Sr.Accountant
Rasasi Perfumes Industry LLC
Total years of experience :23 years, 4 Months
Schedules invoices for payment within a given framework of prescribed due dates and maximizes discounts.
Enters invoice information into SAP Accounts Payable system to generate payment voucher.
Conducts the 3-way or 2-way match process and identifies any discrepancies.
Validates that goods were received and that proper prices have been invoiced in accordance with the purchase order;
Obtains the necessary approval for service invoices and validates against contract requirement.
Verify and obtains authorization for any discrepancies in prices over given limit, quantity received and freight charges.
Validates vendor statements and inquiries, investigates discrepancies, communicates with vendors and internal
personnel to find invoices;Prepares monthly journal entries and CO repostings for photocopies, fuel allocation and corrections to expenditure allocations;
Communicates effectively to suppliers and/or procurement staff on any invoice discrepancies.
Ensures invoices are only paid once.
Ensures timely payment of all invoices to avoid late payment fees and optimize cash discounts.
Processes requests for manual cheques when and as required; such as travel advances;
Clear open line items if any, making down payment request.
Prepares and verifies employee and vendor payment proposals.
Reconciles GR/IR account, analyzes balance sheet accounts, i.e. suspense, accrued liabilities, commitment clearing.
Product Costing - Estimation of product costs in integration with PP and MM modules, WIP calculation and variance settlement
Prepare, examine, analyze accounting records, financial statements, and other financial reports to assess accuracy and finalizing the accounts.
Update and intimation to supplier for payments, prepare customer-vendor reconciliation statements.
Help in Formulating budgets and conducting variance analysis to determine difference between projected figures & actual expenditure.
Handling statutory matters work completion to maintain all books of Accounts, vouchers pertaining to the day to day functions of the company including an approval limit function.
Implementing and administering payroll policies to ensure timely compliance with statutory obligations. For 50 staff members.
Preparing cash plans and ensuring timely computation and filing of Profit & Loss A/C and Balance Sheet in cooperation with Banks with regard to finance requirements and Auditors of the company during annual audit.
Managing payables and receivables of the company and reconciliation with the parties and as well as with banks.
Control incoming-outgoing funds, process payments & follow-up the debtors & creditors.
Perform day to day supervision of accounting functioning and all the entries Passed.
Receive PDC’s payments from customers and scrutinize outstanding balances.
Directing and monitoring various activities of passing Journal entries purchases & sales and posting to the relevant ledger Accounts.
Compiling of Accounts Payable & Accounts Receivables data in the computer; writing cheques & preparing PDC list.
Verifying the bills making the Bank Reconciliation statement, computation of tax payments held at source; designing suppliers statement and reconciling assets Schedule & calculation of depreciation.
Reporting to top management of monthly yarn and store purchases.
To verify Purchase Orders, Purchase Requisitions, Store Issue Requisitions, Rebates, discounts and all types of vouchers
Prepare annually export schedule for the purpose of final accounts.
CMA Persuing
Major subjests were Advance Financial and Management Accounting