Mansoor Elahi

• Prepared and delivered comprehensive financial management reports on monthly and quarterly basis.
• Collaborated with financial adviser in developing and managing planning and budgeting strategies
• Managed and prepared cashflow projections, variance analysis – projected vs actuals for presentation to BOD
• Led financial operations including managing General Ledger in NetSuite, ensuring accurate and timely transaction recording, and overseeing full-cycle accounting processes
• Managed treasury function including all bank related matters, reconciliations, payments to vendors (domestic and International via EFT/WIREs) and collections from customers and their application
• Generated monthly reports, including accounts payable, accounts receivable, sales, inventory, profit & loss account, balance sheet and other operational reports
• Managed corporate credit card transactions and recording on monthly basis in respective General Ledgers including inquiries on unknown transactions
• Reviewed and finalized annual Financial Statements for directors and annual Review Engagement including balance sheet schedules and other listings (PPE, AR, AP, sales, Inventory, Accrued Liabilities, etc)
• Collaborated with external auditors to finalize audit reports and ensure compliance with financial reporting standards, preparing documentation for stakeholders and lenders
• Prepared basic cashflow requirement statements and actual vs budgeted Prepare & process bi-weekly payroll (20 employees) and disbursement thereof
• Generated PD7A (Payroll Deduction) report for payment to CRA
• Ensured regulatory compliance by overseeing preparation and submission of statutory filings, including annual T4s to CRA and ROE to Service Canada
• Generated and reviewed commission reports for payments to Sales Reps as per company policy
• Prepared and filling of WSIB ON and WorkSafe BC returns
• Prepared and filed GST/HST, and PST to other Finance Ministries (BC,SK,MB) including other statutory Returns
• Engaged in placement and implementation of Oracle NetSuite including migration and verification of data from SPIRE software on cut-off date
• Supervised and reviewed Purchase Orders and matching with vendor bills and enquiring any discrepancies from procurement / shipping department
• Applied prepayments to vendors, ensuring accurate alignment with corresponding Purchase Orders
• Oversaw and managed accounts payable processes to ensure timely and accurate payments
• Dealt with 100 plus vendors and external service providers with respect to payments and account reconciliations
• Managed and controlled 350+ Accounts Receivables, including payment applications, issuance of sales invoices and credit memos along with responses/resolutions re customer accounts
• Controlled and monitored credit card payments from customers and reconciliation of Merchant Service payouts
• Generated and issued monthly customer statement of accounts and responses thereon
• Coordinated with sales reps for day-to-day issue resolutions and guidance on use of Oracle NetSuite.

• Directed financial planning and budgeting, ensuring accurate cash flow projections and managing a multi-store retail operation to maintain financial stability and profitability.
• Prepared cash flow projections and conducted variance analysis (projected vs actual) for detailed presentation to Board of Directors.
• Reviewed and coordinated with supply chain department for procurement and analyze with historical data, projected/targeted sales
• Developed inventory ordering plans to optimize stock levels and meet targeted sales objectives.
• Reviewed and maintained General Ledger and performing full cycle accounting using QuickBooks
• Coordinated with professional firms for US and overseas entities with regards to monthly closing of books of accounts
• Reviewed and finalized intercompany transactions to ensure accurate consolidation of financial statements
• Prepared financial presentations for all stores, both for internal and external reviews. Analyzed monthly performance of each store and collaborated with management to develop strategies for achieving targets and improving EBITDA
• Led implementation of process improvements to enhance cash management functions, optimizing working capital and improving financial efficiency across multiple locations
• Acted as primary liaison with bank to provide monthly financial information for maintaining Line of Credit (LOC)
• Maintained and monitored Letter of Credit (LC) and Trust Receipt (TR) records
• Facilitated A/P – Cost Tracking, verifying vendor invoices and payment processing
• Recorded and maintained POs issued to suppliers and reconciliation with payments
• Coordinated with operation and supply chain department for transfer of inventory to LA and NJ and recording in books through invoices and follow up for A/R collections
• Coordinated with US and overseas accountants with regards to payroll, business permit licences, payroll returns, sales tax returns and corporate tax returns
• Implemented financial controls and maintained compliance with both Canadian and U.S. tax regulations, ensuring accurate quarterly and annual filings
• Assisted with payroll functions, ensuring accurate disbursement and issuance of pay stubs on bi-weekly basis.
• Coordinated with US consultants to set up and manage payroll operations for employees in LA and NJ stores.
• Coordinated with Employment Development Department (EDD) state of California for payroll account registration for new employer account number after merger
• Assisted management for arrangement and financing through various lenders and inventory financiers including working of interest on loans
• Coordinated with sales and marketing to develop promotional pricing strategies that are aligned with operational capabilities and internal ERP Systems
• Performed various tasks as assigned by senior management to support accounting and finance operations
• Undertook additional responsibilities related to accounting and finance as directed by CEO

