Accounts Manager
Advisetree Consulting Private Ltd
Total years of experience :16 years, 0 Months
• Generated Balance sheets reconciliation (BSR) for Sub ledger to ledger and booking entries
• Completed entire month end close process prepared and analyzed monthly journal entries as well as the Cash Flow, Balance Sheet and Income Statement
• Reconciled account balances including bank reconciliations and TDS reconciliations.
• Streamlined accounting processes to reduce work paper and document requirements
• Introduced a financial team of 3 employees for payroll while increasing efficiency in department by 15%
• Improved a scheduling and filing system reduced delayed time by 20%
• Reconciled a complex TDS within 20 days, which had been stuck for 3 years
• Initiated with the monthly/quarterly financial statements, general ledger, balance sheet reconciliations, journal entries, fixed assets, A/R and A/P
• Performed month-end/year-end close, budget variances. assigned management to resolve variances
• Simplified currency conversions to/from US dollars when necessary
• Analyzed financial reports and forecasts. Prepared balance sheet reconciliations and schedules
• Closing yearly audit well before deadline
• Minimized a Rs.500000 budget with regular cost savings of averaging 10% every year
• Reduced debts by 15% with communication with debtors and regular follow-ups
• Increased payroll efficiency by 30% by suggesting and implementing self-service systems that saw employees handling accounts online
• Examined and filing of Income Tax Returns for Company, Firm, and Individuals
• Audits under Companies Act, Income Tax Act and KVAT audit, Service tax, Excise Audit and Reporting.
• Finalization of Accounts for Companies, Firms & Sole Proprietors
• Preparation and filing of VAT, TDS returns
• Generated new schedule and work procedure in Municipal and APMC audit that reduced 30% time delay in audit
• Eliminated few audit procedure in physical stock damage verification saved 30% time in audit
• Added the accounting system and discovered and corrected 65 discrepancies in charts of accounts, before the actual annual audit
• Managed accounting operations, including AP, AR, GL
• Verified financial statements and analyzing reports for company’s operations
• Filing & remittance of statutory compliance
• Decreased balance of AR, which led to 45%, increase in cash flow and customer relations.
• Reviewed work of junior accountant and approved journal transactions for data entry
• Worked with external auditors during reviews and audits to ensure full cooperation from accounting staff and compliance with all qualified requests
• Reduced paperwork 40% by converting all accounting procedures to an E-form
• Decreased 25% of all Overdue debits within 8 months, following dedicated follow-up procedures
• Delivered within budget for petty cash disbursement for 3 years