General Accountant
Opal Protection Systems
Total years of experience :12 years, 1 Months
• Prepare and issue invoices to the customers and ensures the timely collection of balances in accordance with terms and conditions and deposit the same in the bank account
• Reviewed and analyzed company’s aged debtors to improve collections and to bring debtors in line with the company’s credit policy
• Post supplier invoices in the system and ensure that payments are made as per contracts, agreed terms and after obtaining all necessary approvals and supported by valid and adequate documentation
• Preparing supplier reconciliations statement with their statements of account
• Scrutinize GL to identify and make all required adjusting entries and maintain schedule of advances and accruals
• Review of Payment, Receipt and Journal vouchers for proper charging of expenses to appropriate heads and projects
• Monitoring of projects costs, progress billings and contract variations, preparing actual vs budget analysis and updating project cost forecasts on monthly basis to present to Management
• Communication with banks and handling all banking related matters
• Facilitate in external financial audit and ensuring smooth completion of audit process
• Involved in the finalization of accounts including various adjustment entries, assurance of completeness of costs and preparation of Financial Statements as per International Financial Reporting Standards (IAS and IFRS)
• Performed detailed asset physical verification exercise on “Asset Register to Floor and vice versa basis”. A number of samples from different categories of assets have been selected and physically verified and matched the contents with the Asset Register
• Involved in the Treasury Management and initiated the bank reconciliations process for the whole period and identified long outstanding items for follow up and clearance
• Verified the individual suppliers accounts (subsidiary ledger) with the supplier’s balance in the GL and reconciled the differences
• Engaged in the feasibility studies of various proposals including Health care, Education and Retail businesses
• Worked on various audit assignments including control testing of systems and detailed testing of critical areas
• Issuance of management letter to the client’s management, highlighting weaknesses in Internal Controls
• Processing payment of various invoices; matching vendor invoices with delivery order, material receiving note & purchase orders and posting of the same after authorization
• Preparing supplier reconciliations statement with their statements of account
• Preparation and Monitoring of Intercompany Accounts with other associated companies in the group and prepare Debit/Credit Notes on monthly basis for the settlement
• Reconciling Company’s Bank Accounts in various currencies on monthly basis and account for the exchange gain/losses as arise
• Preparing reconciliation of various Balance Sheet Accounts; prepayments, advances and accruals
• Involved in the annual budgeting exercise; initiating from preparation of budget guidelines and data gathering from different departments to data compilation and finalization for Management review
• Involved in the scrutiny of GL to identify and make all required accrual and adjusting entries
• Reallocation of operating expenditures to the capital projects which are not directly attributable
• Involved in the Monthly Physical stock counting exercise and report any discrepancies
• Liaison with external auditors during their course of audit and providing them with relevant supporting documents as required
• Involved in the other ad-hoc assignments as and when instructed by the Management
Association of Chartered Certified Accountants
• Bachelors in Commerce (Bahauddin Zakariya University, Multan) (Dec 2011)