Account Officer
Midal Cables LTd
مجموع سنوات الخبرة :9 years, 7 أشهر
Account Receivables Management of the Midal Group
Creation of customer after analyzing customer credit viability and credit worthiness of company.
Enabling proper control over customer credit control and fixing the credit limit.
Posts customer payments by recording cash, checks, and credit card transactions.
Posts revenues by verifying and entering transactions form lock box and local deposits.
Updates receivables by totaling unpaid invoices.
Maintains records by microfilming invoices, debits, and credits.
Verifies validity of account discrepancies by obtaining and investigating information from sales, trade promotions, customer service departments, and from customers;
Resolves valid or authorized deductions by entering adjusting entries.
Resolves invalid or unauthorized deductions by following pending deductions procedures.
Resolves collections by examining customer payment plans, payment history, credit line; coordinating contact with collections department.
Summarizes receivables by maintaining invoice accounts; coordinating monthly transfer to accounts receivable account; verifying totals; preparing report.
Preparation of cash flow statement.
Reconciliation of accounted PDCs with bank statement on monthly basis.
Preparation of credit memo for customer.
Handling of insurance claims and related activities (Additional premium, claim premium ratios etc.)
Handling of LC management and full filling all finance requirement for the LCs.
Proper management over LC discounting and Factoring finance
Analysis and accounting of all the bank charges involved in LC, bank transfer and factoring funding
Bad debt recognition and providing of provision for bad debt for the consecutive years and writing off of Bad debt after considering management approval
Facilitating internal audit requirement of the company
Facilitating yearly financial audit by providing proper information’s and documents
Supporting VAT return filing and prompt calculation of VAT payable after considering all relevant VAT input availability.
Costing
Regular review of General Ledgers & Clearing/Controlling accounts
Regular review of Inventory Valuation & COGS analysis
Analysis of RMC Consumption & availing CENVAT Credit
Regular review of Labor hours bookings & Assessment and Distribution in SAP
Calculation of CLHR for absorption of Overheads into Production Units
Calculation of Under/Over absorption of Overheads & Accounting
Production orders wise variance analysis (Comparison of Planned Cost with Actual)
Preparation of Profitability statements for Projects
Fixed Assets Accounting and Physical verification
Allocating and releasing Revenue & Capital Budgets in SAP
Accounting of Inter Unit Stock Transfer and Debit Notes
Creating & Releasing D&E work orders & Internal Orders
Value reduction of Inventory, Provision for Obsolescence & Provision for ED on FG
Replying Internal Audit queries & Maintaining Cost Records
Selling Price Vetting and verification
Capital & Revenue Budget Preparation
Stock analysis, Budget allocation & Carry forward of Budget
Regular analysis and review of variance between target and actual cost
Purchase Finance:
Verifying RFQ (Request for Quotation) with respect to Indenter’s requirements
PNC vetting -Verification of -
Quotes with reference to RFQ
1. Requirement of items with reference to Bill of Material (BOM)
2. Stock availability in SAP across the BEL
3. Budget availability to the concerned Project.
4. Make/Model, Selling price etc.
5. Preparing Comparative statement
6. Follow up of Purchase procedure
PO vetting
Verifying the Draft PO with respect to management sanction.
Releasing of PO in SAP
Receivable
To critically analyze and verify the price, tax implications, terms and conditions of the sale order
Releasing of sale order after critical verification
Analysis of OBD (Out Bound Delivery) with actual delivery
Verification of proof of delivery and accounting of sales
Advance adjustment and accounting of sales
Preparation of Various reports regarding Sales, Debtors and project wise Reporting of Revenues
Regular review on VAT payable and VAT calculation processes
Follow up on CST(Central Sales Tax) and calculation
Cost and Management Accountant (CWA)
Bachelor of Business Administration
Primary Studies