Islam Elshafey Elshafey

Responsible for recording the payable transactions in the accounting system.
•Track invoices received and payment due dates against approved invoices to ensure timely payment.
•Responsible for the vendor accounts and follow up with the Payable transactions.
•Prepare payable ageing analysis report (accounts payable reconciliation summary) based on the information maintained and identifies causes for delay in payments Match the yearend Payable confirmation balances with the accounting system.
•Coordinate with the budget accountant for sending him the monthly forecasted payment.
•Maintain product costing and analyze its financial impact on the income and balance sheet
•Audit item costs costing programs and systems for accuracy
•Coordinate proper cost absorption in inventory valuation
•Communicate variances and cost explanations to Management Team
•Review Goods receipt for stock items before adding on the system (GRPO)
•Review the delivery & receivable invoices & approve it before adding on the system (Delivery & AR invoice)
•Coordinate with the purchases management and warehouse management for the purchases transactions.
•Prepare advanced to suppliers ageing analysis report
•Responsible for recording the Fixed assets movement, run depreciation coding and maintain the fixed assets registry.
•Review employee expense claims, ensure compliance with policies and process disbursements in a timely manner.
•Settle staff custody for employees.
•Review the value-added tax return & submit it to tax authority
•Review the withholding tax & submit it to tax authority
•Establish, maintain, and coordinate the implementation of accounting and accounting control procedures on new implementation system

Responsible for recording the Fixed assets movement, coding and maintain the fixed assets registry.
•Review employee expense claims, ensure compliance with policies and process disbursements in a timely manner.
•Maintain Journal Vouchers, review discrepancies and reconciliation of the suppliers’ statements for the review of the Financial Controller.
•Execute payroll simulation, final payroll run and process monthly payroll.
•Ensure all payroll payments are made in accordance with the terms and conditions of employment, HR policies, Finance policies and local laws and regulations.
•Liaise with HC & Admin department to ensure a smooth execution of payroll payments.
•Review all relevant additions and deductions from employees’ salary to ensure adherence to policies.
•Prepare documentation to arrange for payments of advances for salary and other allowances in an accurate and timely manner.
•Prepare full and final settlement for resigned or terminated employees and associated end of service benefits.
•Verify and register invoices received from vendors and contractors, record the invoice receipt date on the system and match invoice, purchase order and item receipt.
•Conduct necessary checks and evaluations to process vendor invoices and expenses.
•Track invoices received and payment due dates against approved invoices to ensure timely payment.
•Maintain accurate records and files of all invoices, delivery notes, purchase orders/service orders, vendor contracts, payment vouchers, copies of checks and receipts.
•Prepare list of recurring expenses and identify goods and services, which have been received where invoices have not been received or approved.
•Liaise with banks and ensure that accounts are opened, maintained and closed in a timely and accurate manner.
•Ensure that account related information is maintained and kept up-to-date at all times.
•Follow up with the Bank transactions on daily basis.
•Prepare the Bank reconciliation on monthly basis.
•Deal with the Bank responsible manager for the company regards the foreign currencies and solve any problems in the company accounts.