Accountant
Binhendi Enterprises L.L.C
Total years of experience :8 years, 2 Months
Handling accounts receivable and entire accounts payable- Receivable: monitoring payment receivable and invoice ageing, posting of AR invoices, follow up from customers, sending reconciled monthly SOA, Bank reconciliation. Payable: vendor invoice verification with PO & GRN, AP posting, manager approval for payment, payment release as per terms (via bank transfer/cheque), vendor reconciliation.
Supporting in month end closing activities by posting all receipts & vendor invoices in SAP
Prioritize essential supplier payments as per requirement & payment terms, escalating to Finance Manager
Goods receipt note (GRN) verification and vendor invoices booking, including freight & customs duty invoice.
Liaise with vendor for payment invoice, discrepancy & credit note issues, SOA and reconciliation.
Handling petty cash of 56 outlets - Retail Fashion & F&B: reimbursement, posting & reconciliation. Closely follow up for voucher submission of ad-hoc petty cash advance issued.
Payment of Utilities like, Dewa, SEWA, DU, Etisalat & Mall electricity.
Maintaining supplier master information through SAP and establishing appropriate credit limits.
Preparing & processing A/P accruals and prepaid costs at month end.
Inter-company posting. Cash/cheque sales receipt posting.
Managing customers & vendors payment inquiries and performs other duties as assigned.
Appreciated by line manager and head of division for maintaining updated and accurate vendor reconciliation. Handling vendor payment follow up calls and inquiry.
Preparation of MIS as and when require by the bank.
Entry posting in Creams Software i.e. Insurance, Securities, Collateral etc.
Preparation of Daily, Weekly, Monthly & Yearly reports
Preparation of Loan doc including legal & security documents for Consumer Running Finance & Gold Loans
All relevant procedures regarding Primary & Secondary Securities, to sustain the interest & assets of bank
Review the security documentation in line with terms & condition of finance approval for fresh, renewal and enhancement cases
Scrutinizing Prime Security Documentation
Scrutinizing Collateral Security Documentation
Filling in all types of IB Forms / Documents
Ensuring compliance with Bank’s Credit Policies
Ensuring compliance with SBP Prudential Regulations
Reconciliation of balance of Stamp Papers
Handled various tasks as required, gradually managed independently, such as
Responsible for Account Payable & Payroll
Reconciliation of Vendor Ledgers
Prepared Landed Cost (Imported Goods), Prepared Cost Of Wood
Arrangement of Vendor payments
Verification of all purchasing document (Local & Import)
Entry posting of Payable Vouchers in Oracle Software
Prepared all cash payment vouchers including TA/DA, Advances etc.
Prepared working and JV of wages & salary on fortnightly and monthly basis, prepare full & final settlement of out-going employees.
Prepared & reconciled staff payroll, workers’ wages and fortnightly advance statement.
Liaison with HR & other relevant departments.
Maintained staff & workers loans schedules, bike ledgers and PF ledgers
Monitored factory Daily-Day-Book and ensured accurate records updated, rectified errors as needed.
Assisted in Internal and External Auditing procedures.