manager finance and accounts
FlipLearn Education Pvt Ltd- E Commerce company
Total years of experience :14 years, 6 Months
Responsible for ensuring daily updation of books of accounts in terms of revenue, expenses, Banks and overall Accounts Management ( General Ledgers, Accounts Receivable, Accounts Payable, Bank updation, Group companies reconciliation, verification of JV & Payment vouchers, Weekly Ledger Scrutiny)
MIS
• Monthly Balance Sheet and Profit & Loss Statement.
• Monthly Cash Flow-Budget Vs Actualmapping.
• Vendor Payment Tracker
• Daily Fund Report (DFR)
• Monthly Fund Requirement.
• Group Companies Reconciliation
• PDC Cheques Tracker
• Reconciliation between payment collection as per E-commerce portal and Bank Statement.
• MIS of total Fee collection & Books sales as per E-commerce portal
Responsible for Vendor invoices verification based on PO/Agreements/GRN i.e. entire process verification of supply chain before making payments.
Responsible to have a control on daily operational activities of Finance i.e. Vendor payments and sending payment advice to vendors, chasing the collection from customers by taking strong follow up sales team and ensuring timely depositing the cheques into Bank, settling the liability with vendors by executing the FNF withthem, foreign payments and petty cash disbursement.
Responsible for sales billing to B2B customers as per Agreements with Schools and regular follow up of timely collection thereof in coordination with sales team.
Responsible of downloading the sales data from E-Commerce Portal for B2C customers and proper booking thereof in Accounting software after assuring the payment collections.
Taxation-Responsible for GST compliances, Verification of monthly calculation of TDS and filing TDS return, Verification GST Calculation and filing GST return.
Handled Income Tax Assessment case for A/Y 2016-17.
Preparation of monthly and Quarterly Financial Statements (Balance Sheet, Statement of Profit & Loss and Cash Flow Statement) based on Indian Accounting Standards. Analysis the monthly financials with previous month comparative figures of expenses and revenue and highlighting the unusual variances assuring the completeness in books of accounts.
Coordinating with External Auditors for finalization of Audits and Financial Statements.
Assisting to Legal Team in Finalization of Vendors Agreements in terms of Financial terms clause.
Responsible for monthly closing of books of accounts.
Responsible for overall Accounts Management (General Ledgers, Accounts Receivable, Accounts Payable and Bank updation, Ledger Scrutiny, Verification of JV and Payment vouchers)
MIS (Monthly Financials, Cash Flow-Budget Vs Actual, Reconciliation between payment collection Data as per E-Commerce Portal and Banks, MIS on total Products sales as per Portal, Accounts payable outstanding, Daily Fund Report).
Responsible for sales billing to B2B customers and regular follow up of timely collection thereof in coordination with sales team.
Responsible of downloading the sales data from Portal for B2C customer and proper booking thereof in Accounting software after assuring the payment collection.
Responsible for Vendor invoices verification based on PO/Agreements before making payments to vendors and directly reporting to Director.
Responsible to have a control on daily operational activities of Finance i.e. Vendor payments, collection from customers, FNF with vendors, foreign payments and petty cash disbursement.
Taxation-Responsible for GST implementation and compliances, Verification of monthly calculation of TDS and filing TDS return, Verification GST Calculation and filing GST return.
Role in GST Implementation and compliances-
• Applied for company GST registration on GST portal,
• Guided to IT Team for updating of GST rates and HSN codes for around 40 products categories on online ecommerce portal,
• Updated vendor/customers master data complying with GST provisions, Created Ledger accounts in the books for GST point of view,
• Prepared invoice formats for GST point of view,
• Received GSTIN from all vendors and assured their GST registration,
• Working on GST TRAN-1 to carry forward unavailed Cenvat credits of service tax,
• Identification of GST rates and HSN for newly Launched products on site,
• Familiar with monthly filing of GST returns (GSTR-3B, GSTR-1, GSTR-2A) on GST Portal.
• Responsible for monthly payment of GST Liability.
Handled Income Tax Assessment case for A/Y 2015-16.
Preparation of monthly and Quarterly Financial Statements (Balance Sheet, Statement of Profit & Loss and Cash Flow Statement) based on IFRS reporting package for Inward Funding requirements from Germany investors. Analysis the monthly financials with previous month comparative figures of expenses and revenue and highlighting the unusual variances assuring the completeness in books of accounts.
Coordinating with External Auditors for finalization of Audits and Financial Statements.
Responsible for monthly closing of books of accounts.
Performed Audit as per Audit program set by E&Y using Audit software CASEware and assuring the Sound Documentationfor working papers and filing.
Performed Test of Transactions (TOT) for Purchase, Sales, JV, Cash Receipt, Cash Payment and Payroll by using the RANDOM sampling technique in CASEwaresoftware..
Performed Cut off Transactions Test (First & Last 5 transactions) for Cash Receipt, Cash Payments, Purchase and Sales for assuring Internal control system in the organization.
Completed Sound Documentation and Filing in accordance with the Lead sheets and annexure as per CASEware software.
Gained the knowledge that how to determine PM, TE and SAD under the guidance of Seniors.
Prepared Financials (Balance Sheet, Statement of Profit & Loss, Cash Flow Statement) under the guidance of Seniors.
Completed Audit Assignment within target period of time.
Major clients handled Rizayat Group- RTCL (Trading company), TASNEE (oil & Gas industry), Hungry Bunny (FMCG).
Performed accounting for UK client SAI Global (Publisher)
Responsible for recording AP invoices and timely recording of Revenue (monthly subscription charges/Hard copy sales) in ERP-navision software.
Updating Bank Statements in the books and making Bank Reconciliation on weekly basis.
Responsible for Ledger scrutiny on forth nightly basis.
Responsible for Various accounting activities such as Monthly closing & month end activities & reconciliation.
Preparation of MIS Report for Accounts Payable and Accounts Receivable.
Working Experience of ERP-Navision, ERP-Epicor Software.
(A) Statutory Audits: (For Real Estate, Textile, Cement and Manufacturing Industries)
1. Checking the accounts of the companies and related evidential documents, verifying Compliances with statutory requirements.
2. Finalization of accounts of companies in accordance with the provisions of Companies Act, & relevant Accounting Standards.
3. Preparation of Tax Audit report in conformity with provisions of Income tax Act, 1961.
4. Preparation of financial statements i.e Balance Sheet, Profit & Loss account and Cash Flow Statement.
5. Preparation and filing of TDS and Service Tax return.
(B) Internal Audits (For Real Estate, Textile, Cement and Manufacturing Industries)
1. Understanding the client’s business and developing audit programs.
2. Reviewed the processes in various departments from the inception till conclusion by comparing the SOP with actual implementation of the system.
3. Identified shortcomings in current operational activities in comparison to standard operating procedures & providing with alternate solutions.
4. Audit of Purchase system including Accounts payable and Creditors management.
5. Audit of Sales & Billings including Accounts Receivable and Debtors management.
6. Audit of Stores and Inventory management.
7. Audit of Production planning and processes.
8. Logistics and Audit of movement of goods to and from the premises.
9. Performing basic Audit work like Vouching, Ledger scrutiny, bank reconciliations, debtors & creditors ageing, verifying running account contracts and relevant statutory compliances.
10. Reviewing and compiling the work of audit team and delivering the audit reports.
Competent & result oriented Professional with cross-functional experience of over 4 years in Finance and Accounts. I am seeking a good opportunity in Finance in gulf countries.