Accountant
Fortes Holdings
Total years of experience :22 years, 1 Months
•Reporting to the Senior Financial manager, working on GL, AP, AR, Payroll, Cash management under ERP set up, Ensures the integrity of accounting information by recording, verifying, consolidating, and entering transactions.
•Independently handling finalization of accounts of a company, Facilitate and complete monthly close procedures, Analyze revenues, commissions and expenses to ensure they are recorded appropriately on a monthly basis, Preparation of monthly P&L, balance sheet & schedules including preparation of monthly MIS reports.
•Preparing of monthly accounts reconciliation, Inter-company reconciliation, Cash and Bank reconciliation, Revenue recognition & passing the provision and accruals, Handling the prepaid exp.
•Liaising with the bank, Monitoring the daily fund position including bank balance and cash balances.
•Supervision of AP function, Checking of the routine payments vouchers, Vendor Creation.
•Supervision of AR function, AR customer creation, checking of invoices, receipts applied, AR aging, Bed debts provision liaising with customers & other departments as required.
•Supervision of payroll operations by collecting information, calculating and managing data to process the monthly salary.
•Independently handling fixed asset module i.e. additions, transfers, deletion & running & checking the depreciation through system.
•Reporting to the Finance manager, working on GL, AR, AP, Cash Management and Inventory Modules under ERP set up i.e. “Oracle”.
•Handling finalization of two companies, preparation of monthly P&L, Balance sheet including schedule, cash flow statement and providing assistance in preparation of monthly MIS reports.
•Dealing in LC's, reviewing inventory reports, accounts payable reports and receivable aging report bank reconciliation, cash reconciliation and further follow up.
•Monitoring & reconciliation of inter-company transaction, passing the accruals, prepaid, bed debts provision and other necessary adjustments on group level for monthly closing.
•Handling transactions of companies some of the most important supplier \[processing of LPO’s, inventory receiving/issuing, invoicing, payments and preparing monthly inventory movement reports and monitoring inventory movement\]
•Additionally handling AR customer creation, pricing set up thru modifiers and qualifiers, inventory master items creation.
•Execution of audit requirements and providing assistance to auditors during audits.
•Report to the Finance manager/Chief Accountant, independently handling internal & statutory Audit relating to my job profile & responsible for Audit rating.
•Responsible for submitting monthly B/S schedules within stipulated deadline & preparing the cash flow on weekly basis.
•Monitoring & accounting of monthly expenses & accruals.
•Responsible for Bank reconciliation, coordinating with the bank authorities for monitoring of daily bank position, initiating funds transfer to and from subsidiaries & for various other issues.
•Responsible for tracking Inter company balances & interest calculation.
•Purchasing management, tracking of authority matrix for approvals, analysis of documents, responsible for releasing the Purchase order & tracking thereof.
•Payable management, invoicing, monitoring billing, payments, accounts reconciliation with holding company & subsidiaries.
•Worked under ERP set up “JD Edwards” - Mainly Fixed Assets Module, G/L Module, Accounts Payable & Accounts Receivable Module
•Responsible for monthly FA Schedule along with additions, deletions, transfers & depreciation of 54 business units pertaining to wholesale, retail divisions & supermarkets.
•Responsible for monthly distribution of prepaid exp like Rent, Sponsorship-fees, Trade license & Insurance. Preparations of monthly schedule for Prepaid A/C.
•Accounting of yearly insurance policies, making adjustments entries on renewal of policies & cancellation thereof.
•Reconciliation of creditors & responsible for releasing payments.
•Responsible for yearly statutory audit of Fixed Assets, Prepaid a/c & Insurance