Prasanth K

Assistant Manager - Payroll at Plus Point Staffing Contractors
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Location
United Arab Emirates, AE

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Experience

    • United Arab Emirates
    • Outsourcing and Offshoring Consulting
    • 1 - 100 Employee
    • Assistant Manager - Payroll
      • Jun 2011 - Present

       Accurate and timely processing payroll for all division employees.  Processing the monthly payroll through WPS.  Preparation of leave salary, gratuity and bonus of employees and Managers.  Preparation of final settlement of employees as per the labor laws  Calculate wages, overtime, and deductions to ensure compliance with company guidelines/ procedures.  Prepare account analysis, accounting entries and financial reports and statements to ensure payroll information is accurately and properly reflected in the company financial accounting system in a timely manner.  Entry and follow up of employee’s loans, additions, deductions and unpaid leaves.  Ensure all newly recruited employees payroll is timely and accurately posted and Processed in payroll system in accordance with company policy and procedures.  Recording personnel costs in the financial ledgers on monthly basis.  Develop and maintain an appropriate and systematic filing system for payroll records. Co- operating with internal and external for audit.  Preparation and maintenance of schedules required for a company’s annual audit.  Process and issue employee monthly pay slips, and ensure their distribution to the employees.  Preparing accruals for all payroll benefits on annual basis.  Maintain strict confidentiality of all payroll related information, releasing information to authorized personnel only.  Work as part of a team and assist finance and HR with other related tasks as requested. Show less

    • Accountant
      • Jul 2008 - Mar 2011

      • Preparation and submission of reports for presentation and discussion of the Board i.e. Cash Flow/Sales Forecast,Financial Statements, Variance Analysis, Receivables Aging and the like Individual accounts analysis and balance monitoring - preparation of reconciled schedules. • Monthly bank reconciliation. • Provides assistance to subordinates on peak transaction days. • Daily banking requirements - bank deposits and transfers. • Preparation of monthly payroll. • Petty cash custody and monitoring – replenishment, liquidation. • Formulation and proposal of business portfolio for new business ventures. Show less

Education

  • MG Universtiy
    Bachelor’s Degree, Bachelor of Commerce
    2005 - 2008
  • KSEB
    High School, Commerce
    2003 - 2005

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