Senior Accountant
Buoysail Trading LLC
Total years of experience :11 years, 7 Months
Book-Keeping and Recording:
• Recording Financial transactions like expenses, Income, Cash, Bank, and Journals in accounting software in accordance with IFRS (International Financial Reporting Standards).
Financial Reconciliation:
• Reconciling accounts ledger (Cash, Bank, Debtors, and Creditors) in accounting software in accordance with IFRS (International Financial Reporting Standards)
• Physically verifying Inventories as per the Stock register and recording impact in the Financial Statement.
Tax and Compliance:
• Follow tax compliance and record tax-related transactions under the relative head.
• Maintain comprehensive details of all the transactions and prepare the calculation sheet.
• Computation of VAT and return filling.
Financial Statement Preparation:
• In-house financial statement preparation (Balance sheet, Profit and loss account, Cash flow, and Schedule) and discussion with management for final approval.
• Calculating Fixed asset and Depreciation chart as per IFRS (International Financial Reporting Standards).
• Trial Balance adjustment with management consultation.
• Participated in the annual company audit and sorted out the conflict queries raised by the external auditors.
Budget Planning and Execution:
• Spearheading the budgeting process by collaborating with department heads to gather relevant financial data and insights.
• Creating comprehensive budget models that align with organizational goals and financial objectives.
• Implementing effective budgetary controls to monitor and manage expenses, ensuring adherence to financial plans.
Financial Projections:
• Conducting thorough financial analyses to forecast future trends, identify potential risks, and capitalize on emerging opportunities.
• Developing accurate and reliable financial projections to guide strategic
decision-making processes.
• Utilizing forecasting models to assess the impact of various scenarios on the organization's financial performance.
Payroll
• Processing monthly timesheets with leave records as per HR policy.
• Calculating Salary sheet with different variance like Bank payment, Cash or Cheque payment as per UAE compliance.
• Preparing SIF file for WPS salary transfer.
• Recording and reconciling salary-related transactions in accounting software.
• Calculating yearly bonuses and increments.
• Calculating year-end benefits as per UAE labor law.
• Submission of the payroll reports to HR, Auditor, and management.
Visa and Labor (GRE)
• Visa, Labor card, and health insurance processing for staff.
• Waste management contract renewal like Chemical waste, General Waste, and Medical Waste.
• Arranging Annual Waste reduction report.
• Trade License and Clinic license renewal
Accounts Receivable/ Payable
• Monitor the status of accounts receivable/ Accounts Payable and follow up for timely collection/Payments.
• Month-wise reconciliation of Debtors/creditors’ ledger with their SOA. Identify and resolve discrepancies.
• Maintain and distribute an accurate listing of overdue/Payable accounts and suspensions under company policies.
• Refer overdue/payable accounts to the line manager for follow-up, adjustments, write-off, and collections.
• Respond to client or payer account inquiries as required.
• Collect /Pay against receivables/payables on time without breaking relationships with debtors/creditors.
• Prepare and maintain Debtors/creditors database master files and contracts/agreements.
• Respond to Client/Vendor inquiries as required like telephone inquiries and written requests.
• Recording Financial transactions - expenses, Income, Cash, Bank, and Journal in accounting software in accordance with accounting standards.
• Reconciling accounts ledger (Cash, Bank, Debtors, and Creditors) in accounting software in accordance with accounting standard
• Physical verifying Inventory as per the Stock register and recording impact in the Financial Statement.
• Monthly generation of payroll and recording in accounting software.
• VAT and Excise duty calculation and return filling.
• Trial Balance adjustment with management consultation.
• In-house financial statement preparation (Balance sheet, Profit and loss account, Cash flow, and Schedule) and discussion with management for final approval.
• Participated in the annual company audit, and sorted out all the conflict queries raised by the external auditors.
• Preparation and e-filing of Income Tax Returns of Companies, Firms, and Individuals.
• Participated in Income Tax Cases and prepared evidence on the base of the checklist.