Sr. Accountant
TOOL TIME LLC
مجموع سنوات الخبرة :21 years, 1 أشهر
Recording asset, liability, revenue, and expenses entries by compiling and analyzing financial data from various sources.
Monthly reconciliation of general ledger and sub-ledger accounts - High volume over 600 client’s and 3 bank accounts.
Debtor follow-up and collection of payment according to the credit terms.
Processing supplier’s payment as per credit terms and scheduling the payment.
Investigating and resolving discrepancies in monthly bank accounts and reconciliation of bank accounts while under tight deadlines.
Verifying and approving contracts, purchase orders, payment vouchers, receipt vouchers and validating the documents as per company policies and regulations.
Overseeing billing activities and ensuring all the jobs have been invoiced as per the quotations.
Responsible for all payroll duties for 75 plus employees. Processing of end of service benefits and other final settlement dues.
Maintaining schedules and preparing entries for the amortization of prepaid and other fixed assets.
Passing monthly adjustments and closing entries and preparing monthly reports for the management.
Preparing and review of balance sheet, income statements and supporting schedules for the year end closing of company books.
Accounting of VAT transactions, ensuring the compliance and filing VAT returns.
Advising the management in terms of cost reduction, inventory management and to maximize the revenues for recording maximum profits.
Compiled and analyzed financial information to prepare various accounting entries.
Monitored ledger accounts by regular reconciliations to avoid financial discrepancies.
Processed vendor and other payments as per schedule and ensured that all vendors are paid on time as per agreed credit days.
Coordinated with the bank for the issue and amendment of letter of credit, and ensured that the LC is issued on time as per the agreed trade terms.
Prepared export import documents according to LC instructions, supplier and customer requests and UCP600.
Settlement of LC document dues to the bank as per the agreed credit days, monitoring and deleting the expired LC’s.
Applied and accounted the trust receipt loans to settle the LC documents.
Handled daily cash management activities such as cash deposit, fund transfers, bank wire and net banking transfers.
Ensured collection of pending dues from debtors on time.
Reviewed fixed assets ledger accounts and posted depreciation expenditure on monthly basis.
Bank reconciliation, vendor account reconciliation and inventory tracking.
Handled payroll processing using WPS system.
Monitored compliance with accounting principles and company procedures.
Established and maintained good relationship with bank managers, auditors and suppliers, ensuring compliance with all regulatory bodies.
Prepared various financial reports to the management.
Liaison with internal as well as external auditors, therefore assisting the finance manager to carry out the annual Audit.