Payable Accountant
Peace World Group of Companies ( O2 Pharmacy)
Total years of experience :13 years, 8 Months
• Prioritize invoices according to cash discount potential and payment terms
• Prioritize invoices according to cash discount potential and payment terms
• Review all invoices for appropriate documentation and approval prior to payment
• Reconcile vendor statements, research and correct discrepancies (e.g. errors in quantities, amount, address, etc)
• Process payment on timely basis as per service level agreements defined.
• Weekly review of the AP aging listing to determine appropriate follow up actions
• Respond to all vendor inquiries
• Follow up on and resolve unreconciled items on timely basis
• Reconcile processed work by verifying entries and comparing system reports to balances.
• Maintain files and documentation thoroughly and accurately, in accordance with company policy and accepted accounting practices.
• Updating the supplier master data viz. payment terms, volume discounts & Periodic Rebates in order to be more accurate every time.
• Negotiating with new vendors / Supplier along with the group financial controller & purchase department in order to negotiate better pricing & asking vendors to match the lower prices offered to our competitors & for volume discounts.
• Protect organization's value by keeping information confidential.
• Passing all the accounting entries related to banks/cash/journal vouchers.
• Preparing GRN/ LPO - invoices/Debit - Credit notes and handling all finance related documents.
• PDC & Cash Management.
• Daily scanning of work done along with supporting viz bank statement, purchase. sales doc etc. into application called Finedocs.
• Reconciliation and matching all the accounting records with counterparts like banks/customers/suppliers/agents etc.
• Monitoring Accounts Receivable / Payable.
• To assess the performance of the Unit on weekly basis.
• To control the cash flow and give requirement of cash to Group Finance planning team on daily basis.
• Inter-company accounts management.
• To evaluate the feasibility of existing purchase contract/ sales contract.
• Inventory control management.
• To prepare the financial statements up to finalization.
• Handling all the escalations for smooth process flow.
• To evaluate the feasibility of the plant.
• To analyse the productivity and improve the output with efficient use of Manpower.
• Planning of Cash arrangement for procurement of raw materials and plant maintenance.
• Handling Receivable management with motive to receive the funds within the payment term.
• Depreciation & Inventory Management.
• Maintaining Fixed Asset & Capital investment Schedule.
• Monitoring Production cost for every single heat.
• Analyses the income & expense statement and finalize the balance sheet.
• Daily reporting to Managing director regarding day to day activities viz. production, purchase & sales.
• Monitor accurate and timely processing of the invoices scanned into the system.
• Performing month end closing activities like 2303 open items and Quality checks.
• Communicated with clients over the phone on resolving issues pertaining to processing of invoices.
• Entered all invoices for payment into the accounting system (SAP and SWANi)
• Processed all OB10 as well as normal invoices
• Maintained daily Invoice processing counts.
• Perform all critical tasks as per timeline.
• Recognized by certificate of excellence twice in college. • Chess champion for consistently two years in college.