Accountant
Bafco Trading LLC
Total years of experience :4 years, 8 Months
Accounts receivable and Accounts payable duties:
o Managing the day to day collection of receivables and payable
o Client and supplier accounts reconciliation
o Ageing of accounts receivables and accounts payable
General and other accounting tasks:
o Assisting the CFO on the budget analysis; analysis of variances between actual and budget for monthly review meetings
o Daily monitoring of cash flow
o Liaise with the company's banks for loan, and other bank facilities and transactions
o Assisting the CFO in providing reports and schedules for bank proposals such as loan application and/or restructuring
o Preparation of Letter of Credits for foreign suppliers and monitoring of Loan on Trust Receipts for monthly payments
o Handling rent and insurance portfolio (from renewal to payment)
o Managing inter-company billings and performing bank and other accounts reconciliation
o Monitoring and booking of accruals, expense allocations, and performed general ledger account analysis as part of the month-end closing
o Carrying out month-end closing tasks and trial balance analysis; preparing and entering adjusting entries as needed
o Monthly preparation and analysis of Profit and Loss Statement, Statement of Financial Position, and Statement of Cash Flows
o Preparing monthly management reports for submission to top management
o Assist in year-end inventory and reconciliation of variances
o Gathering and organizing schedules for year-end audit; finalize assigned tasks for the timely completion of audit
Payroll Accounting Duties:
o Checking and verification of payroll calculation from HR
o Variance analysis of monthly payroll
o Uploading of payroll as per UAE regulation (WPS) for payment
o Monitoring and payment of employee leave salaries, loan applications, final settlements, and other hr-related dues
o Monitoring employees’ loans and cash advances due to and/or from the company
Inventory and Project Planning Duties:
o Assist supervisor in carrying out the MRP (material requirements planning);
o Preparation of project review for each client;
o Monitoring of inventory;
o Coordinating with the sales and purchasing team the availability of materials and products, and the estimated time of arrival of stocks;
o Liaise with manufacturing and warehousing team for the projects and there completion dates
Accounts Payable Duties:
o Perform the day to day processing of Accounts payable transactions
o Receive and verify invoices and requisitions for goods and services and prepare invoices for data entry
o Prepare manual checks for payment as and when required and list all vendor checks in the log book
o Setting up of new vendors and item codes
o Verify pay amounts, hours of work, deductions, etc. and calculate salaries and benefits
Accounts Receivable Duties:
o Posting of Accounts receivable data in the respective franchisees’ ledger
o Monitor and update fund ledgers of franchisees and retail stores
o Processing of invoices and billing statements of customers and/or franchisees
o Update ageing of accounts receivables
o Summarize sales
o Verify and monitor cash advances, and process cash advance liquidation
Other Accounting Duties:
o Prepare weekly collection report, monthly sales report, and monthly financial statement
o Prepare and monitor necessary journal and reversal entries
o Monthly inventory of raw materials, supplies, and finished products; update of inventory report and costing
o Computes taxes and payments due to Bureau of Internal Revenue (BIR); and prepare necessary BIR forms
o Prepare reconciliation with the affiliate company
o Maintain a filing system for the financial documents
o Other accounting related tasks
I am tasks to:
- check the reliability of payroll account
- check the accuracy of the entries in the New Government Accounting System (NGA)
- assist in the inventory of assets
- file documents
I have been under the National Scholarship Program from my first year in the university until graduation.
I have been under the National Scholarship Program from my first year in the university until graduation.
