Accounts Payable Receivable

Hafiz Ali Raza

*********@*******.***

+923*********) Bahar Colony Kot Lakhpat Lahore, Pakistan

PROFESSIONAL SUMMARY

• Prepare all levels of reporting and Company developed policies and procedures from bottom to top management.

• Full and strong grip on the QuickBooks Accounting software.

• Prepare financial statements (Balance Sheet, Income Statement, Cash flow Statement, Statement of Changes in Equity & Notes of the Account).

• Prepared sales and purchase tax ledger and local withholding tax returns and payments.

• Sales Tax return file in FBR & IRIS for the month-end.

• Developing and improving financial procedure to maintain Internal control environment.

• Analyzed, examined and interpreted account records, compiled financial information, and reconcile reports and financial data.

• Performed process analysis and communicated recommendations to management.

• Process journal entries and perform accounting corrections to ensure accurate records.

• Managed financial departments with responsibility for Budgets, Forecasting, Payroll, Accounts Payable and Receivable.

• Reviewed bank activity to guarantee proper payments were credited to the correct account and correct amounts were debited.

• Reconciled all General Ledger (GL) accounts relating to taxes for month-end and year- end closings, ensuring correctness and accuracy.

• primary responsibilities may include preparing financial statements, managing budgets, forecasting financial performance, reconciling accounts and overseeing tax filings.

• Responsible for managing accounts payable and receivable, monitoring cash flow, and ensuring accurate and timely payment of taxes.

• Prepare Aging sheet & managed recovery bad debts.

• Discuss with customers on credit solutions as defined per the collections and Recovery Process, Policy and Strategy manual.

• As succeed as an Accounts, Finance, and Taxation professional, I have a bachelor’s degree in Accounting and Finance. Professional certification of QuickBooks.

• Also have experience in Manual Accounting like using accounting in Microsoft Excel and I have developed my own dashboard of all accounting cycle including of P&L and Balance Sheet.

WORK EXPERIENCE

Accountant May 2021 - Oct 2022

Sapphire Al Jubail General Contracting Establishment • Al Jubail, Saudi Arabia

• Received Request for Quotation by client for bidding.

• Generate Quotation for required services or items for client.

• Received PO for required services or items by the client.

• Generate Request for Quotation for Subcontractors for providing services to the client.

• Received Quotation by the Subcontractor against Request for Quotation.

• Issue Purchase Order to Subcontractors against Quotation that we received by the subcontractor.

• Generate sales invoice as per the detailed services or items for client.

• Update the ledger for specific client as per the client against sale invoice.

• Received payment from the client in our bank and will update in client ledger.

• Received invoice from the vendor against that Purchase Order issued to the vendor.

• Update the ledger of vendor according to the invoice which received by the vendor.

• Make payment to vendor after 1 month against invoice which received from vendor.

• Update clients in QuickBooks system by time to time.

• Update material summary in ERP by time to time.

• Create new Head of Accounts according to the situation of work flow of site.

• Reconcile the ledger of clients on monthly basis.

• Reconcile the ledgers of vendors on monthly basis.

• Update the petty cash (Cash Flow) book on daily basis.

• Update the general expenses on daily basis with the proper head of accounts.

• Update the Book balance with our bank balance on monthly basis.

• Reconcile the received payments from Bank statement with our client’s ledger on monthly basis.

• Reconcile the payments that we make to our vendors from Bank statement with our vendor’s ledgers on monthly basis.

• Make VAT calculations for file the VAT Return to the Government.

• Make Profit and Loss statement by ending of each month.

• Prepare Balance sheet by ending of each year.

• Arrange different Schedules of persons for mobilization of different Aramco offshore projects.

• Arrange different gate passes for material out from the specific Aramco facility.

• Arrange the different Temporary Access Request for Access in the specific Aramco facility of our crew for work.

• Coordinate with our clients for supporting any kind of documentation required in Aramco facility.

• Make salaries and compensations for rental persons according to their contracts and agreements.

• Keep update and implement the company policies by keeping the sensitive information and documents confidential by employee to employee.

Accounts, Finance & Tax Executive Oct 2016 - May 2021 Commercial Construction Company (PVT) • Lahore, Pakistan

• Will handle all accounts activities like A/P, A/R, Monthly Bank Reconciliation, Petty Cash.

