Abid Farooq

• A professional having valuable experience in Financial reporting, Analytical reporting, Management reporting, Fixed assets management, Time management, Resource management and Taxation.
• Expert in all kinds of Reconciliations like Inter Company Reconciliation, Accounts payables & Receivables Reconciliation, Banks Reconciliation and all other matters which are related to reconciliation.
• Expert in different kinds of ERP Accounting Software’s like, Sage 300, Oracle 12i and some others software’s like Sage line 50, Quick Book and I am also working as a team leader during oracle implementation in my company.
• Working on VAT tax and submit tax returns on timely basis of our Group.
• Prepared Chart of Accounts, Parents and Child accounts relationship, formats of different kinds of reports.
• Preparation of budget of our company on annual basis and also check variances in actual and budgets if any?
• Prepared all kinds of internal controls of our company and also prepared process flow of inventory.
• Prepared fixed assets register in our company and also maintain depreciation and also calculate gain or loss on disposal of any kind of fixed asset.
• Prepared Accounting Manual for our company and set rules to perform different kinds of daily routine tasks of the company.
• Responsible for payables and receivables of the company and all processes which are related to payables and receivables.
• Maintains balance sheet accounts on monthly basis as well as quarterly, half yearly and yearly, making sure they are reconciled monthly, until completely transferred & Responsible for corporate compliance and IFRS compliance.
• Responsible for smooth functionality of company operations & Responsible for reconciliations and accurate data entry.
• Prepare cost analysis report on monthly basis and always try to reduce expenses.
• Supervise the accounts/store staff in maintaining the proper computerized books of accounts and related records.
• Provides guidance to acquired companies’ finance staff during monthly financial close, step plans, balance sheet transfers, intercompany entries and adjustments.
• Generate age analysis, review Accounts Receivables and as well as Accounts Payables aging to ensure compliance and Prepare variance analysis on monthly basis.
• Prepare salary sheets as per attendance sheet and process it accordingly.
• Monthly analysis of income and expenses highlighting any unusual changes in the pattern;
• Coordinates with internal & external auditors and provide all necessary information’s to the auditors.
• Monitor stock movement and stock evaluation report in sage ERP 300 system.
• Supervise monthly stock take and check any kind of differences in stock take.
• Coordinates with customers and suppliers of the company.

• Expertise in developing monthly, quarterly, and annual financial statements for management and external users according to International Financial Reporting Framework & local requirements.
• Responsible for accurate and timely submission of all internal and external financial / operational and regulatory reporting of the organization.
• Analytical review of monthly financial statement and prepare variance analysis report on monthly basis.
• Prepare Budgets for a whole year on historical data basis and submit it to finance committee of Bukhatir Group for final approval.
• Preparing other various customized reports as on & when required basis, for senior management.
• Prepare cost analysis report on monthly basis and always try to reduce expenses & supervise all expenses and assure that, all expenses are within budget.
• Supervision of Accounts Payables, term of payments and make sure that, payment made within due date.
• Age analysis of Accounts Receivables and Payables and also prepare reconciliation.
• Check monthly Bank Reconciliation, Inventory Reconciliation and other schedules which support the figures reflected on each account.
• Monthly comparison of actual Income/Expenses with budget;
• Provide the records and documents to the internal auditor as well as external auditor of the company to perform their tasks and also coordination with internal and external auditors.
• Competent in directing operational and financial audits that summarizes the organization's financial position; manage audit and tax related issues.
• Monitoring compliance of regulatory rules and regulations; and
• Responsible for corporate compliance and IFRS compliance.
• Perform all specific tasks assigned by the senior management from time to time.
• Provides technical accounting support and interpretation to management and employees.
• Coordinates activities with other departments and work groups as needed.

• Management of trail balance and general ledger and Responsible for monthly closure of books of accounts.
• Preparation of financial statements including balance sheet, income statement& statement of cash flows on monthly, quarterly, half yearly and yearly basis.
• Supervision of payables and receivables invoicing and prepare aging of payables and receivables.
• Supervision of Payroll Preparation on monthly basis, Payments through banks & cash.
• Prepare Variance Analysis Report on monthly basis.
• Preparation of withholding Income Tax Statements and deposit it into Government Treasury.
• Filing of Annual Tax Return of the Company and Liaison with government Departments.
• Also filing VAT/Sales tax return on monthly basis to the tax authorities.
• Preparation of Budget and budget comparison on monthly basis.
• Preparation of Fixed Assets Register.
• Supervise the accounts/store staff in maintaining the proper computerized books of accounts and related records.
• Responsible for EOBI and Social Security of the company.

• Management of reconciliations, trail balance, profit & loss, balance sheet, cash flow statement on monthly, quarterly, half yearly and yearly basis.
• Prepare budget for whole year and submit it to the board of directors for final approval.
• Supervision of payables and receivables invoicing and also follow up the invoicing and also prepare aging of payables and receivables.
• Research and resolve payment discrepancies; investigate and resolve customer queries.
• Generate age analysis, review AR aging to ensure compliance.
• Maintain accounts receivable customer files and records.
• To deal all accounts matters & daily transaction of Company.
• To Expert of Accounting Software (Sage).

• I have completed my five years Articles with KABANI & CO., (previously Saeed Kamran Patel & Co.) Chartered Accountants, Lahore. During my training period, I taught time management, completion of assignments within stipulated deadlines, performing cost effective work with quality and maintenance of good relations between audit team and client’s management.
• The assignments conducted include audit and management consultancy of various national and multinational organizations.
• I served as an auditor in senior and supervisory capacity of various industries.