Accountant
Shield Contracting Company WLL
Total years of experience :14 years, 0 Months
Job Responsibilities
• Coordinating accounting functions and programs. Maintained integrity of general ledger, including the chart of accounts. Reviewing company data from recording to financial statements to ensure that no laws or regulations have been broken and in accordance to GAAP
• Reconciliation of different bank accounts, (current, fixed, term deposit accounts securities etc.), Payables (suppliers, subcontractors, different authorities accounts accruals etc.) and Receivables etc.
• Maintaining and reconciling balance sheet and general ledger. (Current and fixed assets, liabilities, equities, revaluation surplus) Analyses of monthly and year to date Statement of Income and Retain Earnings Created periodic reports comparing budgeted costs to actual costs reports Cash Funds, Current Accounts, Time Deposits,
• Monthly & yearly closings. Insure the year ending adjustments accuracy and in according to accounting rules and principles. Assisting with annual audit preparations
• Investigating and resolving audit findings, account discrepancies, and issues of non-compliance.
• Preparation, audit & Filing VAT returns and prepare governmental reports in compliance with strict standards.
• Communicate with project managers, Banks, subcontractors suppliers etc. on verity of Job related topics including bonding, insurance, contract agreements, ( to verify delivery of materials, work progress for oversee the payment and reconcile their statements with our financial record )
• Preparation & reconciliation of salaries, leave allowances and indemnities etc.
• Performing other accounting duties and supporting junior staff as required or assigned.
• Preparing cash flow statements, financial analyses and reports.
• Preparing revenue projections and forecasting expenditure.
• Assisting with preparing and monitoring budgets.
• Frequently interacting with other departments and participate fully in the day to-day functioning of the business to improve accounting operations & procedures.
• Expert in Peachtree Accounting Software ( Sage 50 ) for managing companys finances for all accounting functions
Job Responsibilities
• Maintain and reconcile the General Ledger accounts. Ensure all transactions are recorded accurately and timely.
• Manage accounts Payable (AP) and accounts Receivable (AR) processes. Ensure timely invoicing, collection of payments, and payment of bills.
• Preparation of internal purchase inwards, posting of all purchase in Peachtree (Sage 50 (Peachtree Sage50) Monthly reconciliation of stock physically with system software records Including costing, valuation, Monitor inventory levels and help prevent stock discrepancies
• Oversee payroll processing, including salary calculations, deductions, bonuses, sales commission and tax withholdings. Ensure compliance with labor laws and regulations.
• Prepare and file tax returns, including sales tax, income tax, and other relevant taxes. Ensure timely payment of taxes
• Ensure compliance with local, state, and federal regulations, including tax filings and reporting requirements.
• Calculate income separately from different departments of business i.e. carpet department, fabric, fabric stretching, carpet fixing
• Implement and maintain accounting software Peachtree (Sage 50) and systems. Ensure proper integration with other business systems.
• Identify and implement process improvements to enhance efficiency and accuracy in accounting operations.
• Coordinate and assist with internal and external audits. Prepare necessary documentation and respond to audit inquiries
• Generate monthly, quarterly, and annual financial statements, including balance sheets, income statements, and cash flow statements.
• Assist in the preparation of budgets and financial forecasts. Monitor actual performance against budgets and provide variance analysis.
• Prepare and present financial reports to senior management, providing insights and recommendations for strategic decision-making.
• Analyze the financial impact of sales promotions, discounts, and other marketing activities specific to fabrics and carpet departments
• Manage financial relationships with suppliers, including negotiating payment terms and resolving billing issues.
Job Responsibilities
• Manage office documents, including filing, copying, and scanning.
• Handle phone calls, emails, Maintain and update employee records,
• Identify and anticipate the materials required for the printing operations.
• Create & process purchase orders accurately, ensuring they are approved & issued on time.
• Posting of all Material inwards to maintain inventory of material, Receipts, Payments, petty cash expenses etc. on excel sheets
• Ensure procurement activities align with the companys budget and financial goals.
• Manage payroll processing, ensuring timely and accurate payment to employees.