Adeel Aslam

Finance Manager à Al Kareem Garden

• Pakistan - Lahore
• Je travaille ici depuis juin 2011

Financial Reporting

• Analyzing transactions linked with purchases, purchase return, sales, sales return, payroll & miscellaneous bank entries.
• Passing journal entries and posting in relevant ledgers under AIMS (Accounting Information & Management System - GL, AP, AR, Fixed Assets, and Payroll).
• Making adjusting entries prior to preparing monthly, quarterly, semi-annual & annual financial statements so that they depict the current state of affairs.
• Adhering with International Financial Reporting Standards while preparing financial statements.
• Maintaining cordial relations with banks for better assistance & support with regards to deposits, withdrawals & transfers.
• Reconciling multiple bank accounts and computing interest income and finance charges on a monthly basis.

Auditing

• Sharing requisite data & information with auditors and addressing their concerns in a satisfactory manner.
• Implementing recommendations made by internal & external audits to enhance the efficiency of financial operations.

Cash Flow Management

• Maintaining sufficient funds in petty cash for day to day expenses and arranging low cost funding for capital expenditures.
• Promoting a culture of cost reduction & efficiency improvement by tracking overheads of different branches and by sharing best practices linked with controlling overheads without compromising on service levels.

Inventory Management

• Mapping physical inventory with accounting records through inventory counts at regular intervals.
• Providing guidance & support to Manager Operations for timely delivery of orders to customers.

Receivables & Payable Management

• Reconciling suppliers' accounts statements & customers' accounts statements on a semi-annual basis.
• Consolidating receivables & payable* reports (ledger vs. outstanding) on a weekly basis.
• Issuing Credit Notes based on Purchase Returns and obtaining Debit Notes from vendors.

• Leveraging Quick Books Online System for preparing, reconciling & monitoring receivables & payable.
• Updating Customers Aging Report on a daily basis and collaborating with the Business Development Team for timely recovery of receivables in order to avoid liquidity issues.
• Addressing concerns raised by customers from nationwide branches in an amicable manner..

Payroll Management

• Preparing payroll on a monthly basis in the Oracle based ERP system and properly accounting for leaves, absences & benefits (fuel, conveyance, vehicle repairs & maintenance).
• Directing Bank to transfer funds into employee accounts after approval from Director Finance.

Taxation

• Coordinating with Tax Consultants on issues pertaining to Sales & Income Tax.
• Maintaining accounting records in alignment with the requirements of FBR & SECP.
• Completing Annual Sales Tax reconciliation and sharing key insights with the Management Committee.

Internal Controls

• Developing internal controls in sync with the expectations of the Management Committee.
• Assuring that internal controls have the capacity to restrict opportunities for frauds & embezzlement.