Senior Accountant
Alwarqa Survey Engineering
Total years of experience :9 years, 1 Months
• Preparation and submission of VAT returns before due dates and checking regular updates on Federal Tax Authority portal.
• Monitored day to day financial transactions of the company, verified and approved payment vouchers, purchase orders and issued debit and credit notes using Tally ERP and Quckbooks Online.
• Prepared monthly financial statements P&L Account and Balance Sheet, and performed account reconciliations.
• Prepared vendor and customer monthly aging reports and presented in management meetings.
• Managed intercompany financial transactions and ensured associated journal entries posted correctly in Tally.
• Monthly payroll processing under the WPS system as per the UAE labour Law.
• Generated customer invoices, account statements and performed reconciliations.
• Verified and allocated sub ledger accounts and reconciled on timely basis.
• Worked closely with other departments, such as procurement and operations, to ensure seamless coordination and communication regarding accounts payable matters.
• Collaborated with internal and external auditors to provide supporting documentation and participate in audit activities.
• Prepared and posted month end closing journal entries, prepayment amortization + End of service accruals + bonus accruals + invoice accruals and others.
• Preparing cash flow and funds flow statements.
• Act as a point of contact for vendors regarding payment status, invoice discrepancies, and other accounts payable related concernss, resolved issues in a timely and efficient manner.
• Produced estimates of funds required for the short and long-term financial objectives of the organization.
• Scheduled priority based payments to vendors as per availability of funds.
• Conducted regular reconciliations of accounts payable and receivable records to ensure accuracy and proper allocation of expenses.
• Communicated with valued customers and discussed on overdue payment issues and resolved discrepancies.
• Cost Control monitoring actual costs against planned costs, analyzing variances.
• Identified and provided recommendations for cost control areas and efficiency improvements.
• Assisted in planning, organizing, and executing financial tasks of various projects and contracts of the company.
• Maintained fixed assets records, calculated and posted depreciation expenses entries in the system in compliance to company policies and procedures.
• Assigned responsibilities to team members and monitored accuracy of transactions and completeness.
• Established credit limits for selective customers to minimize the risk of bad debts.
• Maintained chart of accounts, country specific and group, operational and foreign currency valuation.
• Posted outgoing and incoming payments in SAP system and cleared the relevant open items.
• Prepared vendor and customer aging reports.
• General ledger posting, depreciation posting and periodic voucher postings.
• Vendor/Customer invoice posting, credit memo, posting special G/L transactions (advances or down payment).
• Ensured that all invoices are paid in due time as per the payment due dates.
• Maintained hold and parked documents, sample and reversal documents.
• Set up Automatic payments program to vendor and Payment terms & Payment method.
• Maintained dunning procedure, assignment in the customer master and execution of dunning program.
• Extended withholding Tax and created Tax Codes for sales/purchase.
• Booking of all AR related transactions in line with Company policies and procedures.
• Booking of all local and foreign supplier invoices in line with Company policies and procedures, and agreements with the respective suppliers.
• Maintained cost centre, profit centre and primary and secondary cost elements with appropriate cost element category.
• Monthly reconciliation of vendor accounts.
• Cash Flow monitoring and reporting.