Payroll Accountant
MCT Fze
Total years of experience :17 years, 4 months
Prepares employees monthly Payroll
Prepares employees Final Settlement
Prepares employees Salary Leave
Prepares employees Salary Certificate
Monthly Payroll budgeting
Adjusting and closing entries related to Payroll
Responsible for the whole Payroll process for designated companies/business units
Entry and follow-up of employees’ deductions, loans, additions, commissions, unpaid leaves
Check if all new comers have been entered in the system
Check coherence of staff allocation in the payroll versus budgets, division feedback and others
Calculate the final dues for leavers or transferred employees in accordance with local laws and Group’s policies and procedures
Check accuracy of information in final payroll report
Process and issue employee monthly pay slips, and ensure their distribution to the employees
Prepare monthly salary entries and provision in accordance with accounting standards and principles and each BU’s requirements
During Audit, Preparation and maintenance of schedules required for a company’s annual audit .
Bonus provision, Indemnity provision, Leave provision, full year salary and headcount presented month-wise
Reconciliation of general ledger balances (balance sheet accounts) against manual schedules of provisions
Coordination with external auditors
Monthly review of subsidiary and general ledger balances related to salaries
Proper file maintenance - printouts or soft copy - in a safe and secure manner
Periodic calculation of employees’ variables
Periodic preparation of budget data (staff cost related to salaries per business unit) and 3-year plan.
Responsible for the coordination efforts between payroll and human resource to ensure proper flow and maintenance of employees data.
Establish and maintain employee’s records to ensure that employee charges and other relevant data are entered correctly.
Prepare letter and cd for WPS to bank.
Working effectively on system Tally, preparation of all accounts, invoicing and procurement of materials.
Handling all the financial transactions in the company (Daily sales cash/credit, Petty cash, Purchases and Expenses.
Handling Accounts Receivable and Accounts Payable.
Aging report (Receivable), Sales report daily basis (in details), Bank Reconciliation(available balances), Payable report.
Preparing monthly and annual accounts to monitor profits, and preparing projections and budgets for planning cash flows and profits.
Coordinate all aspects of the month end close.
Assist in the preparation of the monthly financial statements.
Prepare balance sheet reconciliations including inventory.
Perform analytical review of P&L accounts.
Provides technical support to outside auditors and governmental program officials.
Performs internal audits of accounts payable, payroll distribution, fixed assets, and cash. May make correcting journal entries in assigned areas.
Responsible for payroll preparation and reviews the tabulation and distribution of payroll costs to appropriate general ledger accounts.
Maintains the various ledger accounts including reconciliation of the general ledger, revenue accounts, expenditures, and cash balances.
Reviews accounting documents to ensure accuracy of information and calculations and makes or directs correcting entries.
Prepares, maintains control, and is responsible for subsidiary accounting records involving a variety of transactions and accounts.
Performs related duties and responsibilities as required.
Directly reporting to the Finance Manager and Managing Director.
I have worked with one of the largest group of Companies of Dubai JUMA AL MAJID GROUP as an “SUPERVISOR ACCOUNTANT”, Accounting software in use is (ORACLE WINDOWS).
Following are the details of my key responsibilities in Accounts Department:
1) Accounts Payable,
• Independent handling of Accounts Payable covering many suppliers & sub-contractors. Preparation of monthly reconciliation of accounts and follow-up action and controlling the system of cheque preparation.
• Posting daily journal entries.
• Preparing cash payments and receipt voucher.
• Controlling the petty cash movement.
• Following up the current accounts between the branches.
• Control the full cycle of all types of Payment Certificates (Main Contract / Sub-Contract) and have developed a special expertise into this area.
2) Accounts Receivable
• Customers refund, Customer - Supplier Netting and Sister Company transactions.
• Allowed discounts, Doubtful accounts, Penalty fees, Rebate sales and others transactions.
• Write off Revenues and Write off Expenses.
• Receivables aging report analysis.
• Follow up the employee purchases with H.R. (Returns, Reconciliation, and Adjustments).
• Settlement between inter Division Accounts.
• Interface all (Account Receivable)transactions for all the Group in the system to G.L. ( daily)
Senior Accountant the following:
1. Handling All Transactions Entries
2. Sales Report
3. Purchase Report
4. Warehousing
5. Taxes
6. Payroll
7. Cash
8. Reported to Owners - Accounting Software In Use Called Wings Programmed on Oracle, In Sacan Company for Trading and Marketing (Healthy Extended & Thermal Systems).