NIKHIL KUMAR

Accounting Operations

Accounts Reconciliation: Managed reconciliation of accounts payable and receivable, ensuring timely and accurate financial transactions.
Tax Computation and Reporting: Computed taxes, prepared tax returns, and reported on the company's financial health and liquidity.
Daily Operations: Administered daily operations of the accounting department, ensuring compliance with financial policies.
Database Backups: Conducted regular database backups to protect financial data and ensure business continuity.

Financial Management and Reporting

Reconciliation of Ledgers: Reconciled sub-ledger and general ledger balances to ensure the accuracy and integrity of financial data.
Financial Statement Creation: Developed financial statements and assessed internal controls, including conducting risk assessments and reviewing risk areas.
Budget Variance Analysis: Conducted monthly balance sheet, income statement, and changes in financial position analyses to identify and explain budget variances.
Budget Preparation: Prepared budgets for review by management, contributing to financial planning and resource allocation.
MIS Reporting: Prepared detailed Financial MIS reports, ensuring accurate monthly reconciliation of payments, accounts receivable, accounts payable, and general ledger.

Transaction Processing and Compliance

Sales & Purchase Recording: Recorded sales, purchase transactions, debit notes, credit notes, and export invoices.
Payment Processing: Processed payments and documents such as invoices, journal vouchers, employee reimbursements, and statements, ensuring timely and accurate transactions.
Variance Investigation and Correction: Investigated daily variances, corrected errors, and resolved discrepancies to maintain accurate financial records.

Accounts Receivable: Designed, implemented, and maintained systems and procedures for Accounts Receivable functions.
Prepared statements, bills, and invoices; addressed customer inquiries and reconciled expenses to the general ledger.
Financial Reporting and Compliance: Prepared monthly reconciliations, and status reports, and facilitated monthly closings to ensure the accuracy of financial statements.
Verified purchase order requisitions and managed corresponding documents for incoming invoices.
Payroll and Budgeting: Processed payroll and salary through WPS, adhering to UAE laws & calculated end-of-service benefits and leave salaries, ensuring compliance and accuracy.
Financial Operations: Led monthly revenue recognition & booking processes, alongside managing petty cash entries.
Conducted monthly reconciliation of bank accounts to maintain financial integrity.