Accountant
Seven Emirates Investment LLC (7 ELEVEN)
Total years of experience :12 years, 10 Months
Accounts Payables
Support and Manage the centralized invoicing process.
Monitor daily payable invoices and transactions as per the company chart of accounts and budgets.
Ensure timely payments to vendors against merchandise purchase and other external parties are made according to company policies and procedures.
Paying employees by verifying expense reports and preparing checks.
Verifies vendor accounts by reconciling monthly statements and related transactions, Pays vendors by monitoring discount / Rebates opportunities, scheduling and preparing checks, resolving purchase order, invoices, or payment discrepancies and documentation, insuring credit is received for outstanding memos.
Provide information and support to vendors on regular queries for payments and other matters.
Preparing analysis of accounts and producing monthly report.
Accounts Receivables
Maintaining and managing the timely issuing of Tax Invoices or Tax Credit Note to vendor against entry fee or listing fee or rental charges of gondola or promotion services on monthly basis.
Day to day reconciling cash sale and credit card sale against bank statement.
General Ledger Accounting and Maintenance
Managing journal entries and ensure proper general ledger coding in support of monthly closing.
Recording information such as accrual, deferral and interdepartmental entries into the company’s accounting ledger to perform account analysis to make sure that entries and balances are correct.
Prepares and records monthly Rebate, Listing Fee, Opening Fee and reporting to Merchandise / Purchase Department.
VAT Accounting
Review and monitor vat and excise duties in line with the Law & Regulations.
Monitoring Vat for applicable product and excise for tobacco, carbonated and energy drink are fairly charged by vendor.
Manage tax compliance, reporting, and filing works for the Entity.
Reconciling and Passing necessary adjusting entries for month end procedure and Vat filling.
Month End and Audit Support
Assisting Accounting Manager in month-end closing activities i.e. registering of Fixed Assets & Depreciation, Prepayment, Accruals, Petty cash accounts, Accrued salary and leave provision.
Preparing the reconciliations of GL accounts along with Trial Balance, Balance Sheet and P/L on monthly basis.
Physical verification of Inventory in all outlets at month end, preparing Pre Audit and Post Audit report, Inventory change report.
Support all internal and external audit activities to achieve unqualified report for the financial year.
Reporting
Generating and controlling monthly reports for cash, payables, and general ledgers.
Preparing Weekly, Monthly report of average Sales, Customer count, Transaction size, Gross profit and Write-off outlet wise. Comparing Budget Sales vs Actual Sales and reporting to concerned department.
Providing and handling regular and irregular reports to management/departments as and when required.
Preparing Sales Invoices and the upkeep of an accurate account filling system.
Passing Journal Entries, Updating Books of Account Day to Day.
Reconciles financial discrepancies by collecting and analyzing account information.
Maintaining statement of payroll, accrued salary, leave calculation and End of service.
Administer accounts receivable and accounts payable.
Reconciling Customer ledger & vendor Ledger with books of Accounts.
Following Vendor & Customer for payment & Receipt.
Maintaining Aged Payables & Aged Receivable Reports Weekly and Monthly.
Maintaining purchase/sale/Debtor/creditor/receipt/payment and making bank position.
Reconciling Bank statement and credit card at the end of the month.
Reconciling Cash statement and Petty cash Expenses.
Preparation of various report for Senior Managers.
Ability to accurately prepare daily, weekly, monthly, quarterly and annual reports.
Keeping records and reporting Job Profitability Reports - Job / Project / Site.
Preparing monthly Income, Profit and Loss Statement & Balance Sheet.
Preparing monthly statement of Cash Flow & Cash Forecast.
Maintain the complete Accounting system from Journal Entries to Balance Sheet.
Maintain day to day books of Accounts in Tally,
Maintain Bank Reconciliation Statement and Reconciliation Of Debtors & Creditors,
Keeping records of daily factory production and stock maintained.
Maintain inventory report and physical stock.
Maintain Journal Entry Sale, Purchase & Exp Invoice.
Maintaining Sales Order, Sales invoice, following for payments to be received
Maintain Aged Receivable reports.
Prepared weekly confidential sales reports for presentation to management.
B.COM ( HONS ) Details Specialization : Financial Accounting . Duration : 3 years Specialization on subject : 1st year - Financial Accounting, Indian Financial System. 2nd year - Cost Accounting, Direct & Indirect Tax 3rd year - Corporate Accounting, Statement Financial Analysis Statement of Financial Management, Auditing