Senior Accountant
M/s. Al Million Services Trading & Contracting. Co W.L.L
Total des années d'expérience :10 years, 0 Mois
EXPERIENCE SUMMARY:
Finalization of accounts and preparation of all financial statements, including trial balance, profit and loss statement, balance sheet, changes in Equity and statement of cash flows on a monthly, quarterly, semi-annual and annual basis.
Arranging audit schedule with supporting documentation for external auditors and follow up the audit process until preparation of Income tax returns for the year.
Development of budget and Budget vs. Actual cost comparison and variance monitoring to enhance revenue.
Prepare and analyze the report and advice on business operations including revenue and expenditure trends, future revenues, bank commitments, other liabilities and ratio Analysis (liquidity, efficiency, debt management ratio and aging analysis).
Preparing monthly project status report and monitoring project expenditure against project budget, developing and monitoring performance indicator.
Month end activities: (Ledger reconciliation, accrual, prepaid expenses, deferred expenditure, amortization, Allocation and apportionment of overhead to cost centre, adjusting journal entries, reversal entries, and reconciliation of Intercompany transactions).
Handling Accounts Receivable ( AR ) : (Generate and send out sales invoice & Progress invoice, follow up the payment, sales analysis, aging report, send SOA for outstanding customers, investigate customer queries, resolve payment discrepancies, develop a recovery system and initiate collection effort, account reconciliations, record all cheques & deposit and manage several client accounts.
Handling Accounts Payable (AP ) : (Verifying creditors invoice with necessary supporting documents, enter the invoices into system, Prioritize invoices according to cash discount potential and payment terms, Process cheque requests, arrange the payment (cheque/LC/electronic transfer), reconcile accounts payable transactions, research and resolve invoice discrepancies and issues, track expenses and process expense report and Managing vendor accounts.
Carried out full function of payroll tasks for over 2, 500 employees.
Bank and cash routine assignment/ Treasury Management
• Arrangement of letter of credits (Import & export LC) and coordinate with bank and beneficiary and follow up required amendments and preparation of import documentation.
• Arrangement of Tender bank guarantee, performance bank guarantee and other guarantees.
• Petty cash management & Forecast daily cash requirements
• Report cash operation activities daily to management
• Bank account management, Re-conciliation of bank accounts and liaising with bank
• Cheque discounting, Bill discounting, Arrangement of fund transfers and cheuqe deposit
• Utilize sanctioned bank facility
Credit card reconciliations (Qatar E-government service transaction - Hukoomi portal service).
Maintaining the fixed assets register each month with capitalization of Assets, including calculating and recording depreciation, amortization, disposals and acquisitions of all fixed assets.
Guide and supervise the activities of the accounting staff with (Posting journal entry, time sheet updating, accounts payable, receivables, sales invoice and payroll department).
Check and verify payment request, petty cash expenses, other voucher and documents.
Monitored accounting transactions, checks, correct errors by positing adjusting entries.
Arranging Insurance for Motor vehicle (taxi & transport vehicles), Workmen compensation and other properties.
Reporting: Reporting to Financial Manager and Managing Director
Duties and responsibilities:
Preparing Monthly Invoice
Handing Accounts Receivable ( AR)
Handing Accounts payable ( AP )
Preparing daily sales outstanding report, Aging report and manage several client accounts independently.
Fix Assets register maintain
Payroll
Checking and Verifying Daily Sales summary and Cash Collection.
Adjusting entries related to fixed assets depreciation, prepaid expenses and accruals.
Preparing monthly Project Status Summary and Monitoring project expenditure against project budget
Bank reconciliation
Prepare payments by verifying documentation and requesting disbursements and maintain records of unpaid bills.
Prepare financial reports
Bookkeeping of GL, AP, AR & Fixed Assets modules
Verifying creditors invoice with necessary supporting documents
Reconciliation of all supplier statements with AP ledgers and reporting to management.
Preparing cheques for payment, reviewing disbursement and maintain records of unpaid bills.
Prepare the monthly salary
Bank Reconciliation
Handling petty cash
Assist in preparation of Financial Statements
Four Years Degree Specialization in Finance and Accounting
Subject offered : Financial Accounting, Tax, Auditing and Business communication