محمد عبد المويد الشيخ

In charge of payable & cash floats.
Reporting to Director of Finance.
Verification of invoices & Vouchers .
Analysis & reporting of aged payables.
Offsetting of payables with receivables.
Liaison with banks bargaining of better spot rates for supplier payment transfers of various currencies.
Posting and updating of purchases, payments on realized basis from different modules of AP, CW and GL.
Preparation of cash flow statement.
Preparation of prepaid expenses schedules and generalizing on monthly basis.
Management of GL module.
Preparation of payable & other schedules.
Analyzing and reconciling of Suppliers ledgers and sending the outstanding balances for confirmation.
Making provisions on accrual basis.
Managing a team of four accountants.
Monitoring proper accounting standards are followed in line with the procedures established by the principles.
Training of staff on accounting software & monitoring.
Keeping internal checks & controls at various levels & continuous evaluation.
To ensure quick closing of books of accounts, review of trial balance, P&L and balance sheet up to finalization.
Maintaining separate books of accounts for different divisions & consolidation.
Assisting auditors in audit & relevant matters.
Preparing MIS reports.
Preparing aircraft wise costing & profitability reports, which is the basis for fixing the selling price of aircraft hours & annual block hour contracts.
Preparing departmental & various reports which is as a tool for cost control.
Worked in implementing new accounting software Sage Accpac & Focus RT on account structure & codification, up to GL account level, etc.
Implementing new accounting software Microsoft Dynamic Great Plains.
Customized Dynamic GP independently to the business & management requirement to get management reports for decision making.
Providing technical support to finance dept & in charge of accounting software.

 Preparation of day book and maintaining petty cash
 Management of accounts receivable and payable and follow up for the payments
 Preparation of all accounting vouchers and entries and posting to proper accounts in general ledger
 Handling of data entry of the accounts in computerized accounting system
 Preparation of monthly salaries, overtime information and payroll register
 Preparation of bank reconciliation statement
 Co-ordination with banks for daily transactions including cash withdrawals, cheque deposits, funds transfer and collection of various banking documents
 Keeping a track of stock details and preparing schedule of monthly stock position
 Arranging and assisting to expedite quick closing of accounts periodically
 Co-ordination with sales team
 Co-ordination with the personnel department
 Assisting auditors in audit

 Preparation & Maintenance of Books of Accounts
 Preparation of Day Book
 Operation of Bank Accounts & Preparation of Reconciliation of Bank balance
 Liaison with Bank personnel regarding operation of OD account and other instructions
 Liaison with income tax department
 Assisting auditors in relevant matters