Nityananda Shetty

• Directed accounting department, managing
team of accountants, guaranteeing accurate
and timely financial reporting, and streamlining
workflow to meet deadlines.
• Directed routine banking activities such as
processing deposits, executing payments,
managing overseas transfers, facilitating letters of
credit, ensuring bank guarantees, conducting
reconciliations, and handling loan documentation
by engaging directly with bank officials.
• Processed and tracked cash payments across
multiple currencies, guaranteeing accuracy,
appropriate documentation, and adherence to
internal controls.
• Directed and approved monthly payroll
operations, validating precision of salary
computations, deductions, and conformity with
organizational policies.
• Compiled and examined monthly expense
reports, identifying trends and proposing cost-
reduction strategies, enhancing budget
efficiency and transparency for Owners.
• Executed monthly cash flow and fund flow
analysis to evaluate financial health, enhance
decision-making, and strategize for short-term and
long-term funding needs.
• Oversaw logistics expenses for import and export
shipments, coordinating with freight forwarders to
Documentation and reporting
ensure cost-effective transportation and
negotiating rates while managing invoicing with
logistics service providers.
• Compiling and evaluating monthly factory reports
and FOB reports.
• Completing quarterly and annual financial
statements.
• Directed financial oversight of GAFI activities such
as rent and customs clearing fees.
• Strengthened warehouse accuracy and
accountability by enforcing strict GRN standards
and conducting scheduled stock evaluations.
• Formulated and evaluated budgets, forecasts,
and variance reports.
• Oversee general ledger, journal entries, and
account reconciliation.
• Managing and analyzing aging reports,
facilitating resolutions for outstanding receivable
or vendor disputes.
• Oversaw vendor and customer reconciliations
while ensuring accuracy
• Executed tax calculations, filing, and
collaboration with auditors.

• Compile monthly, quarterly, and annual financial
statements
• Facilitate month-end and year-end closing
processes, ensuring precision and punctuality.
• Oversee reconciliations of balance sheet
accounts and rectify discrepancies.
• Manage junior accountants and facilitate training
sessions on accounting procedures.
• Analyzed financial performance and provided
actionable recommendations to top
management. Implemented improvements to
streamline financial processes and enhance
efficiency.
• Collaborate with internal and external auditors
while supporting annual audit procedures.
• Guaranteed accuracy and timeliness in tax filings
(Withholding tax, Income tax, and General tax)
and assisted with tax audits.
• Cash handling alongside multi-currency
transactions including EGP, USD, and Euro cash.
• Analyzing and preparing monthly cash flow and
fund flow statements
• Oversaw payroll and accounts
receivable/payable management.
• Engage logistics team and forwarder to analyze
market costs aimed at minimizing excessive
expenses.
• Conduct review and finalize salary structures for
expats and locals.
• Conducted thorough bank reconciliations for
precise financial accuracy. Facilitated inter-unit
reconciliations to maintain consistency in
departmental accounts.

• Conducted concurrent Audit of a Co-operative
Bank covering Head Office and its sixteen
branches on a monthly basis and Statutory Audit
of Nationalized Banks.
• Managed sales tax compliance from registration
to annual return filing, encompassing issuance of
C-forms, obtaining delivery notes, VAT 240
processing, and monthly VAT returns for various
clients
• Accounting and Management Services for Small
and Medium Enterprises including HSD Dealers,
Retailers, Contractors, ESI and PF Return
Preparation, Stock Statement filing, Service Tax
Return Preparation, Entry Tax Return Preparation,
etc.
• Preparation, finalization, and filing of income tax
return from acquiring PAN number, e-filing, etc.
• Oversaw preparation of Account Payable and
Receivable Accounts
• Preparation and processing of Advance Tax, TDS,
Self-Assessment Tax, etc.
• Completion and organization of financial records
(including bank reconciliation statement,
reconciliation with VAT and service tax filings,
adherence to statutory requirements like TDS, PF,
profession tax etc.)
• Conducted correspondence with bankers
concerning credit card renewals and drawing
power regulations. Handled bank guarantees,
letters of credit, and payment transfers through
RTGS and NEFT systems. Maintained effective
communication with financial partners to support
operational needs. Ensured adherence to
banking protocols in all correspondence
regarding financial transactions.
• Correspondence with retainers regarding income
tax, tax withheld at source, provident fund,
service tax, works contract tax, etc.
• Oversaw Accounts Receivable and Payable.
• Oversee purchase management from requisition
slip preparation to purchase order follow-up and
final payment after evaluating trade discounts
and rebates.