Chief Accountant
Royal Home Real Estate
Total years of experience :15 years, 1 Months
• Handled monthly accounts of the company, G/L, A/R, A/P, Payroll etc.
• Maintained record in Tally ERP system for quick and accurate reporting,
• Prepared monthly Commission income report, showing details of Total Commission Earned, commission payable, commission paid report.
• Prepared monthly payroll for the salaried staff, admin or sales.
• Worked with banks, regarding checks deposits, transfer, cash withdrawals,
• Prepared monthly bank reconciliations
• Prepared monthly financial reports, income statement etc.
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• Handled accounts and finance department independently, supervised team of accounts professional.
• Handled and made verification of bills, to make sure that all bills are in accordance with customer’s LPO in terms of quantity, price, credit terms, mode of payment etc. Hence keeping the sales ledger updated.
• Prepared collection report for accounts receivables and did aging analysis, did follow ups for timely receipt of all outstanding bills.
• Handled and supervised all records of local purchases and imports, hence keeping the purchase register updated.
• Issued quotations, sales orders, delivery notes for proper delivery of orders.
• Prepared reconciliations of customers and vendors accounts, at the end of every month request was sent to every customer and vendor for statement of account, upon receipt of statements, all reconciliations were done, if any discrepancy found, it was rectified immediately, to ensure that company books are updated and reconciled with the customers/ vendors books of accounts.
• Coordinated with the bank for the corporate accounts maintenance, transfer of fund (TT) for import, check and cash deposits, transfer of monthly salaries, inward remittances confirmation, bank statement etc.
• Prepared remittances advices for all bank transfers, payments to suppliers showing details of payments made with details of invoice paid for.
• Handled and prepared Letter of Credit (L/C) for receipts of exports.
• Prepared monthly bank reconciliations, to check that all deposits, with drawls, transfers and inward remittances are reflected correctly in company books of accounts as well as bank books.
• Prepared cash flow forecast report on daily basis, to make sure that all issued PDCs that are due on the date are paid properly, no check return due to NSF (non-sufficient funds) was guaranteed.
• Managed all PDCs received, deposited the due PDCs to the bank account for timely clearance, in case of any dishonored check, quick follow up for recovery of amount by contacting the party by email, phone or personal visit of the client office.
• Managed the necessary funds for issued PDCs, by preparing daily cash flow forecast report.
• Prepared financial reports (Statement of income, Statement of Financial Position, Cash Flow Report, Statement of Changes in Equity) on the year end. All the reports were accompanied by the supporting schedules, like Bank Reconciliation, A/R aging analysis, A/P aging analysis, Depreciation schedule, Accruals ( Accrued salary report, Accrued utility bills, Accrued Rent, etc.) and all deferrals ( Prepaid insurance report, prepaid rent, in any)
• Prepared advances & loan to staff report on monthly basis, making sure that all loans and advances are adjusted against staff salaries as per company policy and procedures.
• Prepared monthly over time report (OT Report) of the production staff, made verification of overtime with time sheet prepared by the head of department.
• Coordinated with the HR department for the final settlement, annual leave due, leave salary, annual air tickets etc.
• Checked and verified petty cash, coordinated with MD for proper approval of petty cash. Three different petty cash were maintained for different departments (General Petty Cash, Import Petty Cash, and Petty Cash for Local Cash Purchases).
• Prepared and processed monthly payroll in compliance with WPS, transferred salaries after making necessary adjustment of loans and advances.
Project Costing and analysis:
• All costs and overheads were booked against the related projects, hence prepared the cost report for the project, for analysis of any profit gained or loss suffered from the project. Profit and loss for specific project was calculated, revenue was recognized under percentage of completion method.
Sub-contractors Accounts:
• Accounts of various sub-contractors were handled and managed for all their services and jobs done, making sure that all transactions are managed as per agreement between the company and sub-contractors.
• All bills received from sub-contractors were verified and posted in the system.
• Reports related to pending bill were prepared and sent to Finance Director for proper approval and making arrangements for timely payments without any unnecessary delays with credit period.
Suppliers Accounts:
• Handled the supplier’s accounts, received and booked bills in the system after due verification and confirmation of all details with local purchase order (LPO), quantity & price confirmation and credit terms.
• Prepared outstanding report on monthly basis, so that all payments were made on time, hence improving the credibility of the company.
Customers’ Accounts:
• Handled and raised invoices for the work done and certified by the consultant.
• Prepared aging analysis report for collection of due bills, followed ups the customers for collections.
Project wide analysis:
• Prepared various report like profit and loss account for the project, budget and actual variance analysis report, hence keeping control on costs and profits.
Banks and Bank Reconciliation:
• Handled bank transactions like deposit of cheques, transfers, and bank reconciliations on periodic basis.
Labor guarantees, Bid bond preparation, Fixed Term Deposits:
• Handled and controlled labor guarantee, bid bonds, and fixed term deposit. Coordinated with and followed up bank for issuance of these. Sent request to bank for any extension in bid bond, release of fixed term deposit or issue any labor guarantee.
Coordination with Finance Director in budgeting:
• Coordinated and assisted Finance Director in preparation of annual budget of the company.
Coordination with Head Office, Dublin Ireland:
• Coordinated with company head office for verification of intercompany accounts, funds etc.
• Monthly Closing and management Reports preparation:
• Did closing on monthly basis with all supporting schedules like fixed assets register depreciation schedule, amortization schedule, accruals and provisions etc.?
• Prepared financial reports for management.
Annual Audit and liaison with PWC auditors:
Worked with company auditors (P W C), provided the auditors all necessary details as demanded by them, responded to their queries if any.
Miscellaneous accounts and finance responsibilities.
Miscellaneous accounts and finance responsibilities.
Completed training in ERP-CRM, Prop Space
Completed training of Coins-ERP, Construction software, at John Sisk and Son Construction
Bachelor of Commerce- B.Com