Muhammad Arshad
Accountant
Karachi
Summary of Career
1. Manage & review the Ledger of all capital investments of company and CWIP/Fixed assets as per IFRS
2. Maintain control sheet of all leased vehicles and its rental from time to time.
3. Record disposal and actual gain/ loss on sale of all fixed assets
4. Run fixed assets schedule/ ledger on monthly basis and record depreciation of assets at the year end
5. Maintain lease rental record on monthly basis and to recheck lease rental and security deposit by 10th day of each preceding months whether all rental would be posted properly
6. Review lease maturity of all motor vehicles on monthly basis
7. Prepare letter for bank for release of leased motor vehicles after its maturity.
8. Prepare division wise fixed assets reports, additions, deletions and gain/loss report
9. Reconcile General Ledger of Sister Concern (Loan A/C) with Parent Company (Loan A/C) on monthly basis.
10. Manage the Chart of Account and open the new account under the relevant and proper head & fulfilled the various tasks as assigned by CFO from time to time
Experience as ACCOUNTS EXECUTIVE
01 December 2018
29 January 2020
• Preparation of monthly comparative management accounts i.e., Profit & loss account
• Managing record of inventory In and Out in ORACLE System
• Monitor procedures in respect of checking, authorizing accounts for payment/ verification and further submission
to ORACLE System
• Maintaining fixed assets register, recording Gain/ Loss and prepare reconciliation of any discrepancies
• To prepare debtors and creditors ageing analysis and reconciling the debtor’s & creditors balances on monthly
basis with the customers/vendors
• Bank dealings and review monthly bank reconciliation statement
• To handle routine cash for day to day transactions
• To ensure tax compliance on payments
• Dealing tax matters with Tax Consultants
Experience as ACCOUNTS & TAX EXECUTIVE
12 March 2015
30 November 2018
• Preparation and finalization of financial statements of Individuals, A.O.P.’s & Companies
• Computation and e-filing of Income Tax Return of Individual, A.O.P.’s & Companies on IRIS portal
• Preparation, computation and e-filing of Sales Tax Return on FBR portal
• Preparation of cash reconciliation & e-filing of wealth statement
• Making correspondence & compliances of various notices issued by FBR under income tax law
• Generating sales tax & income tax challans (PSID)
• Preparing, filing of refund application and applying for exemption certificates on IRIS portal
• Preparing and filing of monthly and annual statements of withholding taxes of salaried and other than salaried U/s.
149 & 165 on IRIS portal under Income Tax Ordinance, 2001
• Preparation and computation of quarterly advance tax as per I.T.O., 2001
• Advisory services of wealth management to clients
Master 15 January 2011
M.COM (Finance) from University of KarachiOther 15 January 2019
ACMA from Institute of Cost & Management Accountant of PakistanBachelor 31 December 2008
B.Com from University of KarachiIntermediate 31 December 2005
Intermediate from Karachi BoardMatric 31 December 2003
Matric (Science) from Karachi Board