Accounts payable and receivable

Implementing accounting policies and procedures in to order to achieve the department objective, supervise and managing the account staff & sales representatives for UAE.Maintaining the books of accounts, recording daily basis sales, purchase, expenses, cash & bank entriesPerforming monthly closing of account under strict deadline, Verifying, allocation posting, reconcile transaction to produce error free accounting reports and present their result to management.Examining bank statements and reconciling them with general ledger entriesMaintaining sales & collection performance on daily basis, arranging monthly sales meeting to review on sales & receivable. And follow up on due collection monitoring to ensure timely collection and achieving monthly collection targets. Verify VAT invoices and working on VAT return filling process.Bank, Creditor & Debtor reconciliation & Scrutiny of ledger accountsPerform weekly cheque processing payments for all grant requests, vendor invoices, and employee expense reports to ensure payments are up to date.Issuing customer benefits on monthly & yearly basis for Rebate, Activities & Exhibition cost based on agreement and principle approval and maintaining customer agreement and ensure that frequent reconciliation on control accounts to avoid any conflict. Preparing customer ageing and stock ageing report weekly bases and present to managementCustomer master creation for new customer, review & blocking the customer master for return cheque and overdue collection until settlement of outstanding. Releasing the over limit sales order based on management approval.Actively involved in overall financial & accounting functions of the company Support to Audit financial transactions and documentsPreparation of Product wise Position statement, shipment working & weekly report for periodical business performance reviewPreparation of various management reports like Product wise performance monthly result.

ACCOUNTS PAYABLEManage day to day Accounts payable activities & accountingManage petty cash & maintaining cash bookInvoices booking and upload for the paymentBank accounts ReconciliationCreditor & Debtor reconciliation & Scrutiny of ledger accountsGR/IR Reconciliation on daily basisContractor, TDS, Service tax, profession tax part HandlingIntercompany Entries & Maintain good audit compliance & controlsEmployee expenses and full and final settlement CREDIT CONTROL AND BUDGET Handing modern trade key Accounts in SAP SystemInter stock transferring and stock audit and sales order booking for modern tradeProcessing distribution & damage material distributor claimsProcessing internal PO for maintaining freshness stock in godown to final shipmentsCash flow forecasting & update Remittance in SystemTrack the ageing outstanding & short payment recoveryWeekly maintained MIS of outstanding & short paymentWorking on monthly closer budget with brand team ( Saving Budget)Working on budget, monthly spends closer & provision for P&L MEDIA OPERATION Handling OMD media client PO’s Verifying estimate plan cost with approved plan costVerifying the invoices (Television, digital Activity & Outdoor activity) Verifying with telecast certificate FCT & processed to final payment Verifying & tracking on commission update into the system for the payment.Co-ordinate with media agency for month wise Reconciliation