Manager Accounts (SAP Business One 9.1)
Six-B Food Industries Private Limited
Total years of experience :7 years, 10 Months
• Responsible for collecting, classifying and allocating the accounting data in SAP Business-One to enable the system to draw accurate and reliable Trail Balance.
• Formulating budgets and conducting variance analysis to determine difference between projected & actual results and implementing corrective actions.
• Verification of Journal Vouchers and Posting into the GL Accounts.
• Prepared Lease schedules and lease accounts on SAP system.
• Developed policies to speed up the process of revenue recognition, receipts and accurate customer ledgers.
• Developed manual forms, documents and reports to put effective control on AP department from creation of GRN till Invoices. Ensured appropriate deduction of withholding tax from payments to creditors.
• Entered monthly accruals and provision at the end of month to enable the preparation of statement process.
• Prepared management accounts for internal management.
• Liaised with import department from opening of LCs till their closing to calculate accurate landed cost.
• Responsible to close production orders and variance analysis to determine the difference between actual and budgeted cost.
• Fixed assets capitalization, depreciation calculations and maintenance of fixed asset register in SAP.
• Monitor & Review accounting and related system reports for accuracy & completeness.
• Closing procedures and assisting auditors at the time of Internal and Annual Audit.
• Reviewing reliability/ integrity of business processes & operating information and systems aligned to policies, plans, procedures, laws and regulations.
ERP Support Responsibilities.
• Created, maintained and updated chart of account in SAP business one.
• Responsible to Master Data of Business Partners, Inventory item and Fixed Assets.
• Responsible to design, test and implement work around using different forms in SAP Business One to meet the requirement of management.
• Provided training to users on Production, Inventory, Sales and Banking software and resolving their issues and queries.
• Liaised with IT department to create customized report as per the requirement of users, management and director.
• Designed procedures and reports for cost generating departments to enable accurate quantitative & qualitative cost data collection.
• Interfaced with Production Manager to engineer work cells and production lines, and measure the efficiency of process changes.
• Ensured material and cost are debited to their actual work in process accounts and cost centers.
• Analyzed quantitative and qualitative data to understand the cost behavior or industry.
• Determined standard cost of production and compared with actual cost of production.
• Examined changes and variances in product design, raw materials & manufacturing methods to determine effect on costs.
• Determined, allocated and compared the standard with actual Cost data.
• Prepared pre-costing to determine the price of products.
• Monthly preparation of budgets, cost reports and financial forecasts to aid strategic decision making. Ensuring all financial data is well documented within the department and all records are accurate and up to date.
• Actively participated with marketing department to understand the market trends and suggesting schemes and trade offers to boost the sales.
• Worked closely with accounts department to analyze cost and its trends to determine prices for local and export products.
• Actively participated in planning, designing, implementing and monitoring of PPC-IS (Production Planning and Controlling Information System) in Customized Oracle ERP.
• Trained and motivated team to work on PPC Module to get the desired results.
• Performed monthly, quarterly, and annual reconciliations.
• Reviews, analyzes and presents financial data, including revenue projections and expenditure reports to determine funding requirements.
• Interacts with the customer for all details related to receiving payments and ensures that documents reach the departments concerned in a timely manner.
• Reviews and processes expense vouchers, invoices and other physical documents for payment.
• Prepares all receipts and invoices and maintains their records to ensure matching of accounts for accurate ledgers.
• Verification of Stock among intercompany warehouses.
• Calculation of cost of goods sold.
• Preparation of journal vouchers, Debit notes and Credit notes.
• Any other task assigned by the manager account.
• Prepared daily, weekly, monthly and seasonal material requirements for purchase department.
• Prepared purchase orders, making follow-ups with vendors to ensure timely delivery of material.
• Coordinated with purchase manager regarding material requirements and priorities as per production plans.
• Reconciliation of Material issued, consumed and returned as per production order.
• Managed more than 1200 SKU valued on average Rs.130 M.
• Responsible to enter GRNs in System.
• Performed Reconciliation of inventory, work in process and Supplier Accounts.
• Reconciled physical inventory with inventory software.
• Any other task assigned by Senior management
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