Omar Rahhal Email & Phone Number

It sounds like you have a solid handle on various accounting and finance tasks using Microsoft Dynamics 365 and Xero. Here’s a brief overview of the key functions you mentioned:Recording & Journalizing Expenses: This involves entering business expenses into the accounting system and ensuring they’re accurately reflected in the financial records. This is crucial for tracking outflows and managing budgets.Journalizing Sales Invoices: Recording sales invoices into the general ledger to reflect revenue and accounts receivable. This helps in tracking customer payments and managing cash flow.Journalizing Procurement Invoices: Entering invoices from suppliers and vendors into the accounting system to manage payables and track expenses related to procurement.Preparing Spreadsheets for Sales and Expenses: Creating detailed spreadsheets to monitor sales performance and track expenses. These spreadsheets often aid in budgeting, forecasting, and financial analysis.Journalizing Prepaids and Salaries: Recording prepaid expenses (payments made in advance for goods or services) and salaries to ensure that financial statements reflect accurate expenses and liabilities.Preparing Profit and Loss Statement: Generating a financial statement that summarizes revenues, costs, and expenses to show the company’s profitability over a specific period.Preparing Balance Sheet: Creating a snapshot of the company’s financial position at a specific point in time, detailing assets, liabilities, and equity.Preparing Value Added Tax (VAT): Calculating VAT based on sales and purchases, and ensuring compliance with tax regulations by preparing VAT returns.

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  Applied Science University

  76.5