• Prepare bank reconciliation statement & deal with the bank matters.

• Balanced reports to submit for approval and verification assessed accuracy & reviewed GL entries.

• Reconciled all company accounts, including credit cards, employee expenses and commissions.

• Monitored status of accounts receivable and payable to facilitate efficient processing.

• Helped clients navigate interactions with tax authorities and legal concerns related to financial matters.

• Communicated with suppliers to reconcile invoice payments.

• Completed financial reports to inform managers and stakeholders.

• Diminished outstanding debts by analyzing accounts for issues.

• Accurately documented all cash, credit, fixed assets, accrued expenses and line of credit transactions.

• Validated project and employment information and completed manual adjustments to financial data.

• Supported monthly reporting analysis to achieve validation of internal reports and to reconcile production operations and general ledger.

• Partnered with auditors to prepare yearly audits and ensure compliance with governmental tax guidelines.

• Cooperated with senior leaders to create operating budgets and initiate financial planning.

• Implemented use of QB Software to enter project data, analyze and track budgets, evaluate project costs and monitor performance trends.

• Trained new employees on accounting principles and company procedures.

• Managed financial departments with responsibility for Budgets, Forecasting & Payroll.

• Set up and improved accounting systems and processes to meet business needs and maximize effectiveness of operations.

• Maintained accurate and complete documentation for all financial department procedures.

• Completed daily accounting tasks including tracking funds, preparing deposits and reconciling accounts.

• Maintains payroll information by designing systems; directing the collection, calculation, and entering of data.

• Provides payroll information by answering questions and requests.

• Maintains payroll guidelines by writing and updating policies and procedures.

• Maintains employee confidence and protects payroll operations by keeping information confidential.

• Balance Sheet, Profit and Loss Statement and other financial statements.

• Full engage with Chartered Accountant firm which actually they hire for their taxation matter.

• Prepare taxation documents and information for the purpose of income tax return, like Bank statements, Sources of income, Payments, Tax withheld certificates, Salary Certificates, Updated Wealth statement, (if there is no change in wealth statement then) Acknowledgment of no change in Wealth Statement and etc, which required for the purpose of filling the Tax Returns in FBR online portal (IRIS).

• Working on sales tax and file the sales tax return on monthly basis in IRIS with full fledge knowledge of all Annexures of sales tax return, like (Annexure A, B, C, D, H, J, K, E, F, G, and P).

• Working on notice issued by FBR to company of section 122(9) (Notice to amend assessment).

Customer Support Executive Nov 2014 - Oct 2016

E Square Services (Pakistan Telecommunication Company Limited) • Lahore, Pakistan

• Customer Services

Customer Relation Officer Dec 2011 - Sep 2014

Abacus Consulting (Telenor Pakistan) • Lahore, Pakistan

• Customer Services

EDUCATION

Bachelors in Commerce (Hon) Oct 2008 - Dec 2012

Superior University (Higher Education Commission of Pakistan) • Lahore, Pakistan

• Financial Accounting - I

• Financial Accounting - II

• Introduction to Money Banking & Finance

• Principle of Accounting

• Cost Accounting

• Advance Financial Accounting

• Financial Management

• Computerized Accounting

• Advance Cost & Management Accounting

• Islamic Finance

• Banking Law & Practices

• International Finance

• Financial Statement Analysis

• Taxation Management

• Principle of Economics

• Principle of Auditing

• Entrepreneurship

• Marketing Management

• E-Commerce

• Investment Analysis & Portfolio Management

• Risk Management

• Human Resource Development

• Functional English

• Introduction to Business Methods

• Technical & Business Writing

• Business Law

• Managerial Economics

• Principles of Management

• Communication Skills & Personality Development

• Human Resource Management

• Quantitative Techniques in Business

• Logical & Critical Thinking

• Business Research Method

• Community Development & Leadership Skills

• Production Operation Management

SKILLS

• MS Word (Advanced)

• MS Excel (Advanced)

• Accounts and Finance

• Taxation

• Budgeting

• Forecasting

• Document organization

• Project support

• Recordkeeping skills

• Payroll Processing

PROFESSIONAL CREDENTIALS

• Peachtree Accounting Software

• QuickBooks Online Certification

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