Branch Accountant
Nazih Hamad General Trading Co. LLC
Total des années d'expérience :10 years, 6 Mois
Nazih Hamad Trading is the main branch of Nazih Group in Abudhabi. Which is involved in the manufacturing, trading and retail of different brands Cosmetics products. Nazih is one the market leader serving beauty industry
Roles and Responsibilities:
- Closing accounts monthly basis after reconciling all the ledgers and finalizing provisions and accruals.
- Preparing monthly VAT Report as per Federal Decree-Law No. (8) Of 2017 on Value Added Tax after reconciling and verifying all the accounts.
- Submitting monthly budget variance reports to finance manager.
- Helping finance manager in budgeting and forecasting by providing him all required management information.
- Helping external auditor and providing them with all relevant reports.
- Managing whole accounting system, procedures and updating all records.
- Maintaining fixed asset register.
- Preparing monthly Sales performance report for management and sales staff on daily, weekly, monthly, quarterly and annual basis.
- Preparing annual and 5 years’ budget plans, assigning targets for sales team.
- Controlling accounts receivables by effective follow-up of aging debts. Weekly basis follows ups to customers with long due amounts and liaising with sales staff for direct follow-ups. Bi annually receiving balance confirmation from customers.
- Responsible for monthly reconciliation of statements including bank and cash.
- Controlling cost by observing all budgeted expenses and finding a solution to save cost.
- Booking all type of expenses in relevant an appropriate books and cost centers.
- Handling all general accounting tasks related to branch from Book keeping in SAP FICO to management reports.
- Monthly preparation of staff salaries after posting any relevant financial deductions or temporary additions. Reporting to HO for transfer through WPS.
Preparation of Final trial balance to produce final accounts of Profit & Loss and Balance Sheet.
Managing whole accounting system, procedures and updating all records.
Reconciling financial discrepancies by collecting and analyzing account information.
Closing accounts quarterly basis and Filing Quarterly VAT Return as per Federal Decree-Law No. (8) of 2017 on Value Added Tax after reconciling and verifying all the accounts.
Analyzing business operations, costs, revenues, production, financial commitments and obligations to project future revenues, expenses and to improve productivity.
Evaluating the performance of sales and production staff by comparing quarterly reports and advising director on the results.
Handling bank relations by liaising with RM of bank and negotiating with bank treasury department on dollar exchange rate because of huge receiving of International TT’s against exports.
Preparing bank reconciliation report monthly basis and reporting to directors. Observing future bank position to manage cashflow.
Submission of LC Documents and following up with our and customer bank for receiving payments against shipped consignments.
Clearing the discrepancies arising in the submitted LC documents.
Implementing Internal Control system for production, sales and procurement department to maintain financial scrutiny.
Monthly preparation of WPS sheets for staff salaries after making any relevant financial and HR deductions and submitting salaries in money exchange.
Managing payable by verifying invoices with GRN and LPO, Processing the invoices into ERP and preparing PDC’s and CDC’s for suppliers as per agreed payment terms after reconciling statement of accounts and resolving any discrepancies.
Controlling accounts receivables by effective follow-up of aging debts. Daily basis follows ups to customers with long due amounts and liaising with logistics person to hold shipping documents until payments are clear.
Approving production /delivery of customers after the payments have been received as per agreed terms
Verifying sales invoices with signed proforma invoices, approving shipping documents and comparing them with sales and proforma invoice to avoid any future discrepancy in LC or in VAT submission.
Initiating legal actions against defaulter customers.
Verification of stock by random physical inspection and sometimes leading stock count.
Assigning tasks to Accounts assistant and Guiding him by coordinating activities and answering questions.
Reviewing work of Accounts assistant to make sure petty cash expenses and other expenses have been booked in appropriate chart of accounts.
Calculating and giving employee’s annual benefits as per UAE Labor Law.
Logitax UK is an accountancy firm based in London. It provides Accountancy, Bookkeeping and Tax advisory services to small businesses in the UK.
Roles and Responsibilities:
- Marking of most of the ACCA Exams, Including Exams with the subjects of Business Law, Taxation, management accounting, financial reporting, Financial Management and Auditing.
- Commenting on each student performance (Question by question) and overall performances.
- Maintaining the details of marked scripts and submitting the marked papers to senior manager.
- Assisting senior manager in correspondence with students and replies to student queries.
- Correspondence with clients and dealing their queries / issues.
- Training clients on getting accustomed with different accounting packages like Kashflow.
- Uploading client’s data on Kashflow and downloading the reports and communicating them to clients.
- Preparation of VAT returns and advising clients about which VAT scheme they should adopt.
Achievements:
In September 2015 session consistently worked for 25 hours to meet the deadline given by partners, helping the firm to maintain long term business relationship with the University.
Joined as an exam marker and got promotion to Accounts Executive just after a month.
I was assigned to train senior markers on how they can effectively manage the time while marking the exams without compromising the quality standards which were required to be followed.
“Tariq, Ayub, Anwar and Co.” is a member of “Clarkson Hyde Chartered Accountants Limited”. The firm provides professional services to a wide range of clients with the service lines of Audit, Tax, Enterprise Risk Services, and Financial Advisory & Consulting.
Roles and Responsibilities:
- Overall Risk assessment of client. Planning the scope and extent of the audit.
- Performed test of details on cash at bank, advances, prepayments and expenses.
- Verification and inspection of payables, receivables and inventory.
- Checking Invoices and reports to make sure they agree to the financial information provided.
- Verifying the accuracy of data by checking completeness and consistency.
- Ensuring that all records are true and fair reflection of a business’s performance.
- Testing controls to help Client Company mitigate against risk.
- Inspection of client documents (Invoices, Purchases etc.) against the support documents.
- Performing analytical procedures to evaluate the major differences and identifying reasons.
- Check for compliance with relevant standards applicable to the particular industry.
- Discussion with clients to find out the missing information.
- Discussion with management to find out why there are inconsistencies if any.