ACCOUNTANT
AL SHOUHRA TRADING CO WLL
Total years of experience :16 years, 8 Months
Treasury to the company: Controlling & monitoring company’s fund. Analyzing the requirement of funds in foreign & local account. Evaluating of cash requirement for disbursement. Computing of foreign currency purchase. Closely monitoring of cash flow.
Bank Reconciliation: Reconciliation of local and foreign currency bank account. Reconciling sales proceeds are correctly accounted and deposited intact in depository bank. Reconciling merchant statements of debits & credit cards.
Month-end Reconciliation & Analysis: Accurate and timely closing of sales and stock module; closing procedures include bank statement reconciliation, reconciliation of General Ledger accounts. Aging of inventory. Assisting in preparation of financial statements.
General Ledger Entries & Audit: Encoding of receipts, payments & collections are accurately recorded in the system. Application of payment in supplier account.
Budget: Preparation & analyzing of sales budget estimation half yearly. Comparison of actual sales versus budgeted sales and projection of estimated sales budget. Computation & evaluating of seasonal purchase budget by brand.
Sales: Analysing the sales recorded accurately in POS. Accuracy of sales invoices & payment made thru cash, debit & credit cards. Endorsing & processing refunds as per the rules issued by Consumer Protection Law. Computing and compiling for discounts promotion in POS. Analyzing and monitoring staff discounts and controlling the staff purchase limit. Organizing POS staff training. Ensuring company’s procedures, accounting function, invoices and billing are properly observed. Supporting the store managers in the smooth functioning & unified procedures in all outlets. Organize mid-year and year-end inventory count. Reconciling inventory variances.
Brand Performance Analysis: Detailed analysis of sales and brand report by category, line and sales staff. Analyzing brand sell out ratio. Compiling and formatting reports by brand
Accounts Payable & Receivable: Preparation of payment to local and trade supplier. Submission of SOA to the supplier along with payment. Application of payment in supplier ledger. Analyzing & preparing royalty settlement to the brand.
Monitoring accounts receivable from clients and partners. Ensuring the credit limit and overdues are timely collected.