good vendor/client relationships.

Short Description: Manage payables and receivables.

• KPI 1: Days sales outstanding (DSO) for accounts receivable.
• KPI 2: Percentage of discounts captured on early payments.
• KPI 3: Timeliness in processing vendor invoices.
• KPI 4: Reduction in outstanding payables aging.

4. Financial Reporting and Analysis

KRA: Generate financial reports and analyze data to provide insights for decision-making.

Short Description: Analyze financial performance.

• KPI 1: Accuracy of financial reports produced.
• KPI 2: Timeliness in preparing month-end reports.
• KPI 3: Quality of financial analysis provided to management.
• KPI 4: Contribution to cost reduction strategies based on analysis.

5. Tax Compliance and Reporting

KRA: Ensure compliance with tax laws and regulations while preparing and filing tax returns.

Short Description: Maintain tax compliance.

• KPI 1: Accuracy of tax filings and submissions.
• KPI 2: Timeliness in meeting tax deadlines.
• KPI 3: Compliance with updated tax laws and regulations.
• KPI 4: Efficient resolution of tax-related issues.

6. Audit Support and Documentation

KRA: Assist in audit preparations and maintain organized documentation for internal and external audits.

Short Description: Facilitate audit processes.

• KPI 1: Completion of audit documentation on time.
• KPI 2: Accuracy and completeness of audit trail documentation.
• KPI 3: Feedback from auditors on the quality of documentation.
• KPI 4: Implementation of audit recommendations for process improvement.

7. Financial Software Management

KRA: Proficiently use financial software to streamline accounting processes and enhance efficiency.

Short Description: Optimize financial software utilization.

• KPI 1: Mastery of financial software functionalities.
• KPI 2: Reduction in manual entries through software automation.
• KPI 3: Quick resolution of software-related issues.
• KPI 4: Implementation of software upgrades for improved performance.

8. Cash Flow Management

KRA: Monitor cash flow activities and forecast cash needs to ensure liquidity for business operations.

Short Description: Maintain optimal cash flow.

• KPI 1: Accuracy of cash flow projections.
• KPI 2: Timely identification of cash flow bottlenecks.
• KPI 3: Reduction in outstanding receivables impacting cash flow.
• KPI 4: Efficiency in managing cash disbursements.

9. Financial Policy Adherence

KRA: Ensure compliance with financial policies and procedures to maintain internal controls.

Short Description: Uphold financial policies.

• KPI 1: Adherence to financial policies as per audit findings.
• KPI 2: Timely implementation of policy updates.
• KPI 3: Zero instances of non-compliance with financial regulations.
• KPI 4: Efficient training of team members on policy changes.

10. Continuous Professional Development

KRA: Engage in ongoing learning and development activities to enhance accounting skills and knowledge.

Short Description: Pursue professional growth.

• KPI 1: Participation in relevant accounting workshops or training sessions.
• KPI 2: Acquisition of new accounting certifications or qualifications.
• KPI 3: Application of new accounting knowledge in daily tasks.
• KPI 4: Feedback from supervisors on the impact of professional development on performance.