Terence Madondo

Financial Accountant — Remote & On-Site | IFRS & IFRS for SMEs | Tax Compliance | Odoo · Sage · Xero · QuickBooks · Advanced Excel

Financial Accountant with 10+ years' experience delivering full-cycle financial accounting, management reporting, statutory compliance, and tax administration for engineering, professional services, and multi-client SME portfolios. Already working in a remote consulting capacity, managing multiple clients' books independently on cloud platforms (Odoo, Sage, Xero, QuickBooks) with minimal supervision. Skilled in IFRS and IFRS for SMEs, monthly management accounts, annual financial statements, audit coordination, budgeting, forecasting, and cash flow management. Strong async communicator with a proven track record of supporting executive teams and external stakeholders across time zones with accurate, timely financial reporting.

terencefmadondo@outlook.com+27 60 438 7051Midrand, South Africawww.linkedin.com/in/terence-madondo-84746412

Experience

Financial Accountant (Remote Consultant)

Givron Accounting

2023-12 – Present

  • Independently manage the full financial accounting function for a portfolio of 15 SME and corporate clients across 6 industries, entirely on a remote basis, ensuring compliance with IFRS.
  • Prepare and review monthly management accounts — income statements, balance sheets, cash flow statements, and variance analysis — for clients with combined turnover of approximately R20 million.
  • Compile complete sets of annual financial statements for audit and independent review purposes, delivering 15 client year-ends on time over the past 2 years.
  • Administer full tax compliance (VAT, PAYE, Income Tax, Provisional Tax, Dividends Tax) across the full client portfolio, with a 100% on-time SARS submission record and zero penalty assessments.
  • Act as primary liaison for external auditors on 7 annual audits, managing audit files and resolving queries entirely by email/video call.
  • Ensure ongoing statutory compliance including CIPC annual returns and company secretarial requirements across the full client base.
  • Design, implement, and monitor internal controls and accounting policies, reducing month-end close time by 3 working days for two of the largest clients.
  • Provide financial advisory services including budgeting support, cash flow forecasting, and tax planning, helping 3 clients improve cash runway ahead of seasonal downturns.
  • Maintain and optimise cloud accounting systems (Odoo), including data clean-ups and reconciliations, cutting monthly reporting turnaround from 10 days to 5 days.

Financial Accountant

IX Engineers

2016-10 – 2023-11

  • Joined a larger, multi-project engineering firm to broaden exposure to board-level reporting and multi-entity consolidation.
  • Prepared monthly and quarterly management accounts with detailed analysis for senior management and directors, supporting a company with annual revenue of approximately R220 million.
  • Managed budgeting, forecasting, and variance analysis across 15 concurrent engineering projects worth a combined R310 million.
  • Controlled cash flow, debtors, creditors, and working capital, improving average debtor days from 68 to 42 days.
  • Ensured compliance with VAT, PAYE, and Income Tax legislation, including SARS submissions and reconciliations, maintaining a 100% on-time compliance record over 7 years.
  • Produced executive and board-level financial reports to support strategic and operational decision-making.
  • Assisted with the preparation of annual financial statements in line with IFRS requirements.
  • Coordinated external audits by preparing audit schedules and responding to auditor queries, contributing to unqualified audit opinions every year.
  • Maintained strong internal controls over financial transactions and balance sheet reconciliations.
  • Partnered with project managers to monitor project costing, revenue recognition, and profitability across 15 projects, flagging cost overruns worth approximately R4.5 million before completion.

Accountant

Black Jills Engineers

2010-03 – 2016-09

  • As one of only two finance staff at a growing engineering start-up, headed the end-to-end finance function including accounts receivable, accounts payable, financial accounting, management reporting, taxation, payroll oversight, and statutory compliance.
  • Managed project finance, including cost control, billing, revenue recognition, and margin analysis.
  • Developed annual budgets and rolling forecasts aligned to business objectives.
  • Implemented internal controls, financial policies, and procedures to strengthen governance and mitigate financial risk.
  • Oversaw cash flow forecasting, treasury management, and liquidity planning.
  • Prepared management and board reports highlighting financial performance, risks, and opportunities.
  • Coordinated external audits and ensured compliance with IFRS and regulatory requirements.
  • Trained and mentored a junior team member on foundational finance tasks — invoicing, payments and receipts, and bank reconciliations — building the finance function's day-to-day capacity.

Skills

Remote / Multi-Client Portfolio ManagementIFRS, IFRS for SMEs, Tax & Regulatory ComplianceExecutive & Board-Level Financial ReportingTreasury, Working Capital & Cash Flow ManagementGovernance, Risk & Audit OversightBudgeting, Forecasting & Variance AnalysisConstruction & Project-Based Financial ManagementOdoo ERPSage Business Cloud AccountingSage PayrollXeroQuickBooks OnlineMicrosoft Excel (Advanced): Pivot Tables, XLOOKUP, Power QueryMicrosoft 365 (Word, PowerPoint, Outlook, Teams)Google WorkspaceZoomSARS eFilingCIPC

Education

Africa University

Certifications

  • Sage Business Cloud Accounting Practitioner (SBCACSA)
  • Sage Business Cloud Payroll Adviser (SBCPASA)

Career highlights

December 2023

  • Started: Financial Accountant (Remote Consultant) at Givron Accounting

    Givron Accounting

October 2016

  • Started: Financial Accountant at IX Engineers

    IX Engineers

March 2010

  • Started: Accountant at Black Jills Engineers

    Black Jills Engineers

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