Ellen Joy Sumaoy Sumaoy

Working on analyzing business operations, trends, costs, revenues, financial commitments to project future revenues and expenses
Post and process journal entries to ensure all business transactions arerecorded
Preparation and submission of VAT returns
Accomplish reconciliation of accounts payable, receivable, payrolldistribution, fixed assets, cash and other ledger accounts
Manage day-to-day financial transactions of the company, issuing ofcheques and petty cash management

✔ Managing and monitoring the bank balances of all accounts and ensuring
sufficient funds are available to meet the ongoing operational requirements
✔ Executing fund transfers and other funding necessary to balance company’s daily
cash position
✔ Submit reports detailing the company’s weekly present financial position and
forecasting for the coming week
✔ Overseeing Fixed Deposits, Margin Deposits and other deposit accounts.
✔ Keeping track of bank statements for bank reconciliations and to circulate to
accountants for payments & receipts allocation
✔ Bank Guarantee application for all projects in Middle East, India & Far East,
Europe, Russia and Americas
✔ Coordinating with various departments for the monthly forecast of expenses
✔ Securing that all bank and guarantee charges, interest rates, overdraft rates are
as per the agreed terms in bank facilities
✔ Controlling petty cash fund issued to all projects.
✔ Processing payroll for all employees, calculating final settlements of
resigned/terminated employees, gratuity and leave salary calculation
✔ Salary payments via WPS (Wage Protection System) & normal salary transfers.
✔ Payment preparation to suppliers thru issuance of CDC, PDC, online transfers,
trust receipts & letter of credit.
✔ Reconciliation of supplier’s account, customer’s account and other general ledger
accounts for the internal and external audit schedules
✔ Monthly preparation and submission of VAT

✓ Coordinates to all departments for necessary payables and prepares vouchers for cheque issuance to all suppliers.
✓ Monitors petty cash issuances.
✓ Monthly filing for Tax Withheld to Tax Authority
✓ Prepares weekly budget allocation to all payments
✓ Monthly filing of VAT remittance to Tax Authority
✓ Reconciling banks and preparing of monthly audit reports.

Segregate bills according to their forms and value, from newest to oldest
✓ Check manually for the counterfeits.
✓ Prepare for the bills that will be returned to Bangko Sentral ng Pilipinas for
replacement.