Managing Budgeting & Costing Procedures.
· Formation of improved Cost Standards.
· Product pricing and Margin Analysis
· Advising on cost reduction opportunities / techniques.
· Setting cost targets to maximize business.
· Identify Process Losses and advise Strategy to reduce them
· Achieve maximum alignment in Budgetary goals & Actual results
· Forecasting future trends to cover maximum financial risk
· Finding, evaluating and eliminating reasons for variations between actual and budget.
Managing Accounting & Finance Procedures.
• Monitor the day-to-day financial operations within the company
• Providing and interpreting financial information
• Monitoring and interpreting income, cash flows, expenditures and predicting future trends
• Analyzing change and advising accordingly
• Review financial data and prepare monthly and annual Accounts
• Provide insightful information and expectations to Management to aid in long-term and short-Term decision making
• Researching and reporting on factors influencing business performance
• Track the company\'s financial status and performance to identify areas for potential improvement
• Developing financial management mechanisms that minimize financial risk
• Conducting reviews and evaluations for cost-reduction opportunities
• Liaising with auditors to ensure annual monitoring is carried out
• Oversee financial department employees, including financial assistants and accountants
• Understand and adhere to financial regulations and legislation
Compliance of Income Tax, Sales Tax , PRA & SRB Tax Laws.
• Following up Tax laws updates for due compliance.
• Working of Income Tax Statements on Online Portal to eFBR.
• Working of Sales Tax Statements on online portal to eFBR.
• Working of Punjab Revenue Authority (PRA) statement Online.
• Working of Advance Tax Under Section 147
• Working and liaison with Tax office for Tax Notices.
• Preparing replies and workings to Income Tax notices received.
• Preparing replies and workings to Sales Tax notices received.
• Preparing replies and workings to PRA Tax notices received.
• Attending Tax hearings to submit and answer Tax Office queries.
• Working to reduce the tax burden / demand mentioned in Notices.
Preparing Budgets and forecasted financial statements; Costing of job orders / contracts based on pre-determined standard costs; Analyses of variances occurring and finding reasons behind; Performing capital budgeting for various investment plans; Creating new and innovative ideas reporting to CFO
Preparing students for the real world accounting challenges Teaching B.com Hons. / BBA Hons. and MBA Students Lectured Financial Management, Financial Accounting & Costing subjects Worked Full time with helping students queries in Extra time. Providing notes and tips to prepare for professional level exams.
Controlling overall branch accounting procedures; Bank reconciliation, receipt & payment vouchers and ledgers; Petty cash management & budgeting; Dealing with banking matters & liaison with them;
Cheques verification; Maintaining Lockers record; Clearing deposits & generating bank statements Customer dealing / Customer service