Anjaneyulu Karumuri

Summary - Accounts Payable, Treasury, Interoffice and Reconciliation

• Ensured timely processing of all payments, including purchase order and non-purchase order invoices.
• Performed three-way matching of purchase orders, goods receipts, and invoices before payment entry.
• Identified and resolved invoice discrepancies by coordinating with vendors to correct mismatches.
• Communicated all bank receipts as part of accounts receivable process for accurate project crediting.
• Prepared bank reconciliation statements by resolving discrepancies between bank records and company accounts.
• Managed opening and closing of bank accounts, coordinating maintenance with various banks.
• Monitored cash position by preparing daily funds flow statements to assess fund availability.
• Oversaw investments of surplus funds in fixed deposits, bonds, and mutual funds per investment policy.
• Entering Forward contracts with various banks to hedge the currency as per the Exchange Risk Management Policy of the Institute.
• Posted Inter program entries in Sun 6 (ERP) and currently in Oracle.
• Acted as Manager for the Treasury & Operations team for 9 months, supervising treasury functions and operational processes.

Summary - GL, Fixed Assets and Reconciliations

• Executed monthly reconciliation between business warehouse reports and SAP, ensuring accuracy of financial data.
• Conducted reconciliations between general ledgers and sub-ledgers to maintain data integrity.
• Created fixed assets using T-code AS01 and modified asset details with AS02.
• Prepared CIP master data files and aging reports to support financial analysts in decision-making.
• Conducted periodic follow-ups on CIP aging to ensure timely updates.
• Processed requests from financial analysts for transferring CIP assets between entities using T-code ABT1N and within the same entity using ABUMN.
• Executed disposal and retirement of fixed assets using T-code ABAVN, contributing to accurate asset management.
• Performed monthly depreciation log runs using T-code AFAB.
• Conducted flux analysis and provided comments on monthly and quarterly results.
• preparation of 10-Q package for each quarterly report and 10-K package annually.
• Certified financial tasks and reconciliations using Blackline tool for accuracy.
• Executed auto clearing activities using T-code F.13 and F-03, including credit memo clearance.
• Prepared journal entries for CAPEX to OPEX reclassifications and vice versa.
• Compiled depreciation reasonableness test reports, analyzing variances between budgeted and actual amounts.
• Created monthly balance sheet decks for financial reporting.
• Managed merger activities for fixed assets, ensuring compliance and accuracy in account closures across all books.
• Coordinated merging of entities within the same group while maintaining compliance and accuracy.

• Prepared comprehensive financial statements and filed income tax returns.
• Conducted analysis of draft financial statements, including notes to accounts.
• Analyzed financial ratios to assess organizational performance and viability.
• Evaluated capital budgeting decisions to optimize resource allocation and investment strategies.
• Prepared and filed service tax, eTDS, and VAT (GST) returns, ensuring compliance for various entities.
• Executed TDS deductions in compliance with Income Tax Act provisions.
• Monitored TDS deductions and associated forms to maintain accuracy and compliance.
• Verified statutory compliance with relevant tax laws.
• Performed aging analysis of debtors and creditors, effectively managing overdue accounts to improve cash flow.
• Vouched for accuracy in books of accounts, including purchase and cash journals.
• Gained knowledge in indirect tax regulations, including excise, service tax, and customs duties.