Branch Manager operations
Ashok Parekh & Co
Total years of experience :18 years, 10 Months
Prepare, review and analyse financial statements and tax returns for Individuals, Partnerships, Trusts, Companies, Not for Profit and SMSFs
Prepare, review and measure all financial operations including cash flows and budgets and present appropriately monthly, quarterly and half yearly management reports to the clients
Meet with clients and onsite visits on a regular basis to discuss business plans, expansion, processes, accounts and financial statements, manage and train staff for various accounting tasks.
Set standard costs for all products and directed the implementation of cost accounting methods and activities
Oversee the cost control systems managed and interpreted cost audits and prepared cost accounting reports for presentation to upper management
Accumulated and applied overhead costs as required by generally accepted accounting principles
Reported on breakeven points margins and periodic variances by products and work centres
Investigated cycle counting variances and resolved issues working with the production
Manager to locate and dispose of obsolete inventory and replacement of equipment
Develop and maintain accurate product costs
Audit item costs costing programs and systems for accuracy
Ensure rates are appropriate and are kept updated with changes in the business
Coordinate proper cost absorption in inventory valuation
Assist Sales Team and Pricing Analyst with proposals for new products and business
Communicate variances and cost explanations to Management Team
Evaluate key performance indicators (KPI's) and communicate issues to Management
Perform cost / benefit analysis for new projects and capital acquisitions
Projects:
Involved in the role as the main external accountant for Kalpini Mine Project - JV - Aurenne Group /GTS / NBT & Fortify Mining Groups with the below activities alongside their internal accountant (PWC) and finance team in Sydney.
Provided direct oversight of a Market Analysis Manager and a Marketing Business Analyst. Prepared and presented sales, economic, market, competitive, and trends forecasts, analyses, and plans to senior-level executives, directors, sales professionals / trainees, shareholders, and industry analysts, synthesizing data to support improvement recommendations.
• Prepare, review and analyse financial statements and tax returns for Individuals, Partnerships, Trusts, Companies, Not for Profit and SMSFs (non BGL)
Prepare, review and measure all financial operations including cash flows and budgets and present appropriately monthly, quarterly and half yearly management reports to the clients
Meet with clients on a regular basis to discuss processes, accounts and financial statements Manage and train staff for various accounting tasks
Deal with all technical client issues and submit suggestions to the director
Investigate and reconcile discrepancies when they occur and give a helping hand to clients with their cloud based or regular software's like MYOB / QB / XERO etc
Comply with policies, procedures and standards at all times
Preparation and lodgement of BAS
Setting up companies, registering business name, applying for ACN/ABN
Bookkeeping for many internal clients.
Projects:
Complete business redevelopment model for a local medical practice including costing of staff and return analysis and service model.
Preparation of standard financials and tax returns for individuals, partnership, company, trust and SMSF using BGL.
Handling issues like Div 7A and UPE.
Prepared monthly management accounts and general ledger reconciliation
Prepared balance sheet reconciliations, P&L and completed the month end consolidation process including BAS & IAS
Tax compliance, asset protection and business structure advice along with the partner
Prepared cash flow reports and forecast
Prepared quarterly and annually consolidated financial statements for group clients
Supervised payroll administration for 200+ employees, including PAYG variation, salary sacrifice and superannuation for the clients
Coordinated the annual year budgeting process and the forecasts for five years, consolidated and by entity
Prepared and analysed monthly reporting packs and compared them with budget and forecast and managed distribution of fund reporting between entities
Coordinated the implementation of accounting procedures in the team as well as in client's site
Managing workflow and responsibilities on a daily basis
Projects:
Cost Accounting for transport industry: Truck Costing - (per trip, per truck) using ATI index.
Project Accounting for Labour Hire Industry: (Mining Sector, Highway Roads and Government Sub Contractors) - per project, per labourer margins.
Return on Investment (ROI) Cost analysis for primary producer (local apple grower from Adelaide hills)
Completion of Costing and Management accounting template for internal reporting for a large nationwide electrical and plumbing franchisee.
Cost Accounting for Parking Machines in Adelaide city limits (per machine cost analysis)
Project costing for primary producer (Potato grower) for local supermarkets.
Design of holistic and fully integrated business plans done on behalf of clients for government bodies like Austrade to get the government subsidies and grants.
Assisting in General ledgers reconciliations, Bank reconciliations Credit Card reconciliation, Payroll for various small entities and generate financial reports as per requirements.
General ledger and balance sheet reconciliation.
Assisting in IAS, BAS and FBT preparation.
Month end journal entries and printing of reports
Updating/ recording Fixed Asset Register with new addition and disposal.
Full function Accounts receivable/ payable, liaising with debtors/creditors.
Prepare all details for individual tax returns and small company tax returns
Ad-hoc tasks as assigned by the Senior Accounting Staff (Applying for ABN, GST, PAYG with ATO and ACN with ASIC etc.)
• Ensured accurate recording and reporting of financial transactions
• Managed petty cash, AP and AR, debtors and creditors
• Prepared bank and credit card reconciliations
• Maintained general ledger and balance sheet reconciliations
• Sent BAS & IAS & PAYG reports to external accountant
• Maintenance of fixed assets register and capital expenditure
• Verified weekly timesheets and prepared and administered payroll for 15+ employees
• Liaised and advised various stakeholders including, Managers, Accountants, Solicitors
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ACHIEVED SPECIAL CREDIT FOR FINAL PROJECT ON FMCG- MTR READY TO EAT SALES SYNOPSIS IN COIMBATORE
