Accounts Receivable & Payable Accountant
Al Falah Holding
Total years of experience :13 years, 10 Months
Accounts Receivable & Payable Accountant
Al Falah Holding (Jun 2016 to Up to date)
Manufacturing, Construction
Al Falah Holding is a diversified organization with the vision to achieve sustainable profitable growth while contributing to the development of the United Arab Emirates (UAE), GCC Countries and MENA region. Since its incorporation, the company has expanded into core sectors of the economy including Industrial Production & Manufacturing, Construction, Transportations & Logistics, Healthcare, Education, Real Estate, Information Technology, General Trading and Safety & Security..
Managing Accounts Receivable (35-50 Million Monthly T/O)
Daily follow up with customers as per credit terms to timely collect the due payments
Reconciling customer statements
Verifying and sending monthly statements to customers on monthly basis
Conducting meetings with customers to solve all business related issues
Negotiating with customers to settle the overdue payments
Manage team to collect all the invoice copies and delivery notes from suppliers before end of month and verify to minimize any discrepancies with customers
Maintain a proper credit limit for customers as per customer ratings and company procedures
Preparing Aging reports and sending to top management on daily basis
Providing sales reports to higher managements for their reporting
Applying loans with banks through Bill discounting facility
Managing rejections and claims clarifying the details with customers
Reviewing and approving monthly customer invoices
Taking balance confirmation from customers for banks, legal and audit purpose
Bank reconciliation and bank status report
Preparation of payments.
Reviewing and approving all the payments.
Verifying payroll, leave settlements & end of service
Accounts Receivable & Payable Accountant
Al Mahara (May 2012 to Dec 2015)
Hospitality
Al mahara is a leading importer of diving and water sport equipment and a watersport center management company that have a lot of international and local experience in Hotel Watersport centre Management, EFR & safety courses to major oil & power industry across UAE & south east Asia along with PADI diving, lifeguard and swimming training, kayaking, boat rental, trip arrangement, equipment retailing and promoting marine conservation. As Al mahara have been in the diving industry for 15 years in United Arab Emirates and South East Asia. Al Mahara is the biggest dive & swimming training centre and biggest water sport centre in Abu Dhabi. They have branches in Emirates palace and Sir Bani Yas Island.
Managing accounts Receivable & Payable
Daily follow up with Customers as per credit terms to timely collect the due payments
Bank reconciliation and bank status report
Preparing Aging reports and sending to top management on daily basis
Reconciliation of supplier ledgers & Customer ledgers
Preparation of supplier’s payment.
Approving cash payment & cash receipt vouchers.
Approving quotations as per customer’s request.
Handling & monthly closing Petty cash accounts
Inventory reconciliation comparing with the physical count
Preparation daily and monthly expense reports
Preparation daily and monthly sales reports.
Bank reconciliation.
Preparation of various reports for management.
Accounts Receivable/Payable Accountant
Progressive Marketing (FFC Group) - (Feb 10 to Feb 12)
FMCG / Logistics
A 25 years old company which is mainly into Retail and wholesaling of Food items and prepaid phone card agent in Qatar with a monthly turnover of 30-50 million a month. They are one of the best dealers of many food items exported into the country, mainly being the frozen food items. The company also deals with the major telecom company Qatar Telecom and is one of their best dealers in the country. Under this group they have a retail division with 3 major hyper markets within Doha and has wholesale division covering most of the food items exported into Qatar.
Managing accounts payable and receivable (30-40 Million Monthly T/O)
Customer & Supplier Reconciliations
Customer payments Matching & allocation in Oracle ERP.
Preparation & dispatch of customer statement of accounts to customers.
Bank reconciliation.
Preparation of supplier’s payment.
Handling all daily cash payment & receipts.
Preparation & confirmation of daily cheque receipts and payments.
Preparation & accounting monthly Sales commission & incentives.
Preparation of reports for management.
Coordinate with credit recovery team & customers to maintain proper Receivable Management system.
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