Accounting Manager / VAT Compliance officer
MIE Group
Total years of experience :23 years, 6 Months
• Validates & prepares profit and loss statements, balance sheet, cash flows, bank reconciliation and Sales Analysis using SAP Business One professional accounting software (Accounting, Logistics & CRM).
• Prepare and validate the sales &commissions for salesmen monthly.
• Prepare & analyse everyday statement of accounts for Customers.
• Prepare & monitor aging of AR & AP every month.
• Review general ledger monthly to ensure accuracy of posting.
• Daily monitoring of Bank balance & transactions including the issuing of cheques to suppliers.
• Prepare and validate the sales &commissions for all salesmen monthly.
• Prepare & analyse weekly statement of accounts for Customers.
• Prepare & monitor weekly aging of AR & AP.
• Prepare & analyse weekly sales per item, salesman and ratio analysis for management report.
• Monitors and review accounting and related system reports for accuracy and completeness.
• Perform accounting functions as assigned including, but not limited to book, reconcile and report in-force premium, direct written premium and loss fund balance, accrual, cash, cash applied to A/R, bad debt allowance.
• Analyses and reconciles specified accounts from Financial Statements.
• Develop and maintain accounting policies, procedures and controls in accordance with sound accounting principles, applicable regulations and laws. Assists in preparation of monthly management report and accompanying schedules, worksheets and narratives, including “Budget vs. Actual” variance reports.
• Assist with annual external audit including requested materials and preparing assigned schedules for the annual and interim audit.
• Conform with and abide by all regulatory guidance and internal policies & procedures.
• Develop and maintain accounting policies, procedures and controls in accordance with sound accounting principles, applicable regulations and laws. Assists in preparation of monthly management report and accompanying schedules, worksheets and narratives, including “Budget vs. Actual” variance reports. Assist in providing follow-up and documentation of significant variances.
• Assist with annual external audit including requested materials and preparing assigned schedules for the annual and interim audit.
• Assist with testing and receive final approval for system reports required for management, financial reporting and general ledger reconciliations.
• Conform with and abide by all regulatory guidance and internal policies & procedures.
Management Consultancies is part of the Mayur Batra Group that was founded in the year 2002 in India and over the period, the group has developed as a reputed audit, accounting and advisory firm. Mayur Batra Group’s current clientele include around 60+ fortune 500 companies.
Prepare supporting schedules for specific general ledger accounts. Analyses and reconciles specified balance sheet accounts
•Develop and maintain accounting policies, procedures and controls in accordance with sound accounting principles, applicable regulations and laws. Assists in preparation of monthly management report and accompanying schedules, worksheets and narratives, including “Budget vs. Actual” variance reports. Assist in providing follow-up and documentation of significant variances.
•Assist with annual external audit including requested materials and preparing assigned schedules for the annual and interim audit.
•Assist with testing and receive final approval for system reports required for management, financial reporting and general ledger reconciliations.
•Conform with and abide by all regulatory guidance and internal policies & procedures.
Responsible for the full spectrum of accounting activities, timely financial and management reporting, preparation of financial analysis, cash flow forecast, budgeting, review internal control systems and ensure compliance with financial policies and procedures.
•Compile and analyse financial information to prepare entries to accounts, such as general ledger accounts and document business transactions.
•Analyse revenue and expenditure trends and recommends appropriate budget levels and ensures expenditure control.
•Resolve accounting discrepancies.
Oversee the daily accounting activities required to maintain the general ledger.
•Supervise, direct, and review the work of the accounting staff (including, but not limited to, cash reconciliations, trust account statement reconciliations, check runs, accounts receivable transactions, fixed asset activity, payroll, accounts payable transactions, debt activity, recording of revenue and expenses, etc.).
•Cash management (including placement/movement of funds in various trusts).
•Maintain organized set of detailed records and files to document financial transactions.
•Resolve complex accounting issues or assists other Authority personnel in resolving financial issues.
•Review general ledger monthly to ensure accuracy of posting.
•Produce financial reports for monthly board meetings.
•Coordinate monthly, quarterly, and annual closing activities.
•Produce quarterly and annual financial statements and ad hoc financial reports.
•Make and implement recommendations to improve accounting processes and procedures.
Administer and monitor the financial system to ensure that the finances are maintained in an accurate and timely manner.
•Maintain the accounts payable and accounts receivable systems to ensure complete and accurate records of all moneys.
•Administer employee files and record to ensure accurate payment of benefits and allowances.
•Administer the bi-weekly payroll to ensure that employees are paid in an accurate and timely manner.
•Handle cash flow and petty cash ensure that all transactions are recorded clearly.
•Provide efficient and effective office management.
Oversee and reconcile daily banking activities and cash applications.
•Perform Accounts Receivable and Account Payable functions including generating aging reports, posting of payments to customer accounts, invoicing and processing checks and electronic payments.
•Assist with month end closing procedures and financial statement preparation.
•Prepare Income Tax, Sales Tax, and Payroll Tax Returns as well as SSS and Philhealth payments.
•Prepare, analyse and communicate monthly and annual forecasts.
•Process monthly journal entries and maintain journal entry log with all supporting documentation.
Process all bills for payment ensuring the due date is achieved.
•Perform monthly / quarterly computation of incentives.
•Ensure the liquidation of cash advances is timely done by concerned personnel.
•Review validity of requested disbursements and that appropriate levels of authority are followed.
•Prepare and validate Certificate of Withholding Tax quarterly.
•Prepare employees monthly remittances - SSS, Phil Health, VAT
•Monitor actual revenue performance of Account Managers.
•Control and compute monthly incentives of Account Managers.
•Validate and compute out-payment certification of re-file outbound traffic per month.
•Ascertain proper booking of AR revenue validates and check with the Diver System reports.
•Consolidate monthly FS report.
•Handle traffic monitoring for Local Exchange Carrier (LEC).
•Validate revenue sharing with Corporate & Major Unit.
Disburse checks to vendors and customers, and reconciled statements
•Assist in effective cash management and the collection of money
•Reconcile balance sheet accounts and clearing accounts daily
•Liaise with purchasing department/centre managers to resolve inventory discrepancies
•Ensure accuracy in performing general ledger entries, monthly bank reconciliation, bank deposits preparation
•Oversee all sales orders, invoicing, and year-end inventory entries/counts.
courses: Certificate of Completion – SAP FICO ECC6 Training Course 2014 National Academy of Info Systems (approved by KHDA