CHIEF ACCOUNTANT
GIFTS VILLAGE TRADING LLC
Total years of experience :13 years, 6 Months
Accounting entries for daily sales & expenses of the company.
•Entering of purchase invoices & deals with the credit to the suppliers.
•Prepare journal entries and maintains appropriate accounting records.
•Preparation & supervision of 6 Branch staffs salary before its transfer.
•Making Salary Transfer File (S I F) as per U.A.E labour law.
•Preparation of Gratuity & final settlement of staffs.
•Verifying staffs loans and advances and deduction as per direction.
•Entries regarding transactions between company branches.
•Preparation and Submission of Profit & Loss statements and periodic reports to the Management for Information and analysis.
•Computerized as well as manual preparation of financial statements.
•Monitoring & controlling of bank balance.
•Preparing letters to Banks & such related entities.
•Coordinate with respective departments to ensure accurate and timely consolidation of Finance Department reporting needs.
•Monitoring cheques and cash deposits in bank.
•Review accuracy and adequacy of supporting information prior to processing the Invoice Payment.
•Payments Releasing (Cash & Checks).
•Updating the Payment Report department wise -Weekly and Monthly.
•Maintains and balances subsidiary accounts by verifying, allocating, posting, reconciling transactions; resolving discrepancies.
•Bank reconciliation and reconciliation of Intercompany balances on a periodic basis.
•Assist with preparation of the year end closing and audit process.
•Frequent checking & payments of Utility Bills.
•Other ad-hoc tasks as instructed by line manager.
• Entering of sales invoices after verifying its accuracy.
• Monitoring collections from customers on daily basis from all offices.
• Posting receipts to the accounting system.
• Posting of Purchase invoices from foreign suppliers & making payments internationally, after analyzing currency exchange rates.
• Responsible for cash and cheque handling.
• Preparing receipts for customers and generating customer statements.
• Depositing cash and cheques in bank accounts.
• Consolidating receipts from customers on daily basis.
• Customer account reconciliation.
• Coordinate shipping with customs agents for clearance on overseas deliveries.
• Research, verify and analyze returns, proof of delivery, shortages and allowances with Customer Service, Shipping, and Salesmen.
• Compute international fees for each shipment, and keep track of shipment payments and quotas.
• Accounting Clerical duties such as filing, making collection phone calls and sending out past due correspondence.
• Assist with month-end and year closings and audit process.