CA Prachi Solanki
Vadodara
Summary
Accomplished Chartered Accountant professional with more than 10 years of experience in finance and accounts, financial reporting, budgeting, and taxation of U.S. and Indian accounting.
- Proficient in managing a wide spectrum of Finance and Accounts activities, encompassing accounts management, preparation of balance sheets and P&L, reconciliation statements, budgeting, auditing, taxation, commercial functions, MIS, and documentation.
- Worked with external U.S. clients.
- Gained exposure in formulating yearly budgets and quarterly operational cash forecasting, which led to long-term improvements in cost savings, profitability, and productivity.
- An effective communicator with honed relationship management, team-building, analytical, and problem-solving skills.
Overview
18
18
years of professional experience
Work History
Finance & Accounts Manager
Archer Transnational Systems Pvt Ltd
Vadodara
10.2024 - Current
- Collaborated with external audit teams to conduct internal and statutory audits.
- Pinpointed enhancements for current accounting methods.
- Implemented policies and procedures for accounting operations.
- Prepared monthly balance sheets, income statements, and other financial documents.
- Enhanced productivity in financial operations through multifunctional teamwork.
- Verified tax filing requirements and regulatory obligations for India entity.
- Contributed to the successful implementation of accounting software systems.
- Implemented internal controls for precise reporting.
- Led finance team with focus on mentoring and supervision.
- Completed month-end and year-end closings, kept records audit-ready and monitored timely recording of accounting transactions.
- Checked payroll, vendor payments and other accounting disbursements for accuracy and compliance.
- Conducted scheduled performance assessments using various evaluation techniques including conversations, documentation, and continual reviews.
Management Consultant
ARCHER Transnational Systems Pvt Ltd
Vadodara
11.2023 - 09.2024
- Analyzed financial data to identify potential areas of improvement in operational efficiency.
- Supervised accounting tasks, which included accounts payable and receivable, general ledger management, and expense reporting oversight.
- Prepared month-end closing entries for detailed reporting and recordkeeping.
- Produced accurate and compliant financial statements, reports, documentation, and budget frameworks.
- Completed month-end and year-end closings, kept records audit-ready, and monitored the timely recording of accounting transactions.
- Developed and implemented departmental accounting policies, procedures, and processes to establish and standardize accounting best practices.
- Delivered actionable recommendations to enhance strategic direction and day-to-day accounting operations.
- Created detailed reports outlining findings and recommendations for senior management review.
- Reviewed established procedures to assess areas in need of improvement.
Senior GL Accountant
ARCHER Transnational Systems Pvt Ltd
Vadodara
09.2022 - 10.2023
- Prepared and analyzed month-end closing activities, including journal entries, reconciliations, and account analysis.
- Led process improvement initiatives to streamline accounting processes and procedures.
- Identified discrepancies between actual results and planned objectives; resolved issues through root cause analysis.
- Performed complex account reconciliations of balance sheet accounts on a monthly basis.
- NetSuite Implementation.
- Income Statement trend analysis for all expenses.
- Lease query assignment as per ASC842.
- Guiding Team on Process Improvement & Ad hoc Assignments.
- Trained and mentored employees to maximize team performance.
- Assisted in preparation of year-end audit schedules, working papers, and other requested materials for external auditors.
- Maintained fixed asset register ensuring accuracy at all times by reconciling it with general ledger balances.
- Actively participated in ad hoc projects assigned by management team from time-to-time.
Accounts Executive
Shankar Packaging Ltd
Vadodara
02.2022 - 08.2022
- Preparation of Budget and Cash Flow for Poland Operation
- TDS working for Indian Operation
- Monthly Finalization of books for Poland Operation
- Stock Analysis for Poland Operation
- TDS working for Indian Operation
- Monthly Finalization of books for Poland Operation
- Stock Analysis for Poland Operation
Accounts Supervisor
Stemmons Business Services Pvt. Ltd
Vadodara
02.2016 - 12.2021
- Finalization of Accounts, P & L and Balance Sheet on monthly, quarterly, and yearly basis and preparing annual report & notes to accounts.
- Supported preparation of monthly accounts related to accruals, prepayments and fixed assets.
