Muhammad Waqar

Responsibilities with respect to Accounts and Finance -Managing and overseeing the daily operations of the accounting department -Monitoring and analyzing accounting data and producing financial reports or statements -Preparation of financial statements which comprises of Statement of Financial Position / Balance Sheet, Income Statement / Profit or loss account, Statement of Changes in Equity, Cash Flow Statement and Notice to the Accounts -Analyze the business needs fulfilled by the financial resources, financial forecasts and business activity reports -Supervision of the organization’s financial records and recordkeeping methods are in compliance with applicable standards and regulations -Review of salaries & wages for deductions and accuracy after final prepared by H.R and arrange payments- -Preparation of the budget for the organization based on the information provided by the business and the best available market research information -Periodically review the organization’s financial reports and identify opportunities for cost reduction -Analyze data and advise top management on how to maximize the profits -Manual and Computerized booking-keeping / vouching (Cash, Bank & J.V) in MS Excel & ERP -Maintaining of Vendors Records and reconciliation with suppliers periodically in MS Excel & ERP -Preparation of Receipt and payment account including petty cash payments in MS Excel & ERP -Preparation of Export Realization / Receivables as well as Bank reconciliation statements Responsibilities with respect to Taxation -Preparation and submission of monthly Sales Tax Returns (FBR & PRA), as well as all the associated work that, is necessary to submit the returns -Preparation and submission of annual Income Tax Returns as well as quarterly withholding tax statements -Ensure that withholding tax is deducted on all payments to suppliers, service providers employees etc. where should be deducted -Preparation of documents/details required for the compliance of notices received from FBR, PRA and SECP -Managing Taxation matters and preparation of documents for internal records and providing to consultants as required for any special purposes -Vouching for all transactions & maintaining of ledger records of all heads for accounts preparation and FBR Audit purpose -Preparation of Financial Statements quarterly as per tax records -Deliver a full range of tax services in compliance with laws and regulations within the timeframe as per Management required -Provide innovative tax planning and review complex income tax returns and other tax department issues -Identify and mitigate tax risks with day-to-day planning, implementation and supervision -Coordinate with accounting staff for tax payments, planning and record maintaining etc.