General Accountant
Massar Solutions P.J.S.C
Total years of experience :12 years, 11 Months
Key activities include: • Daily Operation, Analyze & Report the data of expenditure and Income. • Prepare Reconciliation of Fleet fixed assets register for more than 8000 vehicles & ensure depreciation, sale of vehicle is posted as per company policy. • Manage Non-fixed assets register and reconcile with general ledger along periodic physical verification. • Manage reclassification of expenses & ensure to amortize on timely basis. • Record of asset, liability, revenue, and expenses entries and maintain accuracy and completeness of accounting of all transactions. • Maintains and balances subsidiary accounts by verifying, allocating, posting, reconciling and resolving discrepancies. • Assist in the monthly closing process, including financial analysis and preparation of periodic reporting requirements. • Prepare Revenue Analysis reports for management based on contracts & Agreement of company & report variances, identify trends& recommend actions to management. • Prepare Monthly ageing reports & Board Pack for management presentation. • Perform Ageing Analysis for receivables & payables & Coordinate with internal Departments for clearing balances. • Manage & reconcile intercompany accounts on monthly basis. • Prepare Monthly MIS report for KSA entity.
Key activities include:
1. Prepared reconciliations for monthly closings & Ensure accuracy of revenue and expense
accounts
2. Provided quality checks of documents.
3. Managed and supported two junior accountants and provided them with accounting advice.
4. Analyzed monthly and quarterly operational & job related performance and presented the
reports to the senior management & Team Leaders.
5. Performed budget forecasts and consistently worked on costs reductions.
6. Maintained accounting ledgers and monitor preparation of the management reports.
7. Prepared & handle documentation for internal & external audits.
Key activities include:
Payroll activities :
1. Responsible for the preparation and processing of monthly payroll for over 400 employees.
2. Balance the payroll accounts by resolving payroll discrepancies.
3. Maintain payroll information by designing systems; directing the collection, calculation, and entering of data.
4. Ensure paychecks are correct and delivered on time.
5. Responsible for the coordination efforts between payroll, human resources, budget and other departments to ensure proper flow and maintenance of employee data (including preparation/distribution of detailed reports, e.g. labor" home" work, overtime, leave balances, head count, and retirement contribution reports)
6. Review and ensure accuracy of approved timesheets; track and deduct all garnishments and other special payroll deductions.
7. Establish/maintain employee records; ensure that employee changes are entered correctly and made on a timely basis; review changes for proper authorization and adherence to company policy including compliance with local regulations & rules..
8. Audit payroll worksheets, Total salary disbursements, Commission’s & total earnings of all employees, etc.
9. Review and analyze current payroll, benefits and procedures in order to recommend and implement changes leading to best-practice operations & for employees.
10. Manage regular preparation of relevant management reports, including weekly, monthly, quarterly and year-end reports (gross payroll, hours worked, vacation accrual, tax deductions, benefit deductions, etc.
11. Ensure systems are set-up and updated to reflect our current employee base, including wages, benefits, sick and vacation time.
Accounts Activities:
1. Preparation of MIS Report and Monthly reports.
2. Payment & receipt transactions in system
3. Reconciling bank accounts
4. Coordinating with banks for cheque clearance and other activities.
5. Reconciling customers & vendors accounts
6. Prepare and enter journal entries which include rectification entries, monthly bookings entires, Provision entries and their reconciliation.
7. Ensuring provisional booking entries are done on time.
8. Manually book keeping records of account
9. Balance Sheet & Profit & Loss Account (Monthly, Quaterly, Vehicle wise Reports)
10. Preparing ageing reports of vendors & customers on monthly basis.
11. Maintaining business report and sales reports for management.
12. Reporting monthly sales & growth of company to directors.
13. Preparing minutes of meetings for directors related to sales, monthly and quarterly growth of organization.
14. Reviewing and reporting administration facilities to Directors.
15. Providing administrative support to HR department for Payroll, administrative works & employees related grievances.
Key activities include:
1) Collating, checking and analysing spreadsheet data, ERP data .
2)Examining company accounts and financial control systems.
3)Gauging levels of financial risk within organisations.
4)Checking that financial reports and records are accurate and reliable.
5)Ensuring that assets are safeguarded.
6)Identifying if and where processes are not working as they should, and advising on changes to be made.
7)Liaising with managerial staff and presenting findings and recommendations.
8)Ensuring procedures, policies, legislation and regulations are correctly followed and complied with.
9)conduct Branch Audit, Cash Audit, Inventory Audit.
10)Prepare reports of findings and recommendations for management.
Job responsibilities
Tracking Receipts and Payment status.
Checking and reporting on the progress.
Preparing Monthly Sales Report, Purchase Reports and Vat Reports.
Managing the account's budget and invoicing the client
Auditing Purchase bills, Sales bill and C-form collections.
Project on : “WORKING CAPITAL MANAGEMENT”.
To analyze the effect of fixed assets and current assets on its return and risk so that the firms should keep no unproductive assets and should finance with the cheapest available sources of funds.
The project deals with learning of planning and financing of working capital requirement of company.
To raise working capital by arranging funds from various sources like banks, financial institutions etc.
MASTERS OF BUSINESS ADMINISTRATION In FINANCE
2011 Bachelor Of Commerce. N.K.TT - Thane (w) University of Mumbai 57.57%
2008 12th (Commerce) M.S COLLEGE University of Mumbai 68%
2006 10th R.R.VAIDYA ENGLISH MEDIUM SCHOOL-DAPOLI Kolhapur 49.06%