- Supervising Cash flow, Account Receivable, Accounts Payable, Taxation, Financials of 7 US Hotel and Resorts.
- Establishing the budgeting/forecasting process to ensure financial balance and monitoring the variance on monthly / quarterly / Annual basis and business reporting to US Corporate Controller on a regular basis.
- Providing data and resolving queries of US team as well as discussing the reports with them; conducting internal audit to establish proper procedure.
- Provided data to US Taxation Authorities to complete Hotel Audit.
- Highlights:
- Build up and spearheaded 9 members team.
- Supervised dynamic corporate accounting team.
- Ensured tight controls are built in for timely invoice booking, collection, and reconciliation.
Audit Assistant
Amar Shah and Associates
Vadodara
02.2014 - 01.2016
- Engaged in Finance & Accounting functions of the organization, contributing in Finalization of Accounts, P & L and Balance Sheet on monthly, quarterly and yearly basis and preparing annual report & notes to accounts
- Reviewing inter-company & intra-company transactions; checking management accounts and MIS, conducting key metrics analysis to give financial insights and recommendations to the management on a timely basis
- Supervising Open Advance, Open PO and Working Capital
- Confirming compliance with applicable statutory/regulatory laws and rules for financial and tax reporting
- Implementing financial procedures, maintenance & finalization of accounts as per statutory requirements and liaising with tax authorities resolving taxation matters
- Engaged in ROC related work of corporate clients
- Highlights:
- Supported and assisted the core team members
- Introduced proper MIS System for the clients
- Reported to senior auditors, ascertaining daily duties and gathering relevant evidence precisely and efficiently.
- Accurately prepared accounting data analysis from client records against assignment deadlines.
Article Trainee
M/s Mandowara Laddha & Associates
04.2007 - 03.2010
- Conducted Stock Audit
- Engaged in sending monthly & quarterly Audit Report
- Engaged in ledger scrutiny, statutory compliances, periodic stock verification
- Audited general ledger accounts and financial statements
- Conducted Internal Audit
- Reviewed service contract & Statutory Compliance
- Conducted Bank Audit of various branches of Bank of Baroda
Education
Charted Accountant -
Institute of Chartered Accountants of India
2014
B.Com -
M.S University
2009
Skills
- Balance Sheet Management
- Account Finalization
- Statutory Compliance/Audit Analysis/MIS Reporting
- Taxation Banking/Treasury
- Bookkeeping
- Reporting
- General Ledger Management
- Financial statement preparation
- US GAAP knowledge
- Process Improvement
- IT Skills
- MS Office (Word, Excel & PowerPoint)
- Yardi
- M3
- M-Files
- Quick Book Online
- ERP
- Microsoft GP
- Oracle NetSuite
Additional Information
- Address: B-702, Zillion Splendid, Near Vaikunth Cross Road, Waghodia Road
- Vadodara-390019
Languages
Gujarati
First Language
English
Proficient (C2)
C2
Hindi
Proficient (C2)
C2
Accomplishments
- Recognized as ‘Player of the Quarter' for outstanding performance in year-end activity in Stemmons Business Services Pvt Ltd.
- Played a major role in entity set up in M3 Software.
- Played a crucial role in successful implementation of NetSuite in Corporate Accounting team at ARCHER.
- Promoted as Management Consultant from Senior GL Accountant at ARCHER from November 2023.
References
References available upon request.
Timeline
Finance & Accounts Manager
Archer Transnational Systems Pvt Ltd
10.2024 - Current
Management Consultant
ARCHER Transnational Systems Pvt Ltd
11.2023 - 09.2024
Senior GL Accountant
ARCHER Transnational Systems Pvt Ltd
09.2022 - 10.2023
Accounts Executive
Shankar Packaging Ltd
02.2022 - 08.2022
Accounts Supervisor
Stemmons Business Services Pvt. Ltd
02.2016 - 12.2021
Audit Assistant
Amar Shah and Associates
02.2014 - 01.2016
Article Trainee
M/s Mandowara Laddha & Associates
04.2007 - 03.2010
Charted Accountant -
Institute of Chartered Accountants of India
B.Com -
M.S University
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