Skylink Distribution

Controls	Category	Standard Operating Procedures (SOPs)	Role	MRM Agenda	Start	End	Procedures	Instructions	Reviewed By	Remarks
01 — Group - Finance Department	Strategy Planning	Develops Long-term Financial Strategies and plans aligned with the company's goals	Syed Umair Ali	Daily	01-Jul	30-Jun	Bcp meetings, Director meetings, Action plans	Meetings	CEO	Continuous
02 — Group - Finance Department	Risk Management	Identifies and manages financial risks to safeguard the company’s assets.	Syed Umair Ali	Daily	01-Jul	30-Jun	Financial Oversight, Ensuring compliance over tax matters, Monitoring of notices, meetings with consultants	Case Study	CEO	Continuous
03 — Group - Finance Department	Budgeting and Forecasting	Develops and manages the company's budget, including financial forecasts and models to guide business actions.	Syed Umair Ali	Daily	01-Jul	30-Jun	Bcp meetings, Director meetings, Action plans relating to ongoing matters	Meetings	CEO	Continuous
04 — Group - Finance Department	Audit Coordination	Coordinates with internal and external auditors	Syed Umair Ali	Daily	01-Jul	30-Jun	Review internal audit reports, Suggest ways to team to resolve issues, addressing requirements of auditors	-	CEO	Continuous
05 — Group - Finance Department	Process Improvement	Identifies and implements improvements in accounting processes and systems.	Syed Umair Ali	Daily	01-Jul	30-Jun	Review Accounting Cycle, Mapping against transactions, Review auditor's recommendations, Implementation of IFRS and IAS.	-	CEO	Continuous
06 — Group - Finance Department	Payroll Management and Processing	Manages payroll operations, including salary tax, allowances and deductions calculations and disbursements.	Syed Umair Ali	Monthly	01-Jul	30-Jun	Coordination with HR department, verification of approvals for salary held, increments, and deductions, if any.	-	CEO	Continuous
07 — Group - Finance Department	Tax and Compliance	FBR and authorities Notices	Syed Umair Ali	Daily	01-Jul	30-Jun	ESRB, EPRA, EFBR, IRIS, ESECP	-	CEO	Continuous
08 — Group - Finance Department	Cash Flow Management	Monitors and manages cash flow to ensure operational efficiency.	Team Finance	Daily	01-Jul	30-Jun	Review of Bank Statements and Reconciliations, Expense Sheets, Debtor Reports, Vendor Subsidiary Ledgers, Payment Requests	-	Syed Umair Ali	Continuous
09 — Group - Finance Department	Internal Controls	Implements and monitors internal controls to prevent errors and fraud.	Team Finance / Internal Auditors	Daily	01-Jul	30-Jun	Scrutiny of Supporting Evidence, Review Compliance over documentation, Checking approvals	-	Syed Umair Ali	Continuous
10 — Group - Finance Department	Account Receivable	Generates and sends invoices to customers	Adil	Daily	01-Jul	30-Jun	Remain updated with the ongoing jobs, check status of current jobs through emails, ensuring compliance over supporting documents and do the needful to arrange for missing, if any.	Emails	Syed Umair Ali	Continuous
11 — Group - Finance Department	Account Receivable	Monitors accounts receivable and follows up on overdue payments.	Adil	Daily	01-Jul	30-Jun	Debtors Aging Reports, Bad Debts Reports, Review previous follow ups, Ensuring timely follow ups on due payments	Emails	Syed Umair Ali	Continuous
12 — Group - Finance Department	Account Receivable	Record Maintenance	Adil	Daily	01-Jul	30-Jun	Maintains accurate records of receivables and payments.	As per Sop's	Syed Umair Ali	Continuous
13 — Group - Finance Department	Account Receivable	Customer Supports	Adil	Daily	01-Jul	30-Jun	Addresses customer inquiries and resolves billing issues.	As per Sop's	Syed Umair Ali	Continuous
14 — Group - Finance Department	Account Receivable	Transaction Recording	Adil	Daily	01-Jul	30-Jun	International Accounting Standards (IAS), International Financial Reporting Standards (IFRS)	As per Sop's	Syed Umair Ali	Continuous
15 — Group - Finance Department	Accounts Payable	Invoice Processing	Adil	Daily	01-Jul	30-Jun	Receives, reviews, and processes invoices.	As per Sop's	Syed Umair Ali	Continuous
16 — Group - Finance Department	Accounts Payable	Payment Management	Adil	Daily	01-Jul	30-Jun	Ensures timely payment of bills and maintains vendor relationships by checking Vendor's Subsidiary Ledgers, Aging Reports, Deduction of Taxes using latest tax cards	As per Sop's	Syed Umair Ali	Continuous
17 — Group - Finance Department	Accounts Payable	Record Maintenance	Adil	Daily	01-Jul	30-Jun	Keeps accurate records of all accounts payable transactions, checking for compliance, ensuring proper recording of all transactions, timely providing of tax deduction certificates to vendors.	As per Sop's	Syed Umair Ali	Continuous
