Assistant Manager - Accounts & Finance
EUR Service (BD) Ltd.
Total years of experience :9 years, 6 Months
Duties/Responsibilities:
• Prepare various types of Budgets and provide information by Variance analysis of other management reports.
• Process for payment to take approval from management.
• Posting & preparing all payments & receiving vouchers in ERP.
• Checking & Overviewing cash book, bank book, subsidiary ledger of bills receivable and bills payable to keep records of day to day expenditures and receiving’s on daily basis.
• Prepare transaction vouchers and collect all the documents supporting the transactions.
• Reconcile fund inflow position & bank balance on daily basis.
• Prepare the statement of account & reconcile receivable & payable party (Local & Foreign client) dues after receiving & paying on a daily basis.
• Prepare & Monitor Receivables & Payable chart & Ageing according to the cutoff date.
• Constantly contact with Receivables & Payable parties to dissolve receive and payment issues.
• Prepare monthly, quarterly and yearly financial reports including Financial Position, Profit and Loss Accounts, and Cashflow
• Statement and Statement of changes in shareholders.
• Prepare Quarterly & yearly performance reports comparing past periods & standards as a presentation to management.
• Monitoring cost & profitability statements and distributing management with a presentation.
• Preparing and filing various returns i.e. Income tax, VAT and other company affairs in Bangladesh like Annual Tax returns, Withholding Tax Return, Monthly VAT return, RJSC Annual return - Form X etc.
• Deduct or collect TDS & VDS on party payment or Receipts and pay to Government Treasury
• Account through Challan and Issuing Certificates & Mushak challan for Source Tax & VAT deduction to parties.
• To monitor RJSC issues and settle their issues on a timely basis.
• Prepare notice and minutes of AGM & board meetings.
• Ensuring adequate internal control and facilitating external audit.
• Renew and coordinate with BAFFA, DCC and other organizations membership.
• Monitor employee performance on the basis of company policy.
• Calculation of Source Tax on salary & deposit it to appropriate Govt. Revenue A/C Code.
• Draft Performance Bonus workings & present it to Management for approval.
• Plan and evaluate all accounting procedures and policies to ensure transactions are efficient/ effective, accounting is accurate and complete in a software-based environment.
• Manage overall accounting activities &operations including payables, receivables, monthly reconciliation, Project finances for long term investments and future projects of the company.
• Prepare all financial statements monthly financial statements, monthly closings, monthly accounts payable, accounts receivable, monthly cash flow statements, etc.
• Prepare & present monthly, quarterly and annual reports, recommended improvements in organizations accounting and management practices.
• Assist the upper management with the formulation of annual & other budgets by providing information regarding preparing various types of Budget and providing variance analysis according to standard & budget.
• Prepare year-end schedules for audit and support external auditor for audit procedures & supporting’s related compliance.
• Assisting in tax-related issues and compliance with IFRS/IAS, SEC laws, Companies Act and other regulations.
• Evaluate & conduct all the processes concerning Tax & VAT deduction & submission required return according to applicable country law and Issuing Certificates for Source Tax deduction to party & others.
• Payroll management including Salary sheet checking by adjusting additions & deductions on salary, TDS on salary calculation, deduction & submit to Govt. Revenue A/c.
• Maintain Accounts, Finance, Cash Management, and Commercial related activities.
• Preparation and providing information regarding preparing various types of Budget and Variance analysis.
• Prepare all payment & receiving vouchers, posting to register (software-based) and take approval from management.
• Maintain cash book, bank book, the subsidiary ledger of bills receivable and bills payable to keep records of day to day expenditures and closing cash book on a daily basis.
• Reconcile fund inflow party balance & bank balance on a monthly basis.
• Prepare & Monitor Receivables & Payable chart & Ageing according to the cutoff date.
• Prepare monthly, quarterly and yearly financial reports including Financial Position, Profit and Loss Accounts, Cash flow Statement and Statement of changes in shareholders.
• Prepare Monthly ratio analysis and variance analysis with an explanation for variance from Budget.
• Constantly contact with Receivables & Payable to dissolve the payments.
• Prepare Quarterly & yearly performance report comparing past period & standard as a presentation to management.
• Prepare transaction vouchers and collecting all the documents in supporting the transactions.
• Preparing and filing various returns i.e. Income tax, VAT and other company affairs in Bangladesh.
• Ensuring adequate internal control and facilitating both internal & external audits.
• Renew and coordinate with Government & Non-government registration & renewal of license or membership.
• Monitoring cost and profitability statement.
• Maintain employee information, attendance, payroll management, and monitor employees' performance on the basis of company policy.
● Budget preparation, Financial forecasting&Interpreting financial data
- Periodical Financial Budget, Cost Analysis Report and Other Management Report.
- Computing financial ratios by analyzing monthly and yearly financial statements, Balance sheet, cash flow statement, aged receivables/ payables listing periodically.
● Management of accounts, internal audit & accounting services:
- Analysis of the financial statements.
- Preparation of voucher, general Ledger, trial balance and financial statement from raw data.
- Preparation of annual, half-yearly, quarterly and monthly financial statements.
- Analysis of bank credit and debit balance.
- Preparation of effective chart of account.
- Reconciliation of different principal account & balance.
- Preparation and analysis of payroll.
- Monitoring and controlling the stock and fixed assets.
- Preparation of management report.
- Preparation of annual budget of the companies.
- Dealing capability with the external auditor.
● Direct tax services&tax reporting:
- Review of the payroll structure of the company and make a recommendation on payroll processing allowing optimum Tax benefit.
- Preparation of annual return U/S 108 of the income tax ordinance 1984 for salary and allowance.
- Preparation of return of income of the company and filling of the same within the stipulated time.
- Preparation of necessary schedule for filling with the income tax authority.
- Compliance of audit on withholding income tax and advice on withholding income tax.
- Assisting on deduction and deposit of withholding income tax.
- Preparation of challan and deposit of challan to govt. Authority within the stipulated time.
- Obtaining a TIN certificate.
- Review of the assessment order.
- Computation of total income and tax liability of the assessee.
● Value Added Tax services:
- Compliance audit on withholding VAT and advice on withholding VAT.
- Filling of monthly VAT returns to the concern VAT authority.
- Audit of books of accounts for VAT.
- Preparation of challan and deposit to Govt. Authority within the stipulated time.
- Obtaining and changing of the VAT registration certificate.
● Company secretarial & commercial services:
- Compliance audit on company secretarial services.
- Preparation of annual return.
- Preparation of notice and minutes of AGM & board meeting.
- Encashment of share capital.
- Appointment and reappointment directors.
- Assisting in drafting a memorandum of association and article of association.
- Obtaining and renewal of trade license.
- Obtaining & renewal of IRC, ERC.
- Preparing Feasibility analysis as per the instruction from Bangladesh Bank.