محمد الخياط

I am responsible for carrying the following functions:

- Maintaining and managing monthly closing & year end closing
- Responsible for monthly journal entries and reconciling accrued general ledger accounts.
- Prepares and records asset, liability, revenue, and expenses entries by compiling and analyzing account information.
- Reconcile prepaid assets, accrual, debt liability, bad debt, and equity accounts.
- Maintains and balances subsidiary accounts by verifying, allocating, posting, reconciling transactions; resolving discrepancies.
- Maintains general ledger by transferring subsidiary accounts; preparing a trial balance; reconciling entries.
- Summarizes financial status by collecting information; preparing balance sheet, profit and loss, and other statements.
- Preparing of fixed asset registers and related entries: deprecation, disposals, and others.
- Responsible for analyzing, preparing, and posting purchase accounting journals.
- Recording GL’s for correction
- Following up for payment collection and maintaining Account receivables.
- Performing variance analyses and preparing account reconciliations
- Making recommendations based on analysis and status of reserves, assets and expenditures
- Maintaining a monthly VAT return in KSA.
- Maintaining a quarterly VAT return for two companies in Bahrain.
- Reviewing all customers invoices and purchases invoices to be VAT complaint.
- Providing VAT consulting to various three depots (Dammam - Riyadh - Jeddah) and Bahrain.
- Maintaining annual Tax and Zakat returns.
- Maintaining income tax filing.
- Maintaining advance tax payment and EIRAD system.
- Timely filling of VAT and WHT returns.
- Arranging timely documents for GAZT assessment on VAT.
- Obtaining Tax clearance certificates, handling retention money and WHT payments.
- Filling monthly and annually WHT forms.
- Assisting with financial and tax audits.
- Avoids legal and tax challenges by complying with legal and tax requirements.
- Preparing cash posting for the payments for suppliers.
- Allocation of intercompany expenses & reconciliations
- Various regular reports for management reporting
- Seeking the proper approvals for the payments to ensure that they are released in a timely manner.
- Secures financial information by completing database backups.

I am responsible for carrying the following functions:
- Regular Book Keeping, General Ledger
- Various Accruals / Provisions
- Preparing the payment transaction for suppliers and employees
- Handling CPV of the Petty Cash
- Intercompany accounts and reconciliations
- Various regular reports for management reporting
- Following up with suppliers in case of errors on the invoice
- Preparing all payments by writing the necessary cheques or bank transfer.
- Seeking the proper approvals for the payments to ensure that they are released in a timely manner.
- Following up for payment collection.
- Support to the Supervisor and Working with other accountants

- Maintain journal entry, general ledger, book keeping, vouchers, and files.
- Check of cash/bank books, and bank reconciliation.
- Prepare monthly Financial Performance Report to the Chief Accountant and the Senior Management
- Preparing reports; Storing, updating and retrieving financial data