accounts supervisor
Versatile Group
Total des années d'expérience :8 years, 8 Mois
Key Responsibilities:
Working as an Accounts Supervisor in Versatile Group, I am mainly responsible for the following,
• Responsible for the management and oversight of accounts payable, accounts receivable and payroll.
• Make payment to suppliers as per agreed terms & conditions. • Update the fixed assets register on monthly basis & post the depreciation entries.
• Manage month end closing cycles and ensure that financial records maintained in compliance with IAS/IFRS.
• Review the Sales orders/contracts to ensure adequate profit margin maintain.
• Review the Delivery Orders and ensure customer paid as per agreed terms & conditions.
• Perform the Bank Reconciliation & Intercompany reconciliation on monthly basis.
• Prepare the VAT report and assist on filling the returns and provide the documents for Import/ Export/ and Local Sales & Purchases.
• Book accruals and amortized the prepaid expenses and calculate & post Gratuity on monthly basis.
• Responsible to coordinate with external auditors & provide information as required.
• Prepare the Budget & Forecasting and make comparison of Actual vs Budget.
• Prepare the PDCs list and make sure to have enough funds to clear the cheque.
• Maintains cash flow by monitoring bank balances and cash requirements.
• Supervise the stock taking and make the necessary adjustment in system.
Key Responsibilities,
Working as Accountant in NRTC Group I am mainly responsible for Accounts Payable, Accounts Receivable & General Ledger along with the Closing on monthly basis.
Responsibilities under each head are as follows,
GL Accountant,
• Reconcile the POS with Cash & Bank on daily basis.
• Ensure all the Journal entries are recorded properly in their relevant account.
• Responsible for recording accruals & amortization of prepaid expenses and reconcile the same on month end.
• Prepare Trail balance, Profit & loss (Group wise & Item wise profit & Loss), Fund flow position.
• Prepare bank reconciliation, Intercompany reconciliation & Goods received not invoiced on month end.
• Responsible to update the fixed assets schedule & calculate the depreciation and post the same in Software.
• Reconcile the Input & Output Vat with GL and other GL accounts on month end.
• Prepare the operating expenses sheet & Schedules and compare with previous month & Budget.
• Responsible to assist in VAT filling.
• Responsible to communicate with bank on various issues (i.e New Account opening, Addition of new signatory etc.)
Accounts Payables
• Ensure timely payment to supplier in accordance with agreed credit term & Conditions after checking all the supporting documents and post the same in to Software (Cube).
• Reconcile the supplier ledger with supplier SOA.
• Prepare AP aging on monthly basis.
• Deduct the discount from supplier account on monthly basis as per agreed terms & conditions.
• Calculate the commission and send sales report to Consignment based Suppliers.
Accounts Receivables
• Prepare sales & recovery reports on monthly basis.
• Reconciliation of customer balances.
• Post the incoming payments from customers and allocate the same to invoice.
A Leading Real Estate Developer, having numerous developments projects under its umbrella in U.A.E.
Key Responsibilities
Working as Accountant with the Shaikhani group, I was mainly managing the Accounts payables, Accounts Receivables along with Internal Audit of companies within the group.
Responsibilities under each head are as follows,
Payables
• Monitoring & managing the payables side of the group of multiple projects on daily basis including contractor & sub-contractors and suppliers.
• Reconciliation of all contractors & sub-contractors and suppliers accounts on regular basis to ensure the accuracy.
• Manage the file of contracts with contractors & sub-contractors and suppliers.
• Handling bank guarantees and advance payments guarantee from the contractors & sub-contractors and keeping a track of their expiry and renewal dates.
• Receive invoices and other relevant documents and make payments (after deducting retention & advance payment if any) on timely basis as per agreed terms & conditions and post the same in to accounting software (Quick Books).
Receivables
• Report on the revenue generations ensuring schemes, working with sales managers and assistant recovery manager to gauge variance.
• Prepare sales & recovery reports on monthly basis for multiple projects.
• Entered the incoming payments from customers and issue the receipt vouchers for the same.
• Prepare the aging reports of receivables of multiple projects on monthly basis.
• Prepare the report of default customers.
• Issue the accounts statements to customers.
• Reconciliation of customers balance on regular basis.
The overall receivables of all the projects within the Shaikhani group are approximately One Hundred & Twenty Million.
Internal Audit
• Developing & maintaining adequate internal control system, preparing annual and periodic financial results and submitting them to the management for review & to proceed further and to ensure that accounting protocols are followed.
• Responsible for calculation of VAT and report to General Manager for filing of return.
• Responsible to apply for the VAT refundable amount from FTA.
• Responsible to handle the RERA audit of multiple projects.
• Responsible to handle the external audit of companies.
Other
• Assist in preparation of Financial Statements as per applicable IFRS’S & Standards and as required by management.
• Manage funds position on daily basis.
• Month end closing, booking of monthly accruals, operating & admin expenses & amortization of prepayments.
• Prepares Asset, Liability, and capital account entries.
• Management & Distribution of Payroll & Salaries according to WPS rules and utilities payments.
• Responsible to contact with different authorities for trade license renewal.
• Responsible to contact with Owner association regarding service charges and issue NOC to customers.
Validate the supplier invoice, account the same in the SAP and Processing timely and accurate payment
to suppliers after deduction of applicable taxes
• Liaise with procurement department and other user departments to resolve the issues related to Invoices, PO's and to get supporting documents
• Contribute to month end closing process to ensure timely, accurate financial data that is in fulfillment With
Accounting standards and company's accounting policies
• Preparation of Accounting Entries to Record Revenue, Payments, Journal Voucher and all Capital & Revenue Expenditure on SAP.
• Amortization of prepaid expenses
• Prepare financial statements on monthly basis with the coordination of Senior
• Prepare Bank reconciliation on monthly basis.
• Monthly reconciliation of intercompany accounts and follow-up and resolve outstanding issues
• Forecasting budget and Prepare budget analysis report on monthly basis.
• Prepare various sales and recovery reports on weekly and monthly basis.
• Maintenance & Reporting of daily fund position of all bank
• Participate in executing the work plan
• Work effectively as team member, sharing responsibility, providing support, maintaining communication and updating senior team members on progress
• Assist in preparing reports and schedules that will be delivered to clients and other parties
• Understanding nature of business environment and business cycles of client.
• Audit planning, assessing the risks, managing the audit team, completion of work within allocated time.
• Applying test of controls/substantive tests on fixed assets, debts, receivables, payables, inventory,
Revenue, employee compensation and expenses.
• Preparing books of accounts as well as keeping and maintaining records helpful for Audit.
• Ensuring work is in compliance with International Accounting and Auditing standards.
• Recalculated salary expense on sampling basis including income tax deducted at source, Overtime, Advance deduction etc.
• Reporting unusual items to the Audit partner.
• Prepare the E-payments for vendors while entering WHT of vendors and employee on the portal on monthly basis.
• Performing other related duties as assigned.
I am ACCA affiliate (Associate Chartered Certified Accountant)