VARUN KAPOOR, CA
SUMMARY OF SKILLS
Month- & Year-End
Managed 3-4 Direct
Advanced MS Excel
Quickbooks online &
Desktop Certified Pro
ERP’s, SPINE HRMS,
Internal Controls and
Saar Professional Consultancy
Senior Accountant & Tax Consultant From April 2020
Handling Accounting Assignments. (Wherein prime responsibility toward client is to Handle over all Full Cycle Accounting (Including Maintenance of General Ledger, Preparing and Analyzing MIS Reports, Preparing Monthly Budgets and Financial Statements, Generating reports on Payroll).
Generating month end reports, cheque runs, Month end closings, Bank Reconciliation, A/R Reconciliation, A/P Reconciliations.
Effective communication with clients, with government agencies and with our partners and staff
Analyze and communicate month over month change in financial performance and provide recommendations on improvements.
Setting up complete QuickBooks files along with Hubdocs.
Preparation of Income Tax returns T1, T2.
Processing monthly financial transactions.
Preparing bank, loans and credit card reconciliations.
Liaising with our clients to retrieve payroll details, in order to prepare scheduled payroll processing and provide details on source deductions remittances and requirements.
Preparation of GST/HST analysis including taxable, zero-rated and exempt supplies in order to accurately reconcile and determine GST/HST return amounts.
Preparation of analysis and calculations for routine remittances such as Workplace Safety and Insurance Board (WSIB) and Employer Health Tax (EHT).
Providing support to clients on general questions regarding bookkeeping issues.
Preparation of monthly accrual financial statements, including profit and loss, balance sheet as required based on client needs and financial analysis.
Performing external audits as required.
Preparing working papers for 3rd party review.
Communicating and preparing reply materials for CRA auditors for their queries. K.V. and Associates, A Chartered Accountant firm
Senior Accountant & Auditor
Aug. 2013 – Jan 2020
My key responsibilities were as under: -
Handled Accounting Assignments. (Wherein prime responsibility toward client was to Handle over all Full Cycle Accounting.
Bookkeeping Outsourcing services to Canadian Clients on QuickBooks online & Desktop.
Prepared and processed month-end closing including Financial Statements, journal entries, reconciliation, filing tax returns, year-end rebate, commissions, reporting and analysis.
Analyzed the Financial Statements and provided comments on the same. & Provided Key insights to Clients regarding their financial ratios like current ratio, liquidity ratio, EBITDA, AR/AP Turnover ratios, Solvency ratios, other Operating ratios, etc.
Conducted Internal Audits, Stock Audits, Process Audits, Revenue Audits, Concurrent Audits and External Audits, ensured Internal Controls are in place & effective.
Formulated policies and procedures for fixed assets, resulting in improved efficiency in tracking fixed asset movement and disposals for various clients.
Formulated policies and procedures and generated month-end reports for Banking- cheque runs, reconciliations; A/R, A/P Management and overall accounting to adhere company guidelines, local Statue and GAAP.
Reviewed documents that support payments to ensure that AR/AP transactions are properly authorized, recorded and processed. Set up the limit for vendors and customers.
Managed the employee expense report process, ensuring compliance with company policies and limits & HRMS implementation & customizations i.e. complete payroll management.
Analyzed various MIS reports from Stores Department, HR Department, Sales and Purchase Department and Accounts Department and Maintained co-ordination within the organization for various clients.
In year 2016, Supervised the complete implementation of ERP software named LOGIC ERP for a client named Pal Departmental Stores, a chain of supermarket stores, having a turnover of around 1 Billion rupees i.e. 18.52 Million CAD. Reconciliation of data after migration. Prepared new dashboard reports to drive business insights and enable decision-making by senior management, designed SOPs for the employees, establishing internal controls including tracking of cost center wise costs, capital costs and project costs, which resulted in cost reduction by 15%. New ERP help reduced the average time taken for a POS machine to generate a retail invoice reduced to 10 seconds from 50 seconds and improved inventory management helped increase the average ticket size by 1.5 times.
In year 2018, Suoervised the implementation of Human Resources Management Software named SPINE HRMS for the same company mentioned above, comprising of 600 employess including payroll database migration.
Spearheaded process improvement efforts to reduce redundant steps and improve productivity by 100 hours per employee on an annual basis.
Khanna Anil & Associates, A Chartered Accountant firm Aug 2009 – Jul 2013
Accountant & Audit Assistant
Posted accounting entries like journal, sale, purchase, cash, bank etc.
Prepared bank reconciliation.
Prepared balance sheets of various clients and conducting tax audits.
Prepared tax returns of companies, firms and individuals.
Conducted revenue, Concurrent and Statutory audit of various Banks.
Prepared various tax returns like GST, TDS and Income tax.
Performed over 10 complex financial statement audits for large public companies in various industries, including real estate, steel industries, Private School institutions, Non-profit organisations. Clients included: Aadhunik Ispat ($36M Revenue), Lijat Papad NPO ($110M Revenue), Bedi Steels ($18M Revenue).
Drafted and presented final audit reports and findings to the audit committee for Lijjat Papad NPO and identified 30 significant deficiencies and suggested recommendations to improve internal controls at six branches in North India.
Assisted in the development and rollout of new journal entry testing methodology using MS Excel, which resulted in a reduction of 10% for the completion of similar audits firm-wide. EDUCATION
The Institute of Chartered Accountants of India
Chartered Accountant, (CA) 2012
Bachelor’s of Commerce 2010