Accounts payable
Wafi Property LLC
Total years of experience :11 years, 2 Months
Presently working as payable Accountant and inventory controller in Wafi property LLC which is part of MKM Commercial Holding LLC/Wafi Group
It was a great achievement getting appointed as an accounts payable cum inventory controller in Wafi property LLC in 2015.
Took the challenge and working with a passion, Responsibility and stepped the ladder by processing all the due suppliers payments at the same time monitoring the cash flow through reviewing bank Statements. Communicating with internal or external Clients was always with assertive tone and motive of problem solving.
Objectives -Accounts Payable
• Verifies supplier invoices and check with Purchase orders, resolves discrepancy, if any.
• Handle VAT reporting (payables). Ensure collections and payments are done in line with UAE regulations.
• Prepare and manage all documents in line with VAT regulations and other related activities.
• Conduct day-to-day transactional processing and reporting on taxation. This includes the accurate posting of all tax related entries.
• Providing accounting and clerical support to ensure that financial transactions are in compliance and of the VAT regulations.
• Post invoices to System (Oracle and MYCOM).
• Ensures receipts of goods/Services are recorded in timely manner.
• Posts supplier and intercompany invoices taking into account the correct profit & loss and Balance sheet Accounts.
• Review accounts payable aging report and process payments for due invoices after reconciling the supplier statement of accounts.
• Inform suppliers for any available cheque/TT payments.
• Monthly reconciliation of AP PO accrual and prepayment Transactions.
• Keep the filing of payment vouchers with supporting documents (Invoices, receipt etc.).
• Prepare Final settlement of resigned employees after complete verification of documents, i.e. leave and air ticket balance, bank closure certificate, last payroll processed etc).
Objectives -Inventory Controller
• Conduct periodic and annual physical inventory counting
• Prepares MIS reports for stock on hand as well as stock trends and variances.
• Check inconsistencies on stock quantities, packaging, quality and pricing.
• Responsible in adding new item of Goods in system (Oracle &MYCOM) as requested by end user within the group.
• Monitors the prices of purchased Goods and services and periodically updating the system for the same.
• Maintain Min-max reports to avoid stock shortage and also to clear perishable/short shelve life items.
• Provides and presents to management of aging analysis of slow moving items.
• Prepare a report of fast and slow moving inventory and update stores accordingly.
• Check the prepared items against the required quantity for the project to avoid obsolete In-House stock.
Objectives: Accounts Assistant
• Preparation and input of daily and month end journal vouchers.
• Preparation of Debtor and Creditor reconciliations.
• Prepare the bank reconciliation of banks, petty cash, and the payments.
• Checking of purchase invoices and entering into the system.
• Monitoring the inventory movement and keep its level on good condition.
• Records purchases, maintains database, performs physical count of inventory, and reconciles actual stock count to computer-generated reports.
• Follow up customer accounts for non-payment and delayed payment.
• Accurately processing supplier invoices and credit notes.
• Prepare payments for suppliers on time.
• Recording all cash activity on a daily basis and making report to the manager.
• General ledger entry including accruals and prepayments.
• Dealing with all the transaction related to banks.
• Preparation of documents for exporting the items through online services
• Preparation of payroll & Maintains the employees records.
• Preparation of cash flow report, income statement profit and loss statement to the management on a monthly basis.
• Preparation of year end reports for management and clients.
• Completed B.COM (With specialization in Financial accounting and income tax) in 2011