Accounts Manager
Advanced Fiberglass Industry LLC
Total years of experience :24 years, 4 Months
• Supervise and coordinate the implementation work of ERP software SAP B1.
• Liaise with banks for various facilities like overdraft, loan, etc
• Monitor accounts payable and receivable, material issue to various sites, etc.
• Calculate cost of each project, profit margin from the project in order to calculate the calculate commission payable to salesmen
• Put in place effective control on fixed assets and supervise the preparation of fixed asset register.
• Prepare and submit monthly payable and receivable reports to management
• Prepare annual financial statements with all supporting schedules.
• Calculate gratuity and leave pay payable to employees.
• Handle payroll and ensure it is in conformity with WPS.
• Verifying bank payments, petty cash expenses, etc
• Organize weekly meeting of salesmen and update the collection status to the management
• Liaise with suppliers and customers for the follow up of payables and receivables.
• Advise on the implementation of reliable accounting system, procedures & various internal control measures.
• Guide budget preparation works and conduct analysis of variances of actual performance from budgeted figures
• Conduct feasibility study on new projects.
• Ensure effective fixed asset and inventory controls are applied
• Ensure all daily transactions are correctly entered in to the system under proper account heads.
• Prepare MIS, bank reconciliation, related party reconciliation, vendor and customer reconciliation, etc
• Prepare annual financial statements with all supporting schedules.
• Prepare payroll as per WPS & calculate the end of service benefits payable to the employees.
• Liaise with & assist external auditors & implement their recommendations, if any
• Identify weak areas of performance and suggest how improvements can be brought in.
• Ensure the maintenance of proper books of records and other documents as per the financial instructions and guidelines of MoF.
• Prepare annual financial budget for the dept. - both capital and recurring budget.
• Liaise with officers of Ministry of Finance and attending various meetings related to sanction and approval of annual budget.
• Exercise control over various expenses under different codes, checking the variances from budget figures and investigate and take corrective actions of variances
• Liaise with and assist the department’s statutory auditors (Govt. Auditor General).
• Liaise with bank officials and follow up all payments and receipts through bank
• Carry out reconciliation of actual money spent with treasury books figures
• Supervise and monitor payment of personnel payroll of all departments
• Ensure proper deduction of taxes from payments and its remittance.
• Supervise the effective maintenance and updating of fixed asset register as per government norms
• Submit actual monthly expenditure report to MoF and CDF
• Supervise posting of all accounting entries on a daily basis
• Handle petty cash expenses of the company
• Make payments against import through TT/ TR/LC and its follow up
• Prepare monthly bank reconciliation & related party reconciliation.
• Prepare payroll, calculate end of service benefits to employees, leave salary, OT, etc
• Prepare monthly MIS reports to be submitted to the Finance Manager
• Submit the quarterly statements of personal expenses to the directors
• Liaise with banks for the follow up of payments and receipts.
• Finalize annual financial statements of the company with supporting schedules
• Liaise with and assist external auditors of the company
• Verify and authorize payments to suppliers after ensuring proper deduction of discounts, rebates, display rents etc.
• Organize and conduct annual and interim stock taking in various outlets.
• Ageing analysis of stock.
• Bank Reconciliation, reconciliation of related party accounts, receivables & payables.
• Assist annual external audit work by preparing various schedules like rent outstanding and prepaid.
• Handle accounts of Public Relations Dept. and monitor their cash expenses
• Prepare of monthly PR office expenses report to be submitted to regional manager
• Prepare financial statements, budgets, comparative analysis of expenditure & revenue heads, reasoning for variations.
• Cash analysis and allocation of funds.
• File Excise, Sales Tax, Income Tax and PF returns and appear before authorities.
• Reconcile accounts receivables and accounts payables and coordinate audit functions.
• Analyze receivables and recovery of the same.
• Coordinate with banks and prepare monthly reports to be submitted to banks.
• Ensure compliance with government laws, company policies, procedures and controls.