Sawood Ukaye

Experience

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  MGM & Co. Chartered Accountants

  Sept 2012 - Sept 2015

  Article Trainee

  • Carrying out the Statutory Audit of companies, partnership firms & Individuals. • Performing the audit procedures & obtaining balance confirmations.• Analyzing, examining and reconciling the accounts of debtors and vendors of the clients. • Reviewing journal entries and performing accounting correction to ensure accurate records. • Performing stock audit of clients for loan & cash credit sanctioning.• Preparation of Bank Reconciliation Statement.• Finalizing and preparing the financial statements of clients. • Overseeing the tax & regulatory compliance of clients including Income Tax, VAT,ROC filing etc.• Efficiently handled team of 5 members during 3rd year of articleship. Show less

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  Sajid Memon & Co.

  Apr 2016 - Feb 2020

  Audit, Accounts and Tax Executive

  • Preparation of Bank, Inventory, Fixed Asset, Expense reconciliation regarding balances as per books/workings & accounting software. • Prepared Debtor/Creditor ageing study reports for analysis of performance.• Prepared monthly and quarterly budgets and performed variance analysis for revenue and cost items. • Implementation of monthly MIS reporting system. • Ensuring compliance under Income-tax Act,1961 like TDS Deduction & Deposit, filing of TDS Returns. • Prepairing & Maintaining Fixed Asset Register and Calculation of Depreciation as per the Companies Act & Income Tax Act for DTAA purpose. • Team Leader in successful implementation of ERP Next Software application for a mid sized manufacturing entity Show less

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  Sawood Ukaye & Co.

  Apr 2020 - Mar 2022

  Audit, Accounts and Tax Advisor

  • Finance & Accounts- Finalization of accounts as per Accounting Standards issued by ICAI. • Statutory Audit of Companies involving compliance with Corporate Law Provisions, CARO, Accounting Standards, Auditing Standards issued by ICAI. • Evaluating the efficiency and effectiveness of internal controls and execution of audit accordingly. • Taxation (Direct & Indirect Tax)- Compliance with Tax Deduction/Collection at source provisions, Goods & Service Tax Compliance, Verification of Returns. • Preparation of Project Financing Report of different Clients across various Industries. • Formed Companies, LLP, Partnership firms and Trust Show less

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  Walltracts Group

  Mar 2022 - May 2023

  Senior Accountant

  • Maintaining day-to-day accounting functions like Preparation of Accounts, Balance Sheet, GL & Account Reconciliation Statements, etc.• Producing error-free accounting reports and present their results. • Preparing revenue projections and forecasting expenditures.• Application of Letter of Credit (LC), Trust Receipt (TR), Bank Guarantee, Project Facility and other banking facilities and liasoning with the Bank RM for the same. • Preparing and finalizing statutory/tax audits with auditors and ensuring that all compliances are under the regulatory acts & other statutory bodies.• Generating MIS reports & other financial reports on the basis of various analysis to keep a track of all activities of the organization. • Evaluating & analyzing cost information to control current operations and preparing budget as per the requirement. • Preparing & follow up of bills receivable after invoicing to debtors, conducting ageing analysis with an aim to keep receivables under control.• Ensuring that all payments are made to the suppliers within stimulated time frame and managing accounts payable within the pre-set parameters.• Coordinating in planning & management activities for ensuring completion of internal & statutory audit within time. Show less

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  Dubai World

  Jun 2023 - now

  Senior Accountant

  •Reorganizing financial functions, accounts receivable, budgeting, auditing, inter-company group consolidation and financial reporting.•Verify, consolidate, post and reconcile accounts payable and receivable to ensure the integrity of accounting information.•Preparing asset, liability, revenue and expenses by analyzing financial information and summarize financial status.•Conducting monthly and quarterly account reconciliations to ensure accurate reporting and ledger maintenance.•Maintaining general ledger by transferring subsidiary accounts, preparing trial balances and reconciling entries.•Summarizing financial status by gathering information and preparing standalone as well as group consolidated financial statements.•Analyze and prepare audit required documents and trial balances for year end audit plan.•Assisting in preparation of budget for management reporting.•Preparing journal entries for monthly and yearly closing.•Help management in making timely decision by preparing the general ledger on bank reconciliations, JV's, schedules, accruals, account entries, trial balance in order to have control on books of accounts.•Preparing quarterly cash flow position for managements review.•Prepare VAT working and filing of returns on quarterly basis of UAE and UK entities•Updated DW accounting manual to keep up to date with recent changes in IFRS. •Cleaning of balances in books of accounts of subsidiaries going into the stage of liquidation.•Assisting in preparation and compilation of data required for CbCr, ESR, FATCA and CRS filing. Show less