Accountant
Red Entertainment Distribution FZCO
Total years of experience :19 years, 9 Months
• Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets.
• Assign tag numbers to fixed assets.
• Record fixed asset acquisitions and dispositions in the accounting system.
• Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
• Calculate depreciation for all fixed assets.
• Review and update the detailed schedule of fixed assets and accumulated depreciation.
• Petty cash replenishments and disbursements & ensure that all petty cash transactions are reconciled and that the petty cash float is maintained at the required level.
• Performs accounts payable duties such as directing, paying, and verifying all invoices for payment, ensure expenditures are charged to appropriate accounts;
• Maintains and updates records of prepaid and accrued expenses
• Conduct cycle count at warehouses & analyse stock count results.
• Perform reconciliation and investigations on the stock variances
• Prepare monthly cycle count reports & analysis.
• Updating and maintaining statutory reporting and documentation
• Responding to external and internal queries
• Reconciliation of accounting GLs, then Identify and resolve discrepancies.
• Preparing and processing payments (EFT).
• Monthly bank reconciliation & pass the necessary adjustments for the foreign exchange.
• Produce monthly financial reports of the company and analyze accounts of the company
• Analyses and prepares reports on collection of receivable to management
• Provide all Ad hoc reports timely to individuals & departments.
• Processing high amount of invoices in a timely manner.
• Ensure approvals are complete and coding are accurate
• Analyses and prepares reports on collection of receivable to management.
• Process general ledger entries related to accruals and fixed assets.
• Process of journal entries related to ancillary revenue segments of the business.
• Process and validate cost allocation and other journal entries for project cost accounting.
• Ensure proper recharges of business costs and reconciliation of employee advances.
• Ensure adherence to basic accounting conventions and principles related to general ledger accounting.
• Ensure independent review of general ledger accounts and report issues to the team leader on unreconciled balances.
• Ensure Payment partner & travel partners reconcilations.
• Ensure entries & reconcilations for ONBOS retail transactions
• Prepare and submit audit schedules and reports in accordance with accounting standards.
• Create project accounts in the accounting system
• Maintain project-related records, including contracts and change orders
• Authorize access to project accounts
• Authorize the transfer of expenses into and out of project-related accounts
• Review and approve supplier invoices related to a project
• Review and approve timesheets for work related to a project
• Review account totals related to project assets and expenses
• Investigate project variances and submit variance reports to management
• Report on project profitability to management
• Create or approve all project-related billings to customers
• Compile information for internal and external auditors, as required
Preparation of Financial Statements (Profit & Loss Account, Balance Sheet and Cash Flow).
Coordinate with Auditors for Providing desired information and prepare replies of Audit Notes.
Prepare, examine, and analyze accounting records, financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
Costing - Preparation of Cost Analysis Reports.
Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses or to provide advice.
Report to management regarding the finances of establishment.
Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.
Appraise, evaluate, and inventory real property and equipment, recording information such as the property's description, value, and location.
Liaison with banks and handling all Banking matters.
Monitoring the Receipts and Payments policies and procedure
Preparation of Debtors and Creditors Reports ( Age Analysis)
Preparation of Cash, Bank and General Vouchers.
Preparation of Cash/ Bank Book.
Preparation of Payroll Summaries.
Preparation of General Ledger, Trial Balance with subsidiary Account.
Preparation of Bank Reconciliation Statements.
Responsible for Custom clearance and documentation
Preparation of Financial Statements (Profit & Loss Account, Balance Sheet and Cash Flow).
Coordinate to External Auditors for Providing desired information and documents and prepare
replies of Audit Notes.
Monitoring the Receipts and Payments policies and procedure in respect of invoicing, payment
and recovery.
Costing - Preparation of Cost Analysis Reports.
Ensure effective fixed assets & inventory control is applied.
Liaison with banks and handling all Banking matters.
To Prepare the Debtors and Creditors Reports ( Age Analysis)
Maintain Property Plant & Equipment Movement Schedule on a monthly
Preparation of Cash, Bank and General Vouchers.
Preparation of Cash/ Bank Book.
Preparation of Payroll Summaries.
Preparation of General Ledger, Trial Balance with subsidiary Account.
Preparation of Bank Reconciliation Statements.
Analysis of Financial Statements.
Other Duties Assigned by the Management of the Company.
MBA Finance
B.I.T
B.Com (Hons)