ASOKAN KUMARASAMY, Manager Accounts

ASOKAN KUMARASAMY

Manager Accounts

RaamBaag Equipment & Services (P) Ltd.,

Location
India
Education
Master's degree, COMMERCE & ACCOUNTANCY
Experience
29 years, 1 Months

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Work Experience

Total years of experience :29 years, 1 Months

Manager Accounts at RaamBaag Equipment & Services (P) Ltd.,
  • India - Chennai
  • My current job since June 2013

 Designing and implementing accounting systems & procedures, supervising the timely preparation of statutory books of accounts for finalization & consolidation of group accounts
 Overseeing follow up of bills receivables after invoicing to debtors; conducting ageing analysis with an aim to keep receivables under control & collections of payments
 Ensuring that all payments are made to suppliers within the stipulated time frame based on availability of funds & managing accounts payable within the pre-set parameters; conducting ageing analysis of the payables to understand the paying pattern
 Supervising the preparation of MIS reports to provide feedback to top management on financial performance, viz. fund management & ageing analysis
 Ensuring that all income/expenses at the end of month are accounted properly viz. Administration Bill, Revenue & other expenses & provision
 Preparation of pay roll statement for workers and staffs
 Collecting and reviewing financial data from various sources, establishing documented systems, policies and procedures in finance & accounts and implementing accounting controls
 Overseeing Compliances under various statutes both from a Direct Taxes & indirect Taxes perspective. Timely E- Payment and Filing of periodic returns required under various Tax
 Computation of taxable income and corporate tax, Calculation of advance tax, Calculation of periodically service tax and GST liability, Ensuring that withholding taxes are deducted at the correct rates and deposited with the Government (Treasury) on time
 Work towards Tax Assessment cases and appeals with the Tax departments. Attaining hearing and preparing various details & report required by concern tax authority

Manager Accounts & Finance at Anand Engineering Products Pvt.Ltd.
  • India
  • April 2008 to October 2012

 Overseeing various financial functions such as budgeting, auditing, forecasting, analysis and monthly submission of MIS to the senior management
 Designing and implementing accounting systems & procedures, supervising the timely preparation of statutory books of accounts for finalization & consolidation of group accounts
 Preparation of cash flow and fund flow statement; monitoring cash flow of the company to review the cash position and forecast funds required for numerous expenses
 Overseeing follow up of bills receivables after invoicing to debtors; conducting ageing analysis with an aim to keep receivables under control & collections of payments
 Ensuring that all payments are made to suppliers within the stipulated time frame based on availability of funds & managing accounts payable within the pre-set parameters; conducting ageing analysis of the payables to understand the paying pattern
 Formulating budgets & conducting variance analysis to determine difference between projected & actual results & implementing corrective actions
 Supervising the preparation of MIS reports to provide feedback to top management on financial performance, viz. fund management & ageing analysis
 Ensuring that all income/expenses at the end of month are accounted properly viz. Administration Bill, Revenue & other expenses & provision
 Preparation of pay roll statement for workers and staffs
 Collecting and reviewing financial data from various sources, establishing documented systems, policies and procedures in finance & accounts and implementing accounting controls
 Overseeing Compliances under various statutes both from a Direct Taxes & indirect Taxes perspective. Timely E- Payment and Filing of periodic returns required under various Tax
 Computation of taxable income and corporate tax, Calculation of advance tax, Calculation of periodically service tax and vat liability, Ensuring that withholding taxes are deducted at the correct rates and deposited with the Government (Treasury) on time
 Work towards Tax Assessment cases and appeals with the Tax departments. Attaining hearing and preparing various details & report required by concern tax authority

Manager Accounts at G.B. Engineering Enterprises Pvt.Ltd.
  • India
  • August 2006 to April 2008

Job Profile
 In Co-ordination with Senior Manager responsible for preparing financial budget.
 Issue and negotiation of Letter of Credit and issuance of bank guarantees.
 Preparation for export documents / complying for export letter of credit timely submission with bank for realization / follow up, liaise with bank for timely realization / credit of export remittance.
 Preparation of VAT Report E-Filling monthly
 Preparation of TDS E-Filling quarterly
 Monitoring all tax formalities.
 Preparation of weekly / monthly MIS statements.
 Preparation of Receivable and payable statement and monitoring.
 Guiding towards reconciliation of bank accounts, supplier & customer accounts.
 Co-ordination with statutory auditors for finalization of annual accounts

Manager Finance at Anand Engineering Products Pvt.Ltd.,
  • India
  • April 2001 to July 2006

Job Profile:

 Establishing, maintaining and coordinating the implementation of accounting control procedures.
 Compiling and analyzing financial information for preparing entries to accounts such as general ledger accounts and documenting transactions
 Preparing MIS statements weekly / monthly.
 Working capital management -Debtors & Creditors analysis and their collections & payments.
 Co-ordination with bankers, discounting of LC and issuance of bank guarantee & Letter of credit.
 Responsible for preparation of C.M.A. data for renewal / extension of working capital and term loan facility. Presenting FFR I & FFR II for the company.
 Preparing Monthly Performance Report, BalanceSheet, Profit & loss account, Cash Flow Statement.
 Guiding towards reconciliation of bank accounts, supplier & customer accounts.
 Ensuring tax management and compliance of statutory returns / payment within due date as per Income tax Act, Central Excise and Sales Tax Authorities.
 Attending before income tax authorities, making submissions for finalization of scrutiny assessment, submitting income tax return, complying tax audit.
 Attending before sales tax and central excise authorities making submission of returns attending/ complying Excise Audit.
 Handling ESIC, EPF audit.
 Co-ordination with Statutory auditors for finalization of annual accounts.
 Monitoring the combined performance of the team and ensuring that everyone reaches their targets.

Accounts Executive at Anand Engineering Industries
  • India
  • August 1994 to March 2001

Job Profile
 Maintaining accounts books in Tally.
 Maintenance of Cash and Cash book.
 Preparation of Receivable and payable statement and monitoring.
 Preparation of weekly / monthly MIS statements.
 Arrangement of finance enhancement from bankers and timely renewal of said enhancements.
 Issue and negotiation of Letter of Credit for inland and foreign suppliers / issuance of bank guarantees.
 Remitting foreign currency for import advance & other expenses like travelling and consultancy.
 Doing bank reconciliation statements and all works related to bank transactions.

 Preparing Monthly Performance Report, Balance Sheet, Profit & loss account, Cash Flow Statement.
 Capital budgeting decision including preparation of project report for expansion of unit and submission and compliance with bankers for disbursement of TL and its relevant utilization.
 Ensuring tax management and compliance of statutory returns / payment within due date as per Income tax Act, Service Tax, Central Excise and Sales Tax Authorities.
 Attending before income tax authorities, making submissions for finalization of scrutiny assessment, submitting income tax return, complying tax audit.
 Attending before sales tax and central excise authorities making submission of returns attending/ complying Excise Audit.
 Handling ESIC, EPF audit.
 Maintenance of yearly income tax accounts and interaction with income tax authorities.
 Maintenance of yearly sales tax ledger and final assessment with relevant authorities.
 Co-ordination with Auditor to attending income tax appeals.
 Co-ordination with statutory auditors for finalization of annual accounts.

Education

Master's degree, COMMERCE & ACCOUNTANCY
  • at URUMU DHANALAKSHMI COLLEGE, BHARATHIDASAN UNIVERSITY
  • November 1992

❖ M.Com, 1992

Specialties & Skills

Accounts Payable
CONFIDENT
CUSTOMER ACCOUNTS
FINANCE
RECONCILIATION

Languages

English
Intermediate
Tamil
Expert