Taha Raza

Accounts Payable

•Prepare monthly accrual provisions, Fixed Asset, prepayments schedules, depreciation, Insurance; Intercompany balances reconciliation.

•Review, record and pay supplier invoices in oracle and allocate GL codes according to nature of items/services in general Ledger.

•Review Purchase order processed from Procurement department in oracle to identify any wrong allocations.

•Preparing Payment Requests and upload in Bank sites to make supplier payments through telegraphic transfers.

•Perform Monthly reconciliations of supplier’s SOA with oracle system SOA to identify any variances.

•Monitor and review the supplier’s outstanding balances through aging analysis regularly to ensure the timely payments.

•Manage Petty Cash Management for all Fitness Time Clubs and with proper recording of cash vouchers in oracle and matching physical cash at month end with oracle.

•Reconcile the bank accounts and verify the bank balances with general ledger on daily basis.

•Prepare Bank reconcialtion reports on monthly basis to identify any variances.

•Review Payroll sheet with supporting and prepare WPS sif files along with payroll costing report for management reporting purpose.

•Monthly GL accounts analysis after accounting run to identify any variances and discrepancies’.

•Assist Manager in month end closing of Accounts, VAT reports and other ad hoc reports required by Head office.

Accounts Receivable

•Review and reconcile daily sales reports (DSR) received from fitness clubs from Fitness Force software to ensure all sales are properly encoded and identify any variance.

•Verify daily Card and cash transactions through Network international report and daily sales cash deposits.

•Verify any wrong rate application of premium and standard credit cards by network international which is not matching with our agreement with them.

•Perform monthly reconciliation of all AR transactions after syncing from Fitness force software into oracle to identify any variance.

•Review Sales and PT commissions of all UAE Clubs by verifying through Fitness force and identify any variances before submitting for payment.

•Verify and match Recognized Revenue at month end in oracle.

•Prepare Budget vs Actual sales report of all clubs to monitor clubs performance and reporting to management.

•Liaising with Treasury Department for verification & posting of foreign currency buying / selling deals and preparing funding report on a daily basis.

•Checking & posting the OPO & IPO transactions.

•Handling monthly reconciliations of intercompany balances, bank balances and GL accounts.

•Timely Collection of receivables from company’s associates, subsidiaries, third party agents & other business entities.

•Preparing journal entries and reconciling accounts as allocated by Accounting Manager and ensuring that all necessary journals are passed on time.

•Processing all supplier payments and perform monthly supplier statements reconciliations as per organizational payment policy / terms.

•Prepare and assist manager in preparing month end and year end Accounts payable reports.

•Liaise with suppliers on reconciliations and open outstanding payments.

•Conducting customers’ accounts analysis and reports to management for long term outstanding bills.

•Assist Finance Manager to produce company’s annual Budget, quarterly forecast, variance analysis and other reporting requirements.

•Generate financial statements for review and assist accounting manager in monthly closing of accounts.

•Managing the Fixed Asset Register with proper recording of disposals, acquisitions &depreciation.

•Carrying out schedules for all pre-payment, receivables, insurances premiums &accrual accounts and reconciling the same with books.

•Conducting analysis of daily remittance transactions for verification of specified exchange rates limits.

•Conducting weekly analysis of GL accounts for checking accuracy of figures and preparing relevant reports.

•Prepares Account receivables aging reports for analysis and management reports.

Role:
•Developed the invoices & bills to clients on the basis of technical services rendered.

•Compiled & analyzed the financial information to prepare general entries to accounts.

•Prepare financial statements and management reports on business control.

•Prepare and filed Payroll, sales and property tax returns and schedules.

•Involved in costing of all services on the basis of project size &duration.

•Handled the fixed asset schedule.

•Ensured the compliance with Generally Accepted Accounting Principles & Company Procedures.

•Monitoring accounts payable ledger and accruals and processing of vendor payments.

•Monitoring accounts receivable and debtor’s ledger and monthly closing of accounts receivable.

•Perform costing on all services depending on
project size and duration.

Role:
•Invoiced to various clients on the basis of rendered services &accurate postings in the ledger
•Managed the petty cash expenses of e-business offices and controlled expenditures through allocated limits
•Issued the purchase orders on the basis of cost benefits analysis &supplier’s creditability / experience
•Assisted Manager in preparing divisional financial statements & handled reconciliation with head office&division accounts
•Involved in costing of spare parts of POS terminals &cards delivered to various clients
•Processing Bank and LC documentation and dealing with Banks on negotiable rate for faster process.
•Preparation departmental budgets to control expenses and perform variance analysis on monthly basis.
•Controlled the expenses and allocated the budgets of e-business offices across the country.
•Managed the costing of inventory of POS terminals& its operations countrywide
•Monitored the movements &insurance of terminals at deployed &un-deployed locations and settled the claims with Insurance Companies
•Looked after physical stock by handling inventory spares parts / POS terminals &reconciled with inventory record
•Developed annual &monthly inventory reports for management reporting & conducted analysis for future POS inventory