Senior Accountant
Blue Line Industries LLC
Total years of experience :16 years, 0 Months
§ Re-design Company’s Chart of Accounts in order to generate basic reports from software itself
(Expense Classification, Find assets, Liability and Deposit items that’s wrongly grouped under expense/income accounts)
§ Re-design Inventory system (Changing method of Item Coding, creating/Altering Item groups, Barcoding, Set pricing levels)
§ Closing books that’s not closed since 2009, providing necessary yearly provisions, and adjustments that’s not done in system
but only in Audited TB for above 10yrs, in order to tally figures in system with audited financials
§ Recording of New or missing assets/liabilities/capital accounts, and recognition of revenues, and expenditures missing in previous periods and pass adjusting entries in the current period, verifying valid supporting documents with signs
§ Maintain and update fixed assets schedules, Gratuity Schedule, Prepayment Schedule
§ Reconciling ledger & Group balances by verifying, changing wrong allocations and Resolving discrepancies
§ Ensures the integrity of accounting by verifying vouchers, consolidating reports for branches
§ Salary and OT Calculations and WPS processing with Banks
§ Review fines and staff deductions for payroll
§ Keep an eye on Production giving updated information to production team about stocks, Order in hand and Delivery times
§ Avoids legal Risks by complying with legal requirements and documents validation
§ Review of other contracts/business agreements (Vendor Registration, Credit facility forms, customer trade license And keep an eye on its expiry) and staff records and its expiry
§ Supervising accounting staff: Guiding junior accountants and coordinate with other sales/Procurement team
§ Focus on Vat compliance and filing before deadline and Pay in time before any penalties, also maintain Hardcopy of returns
§ Prepare financial reports, Including profit and loss statement, B/S, Cash Flows and Income & Expenses analysis, other Ad-Hocs with Charts as required by management
§ Assisting Accounts Manager in the design and preparation of budgets and forecasting
§ Support external auditors by preparing all audit requirements in file that’s matched with hard docs
§ Supervisory Tasks:
o Verify Delivery notes are uploaded in time on SAP Ariba portal (For Adnoc Groups) by invoicing team.
o Check if the GRN is generated by system or invoice is automated by portal and then passed necessary entries in system accordingly
o Check whether the Tax invoices are collected from suppliers by Procurement team against the LPOs & Proforma Invoices and those having necessary documents including BOEs
Follow up Receivables and Payables on daily basis without any negligence
Background: Top 5 Chinese Tourist firm in Dubai
Reason to leave company: Company shut down due to Covid-19 Out-break
Invoicing to Tourist agents(in USD, AED, RMB)
Sales Commission Invoices to Local shops for referring tourists
Tourist guide payments
Input Expense Bills (Purchase, cash and Office supplies)
Voucher Entries, Vendors payment and other utility bills by online and through Cheques
Liaison with banks-(payment, Chq Deposits, Online transfer)& Bank Reconciliation
Maintain Petty cash reimbursement sheet with different agents
Collection from Tourist agents for local tours
Printing Daybook, cashbook sales register from system on daily basis asper Management Request
Analysis reports of sales, expenses with charts
Monthly Profit and Loss and Balance sheet
WPS Processing
Background: Audit Firm(Among Big 10 companies in the World and 5 in UAE), Staff Strength: 80-100
Brief: Crowe Horwath is the 9th largest accounting firm of the top 10 accounting firms in the world with $3.8 billion in revenue, Crowe Horwath has 216 member firms and operations in 129 countries. Have over 760 offices, 35, 327 employees around the world. (2023 Ranking)
Finalize accounts and provide consultancy service and other advisory assignments in the field of accountancy:
(Maintenance of proper books of accounts, Helping them in Choosing software & ERP packages and Its Implementation, Assist the Clients in Preparing Audit Requirements(Arrange client’s files, Collect supportings, Party/Bank confirmations, Verify agreements to confirm provided amount or Booked, Reqd. Legal documents, verify schedules or Making it if not maintained, Assist our Auditors in Verifying client files during Audits or other Investigation assignments Etc.)
