Furqan Javied

• Oversee and manage the day-to-day accounting operations, including accounts payable, accounts receivable, general ledger maintenance • Maintaining fixed assets register and calculation of depreciation. • Verifying the monthly markup schedule and other provisions schedules • Preparing overhead expenses reports on a regular basis to Identifying discrepancies and following up with solutions • Variance analysis reports between standard and actual costs • Coordinating with internal auditors and preparing management reports (Review audit findings and recommendations) • Marinating and reconciling the intercompany transactions to verify the accuracy and completeness of records • Checking petty cash bills and ensuring that expenses are categorized properly • Verifying monthly invoices and following for the payments to maintain the cash flow. • Manage post-dated cheque (PDC) reconciliation process • Verifying the accuracy of receipts and resolve discrepancies • Oversee the monthly bank reconciliation statements and updating upcoming payment SKILLS: Financial Reporting Management Reporting Accounts Receivable Accounts Payable Inventory Management VAT Returns Accounts Schedules Reconciliation Statement Fixed Assets Register Payroll (WPS) Petty Cash Coordination with External Auditors and receipt statuses and forecast of cash flows • Checking invoices and statements of accounts from vendors, verifying supporting documents approved by the management (Quotation, LPO’s & Delivery Note) and getting approval for releasing the payment. • Verifying the payments to the creditors • Preparation, finalization, and filling of VAT return as per UAE VAT Law • Prepare monthly staff salaries (WPS) • Providing financial data to the external auditor with all supporting to conduct the audit. • Identifying the procurement needs of the entire organization. • Managing direct procurement processes, including the purchasing or obtaining of raw materials, resources, goods, and services for manufactured goods • Managing procurement budgets, strategies, and payment processes. • Developing and implementing cost-effective procurement strategies and policies for the purchasing of raw materials, goods, and services • Negotiating contracts with vendors to secure the best deals and terms. • Maintaining advantageous relationships with suppliers and managing disputes • Monitoring supplier performance for optimal business operations performance. • Forecasting to predict future demand for goods, services, and purchase requisitions. • Finalizing purchase details and approving purchase requests and purchase orders.

Job Description: • Month-end process including preparation of monthly management reporting including P&L, BS and Analysis on such reporting • Ensure timely and accurate reporting of financial data • Assist in the preparation of budgets and financial forecasts. • Prepare and Maintain Accounting Schedules (Fixed Assets and depreciation, Loan and Markup, Prepayments, Gratuity, Leave Salaries, other provision) • Prepare monthly bank reconciliation statements. • Prepare monthly supplier reconciliation and resolve variances. • Check figures, postings, and documents for correct entries, mathematical accuracy, and proper codes. • Responsible for the month end journal entries for prepaid expenses. • Ensuring journal transactions are in line with the SOPs approved by the management • Verify the supplier invoices with P.O’s to ensure the invoices are as per term and conditions mentioned in P.O. • Highlight any excess purchases made by the purchase department in order to improve working capital. • Oversee end to end accounts payables and accounts receivables both local and international • Authorize the Dispatch to customers after following the SOP and follow up on the payments. • Communicate extensive with customer, Sales associates and upper management regarding past due invoices, delinquent accounts, Deduction and proof of delivery. • Prepare customer age analysis report and coordinate with sales team • Approve the expenses made through petty cash with supporting documents. • Verifying the cash invoices with receipts on daily bases • Calculating gratuity, incentives, sales commission & other benefits of employees • Prepare monthly staff salaries (WPS) • Maintain the Loan accounts of employee's. • Dealing with labor and resolving their issues. • Coordinate with the external auditors for annual financial reports • Prepare document LBD (Local bill discounting) and EBD (Export bill discounting) • Prepare document for export shipments e.g. Commercial Invoice, Bill of lading, Certificate of origin, shipment insurance, and certificate of analysis

Job Description: • Handling the entire accounting functions of the Accounts Department • Maintain the following schedules (Commission on export sale, Ocean freight, truck freight, withholding tax on Realization and export development surcharge) • Preparation of monthly expenses report. • Preparation on annual tax return. • Preparation of monthly fabric issuance report. • Posting all voucher (Income & expenses) • Preparation of bank reconciliation, parties reconciliation and store reconciliation. • Preparation of employee’s payroll and final settlement. • Verify the discounting of export bills. • Prepare customer age analysis report and coordinate with sales manager • Verify the accuracy of receipts and resolve discrepancies • Prepare the payments to creditors • Maintain the loans schedule markup working & reconcile with banks. • Monthly statement of W.H tax. • All miscellaneous working relevant to annual audit.