Nawab Akram خان

 Prepare and Present Monthly Financial Report (Profit & Loss, Balance Sheet, & Cash Flow Statement) to the management and the Owners.
 Prepare the organization's budget, considering revenue, COS, expenses, projected sales, and cost estimates over 5 years, ensuring minimum profit return to owners based on their investment.
 Create dashboards detailing sales breakdown by service, average sales per service, and alignment with target sales. Track overall discounts to ensure compliance with company budget policies.
 Assisting General Manager in highlighting information on the efficiency per job, average time taken, average material consumed and wastage due to an error by the employee.
 Accurately close the monthly GL process, prepare and post journal entries for key financial areas including leases, asset management, payroll, payables, and receivables, and prepare the Franchise Fee Report.
 Filling VAT return for the Topaz Quarterly VAT Return while ensuring submissions are done in compliance with UAE regulations.
 Managing asset management system (Acyuta) ensuring all assets are listed and are aligned with group company policy and reconciled with accounting system.
 Coordinate with the General Manager to ensure accurate inventory recording and synchronization between the operations system (GaragePlug) and the accounting system (QuickBooks).

Achievements
- Established the entire accounting system for the new organization, including creating and mapping the chart of accounts, and setting up internal policies and procedures in coordination with the General Manager.
- Implemented POS and payment gateway systems with optimal rates, considering future potential turnover as part of projected revenue.
- Liaise with the General Manager to set up the pricing list for services provided by Topaz.

-Financial reporting for Retail & Wholesale business units. Month-end closing & day to day
appropriate accounting of revenues, expenses, assets & liabilities is recorded & reconciled.

- Monthly KPI reports for all retail outlets on parameters such as stock-outs, revenue by category
& sections, ABV, & UPT. Information from POS with an approach to improve sales & adopt an
analytical approach with improved decision-making.

- Reconcile stock valuations, stock in's & outs, & internal transfers are recorded & traced.
Monitor stock movement, running reports of daily inventory adjustments. Investigate
discrepancies in the valuation that needs to be resolved.

- Manage the overall payable process of approx. AED7+ million monthly. Reconciliation of
supplier statements monthly & Scheduling payment runs to vendors using the banking
facility.

- Prepare aging analysis for customer balances; communicate with salesmen & customers to
clear outstanding dues. Send balance confirmation. Reconcile ledger & post receipts on
payment received, investigate deficit payment.

- Reconcile cash & credit sale reports from the POS system for the retail outlets daily. Sale from
card transactions are credited & recorded with the bank's commission & VAT.

- Prepare VAT returns consolidating Retail & Wholesale business units while ensuring all
submissions are done in compliance with FTA.

- Liaise with external auditors during the annual audit with relevant & access to information
about investments, stock reports, inter-company transactions, pre-paid schedules, accrued
expenses, GL accounts, & balance confirmations.

Achievements
- Increased cash inflow by 28% after streamlining the commission structure for the Wholesale
sales executives.

- Identified issue with the MYCOM product master for the outsourced section for the retail
outlets, resolved the problem resulting in approx. 5% increase in gross margin.

-Record entries for payables and receivables on daily basis in the Tally System by applying appropriate documentation procedure.

- Manage expense report on monthly basis & comparing it with the projected data, & ensuring that the expenses are recorded in chronological order for keeping track on expenditure.

- Prepare supporting documents like bills, receipts, vouchers, invoices, & purchase order.

- Prepare quotations for potential sales and follow up with customer for orders.

- Maintain supplier relationship for future orders while quality is assured & negotiating cost with supplies in order to optimize cost benefit for the company.

- Prepare and report petty cash expenses, recording all payments made against receipt vouchers.

Vendor reconciliation for vendors like Apple, Samsung, Ericsson, and Huawei, & updating
weekly due reports & month-end ledger reports extracted from SAP by creating Excel Macros
with approx. £12+ Million per month.

- Communicate with procurement & vendor for discrepancies arising by analyzing data before
month-end to ensure issues are resolved within the required time frame.

- Responsible for key vendor accounts, addressing queries on payments issues, account information, and status updates & resolving internal & external queries in line with SLAs.
- Post payable invoices approx 400 weekly using 3-way matching concepts, switch site posting
and contra entries in SAP, & cross-check posting with other team members.

- Assist in the liaison with the audit firm in relation to the Payables.