Accountant
Alghanim Industries
Total years of experience :18 years, 7 Months
ALGHANIM INDUSTRIES, Automotives, Shuwaikh, KUWAIT.
2012-Till Date
ACCOUNTANT.
• Intercompany Reconciliation.
• Preparation of foreign and local supplier payments.
• Vehicle Costing(Foreign and Local)
• Bonus preparation and payment processing through banks.
• Verification of invoices, GRN, Sublets etc.
• Posting of Commission to various financing companies.
• Petty Cash Reimbursement for all showrooms and cost offices.
• Proper filing of Invoices and petty vouchers.
• Preparation and reporting of Daily Sales and Stock Reports to Managers.
• Participating in the monthly & yearly account closing process.
• Participated in year-end physical stock counting.
• Preparing required documents for quarterly Balance Sheet Reviews.
• Doing quarterly Internal Controls Reviews (BWISE-Risk Control)
• Formatting of intergroup entries for uploading in Hyperion.
• Monthly reporting of CPOV to General Motors, US.
• Perform daily accounting transactions such as creating & posting vouchers
• Receive and verify invoices and requisition for goods and services.
• Prepare, verify and process invoices and coding payment documents
• Accurately record cash transactions.
• Day to day banking activities.
• Supervise & coordinate in petty cash activities for the company.
• Entering the petty cash related business data into accounting system used by the organization
• Perform timely monthly reconciliations of cash imprest.
• Prepare daily cash summary.
• Maintain Accounts Receivable & Payable ledgers, checking, verifying and posting supplier/vendors invoices.
• Prepare Statement of account, fully reconciled & supported with relevant and original approved documents.
• Prepare monthly / weekly and other periodical financial reports.
• Ensure appropriate approvals prior in all type of payments like imprest, advance, utilities, rent, fuel, suppliers & other cheques, etc.
• Payment Follow-Up and Preparation of cheques
• Prepare payroll: checking time sheet and preparing individual and consolidated payroll sheet based on monthly attendance report as per Wages Protection System (WPS).
• Review and confirm payroll related calculations including deduction, staff benefits etc.
• Prepare debtors’ listings & constantly follow up for payments.
• Check customers’ credit ratings & advise the management accordingly.
• Bank reconciliation and reconciliation of debtors and creditors.
• Coordinate with bank authorities, auditors and ensure proper compliance with all statutory regulations & company policies & procedures.
• Generated income statements and prepared balance sheets, general ledger, checks and reports.
• Evaluate firms' operating controls and policies, financial reporting mechanisms, adherence to regulatory guidelines and key business indicators.
• Help audit manager’s draft reports to senior management.
• Help firms identify and evaluate procedures and operating policies in tax-reporting processes and verify that such procedures are in accordance with tax laws and regulatory guidelines.
• Help firms evaluate compliance with sales tax procedures.
• Review firms' financial statements and verify that amounts recorded are accurate and complete.
M.com Passed with 74% marks