Experience

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  Sharif Group

  • Pakistan
  • Food and Beverage Manufacturing
  • 200 - 300 Employee

  • Assistant Manager

    • Jul 2022 - Present

  • Account Executive

    • Mar 2017 - Jun 2022

    Management Accounts • Quarterly/Annual management accounts preparation along with other management reports• Preparation of projected accounts for financial institutes. • Record the closing entries of the trial at year end. Tax Related Transaction• Create the tax challan & payment of supplier’s withholding tax.• Prepare the data for submission of withholding statement. • Prepare input & output sales tax reconciliation with ledgers for monthly sales tax return.Bank Reconciliation• Record bank charges journal vouchers on monthly basis. • Prepare monthly Bank Reconciliation Statement of all Banks.Loans & Markups• Record the long term & short term loans receipts & repayments.• Verify the Markup working & recording of accrued markup on monthly basis. Lease Related Transactions• Prepare the schedule of lease assets & lease vehicles or update the schedule quarterly & bi- annually. • Monthly record the installment of lease assets & lease vehicles.Account Receivable Transactions• Record receipt in AR module received in HO against sales of sugar & by-products.• Enter income tax challan credit memo in AR module received from customers.Staff Related Transactions• Record monthly salary expense of head office & prepare the payment.• EOBI & Income tax payment of head of staff & prepare the tax challan against staff salary.• Payment of staff fuel allowance & medical reimbursement also prepare the detail of medical reimbursement to control the annual limit of medical. • Record bonus expense of head office & prepare the payment.• Record & pay the gratuity of staff.Associated Company Transaction• Record & pay the associate salaries & misc. expenses monthly.• Receipt & repayment of loans to associate.• Prepare & verify the markup working of associate co. annually.Other General Task• Prepare valuation of Finish goods. • Prepare the outstanding pledge stock reports.• Liaison with external and internal auditors.

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  Prosperity Weaving Mills (Pvt) Limited

  • Lahore, Punjab, Pakistan

  • Account Officer

    • Dec 2010 - Mar 2017
    • Lahore, Punjab, Pakistan

    Bank Related Transactions• Make all payments related to import and close the LC after recording all import expenses.• Prepare monthly markup accrual on Cash Finance, Running Finance and Dollar loans; & ensure the accuracy of markup accruals by bank quarterly before payment.Tax Related Transactions• Submission of withholding income tax & handling the queries of parties regarding income tax.• Preparations of monthly/annual withholding tax statement of deduction make at source from supplies,contractors, commission agents, employees, directors.• Preparation of purchase annexure for sales tax return.Account Payable Transactions• Invoice processing of raw martial vendors in compliance with internal control measure.• Issuing of debit notes to required vendors.• Prepare Raw Material Supplier Reconciliation to find out and resolve if any discrepancy.• Weekly prepare the detail of outside processing yarn.Other General Task• Preparing of vouchers i.e. journal, bank transfer, Payment, Receipt etc• Inter-company booking and preparing Inter-company transaction report quarterly.• Assist to Manager Accounts in order to prepare monthly Accounts : Prepare Monthly reconciliation of parties with AP vs. GL in Oracle. Prepare Monthly reconciliation of clearing accounts. Recording of accruals & prepaid expense.• Monthly Stock Taking : Physically verify yarn stock in godown. Working in process of yarn.