Career Objective

Education

Skills

Professional Summary

PARKHI SOMANI

San Ramon, CA 94583 847-***-**** ad0o9j@r.postjobfree.com WWW: https://www.linkedin.com/in/parkhi-somani-7

To gain employment with a company or institution that offers a consistently positive atmosphere to learn new technologies and implement them for the betterment of the business. Jul 2012

Delhi, India

Master of Accountancy: Accounting And Finance

Institute of Chartered Accountants of India

Jun 2012

Delhi, India

Company Secretary (Inter)

Institute of Company Secretaries

Jul 2009

Delhi, India

Bachelor's of Commerce: Accounting And Finance

Delhi University

Financial Reporting

Account and Ledger Reconciliations

Maintaining Accounting Ledger

Accounts Payable and Accounts

Receivable

Quarterly Reviews

Intercompany Reconciliations

Auditor Assistance

Audit Process Management

Tax Computing

Apr 2018 - Oct 2020

Mumbai, India

Senior Executive - Accounts

Premium Harvest Limited And Group Companies

Maintained and compiled Accounts of all branches on month-on-month basis. Drafted Projections and financial statements, in accordance with the relevant statutes, standards and generally accepted accounting principles & practices and finalized them with auditors.

Prepared Monthly Income Statement and analyzed same with Projections. Assisted in Annual filing of companies with ROC (Balance sheet, Annual return, DIN Application, Addition & Deletion of Directors, Directors KYC, Registered office compliance and other compliances as issued by Department from time to time). Prepared and compiled all compliance related to Market borrowings availed from Financial Institutions.

Prepared Monthly Stock Statement. Analysis of Stock and Stores as Slow Moving, Non-Moving and Obsolete items.

Analyzed Debtors & Creditors-Ageing and performed business guidelines to collect funds and to book bad debts.

Procured balance confirmations from debtors & creditors as part of year end closing. Assisted external consultancy in Annual Renewal for obtaining Lower TDS Certificate. Assisted GST Consultant in Drafting and filling of GST Returns. Adhered to Statutory Compliances related to Income Tax (TDS, Advance tax), ROC, Labor Welfare Fund, EPF and ESIC.

Jun 2014 - Oct 2016

Mumbai, India

Accounts Receivable Assistant

Global Cloud Xchange

Prepared various MIS reports regarding Revenue which include Actual Revenue MIS Entity wise

& Customer wise, Accrual Details, Deferred revenue reconciliation and sent to executive management.

Computed monthly revenue after closing of monthly Billing Cycle. Prepared Revenue Dump of every entity separately.

Analyzed past revenue variance and report details on material variances to executive management to aid in future decision making.

Liaised with various teams internally and externally namely Consolidation/ Local entity accountants regarding revenue related queries.

Liaised with Statutory, Internal and Entity level auditors. Tracked and analyzed daily collection received from various customers & updated the same in Collection Report & timely submitted the Report to Management. Prepared Region-wise Collection Shortfall Report against Targets on weekly basis and sent it to management for review.

Posted Collection receipts in SAP against OPEN invoices to knock-off from outstanding dues. Prepared Invoice Dispatch Report to ensure all invoices have been delivered to customers properly either in soft copy or hard copy.

Debtor's Report: Prepared weekly/monthly Ageing-wise Debtor's report of all Regions to track Current status of outstanding debtors and thereby help management to decide further plan of action.

Prepared quarterly Region-wise Sales Achievement Report highlighting High-Value Orders, Top Performing Region, Top Performing Sales Rep, etc.

Coordinated with internal taxation team for Transfer Pricing for Inter-Company Billing. Sep 2012 - Mar 2013

Delhi, India

Tax and Audit Assistant

S.N.Verma & Co

Worked with team in Finalizing of Financial Statements in compliance with applicable statutes and Accounting Standards issued by ICAI.

Liaised with Statutory Auditors in resolving their queries. Documented and compiled working papers as per audit requirement. Assisted in documentation of scrutiny matters dealing with revenue authorities. Reviewed general ledger transactions to identify errors or irregular entries. Completed audits in accordance with regulations and procedures. Performed auditing work in accordance with rigorous auditing standards and principles. Languages

Additional Information

Reviewed accounting clients' financial data systems to determine functional compliance. Jul 2011 - Feb 2012

Delhi, India

Audit Assistant

Lunawat & Co

Worked with team in finalizing books of accounts, balancing of clients' accounts, Record keeping, Preparation and assessment of annual financial reports for client firms. Reviewed General ledger transactions (vouching of Direct and Indirect expenses), Revenue Booking System to identify errors or irregular entries. Reviewed various reconciliation statement e.g., Bank Reconciliation Statement, Stock Prepared audit programs in consultation with client. Assisted in gathering and analyzing year end Physical stock taking and valuation in accordance with Accounting Standard.

Drafted & Finalized Annual reports including Auditor's Report, Director's Report, Financial statements.

Coordinated with internal auditors and analyzed audit findings. Assisted in preparing and Finalizing the Income Tax Return, Tax Audit Return (Form 3CD, 3CA, 3CB) and TDS Return - of various individuals, firms & corporate entities and assessed their tax liabilities.

Completed audits in accordance with regulations and procedures. Dec 2007 - Feb 2011

Delhi, India

Articleship Traning

Lunawat & Co

Sorted and organized files, spreadsheets, and reports. Prepared project presentations and reports to assist senior staff. Maintained accurate records and documentation of projects to inform stakeholders of progress and updates.

Cooperated with senior leaders to create operating budgets and initiate financial planning. Developed financial models to assess and analyze financial performance of clients. English

Full Professional

Hindi

Native or Bilingual

Pursuing Certification Course - Enrolled Agent.

Volunteering as a Treasurer of PTA - Live Oak Elementary School.

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