Accomplished Senior Accounting Specialist with a proven track record at TURA GLOBAL TRADING FZE, enhancing financial accuracy through expert SAP-HANA S4 application and advanced Excel skills. Spearheaded comprehensive bank reconciliations and general ledger management, significantly improving payment processes and financial reporting. Demonstrates exceptional analytical abilities and a commitment to optimizing financial operations.
Accounts Payable:
• Post purchase invoices, matching purchase invoices to purchase orders
• Coordinated approval processes of all account's payable invoices.
• Processing Non-PO & Service PO Invoices with approvals
• Invoice exceptions clearing
• Query and resolve any discrepancies with suppliers
• Reconciliation of monthly supplier statements
• Responsible for all Accounts Payable processes.
• Prepare weekly and monthly payment plan.
• Process monthly Salaries, wages and provisions.
• Responsible for weekly check run and positive pay transmission.
• Passing Journal Vouchers, GR Clearing
• Keeping track of all payments and expenditures, including payroll, purchase orders, invoices, statements, etc.
• Reconciling processed work by verifying entries and comparing system reports to balances
• Maintaining historical records
• Paying employees by verifying expense reports and preparing pay checks
• Paying vendors by scheduling pay checks and ensuring payment is received for outstanding credit; generally responding to all vendor enquiries regarding finance
• Preparing analyses of accounts and producing monthly reports
• Continuing to improve the payment process.
Accounts Receivable:
• Keep track and process accounts and incoming payments in compliance with financial policies and procedures
• Posting sales invoices in GL.
• Generates statement of account for each customer account.
• Preparation of Debit Memos or Credit Memos if needed.
• Accounts reconciliation of customers Accounts.
• Preparation of credit notes for any related adjustments.
• Posting of collection (cash/cheques) and credit notes in GL.
• Summarizes receivables by maintaining invoice accounts, coordinating monthly transfer to accounts receivable account, verifying totals, and preparing reports
• Preparation of monthly sale report.
• Perform day to day financial transactions including verifying, classifying, computing, posting and recording accounts receivable data.
• Reconcile the accounts receivable ledger to ensure that all payments are accounted for and properly posted.
• Generate financial statements and reports detailing accounts receivable status
• Preparation of journal entries for such contracted and regular payroll.
• Assists in the processing of payments of Raw Materials Purchases in a timely & accurate manner.
Cash and Bank:
• Maintain petty cash
• Timely reconciles cash application and disbursements.
• Directs cash management operations to include daily cash administration, management of current accounts and bank relations
• Examining bank statements and reconciling them with general ledger entries
• Creating company financial reports with the above information included.
• Analyzing data collected in order to determine the state of the company's financial health. Monthly reconciliation of Bank accounts.
• Maintain accounts receivable records to ensure aging is up to date, credits and collections are applied, uncollectible amounts are accounted for, and miscellaneous differences are cleared
• Perform daily cash management duties, including the recording of bank deposits, updating and distribution of cash receipt logs, and posting of cash to the accounts receivable sub-ledger
• Monitor and collect accounts receivable by contacting clients via telephone, email, and mail
• Support other accounting and finance team members, inventory management, and cost accounting.
REPORTS:
• Daily Cash & Bank balance
• Weekly and Monthly Customer collection plan
• Sales Analysis report
• Monthly Capex & Raw material collection
• Direct Cash Flow
• Receivables Aging report
• Opex monthly report.
• Inter-company transactions report.
Month End Accounting and Reporting:
•Reconcile all the Ledger and control all the postings.
• Calculate and post prepayments/accruals
• Process monthly Accruals and Depreciations
• Maintain fixed asset register and post monthly depreciation transactions
•Reconciliation of Bank Transactions / Supplier Accounts / Customer Accounts
•Posting all Provisions and adjustment entries
•Posting Currency Valuations
Material Management:
• Support the current MM footprint
• Identified opportunities to improve and streamline manufacturing processes to
maximise time and revenue.
• Coordinated maintenance processes to keep equipment operating correctly and
maximise uptime.
• Analyze and solve the SAP MM issues
• Conduct SAP MM process configuration
• Update and maintain all SAP MM functional documentation
• Create Purchase Orders, Enter order details (e.g. vendors, quantities, Unit prices) into
internal databases
• Maintain updated records of purchased products, delivery information and invoices
• Prepare reports on purchases, including cost analyses
• Monitor stock levels and place orders as needed
• Coordinate with warehouse staff to ensure proper storage
• Track orders and ensure timely delivery
• Monitored outstanding balances and followed up payments.
• Managed accounts payable and receivable functions, maintaining accurate records and timely payments to vendors while collecting outstanding invoices.
• Supported month-end closing process by preparing financial statements, variance analyses, and account reconciliations.
• Improved financial accuracy by conducting thorough account reconciliations and adjusting journal entries.
Reconciled accounts from income and expense data to net worth and assets.
• Maintained integrity of general ledger, including chart of accounts.
• Prepared monthly bank reconciliations with accuracy.
• Checked and imported payroll and pension data to pay salary deductions.
• Directed staff on assigned shifts and reviewed completed shift activities and incidents
with employees.
• Analysed monthly reporting to reconcile production operations and general ledger.
• Updated journal entries and accounts on accrual basis
• Analysed monthly reporting to reconcile production operations and general ledger.
• Reviewed and processed employee expense reports and vendor invoices for payment.
• Analysed monthly balance sheet accounts for corporate reporting.
• Accurately documented all cash, credit, fixed assets, accrued expenses and line of
credit transactions.
• Created periodic reports comparing budgeted costs to actual costs.