AM Consolidation & Reporting
Afiniti Software Solution Pvt Ltd
Total years of experience :8 years, 7 Months
Assist SM accounts in month closing process of company at consolidation level including subsidiaries outside Pakistan.
Preparation of P&L and Balance Sheet at consolidation level by commenting on variance in expense and flex in balance sheet MOM and YTD.
Preparation of P&L and Balance Sheet schedules verify correctness and accuracy of data.
Preparation of department slides and presenting it to top management by explaining MOM variances.
Preparation of department relocation schedules. Doing transfer pricing of multinational entities.
Verify that data input in NetSuite is allocated to correct cost center & correct GL account.
Preparation of Pakistan entity tax challans, monthly and quarterly tax returns and submission of them on FBR and relevant portals.
Reconciliation of fix asset balance in balance sheet with FAM module. Submission of payroll tax on monthly basis on FBR portal
I was business owner and was managing business finance and administration.
• Management of financial borrowing and provide proposal regarding financing new project with by loan with best interest rates or using internal company funds.
• Management of working capital cycle.
• Writing company accounting policies as per IFRS.
• Preparation of financial statement for auditors and management.
• Preparation of Monthly management accounts, Profit and Loss by passing closing entries and provide report to owners on profitability and the factors effecting business.
• Preparation of yearly budget’s using historical base method.
• Calculate the landed costs of purchases and updating inventory.
• Maintain the fixed assets register in the accounting system.
• Maintain general and subsidiary ledgers, accounts receivable, accounts payable revenue distribution, depreciation, cost, property, and operating expenses, and insurance records.
• Assist in the development and implementation of goals, policies, priorities, and procedures relating to financial management, budget, accounting, and payroll.
• Verify correctness of all quotations issued by any team member.
• Follow up payable and receivable accounts.
• Monitor and periodically summarize all petty cash floats and expenses across the company
• Record supplier invoices in the accounting system
• Performing Reconciliations (Bank Reconciliations & Suppliers reconciliation)
• Submission of VAT returns as per FTA laws.
• Responsible for the preparation of inter-company reconciliations and the resolution of outstanding items.
• Daily management of Cash.
• Maintaining record of day to day transactions in tally ERP.
• Maintaining payroll record of employees and payment of salary to employees.
• Managing Accounts Payable and Accounts Receivable.
• Checks and approves all Payment/Receipt Vouchers.
• Preparation of Monthly and Yearly Reports and Financial Statements.
• Monthly bank Reconciliation.
• Preparing and maintaining accounting records in accordance with financial and regulatory reporting requirements.
• Correspondence with suppliers regarding daily purchase order.
• Audit of inventory on weekly basis.
• Maintaining track record of stock as to implement internal controls.
• Preparation of monthly Management accounts, Balance Sheet & Profit and Loss Analysis
• Direct correspondence to client and advising them the efficient way to save the corporation tax.
• Day to day recording of transaction on software’s (Bookkeeping software’s).
• Preparation of quarterly VAT returns of Company’s.
• Finalization of year end accounts.
• Yearly completing Income tax returns (Personal Tax return).
• Filing of VAT return and Yearend accounts with relevant authorities.
• Daily management of Cash.
• Maintaining record of day to day transactions.
• Maintaining payroll record of employees and payment of salary to employees.
• Reviewing Accounts Payable and Accounts Receivable Aging Reports.
• Checks and approves all Payment/Receipt Vouchers.
• Assist in preparing and submitting tax returns.
• Monthly bank Reconciliation.
• Preparing and maintaining accounting records in accordance with financial and regulatory reporting requirements.
• Approving of sales vouchers and monitoring daily sales transaction.
• Daily management of Cash.
• Preparing intercompany reconciliation and confirmation on monthly basis.
• Reviewing Accounts Payable and Accounts Receivable Aging Reports.
• Checks and approves all Payment/Receipt Vouchers.
• Preparing and submitting tax returns.
• Monthly bank Reconciliation.
• Preparing and maintaining accounting records in accordance with financial and regulatory reporting requirements.
I am bachelors in commerce