Accountant Accounting

ASHIT N DESAI

***********@*****.*** +91-735*******, +91-942*******

Core Competencies

Finance & Accounts Management

Strategic Finance

Audit & Compliance

Process Automation

Forecasting & Analysis

Profit Centre Operations

Bank Reconciliation

Commercial Operations

KPO

Profile Summary

Result-oriented professional with 26 years of experience in Strategic Management, Financial Planning, Costing & Budgeting, Finance & Accounts, Taxation & Auditing

Expertise in Financial Planning, Financial Statements, preparation & analysis of MIS reports to provide feedback to the top management on business performance w.r.t. profitability, turnover, cost analysis, various budget comparisons & so on

Knowledge of the provisions of Income Tax, TDS and GST (Goods & Service Tax)

Conducted Bank Audit of various Branches of the bank; is on the RBI Panel for Audit; successfully completed audit of Bank of Baroda and Indian Overseas Bank

Exposure in fixing of Credit Limit and credit period of customers; analysis of Receivables like ageing and credit limits; monitoring the reconciliation of dealers and distributors accounts Strong experience in managing Finance and Accounting Operations, Compliance & Reporting

Capable of participating in high level strategic & operational initiatives, directing cross-functional teams, making high-stakes decisions using experience-backed judgment, controlling and monitoring the entire commercial & costing operations

Excels in Statutory Audit, Tax Audit, Internal Audit and quarterly Audit document preparations and Liaising Auditors

Skilled in steering overall accounting operations & audit for the organization including finalization of accounts, collections, purchase, contract compliance, payables, receivables, deposits, disbursements, payroll, dealing with banks / financial institutions, bank reconciliation, internal & statutory audit, & so on

Education

Chartered Accountants from Institute of Chartered Accountants of India in 2000

M.Com. from M S University, Vadodara in 1996

B.Com. from M S University, Vadodara in 1989

Work Experience

July 19 – Started my own practice as a Chartered Accountancy Firm Aug’17 –Jul’19 Oaksourcing Pvt. Ltd., Vadodara Sr. Chartered Accountant Jan’09 – Jul’17 with P S Accounting Services Pvt. Ltd., Vadodara Sr. Chartered Accountant (Non-Executive Director Apr’10 – Mar’16)

Key Result Areas:

Heading finance functions including determining financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial controls Reviewing markets & investment outlooks for various asset classes and ensuring investment menus remain contemporary and competitive

Administrating and guiding staff/team members in doing final accounts & tax calculations/returns and then reviewing the work

Confirming accuracy of provisions, transparency, real-time accounting & better MIS for review Preparing financial reports including cost workings, computation of material consumption and monthly P&L Establishing the organization's asset management policies, objectives, and initiatives; that increases revenue and delivered high return on investments

Monitoring the inflow & outflow of funds and ensure optimum utilisation of available funds in accomplishing organisational goals

Defining and ensuring regular reconciliation of bank, debtors, creditors and any other ledgers Taking adequate measures to monitor the inflow / outflow of funds, ensuring optimum utilization of available funds towards the accomplishment of organizational goals

Formulating budgets and analyzing variances and implementing corrective actions Developing and maintaining adequate internal control system, preparing annual and periodic financial results, submitting them to the management for review and control the finances Interacting with suppliers / creditors for timely payments and managing receivables through ageing analysis to ensure the target with prominence to customer satisfaction; ensuring speedy processing of payments to creditors and preparing credit notes

Designing & implementing systems & procedures for the preparation & maintenance of statutory books of accounts and financial statements, ensuring compliance with time & accuracy norms Finalizing statutory/tax audits with auditors and ensuring all compliances under the regulatory acts and other statutory bodies

Studying existing processes, and leading the implementation of systems aimed at enhancing process and operational efficiency of the organization

Managing the statutory obligation like Income Tax, TDS, Service Tax,Sales Tax assessment, Sales tax Appeal Cases and Service Tax matters

Previous Experience

Mar’08 – Dec’08 with SAP Infotech Pvt. Ltd.,(Munimjee), Ahmedabad - Senior Chartered Accountant Nov’07 – Jan’08 with Suresh Patel CPA Plc., USA - Senior Accountant Nov’06 – Oct’07 with Easyway 3e Solutions Pvt. Ltd., Vadodara - Senior Chartered Accountant Jan’01 – Oct’06 with Doshi Accounting Services Pvt. Ltd., Vadodara - Senior Chartered Accountant Aug’00 – Jan’01 with H M Saraiya & Co., Vadodara - Audit Supervisor May’97 – Aug’00 with C R Shah & Co., Vadodara - Audit Supervisor Feb’96 – May’97: Own Practice of Consulting in Accounts, Finance & Investment May’95 – Feb’96 with Somani Cement Company Ltd., Vadodara - Junior Accountant Jul’92 - May’95 with Shrinivas Plates & Structurals Company Private Ltd., Vadodara - Accountant Articleship

Jul’89 – Jul’92 with Jhaveri & Company, Vadodara - Articled Clerk Knowledge Purview

Controlling and maintaining fixed assets, undertaking physical verification of assets, ensuring that all assets are insured at the appropriate value

Liaising and negotiating with Banks and Financial Institutions for raising fund and non-fund based facilities to meet working capital and project requirements

Examining & evaluating financial systems, management procedures, and internal controls to ensure that records are accurate and controls are adequate to safeguard against fraud / misrepresentations Identifying the benefits of Foreign Trade Policy ( FTP) and put steps to implement the same Ensuring compliance to the govt. rules and regulations as laid down by Statutory Authorities such as Central Excise, Commercial Tax Office, Inspector of Factories, Labour office, Registrar of Companies, Provident Fund for securing compulsory approvals

Networking with Statutory/ Internal Auditors for timely completion of audits & implementation of audit observations Conducting internal and statutory audits; evaluating internal control systems / procedures with a view to highlight the shortcomings and implementing necessary recommendations Certification

Certificate Course from Concurrent Audit of the Bank – Institute of Chartered Accountants of India in 2012 IT Skills

Operating Knowledge : MS Office &PowerPoint

Accounting Software : Tally, Ex, IRIS, Sage Line 50, TaxCalc Personal Details

Date of Birth : 29th September 1969

Address : A – 301 Kamlanjali Flats, Behind HDFC Bank, Near Tube Company, Akota, Vadodara 390 020 Languages : English, Gujarati, Hindi

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