Senior Manager Accounts
JOHNNY AND JUGNU
Total years of experience :8 years, 6 Months
Johnny and Jugnu is a fast-food restaurant chain with 9 outlets across Pakistan. I was responsible for heading the following tasks:
Accounts Payable:
Leading the Accounts payable team ensuring weekly and monthly closing.
Approving purchase vouchers ensuing payables are being recorded after three-way matching.
Reconciling vendor ledgers on quarterly basis.
Ensuring all accruals are recorded on monthly basis and closing the GL in ERP.
Preparing weekly and monthly reports and sharing them with senior management on a specified format.
Accounts Receivable:
Leading Accounts receivable team and ensuring weekly and monthly closing.
Ensuring all accruals of sales are being made on time.
Ensuring receipts from customers as per agreed credit terms and approving receipt vouchers as per agreed
SOPs.
Making credit card reconciliation for sales as per company records and settlements reports & keeping a master
sheet of reconciliations.
Reconciliation of sales with food delivery platforms (Foodpanda & Cheetay) and company records and ensuring
all transactions are accounted for and compensations for canceled and waste orders are being given as per
agreed terms by formally raising disputes on a weekly basis.
Treasury:
Heading the treasury department ensuring all receipts and payments are accounted for in ERP.
Approving payment vouchers ensuring vendor payments as per agreed credit terms and method methods
(Cheque, pay order, Online bank transfer or Cash).
Keeping proper records of cash and bank payments and receipt vouchers and ensuring proper documentation
of supporting evidence and approvals.
Preparing bank reconciliation statements on a weekly basis.
Receiving daily closing of sales from branches on a specific format showing each category of sale separately
with signatures of branch Lead. (Cash, Credit Card, Employee Tabs, Home Delivery etc.)
Preparing cash and bank reports on a daily, weekly, and monthly basis.
Other Responsibilities:
Managing team of 8 persons in accounts department.
Reporting weekly reports for all departments. i.e. Accounts payable, Accounts receivables, Treasury and other
ad-hoc reports.
Preparing monthly budget and actualizing the budget at the end of the month and identifying reason of variance
and improving the variance for future.
Developing and updating Standard Operating Procedures (SOPs) for payment processes, ensuring smooth
operations and adherence to financial guidelines.
Salsoft Technologies is one of the leading IT companies in Pakistan With two decades of experience having offices in the US, UK, UAE, China, and Pakistan. Besides IT, Hardware and Packaging units are also integral parts of Salsoft. During my 2 years of stay, I was responsible for following tasks of Packaging unit of Salsoft:
Prepare and submit accurate monthly financial statements and reports to senior management, including
a comprehensive comparison of the last 6 months and estimates, providing valuable insights for decisionmaking.
Develop project-wise budgeted costs at the beginning of each project, considering market rates and
negotiating vendor bills to align with our estimates, resulting in cost savings and improved profitability.
Actualize the budgeted GP and compare it with the budget, ensuring accurate financial analysis and
identifying areas for improvement.
Verify vendor bills and proactively negotiate discounts when applicable, effectively managing accounts payable
and optimizing cash flow.
Manage accounts receivable, closely monitoring payments received and preparing weekly reports, ensuring
timely collection and minimizing outstanding balances.
E-file monthly federal and provincial VAT returns, ensuring compliance with tax laws and regulations.
Efficiently manage banking portals, overseeing transactions, reconciling accounts, and maintaining accurate
records.
Effectively manage petty cash, ensuring proper documentation and adherence to company policies and
procedures.
Prepare daily cash and bank position reports, providing senior management with up-to-date financial
information for informed decision-making.
Forecast funds requirements for the upcoming month considering payments of all departments across the
company, ensuring adequate liquidity and efficient cash management.
Maintain data management systems, both physical and digital, ensuring proper organization, security, and backups.
Manage export processes, including coordination with the PSW portal and banks, ensuring smooth and compliant international transactions.
Accurately record all financial transactions in QuickBooks, ensuring data integrity and facilitating efficient
financial reporting and analysis.
Liaised with external stakeholders (banks, customers, vendors, auditors etc.) as per company policies
Baker Tilly is an "A-Rated" QCR firm and The World's 9th Largest accountancy and business advisory network by combined fee income of its independent members. It is represented by 580 offices in 110 countries and more than 37, 000 people worldwide
During my tenure in the firm, I have performed assignments related to Statutory Audits, Internal Audits, Bookkeeping, Financial Reporting and other related services.
Accounts & Audit:
Carry out statutory audits and other assurance engagements from the Planning Stage to the Conclusion;
Develop audit plans after taking good understanding of client’s business and operations;
Prepare financial statements in compliance with reporting frameworks;
Ensuring compliance with applicable statutory legislatures and International Financial Reporting Standards
(IFRS);
Execute audits as per International Auditing Standards (ISAs);
Prepare working papers as required by accounting and auditing standards;
Ensure all figures and calculations are accurate and properly recorded;
Evaluate internal control systems, identify control deficiencies and provide recommendations for improvement;
Communicate the issues identified during the audit to the senior management;
Draft audit reports of the companies as per financial reporting standards;
Give recommendations in the form of a management letter to management;
Representing firm in Quality Control Review (QCR) conducted by Institute of Chartered Accountants of Pakistan
(ICAP) & got a Satisfactory rating without any objection;
Ensuring timely submission of key deliverables to the client within agreed deadlines.
Other Assignments:
Provide outsourced accounting services to multiple clients, overseeing their bookkeeping and related matters;
Develop internal controls and standardized operating procedures (SOPs) for accounting transactions and
processes;
Finalize the fixed assets assignments by compiling a comprehensive fixed asset register, with appropriate coding for each asset category, and calculation of acquisitions, disposals, and depreciation;
Conduct inventory count assignments by utilizing different approaches and identify the variance.
Compile calculations for VAT returns in accordance with relevant regulations and submit the returns accordingly.
Farm Power International is an exclusive reseller and authorized service provider of Trimble USA and has been engaged in introducing modern technologies in Laser Land leveling, drip irrigation, sprinkler irrigation, Hybrid seeds, and delivering a complete mechanized solution for the agriculture sector for 3 decades now. During my stay at Farm Power, I was engaged in the following tasks.
Maintained accurate financial records in QuickBooks, ensuring the integrity and reliability of financial data.
Conducted bank reconciliations, identifying and maintaining accurate financial records.
Managed vendor payments, ensuring compliance with withholding tax regulations and timely submission of withholding tax statements.
Handled documentation for letters of credit and import processes, maintaining organized records and ensuring compliance with relevant regulations.
Prepared financial statements in accordance with accounting and reporting standards, providing accurate and comprehensive financial information.
Assisted in the annual external audit by preparing necessary working papers and providing required data.
Prepared and submitted monthly sales tax returns, accurately accounting for sales, local purchases, imports, and consumption.
Responded to and finalized annual notices under section 165 of the Income Tax Ordinance 2001.
Addressed and resolved other statutory notices under the Sales Tax Act 1990 and Income Tax Ordinance 2001.