Financial Accountant
Hungerstation Co. LLC
Total years of experience :15 years, 6 Months
AP
• All Central Region OD restaurant (more than 345 restaurants, currently active) payments.
• Weekly and Fortnight payments to Top most restaurants.
• AAA Restaurants Weekly and monthly payments.
• Centralized payments to Restaurants in all KSA regions.
• OD Suppliers payments/Expenses and subsidiaries.
GL Activities
• Booking AAA suppliers/customers account payments entries and necessary adjustments in QB.
• Booking all central regions payment entries and their reconciliation and adjustments.
• Adjusting OD revenue for all restaurants and AAA restaurants (All regions) in QB.
• Generating Manual Invoices/subscription package invoices, in case system invoices are not available.
• Accrued Ledger Reconciliation and postings.
• Suppliers cost booking in QB.
• OneCard Commission expenses and receivables booking.
• AP balances postings in QB.
• Bank entries and bank reconciliations for Jazirah for all central region entries.
• Accounts Reconciliations.
• To fulfill Audit requirements.
OneCard Collections/Reconciliations
• Preparing Weekly claims for payment and follow up with OneCard team.
• Weekly reconciliation for Operation vs OneCard and reporting, and ensuring there are no discrepancies in both ends.
• Updating OneCard Data in the DMS for necessary cash reconciliations.
Vendor Care Duties
• Ensuring quick response to all vendor queries by answering emails and phone calls and solving the issues.
• Attending Zendesk tickets and coordinating with Sales Support/vendor care to ensure the resolution of issues.
• Other tasks as assigned by the senior managers.
• Supervising Cash Control activities and to make sure all drivers are submitting Cash received from customers on daily basis.
• Supervising collectors with their daily activities and reporting for the cash collection and bank deposits
• Calculation of the Commission and delivery service Fee from the Restaurants and preparing their monthly statement of Accounts for net payable amounts.
• Preparing General Ledger of the vendors and posting their transactions summary in Quick Books for the payables.
• Preparing Invoices for the Commissions and other online payment fees for their monthly turnover in QB.
• Posting Third Party Delivery Drivers Invoices and creating bills in QBs and accrual of the expenses.
• Monitoring Online Payments received from customers in our Bank Accounts and posting adjustments of the bank charges.
• Preparing month end adjustments and accruals and passing entries for the suspense accounts clearance.
• Preparation of accounting entries by compiling and analyzing account information and authenticating financial transactions by auditing of documents.
• Maintaining cost centers for each projects and allocations of proper expenditures to the specified cost centers and materials requisitions for each project.
• Generating Invoices by replenishing the inventory from the system and posting to the proper customer’s accounts.
• Preparation and processing of payments, recording of Local / Overseas supplier invoices by matching the supporting documents such as Purchase Order etc. and verification of Advance requests.
• Recording and posting of all daily collection for amounts collected by Sales Team from customers through cash, cheques, bank transfers etc.
• Verification and processing of local cash purchases, and Petty Cash Expenses.
• Preparation of monthly schedules & Bank Reconciliation statements and processing of closing & other JVs.
• Checking and verification of expense reports and Sales Commissions & Processing of Equipment clearance requests and Early Settlement Discount Requests etc.
• Processing of monthly payroll.
• Maintaining financial record of all company’s Assets and Liabilities
• Assist in documentation and monitoring of internal controls
o Ensure accurate recording of vendor invoices (PO and Direct posting) in ERP and payment on time base of agreed/contracted payment terms with vendors.
o Review of vendor aging & statements and review of suspense/clearing account - Goods Receipt/Invoice Receipt (GR/IR) and ensure suspense/clearing account should be nil.
o Interrelate with external and internal auditors as well in completing audits and local tax reporting.
o Conduct monthly physical inventory and reconcile GL balances.
o Receive and verify invoices and requisitions for inventories and sales and verify that transactions comply with financial policies and procedures
o Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting and other tax requirements.
o Reconciliation of bank statement on monthly basis.
o Prepare Balance Sheet reconciliations and schedules of Balance sheet accounts (Prepayments, Inventory, Accounts Payable, Suspense/clearing and accruals account).
o Reconciliation of petty cash transactions and book keeping of these transactions on monthly and daily basis respectively.
o Print and distribute monthly financial reports
o Perform other finance department duties that may be assigned from time to time.
o Brief review and Verification of Salesman settlements on daily basis.
o Maintaining customer’s accounts for installments and cash handling, data punching in SQL server software.
o Review of aging, credit limits as per contract vs. balances, sending statement of account by customers and follow-up for payments by customers.
o Update of payment in customer account, Credit Note and Debit Note and Allocation of payment against Invoices.
o Liaison with Head of Department and Senior managers for compliance of SOP’s.
o Ensured accuracy of the physical inventory and reported results.
o Reconciles bank statements and sending a report to Head office and coordinating with the Bank relating to the cash management.
o Preparing profit and loss statements and monthly closing and cost accounting reports.
o Interact with internal and external auditors in completing audits.
o Acting as a lead worker to other staff in the department.
MBA (Banking & Finance)
B.Com