• Supervised and managed A/R function, including management reporting, coordination with marketers in tracking receivables and timely collection, and deposit of funds received in company's banks
• Performed weekly aging analysis on AR in order to ascertain percentage collectability
• Performed treasury function and monitoring cash collection on daily basis from more than 20 bank accounts and reporting thereon
• Maintained the General Ledger and performed full cycle accounting
• Supported and closely worked with BDO Canada Ltd; who acted as a “Receiver” appointed by court for KGIC Inc and all its subsidiaries
• Coordinated with BDO on daily basis for the reconciliation of AR/tuition fee collection in BDO Trust account and comparing it with the ERP updated reports and vice versa
• Led and managed AP teams to make sure the completion of process considering the post/pre-receivership period for payment to vendors after verifying the correctness, accuracy and allocation of expenses including authorizations / approvals
• Prepared submission of payroll-input sheet to head office for the process of payroll including review of final payroll before submission to ADP by head office
• Involved in the complete process of the acquisition of SSLC (ON) Inc and SSLC (BC) Inc through BDO
• Provided required information to prospective buyer-CIBT Education group Inc
• Prepared financial statement at a cut-off date during the acquisition process, using ERP reports including the preparation of bank reconciliation to calculate revenue, deferred revenue, AR, pre-paid commissions for the period
• Prepared financial statements with accompanying notes in accordance with International Financial Reporting Standards (I.F.R.S.) Performed variance analysis on the financial statement
• Dealt with CRA auditors / trust examiners during the process of bankruptcy filed by BDO for the various subsidiaries of KGIC Inc
• Prepared and filed GST/HST Returns of various subsidiaries of KGIC Inc
• Facilitated BDO on the preparation of various KGIC subsidiaries corporation tax returns
• Managed the compliance of regulatory bodies (PTIB, MAESD), for the yearly renewal of DLI number, including resolution of enquiries received thereon
• Coordinated with the external auditors to complete the entire process of audit from engagement to the report issuance
• Dealt with the vendors for hiring services including price and terms negotiation.

Handled accounting and full-cycle bookkeeping using QuickBooks, including preparation and compilation of financial statements in compliance with regulatory standards

Managed payroll services using QuickBooks, including the accurate issuance of pay stubs, processing of PD7A payroll deductions, preparation of T4s and ROEs, and submission of T4 summaries to CRA

• Provided tax planning and advisory services, preparing corporate, GST/HST, and individual tax returns for various clients, including salaried and commission employees, self-employed individuals, realtors, rental income earners, and new immigrants. Additionally, handled amendments to previous tax returns to ensure compliance and accuracy
• Handled incorporation and business registration processes, ensuring timely filing of annual corporate returns and compliance with regulatory requirements
• Reviewed key agency agreements and provided feedback for specific client
• Evaluated and provided recommendations to improve processes and internal controls across critical areas such as sales, purchases, treasury, inventory, and payroll, enhancing operational efficiency and financial accuracy
• Engaged in complete process of implementation of ERP systems and supporting client for the complete interfacing of ERP with accounting software
• Coordinated and supported external audit from engagement, audit planning till the completion of audit in timely and cost-effective manner
• Provided support and information to CFO of a listed entity for quarterly reporting including issuance of MD & A
• Performed trend analysis of past financial results and provide feedback on revenue, operating/administrative expenses at head office and each school level
• Prepared and presented budget and cashflows to the BOD based on assumptions agreed upon
• Reviewed payroll, based on HR information and time sheets received from all locations, on bi-weekly basis before uploading to ADP
• Reviewed existing organization structure, functions and salaries to identify redundancies
• Discussed scope of work with client and prepare / issue of engagement letter to execute assignments
• Raised invoices to clients as per engagement letter and follow-up for the collection of AR.