Accounting Assistant
Full-time
Rextron International Corporation
Job Summary
The Accounting Staff – Promotions & Discounts is responsible for managing, monitoring, and accounting for all company promotional activities, discounts, rebates, and special pricing programs. This role ensures accurate financial recording, compliance with company policies, and proper reporting of promotional expenses and discount impacts on revenue.
Key Responsibilities
1. Promotions & Discount Processing
- Review and validate promotional programs, discount requests, and special pricing approvals.
- Ensure all promos and discounts are properly authorized before implementation.
- Encode approved promotions into the accounting/ERP system.
- Monitor promo periods, terms, and conditions for accuracy.
2. Financial Recording & Reconciliation
- Record discounts, rebates, and promotional expenses in the general ledger.
- Reconcile promotional expenses against sales reports.
- Ensure correct revenue recognition after applying discounts.
- Track accruals related to ongoing promotional campaigns.
3. Monitoring & Analysis
- Analyze the financial impact of promotions and discount programs.
- Prepare reports on promo performance (sales uplift vs. cost).
- Identify discrepancies, excessive discounting, or unauthorized promos.
- Support management with cost-benefit analysis of campaigns.
4. Compliance & Internal Controls
- Ensure all promotional activities comply with company policies and accounting standards.
- Maintain proper documentation for audit purposes.
- Coordinate with Sales and Marketing departments for promo approvals and clarifications.
- Assist in internal and external audits related to revenue and promotional expenses.
5. Reporting
- Prepare monthly reports on promotional expenses and discount trends.
- Provide variance analysis between budgeted and actual promo spending.
- Support management in forecasting future promotional budgets.
Vacancy posted 19 hours ago
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