Accountant
Heidelberg Gulf Est.
Total years of experience :17 years, 7 Months
GENERAL ACCOUNTANT FINANCE DEPARTMENT
RECEIVEABLE MANAGEMENT:
• Update customer ledgers and posting of customer’s payment by recording cash and cheque transactions.
• Dealing with customers related to their payments and invoices issues.
• Sending customer ledgers and statements to customers.
• Approval of customer invoices.
• Maintain and organize support for customer remittances.
• Respond to customer inquiries if any.
• Reconcile customer statements and correct discrepancies as necessary
FIXED ASSETS MANAGEMENT:
• Prepared and analysis of all the fixed Assets Transactions.
• Record fixed asset acquisitions and dispositions in the system.
• Reconcile the balance in the fixed asset register and general ledger.
• Run depreciation for all fixed assets.
• Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.
Cash Management
• Checking and booking of petty cash transactions and payment thereof.
Responsible to inspect the items receive or purchased.
Checking and verifying the item received in warehouse with the invoice and packing list.
Receive invoices from consumeable and service department and arrange material against these invoices from warehouse.
Checking of material going to be delivered by driver to customer's.
Keep a complete record against eash invoice receive from customer's.
Maintain a complete record against each invoice
Planning for future purchased or material required.
Generating regular reports and statistics on daily, weekly and monthly basis.
Nishat (Chunian) Limited
Senior Accounts Executive (July 2009 - to date)
Today, Nishat Group is considered to be at par with multinationals operating locally in terms of its high quality products and growth oriented corporate culture. The Company; largest, most modern, vertically integrated textile mills, has Five Spinning Units, one Weaving Unit, one Dyeing & Finishing Unit and one Stitching Unit & also NCPL (Nishat Chunian Power Ltd.
Major responsibilities include
• Preparation of Profit & Loss Account of a spinning unit on monthly basis.
• Count wise marginal contribution analysis of yarn.
• Valuation of work in process & finished goods stocks on monthly basis.
• Sales reporting and analysis of export sales and local sales on monthly basis.
• Analysis of stores consumption with respect to production on monthly basis.
• Assist in the statutory audit of the company and finalization of annual accounts of the company.
• Physical checking of inventories on monthly basis.
Specialization in Accounts Payable Module (ERP-Oracle Financial):
• Entering Standard Invoices for cotton supplier and matching with receipts.
• Entering Prepayments for supplier and applying the same with standard invoices.
• Generating debit memos in case of rejection of cotton lots for reduction of expanses.
• Payment of withholding tax invoices generated from standard or prepayment invoices and payment thereof.
• Reconciliations of income tax deducted for cotton supplier with module reports and individuals tax invoices.
• Reconciliations of supplier's ledger with their accounts statements and balance payment thereof.
Specialization in GL Module (ERP-Oracle Financial):
• Booking of JV's for monthly provision of spinning costing
• Entering imprest through JV's in GL Module
• GL accounts reconciliation for Payables, stocks (Cotton & Yarn) and consumptions.
Accounts Executive (November 2006 to July 2009)
Major responsibilities include
• Preparation & Finalization of Raw Material Consumption (Local & Imported Cotton & Man Made Fibers) on monthly basis.
• Preparation of Landed Cost Sheet on monthly basis.
• Checking of Cotton Invoices and issuing debit notes to cotton parties
• Controlling of Cotton & Man Made Fibers Payments.
• Account Reconciliation with Parties (Cotton & MMF Suppliers)
• Checking of Clearing/Import bills and payment thereof.
• Preparation of Journal, Bank Payment & Cash Payment Vouchers
• Preparation of Sales Tax Data for Local, Imported and Man Made fibers
• Booking of Cotton related bank advices
• Preparation and deposit of tax of cotton
MBA (Finance) (2011) Virtual University of Pakistan Specialization: Major in Finance
Bachelor of Commerce (2006) University of the Punjab, Lahore, Pakistan Specialization: Major in Accounts & Commerce