Muhammad Ali

Experience

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  Textile Marketing Company

  May 2016 - Nov 2016

  Account Officer

  • Creating and processing invoices• Cross-checking invoices with payments and expenses to ensure accuracy• Sending bills and invoices to clients• Tracking organization expenses• Processing refunds • Working with collection agencies on overdue payments • Communicating with clients regarding billing and payments

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  Textile Marketing Company

  Dec 2016 - Dec 2017

  Accounts Payable Specialist

  • Review all invoices for appropriate documentation and approval before payment.• Filing monthly Sales Tax Returns and depositing the deducted withheld Income & Staff Tax in the Government treasury.• Reconciliation of Bank statements & Vendor Accounts and processing of the payment to Vendors as per company policy.• Audit and process credit card bills Match invoices to checks obtain all signatures for checks and distribute checks accordingly.• Process & investigate and resolve Travel, Medical Expense claim irregularities according to policies.• Produce Accounts Payable reports and analysis for management.• Manage and resolve queries received from vendors, & employees.• Investigate and resolve payment issues with suppliers & employees.• Month-end payables report to the Management including CFO & CEO.• Payrolls Management: Managing Staff monthly salary, calculating provident fund and salary deductions including Loans, Vehicle installment and Leaves Show less

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  Textile Marketing Company

  Jan 2018 - Jun 2019

  Accounts Receivable Specialist

  • Process accounts and incoming payments in compliance with financial policies and procedures• Perform day to day financial transactions, including verifying, classifying, computing, posting and recording accounts receivables' data• Prepare bills, invoices and bank deposits• Reconcile the accounts receivable ledger to ensure that all payments are accounted for and properly posted.• Verify discrepancies by and resolve clients’ billing issues• Facilitate payment of invoices due by sending bill reminders and contacting clients. Show less

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  Dar Es Salaam Textile Mills Ltd.

  Jul 2019 - Jul 2021

  Senior Accountant at Dar Es Salaam Textile Mills Ltd.

  • Prepare, examine, and analyze accounting records, financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.• Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses or to provide advice.• Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs• Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology.• Prepare forms and manuals for accounting and bookkeeping personnel, and direct their work activities.• Survey operations to ascertain accounting needs and to recommend, develop, and maintain solutions to business and the assumptions underlying budget forecast.• Interact with company banking and financial partner. Show less

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  ASA Pakistan Limited

  Jul 2021 - Nov 2022

  Senior Accountant.

  • Preparing financial Statements and reports.• Assisting with preparing and monitoring budgets.• Maintaining and reconciling balance sheet and general ledger accounts.• Preparing federal, state, local, and special tax returns.• Investigating and resolving audit findings, account discrepancies, and issues of non-compliance.• Coordinating accounting functions and programs.• Preparing revenue projections and forecasting expenditure.• Assisting with annual audit preparations.• Performing other accounting duties and supporting junior staff as required or assigned• Contributing to the development of new or amended accounting systems, programs, and procedures. Show less

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  BLOOMING BAY FLOWERS AND PLANTS TRADING

  Dec 2022 - now

  Senior Accountant

  • Preparation of monthly, quarterly and annual financial statements for management to review and compared with budget for necessary actions.• Handle monthly, Quarterly and annual closing.• Handle the P2P cycle, process vendor invoices and manage vendor queries.• Ensure the proper recording of sales and purchase by reviewing source documents and proper cut off at month end.• Prepare weekly account payable and receivable reports and aging analysis.Prepare monthly GL and Sub Ledger reconciliation, ensuring there is no miss-match between purchase order system and ERP.• Prepare other key reconciliation statements e.g. monthly vendor reconciliation for all vendors, bank ledger reconciliation, and customer ledger reconciliation.• Create payment for periodic pay runs for all vendors.• Keep track records of payables, approved vendors list and credit period, terms and conditions etc.• Petty Cash management, including weekly cash forecasts, replenishment of funds and arranging Approval for Expenditures.• Reconciliation of Input/output VAT and to ensure that all purchase invoices are upload in ERP.• Preparation of VAT working file and filling VAT return with FTA.• Deal and arrange meeting with key stakeholders’ e.g. key suppliers, customers and banks. Prepare valuation of Inventories (Raw materials and Finished Goods) on monthly, quarterly and annually basis.Record and maintain fixed assets records related to acquisitions, disposals and maintaining fixed assets register. Responsible for daily Administrative activities including all payments are made on time for utilities in coordination with different departments. Show less