MOHAMED HUSSAIN ISRATH ALI
Accountant at Arabian Supply Center W.L.L- Claim this Profile
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English Professional working proficiency
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Arabic Elementary proficiency
Topline Score
Bio
Experience
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Arabian Supply Center W.L.L
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Qatar
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Machinery Manufacturing
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1 - 100 Employee
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Accountant
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Feb 2023 - Present
• Mainly responsible for Accounts Payable and General Ledger. • Reconciling and closing out daily cash sales for Arabian Supply Center and other subsidiaries. • Record all petty cash transactions both inflows and outflows and replenishing petty cash bi‐ weekly. • Responsible for prepayments and adjustments e.g., rent, insurances, other fees etc. • Responsible on accruals preparations on monthly basis. • Preparation and checking of month-end schedules and reconciliation statements of GL & subsidiary ledgers. • Responsible for recording of AP invoices, reconciling supplier’s statements of accounts, preparing, and recording suppliers’ payments. This includes related party payable transactions and inters department cost allocations • Preparation of supplier aging and subsequent payments report. • Recording all checks and cash deposit in a daily basis. • Responsible for Bank Reconciliation and assigned bank facilities e.g., Receivable / PDC Discounting. • Responsible for the Accounting of Fixed asset, Depreciation, Sale of PPE etc. Show less
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Al-Wataniya Concrete Corporate
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Construction
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1 - 100 Employee
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Accountant
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Apr 2013 - Nov 2022
Reports & Analysis • Preparation of Monthly Financial Reports (Income Statement & Balance Sheet) with the related adjustments and documentation. • Weekly & monthly cash reconciliation and approval • Stock reconciliations and Ageing reports • Analysis of collections ageing and reports • Preparing monthly payable analysis report Month end Close/Year end Close/Finalization of Book • Perform the processing of expense allocations, monthly accruals, amortization of prepaid expenses, fixed assets depreciation • Make sure that all Accumulate Depreciation is clearly debited in the Asset end of the year. • Reconciliation of all Balance sheet Items .Make sure the balance is verified. Accounts Payable • Receiving invoices, verifying their accuracy, obtaining approvals. Entering them into the accounting system and making time payment. • Ensure accuracy by carefully reviewing each invoice for correct vendor details, matching it with the PO and GRN, and verify the quantity, price, and calculation. • Preparing payable plan as per the outstanding and bank balance. • Opening LC for local purchases • Preparing statement of accounts for supplier Reconciliation Accounts Receivable • Preparing weekly & monthly sales report • Billing to clients based on purchased orders • Preparing customer reconciliation based on statements of accounts • Ensuring all customers receipts are properly recorded system • Reporting Doubtful Debts • Interacting with Customer in Professional manner Reconciliation • Reconciliation of all Bank Accounts (Ahli bank, Commercial Bank) • Analysis with cash flow statement for arranging the fund for clearing the current & Postdated Cheque on time • Submit the reconciliation report to the Management on Monthly Basis Payroll Processing • Preparation of Salary Statement • WPS Processing • Employees Leave Salary, Final Settlements, Show less
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Education
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South Eastern University of Sri Lanka
Bachelor of Business Administration - BBA, Accounting and Finance -
Institute of Chartered Accountants of Sri Lanka
Following business level, Accounting -
AAT Sri Lanka
ACCOUNTING TECHNICIANS, Pass Finalist