AMRUTA JOSHI

1. Month-End Close Management:

• Manage the complete month-end close cycle, from journal entries to final financial reporting.
• Includes:Accurate and timely journal entry processing.
  Execution of key close procedures: GI/IR, revenue recognition, accruals, payroll, scheduled cost postings, fixed asset management.
  Finalization of Profit & Loss (P&L) and Balance Sheet (BS).
  Production of all monthly financial reports.
  

2. General Ledger (GL) Integrity and Reconciliation:

• Maintain GL accuracy and reliability through:Regular Balance Sheet and GL reconciliations.
  Identification, analysis, and resolution of GL open items.
  Sub-ledger to GL reconciliation.
  

3. Financial Reporting and Analysis:

• Generate and deliver essential monthly reports:Intercompany balance reports.
  Sales reports.
  Stock (inventory) reports.
  Order-to-Cash (O2C) reports.
  Accounts Receivable (AR) aging reports.
  Foreign exchange revaluation.
  Average cost run and indirect cost posting.
  

4. Accounts Receivable (AR) and Accounts Payable (AP) Oversight:

• Provide support and guidance to AR and AP functions:Monitor and address AR and AP activities.
  Respond to inquiries and resolve issues promptly.
  Improve AR and AP processes.
  

5. Banking and Payment Processes:

• Manage bank account reconciliations and payment processes:Bank statement entries posting and daily bank reconciliations.
  Fortnightly domestic vendor and employee reimbursements.
  Payment run and first-hand approval.
  Monthly international payments and first hand approval.
  

Roles & Responsibilities

• Journal Entries Posting and Booking of IC transactions.
• Month-End Close Activities -

-GI/IR, Revenue runs,

-Accrual and Payroll Journal posting

-Schedule cost posting.

• Fixed Assets Capitalization and Maintenance- Reconciliations (FA Clearing & SL-GL)
• Inter-company Accounting

-Cross Inter-company Cost posting (Journals and Invoicing)

-Payroll, Fixed cost and other IC cost transfers

-Trade debtors/creditors IC Open item Recons ,Imbalances clear

-Inter-company GL Recons

• Balance sheet and GL Recons.
• Open source documents- error clearance
• General Ledger Reconciliations as per standard maintenance
• Identifying GL Open Item reconciling items and its clearance

Roles and Responsibilities

P2P.

• Booking of raw material Payment-related invoices and allocation of expenses to Plants/Unit
• NON-PO invoice includes- Stationery, Rent, Employee reimbursement, logistics, transport, stamp duty etc.
  Payment:
• Raw material Shipment- Payment of Port disbursement charges(PDA).
• Custom duty payment of All shipments & transfer of cost to Units.
• Stamp duty & o payments to Government /NSDL/CDSL.
  4. Land-related procurement cheque /DD Issue.
  Closing:
• Bank entries related to bank charges, credit, inwards, etc under Bank recons.
• Advance GL/vendor clearing.
• Inter-unit entries of plants related to cost transfer journals.
• IR/GR PO invoice posting and clearance of GRN on time.
• Journals related to dividend issues and Employee share option
  allotment/TDS.
• Journals related to accrual and Payrolls.
• Daily updating and tracking of funds required for payment and updating the same in SAP T code

Roles & Responsibilities

• Maintaining data in SAP of accounts payable
• Checking critical vendors and urgent vendors for immediate posting.
• Work on day-to-day backlog reduction and control overdue payable.
• Preparation of overdue and backlog reports.
• Preparation of productivity report and dashboard