Senior Accountant
Crystal Way Trading LLC
Total years of experience :10 years, 11 Months
• Transformed all manual accounting procedures to ERP accounting software.
• Maintaining accounting controls and recommending policies and procedures.
• Preparing financial statements, P&L and accounting journals relating to VAT accounts to ensure that VAT return is made on a timely and accurate basis.
• Liaising with FTA for successful refund of Input VAT on all exports and preparing list of documents if required by FTA.
• Preparing error-free financial reports and presenting their results to CEO.
• Maintaining books of accounts ready for Auditors & ensuring that accounting transactions are recorded in line with International Accounting Standards (IAS)
• Making payments to suppliers, ensuring accuracy and obtaining approvals.
• Sending invoices to customers, recording accounts payables & receivables and reconcile ledgers to ensure that all transactions are properly posted.
• Training & supporting juniors with accounting software & VAT procedures.
Performed operational audit, finance audit and facility audit of various clients.
• Reported deficiencies in internal controls and provided recommendations to improve overall internal control environment.
• Prepared Audit reports for government educational sectors and insurance brokers with risks and recommendations.
• Reviewed financial statements, balance sheet, profit & loss accounts being prepared according to international financial reporting standards.
• Physically verified fixed assets/Inventory to address the asset valuation issues by assessing the appropriateness of the assets depreciation.
• Reviewed and verified vendor’s contracts, aged payables, aged receivables, and payment vouchers.
• Verified and reviewed monthly payroll reconciliations, banks reconciliations, inter-company reconciliations, and supplier reconciliations.
Prepared monthly and yearly budgets, monitored expenditures against the approved allotments, also prepared budget revisions as and when required.
• Reviewed all transactions as necessary and reconciled balance sheet accounts.
• Processed payments, invoices, payroll and pay slips accurately and timely.
• Reconciled bank accounts, account payables and account receivables.
• Managed all accounting operations including billing, accounts receivable, accounts payable, general ledger, cost accounting, inventory, fixed assets accounting, and revenue recognition.
• Managed income tax, corporation tax, VAT (value added tax), and self-assessment tax returns for clients.
• Liaised with HMRC tax authorities to resolve all related compliance issues.
Maintained & recommended all compliance requirements of the organization.
• Coordinated and followed up with the team on audit findings and action plans to ensure timely implementation and completion.
• Worked with senior management on key business initiatives, control weaknesses and ensured a proper internal control environment.
• Prepared audit reports including the objectives, scope, observations, impact and professional opinion on the effectiveness of the internal control systems.
• Carried out regular follow-up with the department to update implementation status of prior audit reports from time to time.