Akmal Shaik

Financial Reporting and Analysis:

• Created Monthly, Quarterly, half yearly and yearly comprehensive reports on sales trends, growth trends, and Monthly MIS Reports.
• Prepared consolidated financial statements for the company which includes 3 subsidairies and one branch
• Maintaining the contract data and following up with the delivery teams for on time raising of Invoices
• Preparing Actual Vs Budgeted reports with respect to Financials, Revenue, Cost and others.

Process Improvement and Efficiency:

• Implemented new procedures and systems to enhance organizational efficiency with respect to Invoice raising and collection of Invoices on due dates.

Audit Support and Compliance:

• Assisted in the completion of audits in India, UAE and Singapore by providing necessary documentation and information.
• Ensured regular compliance with TDS, GST returns, and monthly stock statements to banks.

International Tax and Compliance Management:

• Obtained TRC certificate to reduce withholding tax from foreign countries.
• Managed FEMA compliances including ODI documents, APR requirements, and FLA return preparation.
• Resolved GST notices and maintained compliance without additional burden.
• Compliant filing with MSEFC council for non reciept of payments from Customers and got succeeded.
  

UAE Operations and Regulatory Compliance:

• Handled corporate registration for subsidiary companies and VAT registration, including quarterly VAT return filings. Managed MOIAT registration and compliance requirements.

Financial System Management:

• Facilitated migration of accounts from QuickBooks to Tally through API connector.
• Resolving the Migration Issues and making the books clean.

CSR Fund Management:

• Successfully saved CSR funds for the company, receiving recognition for contributions

Valuation and Due Diligence:

• Assisted in obtaining company valuation and prepared necessary documents for due diligence.

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Financial System Management:

• Successfully migrated books of accounts from QuickBooks to Zoho Books.
• Implemented automated invoicing through Chargebee.
• Integrated payment gateways (Chargebee, Razorpay) with Zoho for seamless collections and automatic reminders for overdue payments.

Compliance and Reporting:

• Managed day-to-day functions of Accounts Payable and Accounts Receivable.
• Submitted monthly financial statements, ensuring completion of month-end closing procedures.
• Prepared and filed compliances including TDS, GST, PT, PF & ESI, and ROC compliances.
• Filed annual returns and prepared interim financials.
• Customer Interaction and resolving the issues with SOAS and Invoicing and Collections on time.
• Interacted with customers to resolve invoice, GST, and TDS-related issues.

Reconciliation and Vendor Management:

• Reconciling TDS Payable and sending Form 16as to Vendors.
• Executed vendor setup and managed vendor payment processes.

Revenue Analysis and Forecasting:

• Prepared revenue billing, conducted customer-wise margin analysis, and managed accounts receivables ageing.
• Managed and reported on client contracts, invoicing, and receivables.
• Conducted revenue analysis, expense analysis, and monitored budget and revenue trends.

Financial Management and Accounting Operations:

• Proficient in preparation and maintenance of books of accounts in Tally.
• Managed all accounting operations including billing, Accounts Receivable, Accounts Payable, and Revenue Recognition.
• Submitted monthly financial statements with completion of month-end closing procedures

Standardization and Procedures:

• Drafted standard procedures for daily vendor payouts and invoicing.

Reconciliation and Compliance:

• Conducted monthly reconciliation of revenue with Tally and GST.
• Ensured monthly reconciliation of GSTR2B with books of accounts.
• Handled statutory compliances of GST, TDS, and ROC.

Budgeting and Financial Analysis:

• Created, reviewed, and presented budgets and projections.
• Conducted cash flow reconciliation and accounting.

Payment Gateways and FDI Declarations:

• Resolved disputes in payment gateways, ensuring smooth transactions
• Handled FDI declarations to banks regarding investments.

Audit Planning and Execution:

• Developed and executed audit plans, monitoring their implementation according to assigned roles.
• Conducted audits in areas including Procure to Pay, Financial statement closure process, Order to cash, Inventory & Production.
• Led end-to-end audit execution, including fieldwork, work paper documentation, audit meetings, reporting, and follow-ups.

Tax Compliance and Representation:

• Filed Income Tax Returns, Income Tax Forms, and conducted Tax Audits.
• Drafted responses to Notices and represented clients before tax authorities
• Dealt with Income Tax and GST Authorities personally, attending summons on behalf of clients.

Company Incorporation and Compliance:

• Handled incorporation of companies and ensured timely filing of forms within due dates.

Audit Process Enhancement:

• Test of details in respect of Financial statement Line Items.
• Assessed processes and tested controls for operating effectiveness, ensuring compliance with annual financial controls testing requirements.
• Conducted tie-out procedures and rolled forward audit procedures to the current year for continuity and accuracy.

• Exposure in concurrent Audit General Ledger Scrutiny and analyzing Variance
• Review of Billing with Customers and Withholding of Taxes.
• Handled Statutory Audits and Internal Audits
• Handled Current asset Valuation Audit for Various Companies
• Ascertaining the assertions of Fixed Assets, Capitalizations of work in progress and operating Expenses
• Preparation of consolidated Books of Accounts
• Preparation and Maintenance of Books of accounts Reconciliation of receivables, Payables and Cash & Bank Balances