Accountant
THE COLOMBO PICTURE PALACE (PVT) LTD
Total years of experience :14 years, 0 Months
•Review and monitor entire accounting entries made by the department personals comply with Generally Accepted Accounting Principles (GAAP) requirements.
•Monitor and assists on preparation of timely & accurate monthly, quarterly & annual financial statements for internal purpose & coordinate in the year-end audit; compile and prepare supporting schedules, work papers, and financial reports as requested by auditors.
•Review and monitor monthly & quarterly VAT & NBT calculations, PAYE Tax calculations, Income Tax calculations and other statutory requirements.
•Prepare imports costing.
•Checking & monitor weekly wages, Customer outstanding balances, Post dated cheques in hand, Bank reconciliations, monthly payroll process, Staff attendance, Daily petty cash payments, weekly & monthly sales summary, & Van sales calculations.
•Handling & Preparing charitable trust related activities such as audit schedule for final audit, fixed deposit income schedules, dividend income schedules, check & review bursary payments for A/L students, university students & madrasa donations.
•Compile and analyze financial information to prepare financial statements including monthly and annual accounts.
•Ensure financial records are maintained in compliance with accepted policies and procedures.
•ensure accurate and timely monthly, quarterly and year end closing
•Processing of all kind of payment vouchers, invoicing, journal vouchers, LPO & Quotations.
•Preparations of staff leave settlements and gratuity settlements on annual vacations and termination of contracts.
•Managing customers which include monitoring of customer credit limits ensure the monthly statements each month and follow up the payment.
•Coordinate with vendors with the LPO and ensure sure the purchases until receiving the stores and handling the supplier payments.
•Preparation of monthly salary for (which includes the preparation of their monthly attendance scheduling through “finger tech” software, staff receivable & overtimes)
•Monthly purchase forecasting and calculations.
•Monthly Bank reconciliation & cash reconciliations
•Import costing& calculations.
•Preparations of cash inflow & cash outflow and allocating funds as per the need and priority.
•Monthly, annually & random physical stock verifications and preparation of variants report for the management.
•Interact with internal and external auditors in completing audits.
Dissertation “Whether risk calculations on capital budgeting of Sri Lankan firms are simple or sophisticated?”