Accounts Receivable
International Royal Bakery (A subsidiary company of NFPC Group)
Total years of experience :17 years, 2 Months
Accounts Receivable, General Ledger, Accounts Payable and Inventory
Key Achievements:
•Successfully managing daily branch accounting operations of Abu Dhabi.
•Increased sales volume by 15% by providing periodic sales reports to sales team which result in optimized delivery and effective visits to customers.
•Reduced sales return / expiry from 25% to 15% through implementing strict counter checking and periodic reporting to ensure compliance to company return policies.
•Meeting collection of account receivables near to 100% through continuous follow-up with customers and collection team by providing them all supporting documents and reports.
•Ensured accuracy in month end closing within given deadlines to project clear and accurate financial picture to the management.
Verification of Accounts Payable Cases
•Vendor payments (verification of suppliers and contractor’s invoices, IPCs, BOQs, advances and deductions as per contract agreement and company’s accounts policy.
•Payment verification to joint venture partners as per agreement.
•Verification of vendor bills, advances, retention money and adjustments of advances.
•Checking and verification of Interim Payment Certificates and Escalation Payment certificates.
•Record management of payments cases.
•Handling Loan Payments.
•Maintenance of Budget for joint venture projects and all departments of DHA.
•Budget Maintenance, Re appropriation and updating.
•Maintaining accounting records in financial software
•Voucher Posting in Sidat Hyder Financials™.
•Reports generation from financial system as per requirements.
•Coordination with auditors
•Assisting auditors in audit process.
•Providing required information and documents when required.
•Making proposed audit adjustments.
•Bank reconciliation statement checking and adjustments.
•Calculation of Tax deduction on all payments
•Payroll management of employees
•Increments
•Loans
•Employees deductions
•Arrear and allowances
•Coordination and follow up with vendors to ensure timely payments.
•Leading team of three people who support me to run the above mentioned operations
Entry of Journal Vouchers & Payment Vouchers into financial system and filing.
•Preparation of monthly bank reconciliations of payment and receipt accounts.
•Preparation of monthly accounts payable reconciliations of Suppliers & Construction Companies
•Preparation of monthly accounts receivable reconciliation of subsidiary projects.
•Handling of Petty Cash
•Drafting bank and other company related letters
•Maintenance of personnel files, leave records and inductions
•Preparation of presentations for monthly meetings of management.
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