Umar Basit

I am working as Project Accountant at ACC (Pvt) Limited. ACC (Pvt) limited selected by FWO as Quality assurance Inspection of FWO Project Motorway M2 (ISB-LHR).Construction of road 357km.

Roles and Responsibilities

1. Managing project chart of accounts
2. Maintain project-related records, including contracts and change orders
3. Authorize access to project accounts
4. Authorize the transfer of expenses into and out of project-related accounts
5. Review and approve supplier invoices related to a project
6. Review and approve time sheets for work related to a project
7. Review and approve overhead charges to be applied to a project
8. Review account totals related to project assets and expenses
9. Investigate project variances and submit variance reports to management
10. Confer with receivables staff regarding unpaid contract billings
11. Report on project profitability to management
12. Report to management on any opportunities for additional billings
13. Report to management regarding the remaining funding available for branch office.
14. Create or approve all project-related billings to branch offices
15. Investigate all project expenses not billed to customers
16. Respond to requests for more detail from customers
17. Approve the write off of any project-related billings that cannot be billed to or collected from customers
18. Responsible for Close out project accounts upon project completion
19. Create and submit reports and tax returns related to projects
20. Compile information for internal and external auditors, as required

DUTIES AND RESPONSIBILITIES

Working on A/c Receivables
check all the balances with third party confirmation
Checking company provision for account receivables.

Accounts Payables
checking the A/P and ensure that all the controls have been implemented
Cast payable with supported documents

Fixed Assets
To Check all the fixed assets movements, scrutinize all the working of fixed assets prepared by the company
Ensure that company policy for fixed asset have been consistently applied.

Class of item
Checking the details of all the accounts and ensure that all the sales and other expenses have been entered in the relevant account

Sales
Check all the sales ledger items with supported documents.
Use Analytical procedure for sales to check the relevancy of income.
check external confirmation for sales revenue.

Purchases
Check all the purchases receipts with supported documents
Check external confirmation of purchases from creditors, If necessary

Taxation
Checking all sales invoices with reference to sales tax and ensure that all invoices are entered correctly in the books of accounts.
Resolves NTN, Tax matters, Wealth Statement, Sales return, WHT etc

Company Registration
Company registration by following SECP procedure and policies.
Company Inspection, Search Report etc
Financial Services etc.

Bank Reconciliation
Check bank statement and tally balances with cheque book and identify mistakes.
To check bank deposit slips and payments, balances, and Account details.

Payroll
To check staff salaries and identifies taxable employees.
To check Employees bonuses, or any other compensation.
To check all the details of Payroll A/c

Cash
To check all cash transactions related to sales and purchases and expenses

Budgeting, forecasting & monitoring the expenses, revenues.

Analysis of Profit and loss a/c, Balance sheet, by scrutinizing general ledgers and accounts.

Evaluate companies performance by Ratio analysis and trend analysis.

Handling the Full Accounts from the beginning stage of company setup.


Maintain the complete Accounting System from Journal Entries to the Balance Sheet.


Responsible for maintaining the accuracy in Financial Statements.


Passing Journal Entries, Rectifying Entries and preparing Ledgers, Trial Balance, Profit and Loss Account and Balance Sheet.


Preparation of Bank Reconciliation Statements.



Audit Assistance provided to Companies included:
1) Potohar Steel Mills
2) Reliance Corporation Pvt ltd (IT Services)
3) SIS Corporation Pvt ltd
4) HSC Technology Pvt Ltd (Health Services)
5) Glamour Destination (Travel Agency)
6) Reliance International ltd.

“FINANCE AND ACCOUNTS MANAGER”
DUTIES AND RESPONSIBILITIES

• Successfully Procurement & managed 10 departments included Color cosmetics, Optics, Toiletries, Skin care, Food Items, Baby section, Medicine, Food supplements, Perfumes, Including top brands.
• Preparing an annual budget, scheduling expenditures, analyzing variances, initiating corrective actions.
• Checking the A/P and ensure that all the controls have been implemented
• Cast payable with supported documents
• Establish budgets with the client and company, billing and Invoice checking.
• Confirms financial status by monitoring revenue and expenses.
• Bank Reconciliation and issuance of cheque.
• Tax matters (WHT Tax, Return Statements)
• Preparing and completing action plans, quality, and customer-service standards, resolving problems, identifying trends and determining system improvements &implementing change.
• Coordinating the collection and evaluation of financial data and preparing special reports.
• Using contacts to generate new business.
• Manage Staff (30 Employees) and resolve conflicts of employees and suppliers.
• Generate sales for a group of accounts and reach the company's sales target etc.
• Checking the details of all the accounts and ensure that all the sales and other expenses have been entered in the relevant account
• Check all the balances with third party confirmation
• Checking company provision for account receivables.
• To check staff salaries and identifies taxable employees.
• To check Employees bonuses, or any other compensation.
• To check all the details of Payroll A/c
• HR policies and Compensation plan and other benefits.