Tiruselvam Kupusamy

Perform daily account receivables functions updates. Closely monitor, control and update customers’ accounts & details for payment collection.

• Reconciled accounts receivable ledger to verify payments and resolve variances.
• Performing account reconciliations, investigating, and resolving any discrepancies or enquiries
• Followed up overdue payments and payment plans from clients to establish good cash flow
• Prepare weekly collections (collection report) and weekly update of outstanding balance of Debtors account.
• Improved cash flow by diligently managing accounts receivable and implementing efficient collection strategies.
• Exercise careful judgment in analyzing past due accounts to propose service or credit restrictions and monitor these customers for lifting restrictions.
• Utilized Microsoft Excel, SAP software to manage invoices and payments.
• Developed and implemented strategies to improve collection processes and reduce overdue payments.
• Collaborated with sales teams to resolve billing issues, resulting in improved customer satisfaction and increased revenue.
• Participated in financial audits by providing detailed documentation related to receivables transactions as needed.
• Transmedic Regional Office
  (SINGAPORE, THAILAND, INDONESIA, VIETNAM, CHINA, PHILIPPINES)
• Manage regional accounts Receivable and related matters, credit review and assessment.
• Participate actively in streamlining AR reporting process and system enhancements.
• Monitor AR outstanding balances by region and Key account and handle AR queries from regional office and support with solution.
• Monitor progress of bank clearing, unapplied & unidentified cash and AR suspense accounts. Work together with regional office to resolve issues of ageing items.
• Review and manage AR write-off entries and reports and involve in preparation of provision of doubtful debts for management review.
• Routinely interface with regional teams on day-to-day receivable issues including overdue accounts and continually providing guidance on billing and collection matters.
  
  Management reporting
  
  Preparation of monthly Debtor’s Aging report for Group's debtors and presentation to parent company in Australia (EbosTech Ltd), reporting to the Chief Credit Controller and the management team.
  
  Responsible for reporting to the parent company and answering questions on the AR aging of regional debtors.
  
  Responsible to provide AR Commentary for all the regional office on the top debtor according to aging bracket 30 days, 60 days and 90 days plus. Provide insight and high-level commentary to management team.
  
  Responsible for re-aging exercise for all the regional office for those customers on installment plan, received PDC, pending court case and other issues.

• Responsible for setting up accounting and bookkeeping methods for small businesses using AutoCount or QuickBooks
• Included costing, budget, accounts payable, accounts receivables, bank reconciliations, payroll processing, tax reporting, and preparation of financial reports.
• Specialised in cleaning up accounts that had not been professionally recorded or had been ignored.
• Provide training for small businesses to develop a system to account for financial transactions by establishing a chart of accounts.

Account Receivable Specialist

• Perform day-to-day financial transactions using ORACLE Accounting software including verifying, posting, generating a report for Sales and AR Aging and recording accounts receivable, and recognizing revenue
• Perform monthly Intercompany Billing to the ASEAN country for Project labor, Management Fees, and intercompany expenses.
• Responsible to ensure that queries and disputes are dealt with and resolved to proceed with the client and intercompany invoices on time.
• Responsible to monitor and follow up regularly on overdue payments, liaising with the sales teams and following up on trade references on the credit worthiness of new customers, delivering effective and efficient Credit Control, Collection, and Risk Management.
• Responsible for weekly reporting on the Revenue recognition for recognized and unrecognized revenue to the Sales team and ASEAN management team.
• Performs monthly accounting closing and ensure accurate and timely closing of financial statement.
• Responsible for the monthly closing report of Recognized and unrecognized revenue report, Intercompany Billing Report for Consultant Labor cost, Oracle BI Report, and AR Aging Report for Mid and month-end.

Tax specialist

• Responsible to provide tax advisory and support to Business Unit on tax-related matters such as corporate tax, withholding tax, and sales and services tax.
• Responsible for Monitoring and overseeing tax installment, tax refunds, tax credit set-off, withholding tax
• Perform computation and return for sales and services tax (SST) bi-monthly. Responsible for Extract Financial Tax Register report and computing SST for client invoices and SST for imported services.
• Perform and review Withholding tax computation for client and intercompany payment and responsible for CP107 form submission to IRB.
• Dealing with external tax consultants as well as the Inland Revenue Board and related authorities on tax matters of the company.

Achievements
Aged Receivables Improvement: Reduced aged receivables from MYR750K (aged more than 600days) to MYR200K(aged less than 100days). Revamped AR procedures and filing systems, created spreadsheets to enhance tracking of receivables, followed up on open accounts, and negotiated with clients during payment collection.

Tax Manager

• Responsible for Tax related matters on corporate tax compliance and Tax accounting for Westports Malaysia Sdn Bhd (WMSB) and Westports Holdings Berhad (WHB).
• Responsible for the 2019 tax submission for WMSB and WHB in accordance with local regulations.
• Responsible for Withholding tax calculation for payment to Non-resident for WMSB and WHB. Prepared Tax provision and deferred tax computation for month-end reporting.
• Provided general tax advisory and tax planning to CFO and HOD to optimize the Company's tax benefits according to Tax Laws. (E.g. Presented Tax incentive that benefits WMSB to mitigate the impact of COVID-19)
• Provided training and sharing sessions to staff to improve their tax knowledge and kept them abreast of current developments. Presented insights of the Economic Stimulus Package 2020 and Highlights of Budget 2021.

Account Payable Manager

• Managed a team of AP to ensure that daily reconciliations are done daily, and unreconciled items are cleared on a timely basis.
• Reviewed and initialed all valid invoices for daily and batch payments made to vendors/staff/local authorities.
• Handled month-end close issues before the closure, e.g. AP reconciliation activities before the close and proactively resolve any problems before month-end closing.
• Prepared and produced monthly AP dashboard analysis for internal stakeholders to support business decision making.

Management Reporting

• Prepared monthly Business Performance Report and commentary on Finance Cost, Manpower Cost and taxation for Management Committee Meeting.
• Prepare monthly closing and Audit schedule for Finance cost, Manpower cost, payroll, and taxation.

Achievements

Liaised with Government Relation Manager in preparing a working paper for Exemption on Sales Tax on locally manufactured machinery and equipment for port operation under " Pakej Rangsangan Ekonomi" announced on 27 February 2020. MOF granted an exemption, sales tax saving approximately RM5 million.

• Setup a full accounting system and chart accounts for clients.
• Handled complete books of accounts independently including sales transaction, bank reconciliation, inventory, account receivables & payable, debtors & creditors aging.
• Performed accounting functions such as profit and loss, cash flow, balance sheets preparation, and maintenance of accounting for clients.
• Analyzed financial statements and reports as well as provide financial advice to clients and provide advice on the related IFRS.
• Prepared full set of tax computation and submission of tax returns for corporate and individual.

• Assisted clients with tax audits and voluntary settlements.
• Assisted clients with setting up Charitable Trust. - Liaising with IRBM on tax audit issues.
• Prepared transfer pricing reports for clients.
• Scheduled and coordinating meeting with potential clients and current clients.
• Scheduled, coordinated, and conducting transfer pricing seminars for clients.
• Prepared internal transfer pricing training materials.

• Drafted e-circulars to members on matters relating to tax practice, technical updates and attending to telephone enquiries from members.
• Assisted the Head of Department and Senior Manager to prepare memorandums and reports on tax technical compliance and operational issues.
• Compiled operation issues raised by members in connection with tax administration for submission to the tax authorities.
• Liaised with the tax authorities to seek clarification on operational matters.