Siddique Parathodika

➢ Financial Reporting & General Accounting

• Prepare and present monthly MIS reports, Financial Statements - Profit & Loss Statement, Balance Sheet, Cash Flow statements to the management.
• Daily Cash flow statement analysis and channelize the working capital by collaborating with Finance Manager and Divisional GM
• Daily bank deposit report and ensuring the cash and cheques are properly deposited on time and got credited in company’s account.
• Monitoring generation of periodical reports for managers such as utility consumption analysis reports, expense analysis reports, inventory variance reports and so on.
• Oversee monthly closing activities such as reconciliations; reviews accruals, provisions trial balance, general ledgers and its sub ledgers.
• Ensure proper recording revenue for all sales, discounts and promotions, set up of processes and systems to ensure proper accounting of all and ensuring tight system controls.
• Oversee fixed asset recording, physical count and controls.
• Monitor intercompany reconciliation and ensure closure of open items.
• Verifying and preparing reconciliation statements for Cash, Bank, Sales and Purchase accounts.
• Reconcile control account with its sub ledger account balances on monthly basis.

➢ Receivable and Credit Control

• Monitor ageing reports to control collection and overdue receivables.
• Preparing action plan on recoveries of overdue receivables, agreeing on timelines on the actions and ensuring follow up.
• Risk analysis and Sales Order release.
• Review customer credit terms in accordance with company guidelines and recommend update credit facilities to customers.
• Responsible for ensuring accuracy of invoice produced and timely delivery to clients.
• Publish weekly account receivables ageing report to sales team and follow up on collection.
• Other duties as delegated from time to time by Finance Manager or Divisional GM
• Maintaining customer payment history and grade.

➢ Accounts Payable

• Ensure payments are made to suppliers & clients in line with standing guide lines and agreed terms of the company with verifying proper attachments and approvals.
• Control issue of purchase orders within budgeted limits and agreements.
• Approval and release petty cash within company policy and as per internal control procedures
• Dealing with preparation and submission of VAT returns on timely basis.

➢ Audit

• Prepare various audit schedules and co-ordinate with external auditor to get audited the statements on time.
• Action Plans for any observation in internal audit and ensure completing the action plan within the committed time frame

• Preparing payments to suppliers and monitoring fund flow.
• Account receivables follow up with customers for payments and account reconciliation.
• Managing customer ledger entries and day to day receipts via cheques and bank transfers.
• Proper follow up of credit card receivables.
• Reconciliation: supplier ledgers, customer ledgers, bank accounts.
• Intercompany invoicing and follow up for getting payments or credit to proportionate accounts.

➢ Position performed

• Account receivable
• Account payable
• Intercompany account reconciliation
• Bank reconciliation
• Preparing monthly financial reports to the management
• Payments to suppliers and monitoring fund flow

• Make sure that all the invoices received from the suppliers directly and logging them in the system.
• Make sure that posting approved invoices into the ERP system.
• Prepare and submit monthly schedules showing the income earned from the suppliers through shelf rent, rebate, discount etc
• Preparing aged listings for suppliers and identification of payment due dates.
• Preparation of bank reconciliation statement.
• Preparing suppliers reconciliation statement and cheques for approval and make payments with supporting documents and invoices.