18 — Group - Finance Department	Accounts Payable	Reconciliations	Adil	Weekly	01-Jul	30-Jun	Reconciles accounts payable reports with financial statements, Obtaining vendor statements, notify issues to vendor and management	As per Sop's	Syed Umair Ali	Continuous
19 — Group - Finance Department	Accounts Payable	Transaction Recording	Adil	Daily	01-Jul	30-Jun	Records financial transactions and ensures accuracy in the accounting system, postings and maintenance of General Ledgers and reports	As per Sop's	Syed Umair Ali	Continuous
20 — Group - Finance Department	Petty Cash Management	Fund Management, Disbursements, Record Keeping	Ayesha Sami	Daily	01-Jul	30-Jun	Managing and Safeguarding Petty Cash, Following company policies, Ensuring to kept cash secure and only used for authorized purposes, Check for receipts against payments.	As per Sop's	Syed Umair Ali	Continuous
21 — Group - Finance Department	Petty Cash Management	Reconciliation, Reporting, Replenishment	Ayesha Sami	Daily	01-Jul	30-Jun	Regular Reconciles check in hand cash and receipts are equal to amount of fund, preparation and submission of reports on expenditures to the team and management.	As per Sop's	Syed Umair Ali	Continuous
22 — Group - Finance Department	Petty Cash Management	Transparency & Documentation	Ayesha Sami	Daily	01-Jul	30-Jun	Ensuring that all petty cash transactions are properly recorded and reported to maintain financial integrity, ensure proper documentation, Check company policies and report any misuse	As per Sop's	Syed Umair Ali	Continuous
23 — Group - Finance Department	Petty Cash Management	Expense Tracking	Ayesha Sami	Daily	01-Jul	30-Jun	Monitors and records expenses to ensure proper allocation.	As per Sop's	Syed Umair Ali	Continuous
24 — Group - Finance Department	Funds Disbursements	Payment disbursements and check for compliance over documentation	Ayesha Sami	Daily	01-Jul	30-Jun	Review Documentations, Approvals, Job Status Reports	As per Sop's	Syed Umair Ali	Continuous
25 — Group - Finance Department	Funds Management	Bank Reconciliations	Ayesha Sami	Weekly	01-Jul	30-Jun	Perform Bank Reconciliations, Identify Discrepancies, Adjust Records, Verify Transactions, Prepare Reports, Summarize Findings, Investigate Issues, Document Changes, Update Systems	As per Sop's	Syed Umair Ali	Continuous
26 — Group - Finance Department	Funds Management & Reporting	Funds Position Reporting	Ayesha Sami	Daily	01-Jul	30-Jun	Share Available funds reports by sharing bank balances after adjusting disbursed payments and or any incoming payment realization	As per Sop's	Syed Umair Ali	Continuous
27 — Group - Finance Department	Assets Management	Non-Current Assets Recording, Accounts for Depreciation and Amortizations	Ayesha Sami	Daily	01-Jul	30-Jun	International Certified Professional Accountants Pakistan (ICAP) Guideline Manual	As per Sop's	Syed Umair Ali	Continuous
28 — Group - Finance Department	Tax and Compliance	E-filings	Zeeshan	Monthly	01-Jul	30-Jun	ESRB, EPRA, EFBR, IRIS	As per Requirements	Syed Umair Ali	Continuous
29 — Group - Finance Department	Data Management	Execution, Recording, and Processing of Financial Data	Zeeshan	Monthly	01-Jul	30-Jun	Sales Tax Invoices, Ledgers, Documentations etc.	As per Requirements	Syed Umair Ali	Continuous
30 — Group - Finance Department	Tax and Compliance	Preparation of PSID's against withholdings, tax payables	Zeeshan	Daily	01-Jul	30-Jun	Income Tax Ordinance 2001, Sales Tax Act, 1990, Sindh Sales Tax Act On Services, 2011, Punjab Sales Tax Act On Services, 2012.	As per Requirements	Syed Umair Ali	Continuous
31 — Group - Finance Department	Tax and Compliance	SECP Filings, AGM Submissions, Compliance against Notices, Advisory Services relating to tax matters, Corporate and Individual Filings	Usman Ahmed Abid	As Needed	01-Jul	30-Jun	Companies Act 2017, Income Tax Ordinance 2001, Sales Tax Act, 1990, Sindh Sales Tax Act On Services, 2011, Punjab Sales Tax Act On Services, 2012.	As per Requirements	Syed Umair Ali	Continuous
32 — Group - Finance Department	External Audits	Review of Financial Statements, Conduct of External Audits, Issuance of Audit Reports	Salahuddin & Co.	As Needed	01-Jul	30-Jun	International Accounting Standards (IAS), International Financial Reporting Standards (IFRS)	As per Requirements	Syed Umair Ali	Continuous
33 — Group - Finance Department	Internal Auditors	Risk Management, Compliance Monitoring, Operational Efficiency, Financial Accuracy, Evaluation of Internal Controls, Report Findings	Crow Hussain Chaudhury	Daily	01-Jul	30-Jun	International Standard of Auditing (ISA), International Accounting Standards (IAS), International Financial Reporting Standards (IFRS), Companies Act 2017, Income Tax Ordinance 2001, Sales Tax Act, 1990.	As per Requirements	Syed Umair Ali	Continuous

Finance Department

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