Ibrahim serag eldin Serag

Financial Accountant &Clients Accountant at shams Group 2004 –Till March2013Full Time

• Job Details:Review all new contracts for revenue recognition methodology Customer accounts reconciliation • Ensure accurate payments allocation Credit notes management Sub ledger reconciliation • Evaluate period end deferred balances • Follow up with sales on outstanding items • Build internal policy for operations, sales and contract negotiations to minimize negative impact on revenue recognition • Develop and maintain internal systems to manage contracts with respect to revenue • Review and make recommendations regarding bad debt or write-offs • Reconciliation of cash books • Actively participating and driving system implementation and process improvement • Assisting in the annual audit and working with auditors on all issues for revenue recognition • Ensure compliance to Group accounting policies in transaction processing • Ensure proper GL close to agreed timelines and completion of all Balance Sheet Reconciliations • Ensure valid, accurate and timely recording of all sales invoices including management of invoice preparation • Oversee transaction posting in the area of AR and resolve any issues •Prepare and coordinate deposit activities •Monitor customer accounts for non or delayed payment •Makes polity dialog and calling with client about several figures about the account and a lot of times I may make the deal with clients under license of my manger. •Fixing reports weekly, monthly, every three and six months about clients' accounting (credit and debit). • Prepare and submit customer invoices •Congruent financial transactions, banks, and clients' accounting. •Receipt cash and checks from client. • Good communication skills • Excellent customer service skills • Professional appearance, good hygiene and enthusiastic attitude Secures revenue by verifying and posting receipts; resolving discrepancies. • Posts revenues by verifying and entering transactions form lock box and local deposits. • Updates receivables by totaling unpaid invoices. • Maintains records by microfilming invoices, debits, and credits. • Verifies validity of account discrepancies by obtaining and investigating information from sales, trade promotions, customer service departments, and from customers; • Resolves valid or authorized deductions by entering adjusting entries. • Resolves invalid or unauthorized deductions by following pending deductions procedures. • Resolves collections by examining customer payment plans, payment history, credit line; coordinating contact with collections department.