FAHID MACHINCHERY

Key Result Areas:
Financial Management:
• Managed entire finance & accounts operations
• Performing full set of accounts and ensure timely closing of accounts
• Ensuring timely monthly consolidated financial statements, payments, cash flow management reporting for submission to management
• Preparing Schedules, passing entries related to Prepaid/Accrual Expenses and allocate on monthly basis.
• Reviewing and finalizing the monthly trial balance
• Fixed asset schedule with depreciation
• Preparing sales report by sales person wise



Accounts Payables:
• Approving all the accounts payable transaction, issuing cheques and validating the same in the system for posting &Verifying all the required parameters booked to ensure the proper and systematic accounting in System
• Preparing and reviewing the AP reports viz. includes Aging, Open Advance, Provisions, prepaid expenses from time to time to ensure smooth and timely process and sending follow up mails on same.
• Reviewing supplier invoices to ensure that all the information appearing on them is accurate and complete
• Resolving payment discrepancies and documentation; ensuring credit note is received for outstanding memos; issuing stop-payments or purchase order amendments
• Monitoring supplier payables aging to ensure smooth payment and manage as per company fund flow.
• Vat filing and payment of vat liability to FTA
• Reconciling monthly supplier statements, research & discrepancies corrections
Accounts Receivables:
• Managing &supervising the Accounts Receivable team and reporting to Finance Manager.
• Approving all the accounts receivable transaction and validating the same in the system for posting &Verifying all the required parameters booked to ensure the proper and systematic accounting in System.
• Preparing and reviewing the AR reports includes Aging, Open Advance, Provisions, prepaid expenses from time to time to ensure smooth and timely process and sending follow up mails on same.
• Export overdue reports daily and ensure smooth billing for customers
• Identify and posting unidentified money receipts and their allocations
• Reconcile customer ledger balances monthly wise and updating for collection department
Bank Reconciliations
• Reviewing and Validating monthly Bank Reconciliation Reports

Costing & Pricing:
• Performing product cost forecasts, cost tracking and controls
• Issuing product cost reports for review and approval
• Establishing and maintaining systems for cost-sensitivity analysis and early -warning of cost-overruns
• Consultatively working with the departments on cost-reduction measures
• Determining product pricing in relation to features offered and competitors

Payroll, Visa related activities, Logistic activities:
• Reviewing and approving salary as per WPS system
• Reviewing & approving final settlement for staff at the time of cancellation as per the UAE Labor Law
• Maintaining schedule for staff benefits such as gratuity and leave salary
• Process & follow visa related works
• Process & follow vehicle insurance and registration renewal
• Opening cheque return cases and following up in the Ministry of Justice online system.
• Ensure smooth process in logistic activities such as DAFZ clearance, JAFZ clearance, Export & import shipments

• Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions.
• Establish, maintain, and coordinate the implementation of accounting and accounting control procedures.
• Recording Financial Transactions Manually & Computerized (Receipt & Payment Voucher, Purchase & Sale Invoices, LPO & Quotations and All Journal Vouchers)
• Post all Journal entries in Peachtree Accounting.
• Prepare Petty cash statement.
• Managing Bank Activities (Daily Bank statement, PDC statement, L.C, Bank Purchase and Reconciliation)
• Handling Account Payables & Receivables.
• Explain billing invoices and accounting policies to staff, vendors and clients.
• Finalisation of Trial balance & Balance sheet/Profit & Loss on monthly basis, quarterly basis & annual basis
• Interact with internal and external auditors in completing audits.

Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions
Recording Financial Transactions Manually & Computerized (Receipt & Payment Voucher, Purchase & Sale Invoices, LPO & Quotations and All Journal Vouchers

• Handled accounts and financial records for an educational institution.

• Delivered Computerized Accounting curriculum to students, covering Tally and related accounting software.