Senior Accounts Receivable Analyst
Al Mojil Drug Company KSCC
Total years of experience :17 years, 11 Months
• Leading and Managing team of 3 members related to, to be claimed from suppliers (debit notes).
• To provide accounts receivable support through monitoring all aspects of the collection of outstanding debts owed to company.
• To prepare analyzed monthly and quarterly report on due balance from suppliers’ receivable, received and bad debts.
• Preparing report on cost variation, price difference, FOC goods.
• To analyze unresolved and unpaid debit notes.
• To analyze overdue account. (Aging, reason for nonpayment, communicating, finding the solutions).
• Organizing and Leading conference meeting with suppliers to resolve issues of both ends (documentation, rectification, payment, calculations, clarification on any claim and terms of contract)
• Reconciling receivable supplier’s account and updates with necessary entries to match with supplier SOA.
• Reconciling and monitoring receivable clearing account.
• Validating documents before processing a debit note by subordinate and monitoring of expense debit notes.
• Validating of debit note as per contract term.
• Calculating various types of penalties (delay, expiry, low shelf life, damage, bonus etc.) before raising DN.
• Identifying areas to reduce debit note loss.
• Proposed and implemented various process and policies related to debit note operations in coordination of Sales Managers & Logistic Team.
• Receiving and positing debit note payments.
• Receiving of Credit notes against due debit note and netting off in supplier payments.
• Updating and sending Statement of accounts (DN AR) every month to suppliers.
• Payment follow ups are done with supplier along with SOA, and further follow ups mails and phone calls are done.
• Posting of Landed cost every month.
Managing of cash flow updating on daily basis, monitoring of daily fund movemen, Sales reports.
Handling GST (Tax) Return filing.
Handling of Daily Accounting, I.e. Posting of daily expense, sales, Tax entries Etc.
Bank Reconciliation and updating required adjustment.
Vendor and supplier reconciliation
Processing payments to suppliers as per terms.
Maintaining Utilities schedule, following up, processing payment.
Costing of Holiday packages, City Tour, Local tours.
Negotiating and arranging of Visa, Air tickets, Hotel booking, Tour Bus and excursions.
Looking for new business opportunities from various sources.
Daily interacting with suppliers for visa and for handling service of tourist in Dubai, follow up of services and payments.
Arranging fleets for tours, rentals.
Daily interacting with clients for their requirements.
Prompt acknowledging of Mails and replying to customers, suppliers and to owner with proper and latest updates.
Interacting with Customers
From office setup, licensing, company formation and managing funds.
Preparing Cash Flow, updating on daily basis, monitoring of daily fund movement and taking initiatives.
Preparing payment schedules as per ageing and as per cash flow.
Negotiating with bank on exchange rate for overseas payment.
Preparing Fixed Asset Schedule monthly and cross verifying with Trial Balance.
Prepaid schedules are maintained, updating on monthly basis, passing monthly Journal entry of Prepaid to expense and passing adjustment entry if required as per supervisor.
Maintaining Utilities schedule, following up, processing payment.
Scrutinizing all documents, approvals in the transaction processed by colleague.
Intercompany reconciliation, and proposing required adjustment.
Posting of Accruals, Prepaid, Depreciation.
Bank Reconciliation and getting done required adjustment.
Vendor and supplier reconciliation.
Dealing with bank in rate negotiation for overseas payments.
Scrutinizing of Purchase document with proper attachment, approval.
Preparing vendor payments and invoice posting.
Handling day today Accounts & Finance operation.
Checking & monitoring of Expenses, Expense allocation as per nature.
Preparing of daily Cash Flow and managing of cash as per receivable.
Preparing of daily Sales report for management.
Product Costing, Pricing.
Stock taking, Preparing of stock report, Stock adjustment.
Posting of Accruals, Prepaid, Depreciation.
Monthly, Quarterly Income statement & Balance Sheet.
Scrutinizing of Purchase document with proper attachment, approval.
Checking of payment document.
Scrutinizing of Sales invoices (price given is as per management approval)
Preparing of receivable outstanding report and following with sales force.
Preparing Budget, Yearly, Quarterly and Monthly.
