Taxation, sales, payroll

Income & Sales Tax

Supervision of vendors payments related to withholding of income tax, withholding of general sales tax and withholding of sales tax on services (SRB).
Co ordination with departments and tax consultant for tax related matters.
Prepare monthly statement for WHT return and prepare the reconciliation of actual tax deducted and compare with tax calculated by IRIS.
Prepare Annexure A (now replaced with STRIVE) & Annexure C for monthly sales tax return and prepare reconciliation of Input & output tax to establish the sales tax liability.
Prepare details for e-filing of WHT on GST, Unregistered Person and WHT on services (SRB).
Filing monthly return of sales tax, withholding income tax return SRB.
Primary Sales Cycle
Sole responsible for releasing of distributors order & generate the invoices with ensuring the rate, discount and availability of funds made by the distributors.
Prepare and provide product wise primary sales & inventory report to the management for analysis, establish follow-ups with marketing services department for daily replenishment.
Prepare ageing of receivables & prepare product rate variance analysis on weekly.
Perform reconciliation of sales, debtors and finished goods inventory with general ledger.

Compensation and Benefits

My responsibilities are to perform detailed audit of payroll from all aspects i.e. earnings & deductions.
Incorporation of the data in Human Resource Management System i.e. Advance Salary deduction, Income Tax deduction, vehicle loan deductions, Provident Fund loan deductions and provide other deductions/allowances to HR for finalization of payroll.
Prepare salaries expense analysis with detail disclosures.
Perform expense recording according to respective budget head and cost center

Employees Full & Final Settlements

Perform detailed audit and verification of full and final settlement from all aspects.

Payable Management

 My responsibilities are to audit & verification of vendor’s invoices and booking of accounts payable according to their budget head and cost center.
 Compile financial information related to expense analysis on monthly basis and prepare detailed report for management’s review.
 Releasing the payments as per credit term after impact of withholding of income and sales tax.
 Prepare payable ageing to monitor and facilitate liquidity position of the company.


Recognized Provident Fund

 Maintain books of accounts of recognized provident fund in Sidat Hyder Financials.
 Analysis for Investment of funds to the PIB’s, TFC’s and Mutual Funds to avail optimum returns.
 Prepare annual provident fund accounts and allocate the profit between interest bearing and non-interest bearing employees at the closing of fiscal year.
 Incorporate in accounts employee & employer contribution and PF loan deduction and making payments.
 Coordinate and provide workings for provident fund annual audit to the external auditors, consolidated loan schedules, accrued & realized Income reconciliation.

Financial Reporting & Budgeting

• Involve in the preparation and presentation of financial statement.
• Prepare reports to analyze business unit performance for the managements i.e. M-Schedules.
• Working with executive to prepare selling and promotional expense report of all teams of the company and analyze the selling and promotional expense and prepare detailed report to the management.
• Prepare controller’s letter for the parent company to evaluation of the finance health of the company.
• Preparation of Zone wise reporting of all business units of the company.
• Involve closely in the preparation of sales and inventory budget, ASP budget, G&A budget & Head count of the company.
• Coordinate and follow-up from other departments to gathering the data for establishing budget.

Property, Plant & Equipment

• Maintain Fixed Assets Register, initiate disposal of fixed assets and update in General ledger.

External Audit

• Involve in the annual audit of the company and prepare working for external auditors

Core Responsibilities:

• Responsible for Books of Accounts of head office, clinics and schools.
• Prepare receipts and payments accounts of all clinics and schools.
• Verification of payments, receipts and journal vouchers & prepare bills of donors on monthly basis.
• Prepare & manage of Fund Flow & Cash flow statement for existing projects and operations of head office.
• Co ordination with Banks, Sponsors and other departments.
• Prepare bank reconciliations of various banks.

Core Responsibilities:

• Prepare all types of vouchers and post transaction into system.
• Maintaining bank reconciliation, with all other sister concern companies.
• Maintaining of companies receivables and payments.

Financial Audit

 Assist the supervisor for making the verification of general ledgers and prepare audit papers.
 Vouching of receipts & expense with necessary assessment.
 Audit of bank reconciliations and verify subsequent clearance of instruments.

Fixed Assets Audit
• Physical verification and tagging of fixed assets & punching the data in to Fixed Assets Management System.
• Splitting of bulk entries in to separate form and prepare client data in to FA Register.
• Reconciliation of client’s Items with physical data.