Sana Ullah Shoukat

• Managing master data and performing debtors aging analysis of over 400 customers for wholesale was a challenging task and managed manually, Created debtors aging analyses reports and linked report and master data with ERP Orion with help of sales and IT team to get automated reports and able to establish and restructured credit terms of credit customers from 90 to 45 days to improve cash flow.
• Monitor overdue payments and follow up by sending statement of accounts to customers and make reconciliations in case of any discrepancies and identify high-risk customers thus mitigating company exposure to bad debts by reporting level of risk to superior authorities.
• Management needed tight cash management systems and company had to produce daily cash flow statements and petty cash reports of wholesale division. With co-operation of sales, purchase ledger and cashier set up series of complex Excel spread sheets. This enabled cash flows to be produced on daily basis and submitted to Treasury department with explanations for any variances. Group was thus able to minimise interest and maximise efficiency of their cash balances.
• The monthly management accounts were taking too long to produce. In conjunction with Orion ERP package, developed excel sheets that used VLOOKUP, SUMIFS, PIVOT TABLE and logical IF functions. This enabled individual business units to input their information speedily and efficiently. These spreadsheets were rolled out within accounts production team and this reduced accounts production time from 5 to 2 days.
• Set up and improved accounting systems and processes to meet business needs and maximize effectiveness of operations.
• Maintain general ledger accounts and prepare journal entries for collection, accruals and variances.
• Provided required support to sales team in preparation of sales orders form and guide them regarding VAT treatment of local and export sales and also monitor that credit notes only entered after taking department head approval and supporting documents are available.

· Managed to update management with weekly and monthly sales reports, receivable and payable ageing reports, financial statements, ratio analysis and variance analysis on timely basis and show company performance with charts and diagrams.

· Managed Sales cycle of cash, card, online and credit sales, Reconcile sales from each boutique and franchises and report management on daily basis and able to streamline revenue as per international accounting standards.

· Registered company for VAT and also submitted VAT returns of company and provided guidance to management regarding VAT at time of VAT implementation in UAE.

· Created budgets and feasibility reports for new outlets inside UAE and prepared capital expenditure reports, projected estimations and financial analysis for management.

· Identified risk of no control over inventory and integrated inventory system with intuit Quick books and able to provide updated inventory reports to management.

· Verified existence of current and new non-current assets and managed fixed assets register and prepared depreciation schedules.

Managed working capital efficiently and improved cash flow by managing debtors and creditors turnover days and petty cash.

Prepared annually and monthly budgeted reports for sales of each 6 boutiques and reported variance analysis with remarks from branch in charges.

· Reviewed sales, purchase day books and bank statements and finalize trial balances of small and medium scale companies.

· Conducted meetings with United Kingdom clients accounting departments for walkthrough and highlight risks associated with system to directors of company.

· Supervise bookkeeping team and review VAT returns and Payroll files and finalized VAT returns on standard, Cash & Flat Rate schemes.

· Reviewed and finalised month end journals – depreciation, accruals, prepayments, provisions and Preparation in accordance to IFRS& IAS.

· Drove operational improvements which resulted in savings and improved profit margins.

· Developed team communications and information for meetings.

• Completed audit papers by thoroughly documenting audit tests and findings.
• Audited companies from manufacturing, trading and services and prepared financial statements.
• Implemented firm’s Audit Methodology.
• Planned assignments to execute them in effective and efficient manner by assessing systems to evaluate risk involved at business, financial and operational level.
• Preparation of financial statements in compliance with the financial reporting framework.
• Audited of debtors and creditors figures in books of accounts of small and medium sized clients and performed the ageing analysis.
• Ensured audit opinion is supported by proper audit documentation.