Prepared procedure and policy for finance, operations and Stores.
Prepared process for inventory handling from receiving, issuance, production, finished goods receiving, maintaining and dispatch.
Analyzing of delivery expense with sales order.
KCAL HEALTHY FAST FOOD JLT. Dec-2014 till date
Senior Accountant Dubai- U.A.E
Company Profile: -
KCAL Healthy Fast Food JLT. Is a Catering and Restaurant chain in Dubai. The concept is to making people healthy and providing healthy & nutritious meal. Company serves monthly meal plan direct to the doors steps of client and also serve in restaurant. Kcal has 7 restaurant in all and currently present in UAE and Egypt.
• Handling day today payable accounting operations.
• Checking total purchase of production in month end getting cost of sales from purchase team, cross checking it with cost of sales, purchase, opening stock, variance closing stock, calculation of cost of sales and posting.
• Issuing of invoices to Franchisee for monthly good sold, Royalty on sales and Management fee.
• Reviewing of posted documents posted by subordinates (invoices, petty cash, utilities, )
• Checking of ledger for proper expense accounting and proper cost center.
• Assisting to finance director in Budget process.
• Handling of rent process (Prepaid rent, schedule, payment documentation)
• Preparing of accrual, prepaid & sponsorship schedule and reconciliation to check which is still pending for long time and why it is not been closed.
• Preparing payment on daily basis as per aging report, bank position and urgency
• Actively involved in payroll process.(Coordinating with HR for staff data, recording of staff cost and till processing payments)
• Vendor Reconciliation on quarterly basis to keep vendor balance up to date.
• Preparing Vendor reports as per finance director’s requirement.
• Controlling accruals and prepaid (Trade License, Sponsorship fee, insurance.)
• Handling of Fixed Asset, (recording of Assets, charging depreciation, preparing of FA Schedule)
• Reconciliation of intercompany and getting necessary adjustment done.
• Reconciliation of Advances to supplier, Refundable Deposits and schedules
• Reconciliation of Recoverable accounts.
• Preparing reports for audit as per Trial Balance.
• Worked for system migration and implementation process.
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Paris Group International LLC. Is Retail Fashion industry in GCC and also involve in Restaurant and Decoration business.
Successfully marked 151 Fashion showrooms across GCC. The company has a franchise of French and Italian brand in the list, also they acquired top brand of Italy “Gian Franco Ferre” and France “Louis Feraud”.
• Reconciliation of intercompany and getting necessary adjustment done.
• Reviewing of posted document and payment request of colleague.
• Checking of ledger for proper expense accounting and proper cost center.
• Reconciliation of Advances to supplier and Refundable deposits.
• Controlling accruals and prepaid (Trade License, Sponsorship fee, Royalty and all other AMC)
• Checking of Trial Balance with cost center wise and required adjustment is getting it done.
• Scrutinizing and booking showroom petty cash expense and payment processing for 128 shop of UAE
• And Petty cash expense of HO Cashier
• Petty cash payment adjustment in intercompany shops.
• Follow up of reimbursement through HO Cashier & Messenger.
• Petty cash account reconciliation with shop petty cash confirmation and our books record.
• Recording of Assets, Charging Depreciation, disposal, transfer and FA Schedule.
• Handling inventory purchase, costing & Tracking record of purchase
• Inventory related adjustment & purchase reports
• Tracking of payment to related vendors and to adjust accordingly in intercompany books.
• Vendor reconciliation & vendor audit reports
• Reports on Assets schedule, Purchase reports, Vendor Balance reports, COGS report etc.
• Audit - reports & adjustments
• Auditing of store transactions for exceptions through point-of-sales reporting system on a daily basis.
• Monitoring Daily Collection of Cash / Cheques and deposit of the same in the bank on time.
• Reconciliation of Bank Statements.
• Debtors’ scrutiny with ageing analysis and follow up for payment.
• Costing of goods and Valuating.
• Conducting & supervising physical stock on monthly basis both in store and Showroom..
• Presenting Monthly Sales & Expense report and Half Yearly P & L Account to the partners.
• Audit of books of accounts (Internal) and Finalization.
It is post graduate diploma in Business Administration (PGDBA -Financial Management)