FAROOK MIYANA

Working as Head of Accounts Payables & VAT Consultant. My major roles and responsibilities include:

• Managing the end-to-end accounts payable process, including invoice verification, review of accounting entries and approval, as well as timely & accurate payments to vendors and suppliers
• Led and managed a team of accounts payable specialists, overseeing their day-to-day activities, setting performance objectives, and providing guidance and support
• Recognized areas for process enhancement and automation to streamline accounts payable procedures, resulting in improved workflow efficiency
• Compiled and assessed reports regarding accounts payable, aging summaries, and vendor reconciliations
• Overseeing the prompt booking of accruals to ensure timely recording of expenses
• Responsible for the quarterly preparation of VAT computation and filing of VAT Returns for Shuaa Capital Group and its subsidiaries
• Implemented effective training programs to develop team members' skills and enhance their productivity.

• Working as the lead accountant for the company, responsible for review of accounting entries & ensuring completeness of month end closing activities within the stipulated deadlines
• Managing the accounting & settlement on a monthly basis for collections from Abu Dhabi & Dubai government outsourced managed projects, Abu Dhabi Judicial Department & Roads & Transport Authority, smart teller kiosk outsourcing services
• Supervising the account payable function and approving payments to be made to creditors & contracted parties
• Preparing various AP reports, tracking advances, and ensuring vendors are paid as per credit terms
• Ensuring the Receivable customers are invoiced as per contractual terms
• Including calculation of commissions, follow up & settlement of due invoices
• Analyzing financial data and preparing financial reports for the management and proposing recommendations.

• Heading the centralized accounts payable function for 15 hospitals & medical centers across the UAE
• Ensuring correct and timely accounting across all facilities including meeting stringent deadlines for monthly book closure
• Approval authority for all payments made to vendors across all UAE hospitals & medical centers
• Conducting monthly review of AP ledgers in all entities books of accounts and providing corrective accounting measures wherever applicable
• Providing AP MIS submission packs including AP Aging reports with observations, advance register, review of debit balances
• Leading vendor reconciliations, whereby ensuring top 30 vendors are reconciled monthly & covering reconciliations of all vendors over each quarter
• Ensuing vendor payments are scheduled on time as per agreed credit terms & resolving vendor enquires.

• Handling of taxation matters pertaining to corporate clients
• Made submissions to the income tax department with respect to notice u/s 142(1), 143(2), 147 and 153 of the IT Act, 1961
• Preparing documentation and appearing on behalf of clients before the income tax assessing officers & Income Tax Appellate Tribunal (ITAT)
• Handling statutory & internal audits of manufacturing, companies engaged in the business of e-commerce & advertising
• Finalization of accounts of corporate, partnership firms and other forms of business entities.

• Handled accounts of sole proprietors, partnership firms and companies
• Worked on filing of TDS & Service tax & VAT returns for firms & companies
• Carried out statutory audit for various clients where my role was to lead the audit team, carry out the audit as per relevant SA’s, to finalize the financials and draft the statutory audit report
• Worked on preparing tax audit reports for manufacturing concerns, packaging industries & partnership firms
• Made computation for various individuals, companies, HUFs and trusts
• Handled core areas of ERP implementation and made various review reports with respect to the effective utilization of client’s resources in the various sectors.