Accountant / Administrator
A Leading Construction Company
مجموع سنوات الخبرة :28 years, 11 أشهر
• Checking and verifying petty cash (Site) bills, summary and prepare JV for the same.
• Implementation of Accounting software Quickbooks online in line with business needs.
• Handle Accounts Payable function and ensure that Vendor/Supplier Payments are made accurately and timely.
• Preparation of Bank Reconciliation statements
• Booking Journal Voucher in the accounting system and make sure all JV have been booked in correct accounts.
• Preparation of Project cost and revenue summary
• Preparation of Monthly Payroll for Head office, Site labor and Saudi employees.
• Preparation of VAT Sales invoice for Clients
• Record and keep update VAT invoice and make summary for Input & output tax for VAT return filling.
• Monthly closing of Accounts and preparation of Balance sheet, Profit and loss a/c and Cash Flow.
• Preparation of annual audit schedules and get audited of annual accounts.
• Keep record and update daily attendance in excel file for Payroll purpose.
• Perform administrative task as and when required by management.
• Checking and verifying bank payment vouchers.
• Handle Accounts Payable function and ensure that Vendor/Supplier Payments are made accurately and timely.
• Preparation of Bank Reconciliation statements
• Booking Journal Voucher in the accounting system and make sure all JV have been booked in correct accounts.
• Preparation of Monthly Payroll.
• Monthly Analysis of Profit and Loss account.
• Monthly closing of Accounts and preparation of Balance sheet, Profit and loss a/c and Cash Flow.
• Preparation of annual audit schedules and get audited of annual accounts.
• Preparation of weekly Recovery Report of all business for CEO review.
• Dealing with all the tax matters (Submission of Quarterly withholding tax statement u/s 165, withholding tax audit, submission of monthly sales tax return, payments of advance tax u/s 147, Submission of income tax return u/s 114 in consultation with tax advisor.
• Supervise and train Junior staff.
• Supervising of Accounting Department.
• Control of the Accounting System and highlighting its drawbacks including suggestions for improvements.
• Preparation of Financial Statement for KSA, & Lebanon.
• Preparation of Project Budget and monthly analysis of variance.
• Checking & Disbursement of suppliers payment as per aging schedule.
• Monitoring, Disbursement of Staff Payroll & perk.
• Monitoring and reconciling of bank accounts.
• Tracking & follow up of accounts receivable for all project.
• Monitoring & checking of payment made by cash and petty cash for KSA & Lebanon.
• Preparation and submission of monthly Invoice to all clients for KSA & Lebanon.
• Managing entire unit in computerized environment.
• To lead the efficient and successful VAT implementation within the Company, Maintain VAT Accounts, Compliance VAT and Filing VAT Return.
Working as a Chief Accountant in Karim Containers (Pvt) Ltd. Manufacturer of Plastic items, significant responsibilities are:
• Monthly Budgeting and its breakdown into weekly budgeting and control of finance, including suggestions.
• Daily updating of bank position and its utilization, and planning for payments on weekly basis ( one week payments are approx 10.5 to 20.5 m)
• Control of the Manual Accounting System and highlighting its drawbacks including suggestions for improvements.
• Monthly Tax deductions (Sales and Income Tax) and deposits into Government Treasury
• Opening/Amending L/Cs for imports, and keeping a track of the imported materials, and avoiding interest expense, including payment of duty and other ancillary payments. Monthly two to three L/Cs.
• Controlling receivables and its recoveries including its proper utilization.
• Monthly Trial Balance, Profit & Loss Statement, and Analysis of Costs, Revenues and Profits.
• Daily Reporting to the Managing Director on all the above.
• Highlighting and suggesting for manufacturing processes, e.g. related to issuance, consumption and record keeping of raw material.
• Working with 03 subordinate and support them in all manner of Accounts/ Finance.
Preparation of all Journal vouchers required in order to close monthly accounts.
· Reviews all Purchase invoices for payment, Verifies compliance to purchasing, receiving, contractual terms, G/L coding etc,
· Check and sign payments in accordance with established procedures.
· To analysis P&L variance and write comment there on.
· Reconcile the trial balance on monthly basis.
· Ensure that all revenue and expenditure are properly recorded in the general ledger.
· Responsible for the monthly closing of the accounts and Preparation of Financial Statements (Balance sheet, Profit and Loss account, Cash flow statement, Statement changes in equity and Accounts Notes) for Director Review.
· Ensure that the accounting records are maintained fairly and according to the IFRS
· Maintain the General Ledger Master Data and ensure adequacy of presentation for maximum transparency in an efficient manner.
· Manage & preparation of the audit schedules for annual Audit.
· Submission of monthly Sales Tax return by E-Filling, Get audited of sales tax and monitoring other sales tax related matters.
· Monitoring for submission of E-Filling of monthly Statement for Salary and Supplier.
.• Preparation of the management accounts and the financial statements for review to Director.
• Check the accounting record and preparation of Tax Statement
• Preparation and maintenance of books of accounts
• Checking and arrangement of monthly salary for 500 Employees
• Preparation of Bank reconciliation for all banks
• Maintain and update fund position on daily basis
• Aging analysis for Accounts Payable
.• To report the Chief Executive Officer directly the financial status of the Company and assist the CEO in the financial decision-making.
• To maintain financial records and monitor system of bookkeeping and preparation of periodical management reports.
• To devise the appropriate internal controls and accounting policies independently in the company and safeguard the company’s interest and assets.
• To independently plan, organize and manage timely preparation of financial statements, Income Tax Returns and Company annual return (Form A and Form 29) and others statutory laws applicable, and related activities such as coordination for statutory & annual audit by Messer Hashmi & Co. Chartered Accountants.
• To report to Director the financial status of the agency and assist them in decision-making.
• to maintain financial records and monitor system of bookkeeping and preparation of periodical management reports.
• To deal with H.O. Tax manager in concern with Income tax matters.
• To perform letter drafting as required by Director and for other government Department.
• To Prepare Debtors and Creditor report for director review.
• To report the Chief Accountant financial status of the company and assist them in the financial decision-making.
• To maintain financial records and monitor system of bookkeeping and preparation of periodical management reports. (Financial Statement)
• To Prepare monthly W.H. Tax Statement
• To supervise junior staff and checking all vouchers fed by him
• To Prepare Bank reconciliation statement
• To maintain Manual General Ledger, Factory fund Statement.
• To Prepare Trial balance for Finance Manager.
• To Prepare Head Office Payroll and Bank.
• To Prepare monthly bank statement
• To Prepare monthly W.H.Tax statement.
• To Assist Finance Manager in preparation of financial statement..
CIPFA is the only professional accountancy body in the world exclusively dedicated to public finance.
A Professional Accounting body member of International Federation of Accountants (IFAC-USA) and Esteblished by Institute of Chartered Accountants of Pakistan, Institute of Cost & Management Accountants of Pakistan and Auditor Genereal of Pakistan.