Accounts Executive
Abdul Zahir Bashir Automotive Trading LLC
مجموع سنوات الخبرة :11 years, 1 أشهر
•Financial Record Keeping: Maintain accurate and complete financial records for the company. Ensure all the transactions are recorded in a timely manner using accounting software Visacc ERP
•Reconciliations: Reconcile bank statements with the book of accounts and suppliers' accounts regularly to maintain accuracy.
•VAT assistance: Prepare VAT returns computation in compliance with local regulations in Dubai.
•Banking Responsibilities: Managing the PDCs from clients and deposits in Bank as per the cheque dates, Preparing payment cheques and processing wire transfer for international supplier payments.
•Financial Reporting: Generate financial reports and statements on a regular basis to provide insights into the company's financial performance. Budget vs Actual reports, stock level reports, Income & Expense reports, Sales analysis reports, Account receivables & Account payables reports with aging detail.
•Account Receivables and Payables: Process accounts payable invoices and ensure timely payments to vendors. Manage accounts receivable with aging review, following up with clients on outstanding payments, Reconcile A/R, A/P ledgers and resolve any discrepancies.
•Budget Management: Assist in the preparation and management of budgets, forecasts, and financial plans. Monitor budgetary performance and report any variances to the management team.
•Audit Support: Prepare necessary documentation and support external auditors during the audit process. Ensure all audit requirements are met, and audit queries are addressed promptly.
•Financial Record Keeping: Maintain accurate and complete financial records ie receipts, payments, and journal entries using accounting software
Focus ERP.
•Receiving cash/cheques: Receiving cash/cheques from the sales peoples, verifying with physical records and maintaning proper records.
•Cash Management: Handling cash balance with company, monitor cash flow and maintain the appropriate levels of funds in bank accounts and cash in hand for daily operations. Keeping accurate daily cash balances as per books of accounts.
•Banking Responsibilities: Received cash and cheques from customersdaily basis, depositing into Bank account in timely manner, cheque encashment for company expenses, and processed international fund transfers for suppliers.
•Reconciliation: Reconciling Bank accounts, credit cards and supplier books monthlywise.
•Account Receivables: Review receivables aging report weekly basis and provides to sales team and management for the proper follow up on overdue collection.
•Account Payables: Maintain detailed vendor transaction records, tracking and processing international fund transfers to the suppliers and keeping the balance confirmation through effective communication.
•Managing Payroll: Handling employee salaries and benefits ensuring accurate and timely payment.
•VAT Filing: Prepare quarterly VAT reports and file tax returns, ensuring compliance with tax laws and regulations.
•Financial Statements: Generating financial statements such as balance sheets, income statements, and cash flow statements to provide a clear overview of an organization's financial health to the H.O.
•MIS Reports: Prepared financial reports as per management requirements, such as sales analysis reports, stock reports, income & expense reports with budget & actual detail, A/R & A/P reports etc
•Budgeting and Forecasting: Assist branch manager in creating and managing budgets and financial forecasts.
•Audit Assistance: Maintain organized financial documentation for reference and audit purposes and assist with internal and external audits to ensure financial integrity and compliance.
•Management Relation: Maintaining strong relationships with the management by proper communication and providing accurate reports in timely manner.
•Document archiving: Documenting and organizing financial transactions such as sales, purchases, receipts, payments, logistics documents, employees infomation and other company documents.
•Data Collection: Gather and organize financial data ie: Cash/Day books, ledgers, receipt & payment vouchers and Bank/OD statements from the clients for audit examination.
•Verification: Verify the accuracy of financial documents, transactions, and records, Ensure that financial transactions comply with relevant laws and regulations.
•System Books: Preparing books of accounts using Tally ERP9 software for final financial statements and reports.
•Audit Reports: Prepare detailed audit reports outlining findings, recommendations, and areas for improvement along with Profit and Loss account, Balance Sheet.
•Communication: Interact with client management to obtain information, address concerns, and communicate audit results.
•External Audits: Assisting Senior Auditor in Bank audits and external audits of client companies.
•Tax Compliance: Prepare accurate and timely tax returns to the appropriate tax authorities such as VAT returns, Sales tax, and Property tax for individuals, businesses, or organizations, ensuring compliance with tax regulations and seeking potential deductions to minimize tax liabilities.
•Documentation: Maintain organized documentation of client records, audit reports and supporting files for future reference.