MUHAMMED SAFWAN MK

• Oversees all aspects of financial operations, including accounts payable, accounts receivable, general ledger and management reporting. • Accurate and timely preparation of financial statements (Profit and Loss & Balance sheet) in compliance with accounting standards and presenting Finance manager for the review. • Month end and year end closing of accounts including amortization of prepayments, provisions, accruals and depreciation etc. • Prepares weekly, monthly receivable collection and supplier payment plan and monitor the bank balances accordingly. • Prepare the reconciliation of accounts, including bank, credit card reconciliation, supplier and customer reconciliation • Preparing daily sales report for various department like Parts and Accessories, Motor cloth, Merchandise, Administration etc. • Assure bank deposit for all collected sales cash and cheques. • Assist Finance manager in preparing Budgeting & Forecasting. • Analyzing the bank Merchant report (POS Machine) and find out the Card variance and charges, commission occurred. • Maintain accurate and up-to-date accounting records for all financial transactions • Monitor accounts receivable aging and follow up on overdue payments • Preparing payment Voucher and taking approval from finance manager and General Manager. • Investigating the variances in the ledger on a monthly basis and pinpointing the variances. • Maintaining good relationship with logistic department for GRN closing and payment processing.

• Maintain precise records of all incoming payments. • Prepare and send Statement of accounts to customers in monthly wises. • Contact customer as needed to ensure payment of outstanding invoices. • Manage Accounts Payable, responsible for review vendor invoices and AP disbursement based on the collections and Treasury balances availability. • Check and clearing daily TT transfer. Preparing JV/JE as needed. • Preparing daily sales statement, Banking Report, Customer reconciliation. • Leading monthly collection meetings with the Sales Manager and Credit Control Manager to ensure effective financial oversight. • Work collaboratively with accounts payable and other accounting staff to ensure accuracy in finances. • Audit all receipts on a determined schedule to ensure accuracy in accounting. • Calculation of Rebate as per BDA, checking Rent, other deduction etc. • Actively investigate and resolve irregularities in both incoming and outgoing payments. • Assure bank deposit of all collected cash, postdated cheques and current dated cheques. • Prepare monthly Income statements, Balance sheets and Cash flow statements (both consolidated and segment wise) • Preparing aging report and send to salesman in monthly wises and follow up for the due payment. • Check the credit limit and due payment for all registered customers and approving LPO orders in daily basis. • Maintain Accounts Receivable records and ensure aging is up to date, check for credits applied, uncollectible amounts followed up and accounted for and any miscellaneous differences cleared • Preparing SOA, GRV’s disputes and send to salesman in monthly wises for Collecting outstanding payments and resolve disputes prior to the collection meeting. • Deals with various trade channels like Van Sales, Traditional Trade, Modern Trade, Horeca and Ecommerce. • Tax invoice, Tax credit note for passing entries in the system for vat purpose.

• Internal Audit Experience with various types of entities and organizations and company out-audit experience with Senior Chartered Accountant. • Prepare and analyze financial record for accuracy, verify assets and liability by comparing items to documentation. • Preparing financial report and ensuring compliance with tax regulation and identifying financial strength and weakness. • Study, inspect and assess, Budget, Balance Sheet and other related Financial Statements and records. • Review and recommend changes in Internal Audit Controls. • Check all accounting and clients’ databases are updated and functioning properly. • Verify and inspect Accounts Receivable, Payable ledger and General Ledger for its accuracy and also check, inspect bank deposit and payment. • Check and verify Books of Accounts and records are in conformity with industry practice. • Maintain general ledger and all books of Accounts up to Final Accounts and Balance sheet. • Preparing receipt and payment for charitable organization. • Preparing financial statement such as Income statements, Balance Sheets and Cash flow statements (both consolidated and segment wise). • Preparing Bank reconciliation, GST reconciliation, filing income tax return. • Handling petty cash, preparing cheques for vendor payment etc.