Senior Accountant
Property Shop Investment LLC
مجموع سنوات الخبرة :14 years, 8 أشهر
Daily Updating Commission Receipt(Leasing/PM fees) Deal Files in Smartsheet, Updating Property Management Leasing//Move in Move out activities, Processing Payments for PM Maintenance Vendor’s, Verify Daily Petty cash Vouchers, Following up for pending documents once deal closed. Maintain separate file for Security deposit/rental PDC Chq details. Revenue updation by reviewing Receipt Voucher & Posting into system, monthly closing Entries - Accrual/Amortization/Depreciation, Bill Booking Entries &
Preparing Financial Statements Profit &Loss A/c, Balance sheet & cash flow reports.
Prepare month-end, quarter-end and year-end close processes ensuring financial statements are accurate, complete and in accordance with accounting standards.
Reconciliation of Various sister company Intercompany Accounts
Preparing consolidated budget report for Management, Various Ratio Analysis report.
Preparing & analyzing Daily & Monthly cash flow to determine monthly fund position and cash needs for manager finance.
Maintain Internal Control Check List.
Preparing Monthly projection cash flow (Forcasting) reports.
Preparing variance analysis report for management of actual and budgeted expenses on monthly basis.
Preparing Quarterly VAT Reports, Prepare tax filings ensuring they are in compliance with local market requirement.
Supervising & passing all the necessary closing entries such as JV’s, Invoice booking, Provisions, Prepaid, Depreciation and reversing entries.
Invoice booking of Various Operation Expenses & Fixed Assets Entries.
Liaise with bankers for better exchange rates for International payments.
Overseeing accounts payable function by verifying vendor’s invoices with GRN and LPO.
Coordinating with Insurance Company for better rates for various Insurance Policies.
Preparing Vendor Ageing Report & Process payment according to terms of Payment/cash flow.
Stock Take & Inventory Controlling, verify Inventory Ageing/Valuation Report.
Follow up with the supplier for Credit Note or any other deductions such as Trade Discount/Rebates/Marketing Activities that we deserve, as per the agreed terms.
Vendor reconciliations resolve differences and answer supplier’s queries.
Verify & Process payments through Cheque for Local Suppliers & Wire Transfer/ LC Creation for International Suppliers.
Prepare & Review monthly Payroll & process through WPS.
Verifying employees expense reimbursement as per company policies.
Coordination with statutory auditors for timely completion of Audit as per IFRS.
Verifying Customer Ageing report & the receipts such as cheques, cash & Draft collection.
Follow up payments from customers for the Overdue & Due Invoices.
Research cash receipts, code and posting of receipts.
Protects operations by keeping financial information confidential.
Contributes to team effort by accomplishing related results as needed.
Organizes and maintains up to date financial records.
Achievements
Improved Supplier Payments as per Agreed terms &Projected Cash Flow.
Month End Closing Report & will submit by 1st week of every month.
Microsoft Navision System Up gradation.
Maintain CAPEX file.
Vendor Reconciliation Solution.
Follow up for Rebates such as Bonus Receivable from Suppliers.
Month end Check List to ensure all entries passed in the system such as Operating Expenses & Accrued Expenses, Prepaid Expenses, Depreciation, Other Journal vouchers.
Handling General Accounting at group level.
Handling & reconciliation of Inter Company Accounts.
Handling FMCG Division.
Handling accounts of 15 Stores of Carters Brand (Fashion) till Finalization.
Monitoring over the daily financial operation of stores. Supervision over daily sales statements, Credit Card, Gift Voucher, Credit Sales transactions, and cash transactions.
Reconciliation of Bank, Vendor, Credit card transaction, Accrued Accounts, Inter Company Accounts and liaison with bank and Associates.
Monitoring Petty cash expenses, Utility Expenses (Electricity, Water and Telephone) daily and monthly basis.
Effectively organized the Company’s Fixed Asset Schedule with proper allocation of Acquisition costs.
Analyze Aging report of payables. Reconciling vendor outstanding payment on monthly basis and processing the payments as per due date.
Maintain separate files for payments of Project and Maintenance work in existing &new store according to their work completion. Preparing monthly project reports and submitting to Manager and Director.
Monitoring over ledger accounts of all expenses to trace out unnecessary expenses and proposing effective methods to management to eliminate such cost.
Preparing cash flow statements.
Scrutiny of GL accounts and day to day accounting entries.
Preparing financial statement, Profit & Loss and Balance Sheet.
Maintain PDC Cheques File for Rental Income of mall management.
Daily & month end operating Entries & Prepare P& L report of Mall Management (Sharjah Shopping Centre)
Preparing Monthly bank Reconciliation Statement.
Follow up Terms of payment for Vendors.
Month ending entries such as Debit note, J.V., overhead charges, In-house payment entries.
ACHIEVEMENTS
Support for Implantation from JD Edward to Microsoft Navision.
Improved Supplier Payment Process
Ensuring Month end entries to be closed by 2rd of every month.
Review & improved Process for Petty Cash Expenses for Daily Activities.
Month end Check List
Making payments to vendor as per terms of payments.
Checking purchase invoices as per L.P.O.
Supplier Invoices to check & process the payment for Trading & No-Trading Suppliers.
Keeping good relationship with suppliers & solving reconciliation issues.
Filing important documents in systematic manner.
Prepare Bank Reconciliation statement.
Handling & Maintaining Petty cash for daily expenses.
Daily Entries like Bank voucher, Cash voucher, Expense Bills etc.
Analysis & Review of various Operating Expenses.
Finance
courses: Pursuing CMA (Certified Management Accountant) from USA.