محمد وقاص Aslam

Lead the payable team reporting to Manager Accounts and Company's Director. The Company produce chicken products and make sale through 90+ Outlets in Pakistan.

My responsibilities include but not limited to:
 Compiled and analyzed outflow information to prepare weekly and monthly reports
 Prepare daily Fund Position ensure that sufficient funds are available to meet ongoing operation
 Manage inflow and outflow of cash and smooth the progress of the movement of funds to appropriate bank accounts.
 Coordination with banks for arrangement of company finances especially focusing on running finances account.
 Verify the AP/Purchasing system supplier data including payment terms are accurate
 Process the weekly payment Aging includes due, Process expected, and requested payments.
 filling e-return of ITWH, cleared payments & segregation of parties.
 Paid invoice tax WHT working, Upload FBR and Generate PSID
 Prepared monthly P&L reconciliations and posting month end entries eg. Prepaid, Leasing, Salaries, RF Interest etc
 Vendor reconciliations periodically and follow up with the supplier,
 Investigate and correct any differences identified through the reconciliation process
 Ensure deduction and deposit of WHT and timely submission on paid invoices
 Assist with the intercompany billing and payable processing and reconciliation of intercompany balances
 Coordinate with zone wise shop’s coordinator& responds Rents & Utilities Bills quires.
 Supervise and develop payable accounting team of 3 member

I served the company as Corporate Accounts Executive. The Company is one of the fastest growing electronic retail chain networks in Pakistan with the option to Buy Now and Pay Later,

My responsibilities include but not limited to:
AP - Cash Flow Management based on Projected Receivables and Payables cash flow
Process bills accounts payable (Invoice posting, tax deduction, ITWH/STWH as per FBR Rule Dr/Cr note)
Bank Payment Vouchers, Journal Vouchers, Petty Cash Vouchers, Cash Receipts.
Ensure proper provisioning of, Opex, and maintain reconciliation analysis of accruals and provisions.
Monthly Preparation and reconciliation of Profit & loss, purchase analysis report
Assist in the determination of product pricing in relation to features offered and competitor pricing
Ensure maintenance of vendors and third party accounts and timely clearance of outstanding.
Verification of advances, posting discount and credit note.
Finance controlling and manage receipt and payment daily basis.
AR - Preparation of sales invoices and Sale Return Documents
Physical Inventory Taking of Sales warehouse. Stock reconciliation,
Prepare & issue invoice to customer by verifying transaction information,
Controlling AR Balances as per credit worth
Posts customer payments by recording cash & Cheque transaction,
Reconcile the accounts receivable ledger to ensure that all payments are accounted
Prepare weekly report of invoicing totals/aging totals/cash receipts/invoice adjustments
Resolves collections by examining customer payment plans, payment history, credit line;
Maintains accounting ledgers by posting account transactions

Organized PO’s for vendors with the Purchasing dept.
Filled and documented all payments on Oracle Software database. Responsible for all invoice coding, including reconciliation of invoices to the General Ledger account to ensure proper billing of all invoices by cost center and department code.
Ensured timely processing of all invoices and credits according to vendor/distribution terms to increase positive reputation in market and with vendors.
Managed the process of departmental sign-off for invoices/purchase orders
Ensured proper cut-off of invoices for accrual purposes for month end close, to ensure proper accrual rates for that month’s financials
Responsible for generating check proposals and preparing wire payments on a timely or as-needed basis
Responsible for scanning all invoices and archiving all vendor voucher packages, including filing all checks with the packages for auditing purposes according to established policies.
Responsible for voiding checks that are improperly generated and ensuring properly filing of voided checks/invoices.
Responsible to do yearly audits on vendor master data, determining if a vendor is still active or inactive, for the purpose of cleaning up the systems in JD Edward Oracle.
Audited accuracy of expenses submitted, including checking amounts to receipts
Performed monthly closing process, account reconciliations, and inter-company transactions.
Month-End close processing for portfolio accounts that included journal entries

Careers Start as MTO in Crescent dyeing & Embroidery a private limited company of manufacture embroidery thread and work in different departments of the company Payroll, Production planning, Accounts Receivable and reporting to director.

My responsibilities include but not limited to:
 Prepare the payroll of 200+ employees on a semi monthly basis including working on their overtimes, bonuses and other payroll related data.
 Processed weekly and bi-monthly payrolls for hourly and salaried employees.
 Process time sheets new hire documents PTO and terminations.
 keep payroll information such as deduction, paid time-off, time entry.
 Monthly EOBI and Social Security fees deduction and submission to Govt. A/c
 Analyze incoming data during payroll processing to identify and prevent overpayments, underpayments, duplication of records, and other discrepancies
 Handling petty cash reimbursement for petty on monthly basis
 coordinating with department to ensure manpower, equipment and raw materials needed to cover production demand
 Schedule shift according to production need
 Liaises with direct customer & Franchise to ensure stock delivery timely
 Collaborate with quality control, warehouse and other staff
 Posts customer receipts by recording cash & Checks transaction,
 Reporting directly to Finance Manager and Admin Manager