Accountant
Power Solution Industries
Total years of experience :6 years, 7 Months
Preparing Financial Statements (Balance sheet, Profit & Loss Account, Cash flow statement) with meaningful & comprehensive financial Analysis. Input Accounting data into accounting system with speed and accuracy as per DZIT, SOCPA, GAAP and IFRS requirements. Generated and presented monthly financial statements to senior management. Analyzed files and Accounts for discrepancies, accurately resolving variances. Verifying, Allocating, posting and Reconciling Accounts Payable and Receivable. Review 3-way match for Vendor invoices and posting same in payable accounting module. Review Sales invoices and posting in sales accounting module. Review various Journal Entries (JE) and posting same in accounting module. Coordinate with auditor for Financial Audit. Maintaining all provisions and prepayments. Identify deficiencies in accounting & financial internal control system & recommend managerial and technical improvements to enhance accuracy & efficiency. Strong knowledge of IFRS, GAAP and SOCPA. Analysis of Cash Flow statement and explanation of variance with budgeted cash flow. Preparation and analyze of all documents and transaction for month to calculate VAT due payment to ZATCA and to file Monthly VAT returns.
Maintaining trade receivables and trade payables with their reconciliation and also handle petty cash. Online Banking payment to supplier & SADAD Government payments AP Reporting ageing wise Submitted Check & Cash deposit and generated cash receipt to record money received. Daily Collection Report for management Reviewed accounts on monthly basis assess to assess aging and pursue collection of funds Follow up for due and overdue payment Matched PO with Invoices and recorded necessary information. Communicate with customer to pay the advance payment, open/Amend the LC (Letter of credit). Signed Commercial Invoices & submitted to bank with all documents. Create credit note for any return. LC Request/amendment report. Verify approved Credit Application form with mandatory documents. Conducting Physical Verification of Fixed Assets, Stock of Raw Material and Store etc.
Maintain up-to-date billing system.
Monitor customer accounts for non-payment, delayed payment and other irregularities and make collection contact (phonecalls, email, etc.) Reconciliation of accounts and resolution of customer inquiries.
Monitor customer accounts for non-payment, delayed payment and other irregularities and make collection contact (phone calls, email, etc.) Reconciliation of accounts and resolution of customer inquiries.
AR reporting ageing wise
Reconciled AR Ledger to verify payment.
Follow up for due and overdue payment.
Invoice Booking and submitted to client.
Answered calls, responded to emails, and spoke with clients.
Prepare collection report
Prepare payment denied report against invoices
A
Efficiently process Vendor Invoicesand maintain up to date system.
Processed Vendor Paymentsby giving priority for credit invoices.
Performedthree-waymatch reconciliation.
Open and assign newvendor accounts.
Follow-up withVendor research and resolve all payment problems.
Accounts Payable Weekly Report.
Updated and reconciled vendor filesandstatements eachmonth, communication withvendors withinone business day regarding discrepancies.
Bachelor of Commerce Hons.