OMKAR GUPTA Omkar

General Accounting and GL review/ scrutiny of the expenses GL and passing the adjustment/ rectifications entries.
Verification of the vendor’s invoices & ensure the proper compliances to book in system and process the payment timely.
Ensure accurate booking of expenses withholding tax amount, settlement of down payments and appropriate withholding tax deduction for all payments as per the law/ regulation on force. Reconciliation of vendor accounts and ensures zero tolerance to excess/ short payments.
Monthly books closing activity on month end month basis.
Vendors aging report, advances open items report with aging, employees advances and reimbursement settlement report
Monthly Provisioning & reversal for the accrued expenses for the all 42+ stores in NZ.
Prepare the Expenses tracker GL head-wise and site to site
Reconciliation of Banks, Debtors and Creditors.
Cost analysis and Compare with actual cost vs. Budget for the all stores
Month closing activity related to book closure every month.
Day to day accounting entries and activity.
Various types of MIS report on weekly & monthly basis.

Job Description
Financial Accounting- Assist in review and preparation of Monthly Accounts, Inter Company Debit/Credit Note Accounting, Review of Accounts & GL analysis, Preparation of monthly, Quarterly Schedules etc.
Tax related Analysis, Ensure TDS & Service Tax compliances, Resolve tax related issues if any;
Audit Control- Coordinate with audit team for implementation of audit recommendations; Resolve issues if any during implementation
Capex- Managing Capex Finance operations including Negotiation with suppliers, Ordering, Payments, Statutory Compliances, Retention & Advances, Transfer Pricing Regulation etc. Managing Budget tracking. Evaluating financial viability of all Capex proposals. Preparation annual budget and provisioning month on month basis.
Revenue: Ensure timely payment of all category related payments-contractors, admin, imprest cash, spares. Ensure compliance of company policies with regard to ordering and competitive quotations.
Financial & Cost Analysis- Prepare monthly financial reports (e.g. material reports, scrap sales reports, vendors aging report, sales report SKU wise and COGS); Prepare MIS on a month on month basis
Assistance in Business Planning-Calculate COGS for the coming year based on inputs from procurement & manufacturing team and past performance data; analyzing impact of material & freight inflation, analyzing fixed cost.
Policies and Systems- Review and ensure adherence to company policies and systems
Implementation of new & improved processes: Assist in implementation of new processes in order to comply the new/upcoming statutory requirements, to improve the present systems & processes e.g., improvement in variance accounting process etc.
Support new Store Opening-
Setting up EDC machines systems & processes, compliances issues, assist to project team.
Leading and monitoring to team members, head cashiers and the stores staff.
Leading and Monitoring to Team-
Leading & Monitoring to stores admins to resolving queries for expenses and bills booking related issues.
Leading and monitoring to stores Head-cashiers and resolve issues of the stores.

Knowledge
- Cost Accounting & Financial Analysis
- Financial Accounting
- Service Tax, TDS, VAT and direct taxation
- Internal Control & Check, Internal Audit, Statutory Audit
- MS Office, SAP and ERP systems

Accounts payable
Book Keeping
TDS & Service Tax
Finalization of Accounting Books
Raising Invoices & posting into system.
Release Credit/Debit notes to the Clients/vendors.
Reconciliation of Banks, Debtors and Creditors.
Maintenance Books of accounts, collection/payments
Day to day Accounting entries.
Accounts Payable/Receivable and Employees reimbursement.
Various types of MIS report on daily & monthly basis.