Accountax is a firm of professional accounting and management services established to provide management consulting, accountancy and business process outsourcing services to commercial as well as not for profit clients. In perspective of huge human resource potential in South Asian region, the firm has based its headquarters in Pakistan to offering its professional services across the globe. Our team comprises professionals from finance and accounting background possessing intricate knowledge of grass-root issues faced by the clients, which makes us one of the best choices for professional services and outsourcing support in the country.

• Monitoring of LCs and Payables of projects.• Processing of Payments of LCs.• Monitoring of Project Wise and Region Wise CWIP Expenditure reports to review the Capex activities for decision making and corrective measures.• Monitoring monthly region wise expenditure additions and capitalization summaries.• Project budgeted cost comparison analysis with actual expenditure incurred and variance reported to Top Management for corrective measures and controlling purpose.• Various Project analysis like cost analysis, age analysis, percentage completion analysis & reported to management that results in controlling Project completion time.• Preparing monthly Project Wise and Region Wise CWIP Expenditure reports for Management decision making.• Maintenance of Fixed Assets Register of the company.• Capitalization of Projects and Direct Purchases.• Proper recording of Disposals of Assets from FAR and measuring profit/Loss thereof.• Tagging of Assets.• Monthly processing of Depreciation Run.• Fixed Assets Impairment Review on annual basis.• ERP (SAP) implementation for Fixed Assets Module, Project Systems Module and Payable Module.• Recommendation of Ceiling for Capex• Coordinate with the internal and external auditors for the audit of Payables, LCs, CWIP and Fixed Assets and subsequent resolution of audit observations.

• Monitoring complete LC cycle including financial aspects of all PTCL imports• Negotiations with banks for LC costs & handling of Insurance matters for imports• Periodic monitoring of Capital Commitments• Monitoring of Contracts(Local & Imports) amounting to billions of Rupees• Sales Tax Reimbursement Reports• Maintenance of accurate vendor and expense records, and control reports, reconciliation of vendor accounts• Identification of accounts payable invoice discrepancies and to ensure that appropriate action is taken in time• To respond in a timely and complete manner to vendor queries• To ensure timely payments of vendor invoices• Coordination with the Finance department regarding timelines for payments• Preparation of accruals• To assist Accounting Department with month end closing• To ensure A/P to G/L data integrity and compliance with corporate policies• Proactively identify and implement process improvements• Deduction of income tax at source and deposit of this amount with Income Tax Department in time

• Monitoring & processing payments against annual CAPEX ranging 18 to 22 billion• Reconciliation of payables and receivables with the subsidiaries• Monitoring and adjustment of input sales tax• Deduction of income tax at source and deposit of this amount with Income Tax Department in time• Budget Control for capital expenditure

• Looking after complete LC cycle of PTCL contracts in Foreign and Local currency• Reporting, consolidation and analysis of stores/inventory for the company• Reconciliation/Adjustments of expenditures against regions incurred on the pattern of Branch & Head office Accounts• G/L, Trial balance, Sales Tax reports and Bank Reconciliations for CWIP wing• Comparison and Reconciliation of Budget Utilization• Monitoring, consolidation and analysis of capital expenditure for the company• Coordination with the External Auditors for audit of accounts