Project Accountant
LEWA NIKKISO Middle East FZE
مجموع سنوات الخبرة :15 years, 7 أشهر
Profit and Loss and Balance Sheet & Cash Flow
• Preparing Projects financial statements (80% Contribution).
• Contributing POC Sales portion 75% of total Revenue.
• Preparing independently POC & Project Cash Flow every Month.
• Analysis and record all accrued income & expenditures.
• Independently working on Consumables and Overheads.
Sales
• Preparing and recording Milestone and Final Invoices.
• Summarize and report to management weekly and monthly by Project.
• Responsible to record customer’s Receipt & their reconciliation and reporting.
Cost of Sales
• Preparing and summarizing Cost of Sales of each project
• Monitor and control inventory of projects.
• Summarizing consumable and Overhead of Projects
Petty Cash & Bank Operations
• Responsible to maintain petty cash register.
• Responsible for bank reconciliation.
• Preparing and recording monthly salary.
VAT
• Independently filing VAT return every Quarter.
• Responsible for VAT reconciliation with Customer, Vendor and Govt.
• Responsible for correspondence with UAE’s Govt. Queries.
Accounting Software
• Using SAP Business One
Profit and Loss and Balance Sheet (Actual/Budgeted)
• Record all financial transaction in Tally ERP-9 to summarize.
• Monitor and analysis accounting data and present to management each month.
• Develop and maintains financial security by establishing internal controls.
• Analysis and record all accrued income & expenditures.
• Compare budgeted revenue and expenditures with actual activity for the period.
Sales
• Prepare and record Delivery Order and Invoices of all customers.
• Summarize and report to management weekly and monthly by order of items and geographical/region bases.
• Responsible to record customer’s payment their reconciliation and reporting.
Cost of Sales
• Responsible to post raw material (Base oil & Additives) and packaging material invoices.
• Responsible for supplier’s payment and supplier reconciliation and reporting.
• Responsible to post production cost (as per daily production)
• Responsible to conduct monthly physical stock verification.
• Analysis and record all expenditures with respect to COS & in-direct.
• Preparing order wise cost analysis.
Fixed Assets
• Responsible to record newly purchased assets.
• Responsible to record disposal of assets.
• Responsible to record depreciation on assets.
• Preparing fixed asset schedules for internal and external reporting
Petty Cash & Bank Operations
• Responsible to maintain petty cash register.
• Responsible for bank reconciliation.
• Preparing and recording monthly salary.
• Preparing and reporting Monthly Profit & Loss statement.
• Successfully implement Tally ERP 9.
Fixed Assets & Projects Assignment
• Responsible for recording (SAP) of newly purchased assets.
• Responsible for recording (SAP) disposal of assets.
• Preparing fixed asset schedules for internal and external reporting
• Project revenue recognition on the basis of POC method.
• Responsible for recording of expenses and revenue of projects in SAP
• Project Cash Flow management and funds allocations.
Payables Assignment
• Responsible for recording of local and imported vendor’s liability
• Responsible to deduct and deposit withholding Tax.
• Preparing Supplier Ageing Balance Analysis Report.
• Responsible to prepare translation detail and record the provision for translation.
Treasury Operation Assignment
• To prepare documents for obtaining or extension of credit facility and charge thereon.
• To prepare monthly/periodic documentation required by banks w.r.t credit facilities, stock reports, receivables reports etc.
• To complete and process bank guarantee issuance/ extension/modification/ cancellation documents.
• To prepare bank position and transfer of excess funds to offset overdraft.
• To obtain rates and ensure timely documentation for investment of corporate and employees related funds like Provident, Gratuity and Workers’ Profit Participation funds.
• To prepare monthly bank reconciliations
• To regularly monitor and coordinate for adjustment of LC margin.
• To verify interest received form bank and mark-up payable to banks and arrange payment thereof.
• Responsible for the Collection of Store Suppliers invoices, in Oracle based ERP environment.
• Feeding regarding Invoices collected form Purchase Department
• Responsible to make payments of suppliers
• Responsible to make & charge Debit Note to Suppliers
• Responsible to make reports & claim input sale tax refundable form Govt.
• Responsible to deduct withholding Tax (Income & Sale tax)
• Responsible to deposit withholding Tax in Govt. treasure.
• Responsible for Estimation of next future payments and finance requirement for store purchases.
• Responsible for making Marginal Costing of Dyed Fabric for the purpose of decision making and growth of firm.
• Responsible for Bank Reconciliation.
• Entering foreign Receipts.
• Preparing Customer and Supplier Ageing Balance Analysis Report.
• Responsible for the preparation of Budgets of all orders for purchase of Materials and other expenses and developing and designing control for compliance with Budgets in Oracle based ERP environment.
• Responsible to prepare Ratio Analysis of budgeted Cost of Goods Sold.
• Responsible for preparing Budgeted Cost of Goods Sold Statement.
• Prepare Job wise, Customer wise and Product wise profit & loss statement.
• Responsible for Preparing Yarn Demand for Purchase Purposes.
• Responsible for Final Analysis for cash flow and decision making Purposes.
• Prepare Complete Job Analysis Pre and Post shipment.
• Responsible for the accumulation of all costs against budgets for the comparison of actual results against budgeted results
• Responsible for the preparation of Order wise Profitability analysis reports and presentation and discussion of these analysis with Manager Costing and Budgeting for decision making purpose
• Calculation of Capacity and allocation of overheads to different products based on measured capacity
• Providing Guidance and support to Marketing department for the calculation of Pre costing to quote to customers of different products
• Job Closing (Knitting, Dying, Cutting and Stitching)
• Analyze stitching and packing and labour expenses (Job wise) according to Budget.
• Physical stock taking after shipment rejection pieces and completed but in hand pieces.
• Preparation of Cost Sheet/ Profit & loss sheet (Job Order Costing/Job Order Closing)
• Comparison of export managers Projected costing vs. Actual costing.
• Variances Analysis of Actual cost sheet vs. Standard/ Projected cost sheets.
• Discuss variances with Marketing Managers and Top Management.
• Recording and Preparing schedule of Export Sales and also Local Sales.
• Maintain Foreign and Local Debtors and their Complete Reconciliation.
• Analysis of major cost heads and highlight to the higher management.
• Highlighting all possible factors which affect the profitability of a job.
• Complete reconciliation of fabrics and maintaining the stock reports,
• Prepare Manager Wise, Job wise and Party wise profit & loss statement.
• Follow up all with all departments like Grey, Processing, PPC, Folding, Export Marketing, Stitching, Shipping, Purchase, Production and Stitching Store.
• To record and check Gate Passes Local and Export on daily basis.
• Maintain outside stocks (Greige Fabrics, Processed Fabrics, and stitched Fabrics) reports.
• Physical stock taking from grey to stitching and warehouses.
• Analyze stitching and packing expenses (Job wise and Invoice wise)
• Analysis of monthly sale, commission, freight, and rebate status.
• Discuss major drawbacks of Shipments which concerned to Export Managers for Future decision making.
• Prepare Complete Job Analysis Reports.
• Entries regarding cost of goods sold.
• Preparing Cost of Goods Sold and Profit & Loss Statement.
• Implementation and working in Oracle ERP EBS R-12
In Process
Banking and Finance
Commerce, Accounts, Taxation, Banking, Economics and Finance
Commerce, Accounts, Banking, Economics and Finance