Lakmini Meegahapola

Finance System Upgrade - Key SME to D365 implementation

• Lead the UAT testing (including preparing testing scenarios and malfunction testing scenarios) and data migration planning (including data reconciliation) for the Accounts receivable module.
• Complied complete user manual for the D365 AR module for future reference.

Accounting Duties

• Drive the month end process by preparing accurate timely financial statements including accruals, prepayments and revenue reconciliations.
• Maintain financial reporting accuracy through meticulous data analysis and reconciliations.
• Prepare reports and supporting documentation during half year and year-end audits.
• Prepare monthly balance sheet reconciliations and supporting documentation.
• Monitoring accounts receivable balances by diligently following up on overdue invoices and maintaining weekly debtor reconciliations.
• Contributed to the annual budgeting process by providing accurate forecasts and analysis of expenses.

Staff Training

• Conducted a series of training sessions to the finance team, on how venues operates and topics specific to the hospitality industry by collaborating with other departments.
• Key training personal for new recruits and a mentor to assistant accountants.
• Provide training to current system users to enhance their proficiency on the new finance system to improve efficiency.

Highlights

Developed an excel model for one of the clinics to calculate healthcare provider’s fee distribution based on the item numbers to cater for clinic owners’ need to allocate different percentages of fees based on service item numbers

This has eliminated the requirement for manual calculations of fee distributions and has improved the accuracy and timeliness of reporting which improved the process efficiency by 30%.

General Accounting Duties

• Month end Financial reports: Finalising monthly financial reports, including balance sheet reconciliations, revenue recognition, accruals, prepayments and detailed management commentary on each clinic by work day 7 for Finance manager’s review.
• Payroll: Calculation and processing of fortnightly payroll and finalizing EOFY payroll reconciliations and STP submissions to ATO. Act as the main contact person for all payroll related queries for each clinic.
• Accounts Payable: Managing the accounts payable function through DEXT and processing fortnightly payments. Reconciling creditor statements and following up on outstanding invoices.
• Reconciliations: Reconciling Clinic’s Bank and Credit cards weekly ensuring
• Distribution to Practitioners: Preparation and calculation of fortnightly Healthcare Practitioners’ distributions.
• Cash Flow forecasts: Preparation of weekly cash flow forecasts and notifying clinic owners on possible cash surplus/ deficits.
• Inventory: Reconciling/ updating clinic inventories

Highlights

Developed an excel model to recognize employee costs accurately when the stores rotate staff members among closely located stores.

General Accounting Duties

• Month end Financial Reports: Finalised monthly financial reports, including balance sheet reconciliations, sales reconciliations, revenue recognition, accruals, prepayments and detailed management commentary on 8 corporate stores by workday 5 for Finance manager’s review.
• Payroll: Processed fortnightly payrolls for all corporate stores and quarterly superannuation reconciliations. Monthly lodgment and payment of IAS for all corporate stores.
• Accounts Payables: Managed invoices received in the Redmap invoice management system and processed weekly supplier payments. Reconciled creditors’ statements monthly and followed up on outstanding invoices.
• Bank reconciliations: Reconciled bank accounts for each corporate store weekly and finalized the bank reconciliations on workday 1.
• Sales reconciliation: Prepared sales reconciliations for each corporate store weekly to ensure all cash sales were deposited timely and payments from delivery partners received regularly.
• Inventory: Reconciled inventory for each store and posted relevant journal entries for month end.
• Accounts Receivables: Issued invoices for corporate events and followed up on outstanding payments.

General Accounting Duties

• Processed fortnightly payroll for employees of client organisations’, including commissions, taxes, time off and superannuation.
• Reconciled client company’s bank accounts and credit cards on weekly/monthly basis.
• Managed client organisations’ accounts payable and receivable functions in an efficient and accurate manner ensuring payments are made/received on timely basis.
• Maintained client’s Fixed Assets registers and calculated monthly depreciation and posting journal entries.
• Assisted in BAS preparation including calculation of GST, PAYG and FBT

I took a four-year break from 2015 to 2019 to raise my children during their formative years.

During this time, I refreshed my financial accounting knowledge by form of self-studding.

Highlights

Developed a financial instrument register in Excel to forecast the investment income for any given period.

Responsibilities

• Presented data-driven recommendations to senior management, resulting in strategic decisions that positively impacted the company''s bottom line.
• Presented the quarterly performance and forecast for the following quarter to th Investment Committee (which is a board sub-committee).
• Presented the monthly investment performance to the top management.
• Forecasted daily cashflow to identify possible surpluses or deficits and actively negotiated with government security dealers to invest any surpluses short term.
• Mentored junior analysts, guiding them through complex financial analyses and fostering professional growth.

• Conducted regular portfolio reviews, ensuring optimal alignment with clients'' financial goals and risk tolerance levels.
• Developed comprehensive financial models for evaluating potential investments, leading to increased returns.
• Advised the management on optimal investment strategies, considering their risk tolerance and investment objectives.
• Collaborated with cross-functional teams to identify new investment opportunities and assess market trends.

• Enhanced portfolio performance by conducting thorough investment research and analysis.
• Reduced risk exposure through diligent monitoring of market trends and economic indicators.
• Streamlined internal processes, resulting in improved efficiency for the investment team.