Do Missing entries, backlogs and supervision on all parts of clients’ accounts up to finalization with MIS Reports
Ageing Reports for Receivables & Payables, Balance Sheet, Income Stmt(SCI) & Stmt of Cash Flow
Making Schedules to Fixed Assets, Prepayments, Gratuity, Deposits Etc. for clients and for easy access to Auditors
Assisting Client Accountants in WPS Preparations
Bank Reconciliation assignments to clients for long periods where it’s not done periodically(More than one Bank)
Monthly/Qtly and yearly Analysis of Sales & Purchases that helps in Decision making
Ratio Analysis Profitability Reports with Charts(GP Ratios, Net Profit Ratios, Operating Ratios)
Consolidated income statement and Balance sheet for group companies
Ad-Hoc Reports like Share Holders Current A/cs, Sh.Holders Loans and its monthly movement
Background: Foodstuff (Whole Sales)
Brief: One of the old Food stuff wholesales pupil since 2005, Staff strength: 25
• Performing day to day Purchasing & Selling activities and Managing Deliveries
(Sending Quotes, Raising Invoice, Prepare LPO, Enter Bills Purchase& Petty cash Expense, Making GRN, D/O& Packing list,
And other delivery Documents if any Exports are there
• Arrange Due bills for payment & Sending SOA with Ageing to Customers by mail or by hand for collection
• Receivable Ageing report by Due date /Customer wise & also sort by Salesman and Area wise using spreadsheet
• Payable Ageing Report, by Due date /Supplier wise and release cash OR Writing cheques keeping an eye on sufficient funds
• Liaison with Banks (Transfers, Cash & Cheques Deposits, Withdrawals and Bank-Reconciliation
• Helping management in making Price list for different Customers with different slabs
• Customer and Products Profitability Report (Sales By Product and By Customers) for Decision making
• Prepare Non-moving /dead stock list, Weekly adjustment of negative stock before Taking physical stock on Qtly basis
• Credit Card Reconciliation with Bank system and Card Statement,
• Provisions for Bad &Doubtful debts and loss/Damages
• Provision for Employee Payables, Maintain Accrual basis entry for all recurring expenses
• Maintain all other license, agreements, staff &vehicle records keeping an eye on Expiry with help of Spreadsheet
• P&L, B/Sheets and cash Flow
• WPS Process for salary
Background: Chartered Accountant firm
Brief: One of the leading firms in UAE, specialized in Audit &Accounts, assistance the Companies in Business set up, Legal advice and financial services
Designation: Accounts Executive/Audit assistant Responsibilities: Consulting Clients’ Accounts
Supervision of clients’ accounts; By doing backlogs, Making Corrections in entries, Re-check Vouchers
Data entry for Current year and backdated; then verify if properly provided on accrual basis before payment And for generating final Reports as per accounting standards
Reclassify/Modify COA suitable for business, Check if Income & Exp. Booked accurately
Working with WIP, Cost centers and Preoperative Expense Etc.
• Prepare MIS Reports and Statement of Cash Flow
• Prepare WPS(payroll SIF file) for clients payroll work and Submission to Bank
• Bank -Reconciliation for Clients for current period and previous periods
Schedules for Depreciation, Gratuity, Prepayments and Expense payables.
Stock taking for Clients and Prepare Closing Stock Reports
Profit/Cost center based Reports and its yearly comparison.
• Prepare Financial Statements and supporting schedule and Recheck Printed F/S for Auditors
Background: Charity firm/Ayurveda & Siddha Treatment, Medicine sales
Designation: Regional Accountant
Responsibilities: Handling Accounts & Cash, Office Administration
Software Used: Tally7.2
• Invoicing to patients, Making Receipt/Payment Voucher, Writing Cheques, LPO, Entering Medicine stocks
• Oversee Stocks and cash in all the branches under Region and Monthly Analysis
• Sending Daily Activities Reports for medicine sales, IP/OP treatment Sales& incentive reports (Doctor Wise), collection to HO
• Preparing Consolidated Profit & Loss statement and B/Sheet for all branches under region and for all regions under HO as well
• Stock taking and sending Report(Quarterly, half yearly & yearly) to H/O by branch wise and consolidated
• Very Branch Payable& Receivable report from Regions. And Double check if inter branches are tallied under those regions
• Cash Flow statements(HO), Bank reconciliation(HO)
• Maintaining Staff Records, Payroll works of Accounts Division under HO, also for Regions
• Computing and Filing of Sales Tax(Vat)Returns for Branches and Submit the same to H.O
• Helps in Business promotional activities such as Media Advt. Online marketing about Treatments
Advanced accounting, Business Law, Statistics and Economics, Costing,Management Accounting