Asad Ali, CHIEF ACCOUNTANT

Asad Ali

CHIEF ACCOUNTANT

Brothers Gas Bottling & Distribution Co. LLC

Location
United Arab Emirates - Abu Dhabi
Education
Master's degree, Applied Accounting
Experience
9 years, 11 Months

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Work Experience

Total years of experience :9 years, 11 Months

CHIEF ACCOUNTANT at Brothers Gas Bottling & Distribution Co. LLC
  • United Arab Emirates - Dubai
  • My current job since December 2019

• Reviewing and guiding the work of the accounting team, including month-end, quarter-end, and
year-end sole & consolidated financials reporting
• Creating budgeting plans, forecasting financial performance, and monitoring progress throughout
the year, with in-depth variance analysis
• Coordination with banks for all trade related activities and for bank financing matters
• Reviewing, advising and directing the entire team work during the external audit by KPMG
• Reviewing and checking payroll calculations, staff EOSB & final settlement workings
• Preparation of In-house financials for banks and Cashflow Reports for management
• Participated in the implementation of ERP SAGE X3 and served as the lead for the team during
the migration of data from Quickbooks Enterprises.
• Created P&L and Balance Sheet formats in ERP SAGE X3
• Configured Business Partners (BPs) for Suppliers, Customers, Control accounts and Chart of
accounts
• Worked closely with the ERP technical team & configured Sales Distribution Model, Purchase
Inventory Model, and Fixed Assets Models
• VAT Preparation, review, and filing tax returns on quarterly basis
• KSA Zakat & VAT tax returns preparation and filing on quarterly and yearly basis
• Reviewing and approving all local & international purchases and payments before GM's approval
• Monitoring and mentoring/training to junior staff, clerks, and bookkeepers
• Detecting and addressing potential compliance issues proactively

SENIOR ACCOUNTANT at Brothers Gas Bottling & Distribution Co LLC
  • United Arab Emirates - Dubai
  • December 2017 to November 2019

• Managing the month-end, quarter-end, and year-end closing process in SAGE X3.
• Reviewing and entering accruals and journals on a monthly basis in SAGE X3 and QuickBooks.
• Preparing PNL and GP margin reports for management review on a monthly basis
• Conducting reconciliation of balance sheet accounts and preparing financial analysis on a quarterly
basis
• Preparing VAT tax returns on a quarterly basis
• Prepared data migration entries for opening balances for ERP system (SAGE X3) from Enterprise
QuickBooks 2017
• Managing and forecasting daily cash flow to meet long-term and short-term loan repayment and
working capital requirements.
• Supervising and mentoring a team of 6 staff members, reviewing their work, and providing
guidance on problem-solving.
• Coordinating with various banks for financing-related matters and preparing quarterly financial
statements for banks.
• Collaborating with external auditors during the annual external audit process.

ACCOUNTANT at Brothers Gas Bottling & Distribution Co LLC
  • United Arab Emirates - Ajman
  • May 2016 to December 2017

• Islamic Bank Financing (ST & LT loans, Letter of credit-LC, Bank Guarantees, Tender Bonds, Bank Facility offer letters)
• Processed Account Payable (AP) and AR functions.
• Performed reconciliation for quarterly Value Added Tax (VAT) returns and filing
• Performed budget, re projection input and analysis
• Interacted daily with vendors and established solid professional relationships
• Maintained Fixed Assets schedules and monthly depreciation entries
• Maintained long term & Short-term loans schedules and profit & repayment entries
• Maintained prepayments schedules and monthly expense entries
• Petty cash management for all branches and head office
• Prepared monthly Bank reconciliations for all banks
• Reconciliations for intercompany accounts and vendors Accounts
• Advanced level MS Office skills - Word, PowerPoint and Excel in particular.
• Good Hands-on experience in using QuickBooks Enterprise 2017, Tally ERP 9 & ERP SAGE X3

ACCOUNTANT
  • November 2014 to March 2016

Reporting to Manager Finance
• Prepared and posted monthly expense general entries
• Petty cash management for main office
• Performed overall Accounts Receivables (AR) function
• Involved in process to payments to suppliers
• Prepared Company deliverables for month end, budget and quarterly forecasts
• Involved in Budget preparation process & Variance analysis.
• Month end reconciliations for vendors
• Participated in monthly Bank reconciliations
• Hands-on experience in using ERP system Oracle R12 Module
• Maintained prepayments schedules and monthly expense entries
• Petty cash management for all branches and head office
• Prepared monthly Bank reconciliations for all banks
• Handled the daily processing of hundreds of invoices and related documentation
• All other works assigned by the manager finance.

ACCOUNTANT at Nishat Mills Limited
  • Pakistan - Lahore
  • May 2014 to November 2014

Prepared account reconciliation’s
• Accounts payable coordination.
• Entertained phone calls
• Handled multifaceted tasks: data entry, filing, records management and billing
• All other tasks assigned by accounts supervisor & senior accountant.

Education

Master's degree, Applied Accounting
  • at Oxford Brookes University
  • October 2022

. In

Bachelor's degree, Accounting & Business
  • at Oxford Brookes University
  • October 2022

in

Bachelor's degree, Accounting & Business
  • at Oxford Brookes University
  • October 2022

in

Specialties & Skills

Auditing
Finance
Accounts Receivable
Accountancy
Accounting
ACCOUNT RECONCILIATION
ACCOUNTANCY
ACCOUNTING
ACCOUNTS PAYABLE
ACCRUALS
BALANCE
BILLING
BUDGETING
CASH FLOW
CLOSING
payments
microsoft powerpoint
payroll
teamwork
auditing
reconciliation
sales tax
planning
Annual Budgets
Team Management
MIS Reporting

Languages

English
Expert
Arabic
Beginner
Urdu
Native Speaker

Hobbies

  • Video Gaming