Siddiqsons Limited

Accounts Department

SUMMARY OF KPI
Particulars
Financial Management Cost Accounting management Wages & Payroll Management Provident fund Management Fixed Asset Management Taxation Total
Rating Criteria Excellent Good Fair Poor 75-100 60-74 40-59 <40

Weightage Points Remarks

300 150 100 50 150 100 750 170 100 68 27 90 60 455 Fair Good Good Fair Good Good Good

FINANCIAL MANGEMENT
S.N 1 Detail of Work Monthly Accounts on 15th of Following Month Weigthtage Points 50 25 15 30 15 8 Remarks Good Good Fair Fair Excellent Fair Excellent

2
3

Ensure Booking Of Monthly Expenses 12th Working Day Organize Stocktaking Of Store, Raw Material , WIP and Finished Goods By 1st of following month Stock and Store Valuation on 12th of following month Provision including Markup enteries by 12th of following month Reconciliation of accruals and other payables including supplier by 20th of following month
Bank and Petty Cash Reconciliation 8th of following month Sales Tax must be completed and submitted by 12th of the followig month

4
5 6 7 8

25
5

12
4

10
10 25

5
8 15

Good

FINANCIAL MANGEMENT
9 10 11 12 13 14 Inter unit reconciliation by 12th of followinng month Issuance / Booking of Debit and Credit notes by 5th of following month Reconciliation of import L/C and lended cost sheet by 12th of following month Receipt of proceeds of export shipment by 3rd day of bank credit Cash flow statement by 15th of following month Completion of every quarter after all balancing & reconciliation Purchase reconciliation through goods receipt note and ITO by 8th of following month All courier enteries by 15th of following month Financial Management Total 20 10 10 10 15 50 10 8 6 8 9 18 Fair Excellent Good Excellent Good Poor Excellent Good Fair

15
16

10
10 300

8
6 140

COST ACCOUNTING MANAGEMENT

S.N 1 2 3 4 5 6 Detail of Work Order closure by three working days after production completion Valuation of Raw Material, WIP, Finished goods and Stores by 12th of following month Pre-Costing to be received 1 day before the execution of the order General Ledger to be updated of receipt of goods on GRN , not on receipt of bills Variance analysis of order closure with reason on all order Sheet Weigthtage 20 25 25 15 20 Points 10 18 20 12 10 Remarks Fair Good Excellent Excellent Fair Good Excellent Good

Report of capacity utilization and production loss ny 10th of the following month Yield report on 10th of the following month
Cost Accounting Management Total

25
20 150

15
15 100

WAGES & PAYROLL MANAGEMENT

S.N
1

Detail of Work

Weigthtage
10 10 15 5 15 10 10 5 10 10 100

Points
7 7 10 3 10 7 7 3 7 7 68

Remarks
Good

Attendance closure on 25th of the month and submitted to internal auditor by 28th of the month 2 Internal Auditor will take two days for audit of the payroll sheet for checking and verification 3 Loans and advances will be checked with accounts department by 29th of the month 4 Account will take one day for checking and booking of payroll and preparation of bank payment voucher. 5 Final payroll will be submitted by 1st of the following month to the finance department for approval and payment 6 Internal auditor will take one day for audit of the wages sheet for checking and verification 7 Cash disbursement for salaries and wages to be made within 2 days from the date of receipt 8 Unpaid salaries and wages to be re-deposited in the bank by 10th working day of the disbursement of the salary and wages 9 Clearance and booking of final settelements within 5th working day from the receipt 10 Wages Sheet from the contractor to be received by 26th of the month Wages & Payroll Management Total

Good
Good Good Good Good

Good
Good Good Good Good

FIXED ASSETS MANAGEMENT

S.N Detail of Work Preparation of Journal voucher for booking of provident fund transaction of the month Payment / disbursment of PF while settlement of full and final of employees within 15 days of the following month Reconciliation of PF balance with the books on quarterly basis on 15th day of the next quarter Ensure proper investment and audit within 90 days of the close of accounts and report non-confirmity to the Management within 120 days of the book closure Fixed Assets Management Total Weigthtage 15 15 Points 10 8 Remarks Good Fair Fair

1
2

3
4

10 10
50

5 4
27

Fair Fair

TAXATION

S.N 1 2 3

Detail of Work

Weigthtage

Points

Remarks Fair Fair Fair

Sales tax bills / invoices 5th of follwing month Sales tax return to be submitted to internal auditors by 7th of the following month Sales tax return to be filed by the concerned persons by the 10th of the following month Submission of statement of withholding tax , salaries, suppliers and services by 15th of following month

20 30 20

10 16 10

15

12

Excellent

EOBI & SESSI return to be submitted by 15th of the following month

Fixed Assets Management Total

15 100

12 60

Excellent Good

THANK YOU