Harshit Sukhlecha

General Ledger:

• Led month-end and year-end close processes, ensuring timely and accurate financial reporting in compliance with GAAP/IFRS standards.

• Conducted in-depth balance sheet reviews and P&L variance analyses, providing insights and recommendations to senior management.

• Managed intercompany reconciliations, foreign currency transactions, and consolidation entries for multi-entity environments.

• Led system upgrades and ERP transitions ensuring data integrity and minimal disruption to reporting.

• Developed and implemented standard operating procedures (SOPs) for GL functions, strengthening compliance and documentation.

• Worked closely with various teams such as Tax, GL and Consolidation to understand new requirements and delegated tasks appropriately to ensure timely and accurate closure of deliverables.

• Supported budgeting and forecasting by ensuring accurate historical data and providing variance commentary.

• Review of accruals, prepayments, and depreciation workings.

Financial Reporting:

• Consolidation for monthly/financial reports of the group entities and reporting to the client within due dates.
• Co-ordination with FPNA leadership team and providing insights for monthly reports
• Preparing near to accurate budgeting and performing monthly analysis of budget vs actual
• Monthly review of input tax credit and utilization against tax payable .
• Critical review for P&L trend movement, FAR, accrual and prepaid schedules, aged receivable/payable and provision for doubtful debts.
• Balance sheet reconciliation and providing analytics commentary for material movements
• Striving continuous automation in the process to increase efficiency and mitigate the manual efforts

Taxation & Compliances :

• Preparation of GST preparation for Annual return for India
• Setup GST self invoicing in India
• Raising Invoices Under RCM.
• Preparing detailed files for GSTR1 and ITC for GSTR-3B, Monthly ITC recon with GST return and books, also generated monthly E-invoice of GST.
• Advance tax and Tax Provisions working.

• Managed end-to-end P2P operations, including cost centre-wise expense allocation and invoice/credit note authorization.
• Maintained and updated the prepaid amortization schedule to capture future period cash outflows with precision.
• Ensured revenue accrual recognition aligned with Generally Accepted Accounting Principles (GAAP).
• Prepared daily fund forecasting and comprehensive vendor payables reports, aiding better liquidity planning.
• Developed and maintained vendor-wise and cost centre-wise accrual schedules, reconciling with both recurring and ad-hoc operational expenses.
• Generated vendor ageing reports by offsetting credit notes, facilitating timely payments and improving vendor relations.
• Delivered weekly fund collection reports for Mercedes-Benz Private Limited, covering both Personal and Commercial Vehicle segments.

• Providing advisory services to international clients on setting up chart of accounts
• Preparation and recognition of revenue accrual as per GAAP
• Preparation of monthly Profit and loss variance analysis
• Daily fund forecasting and co-ordination with central Treasury team
• Analyzing Budgeted vs actual cost and providing detailed summary to management
• Capitalization of Fixed Assets, Asset Creation and disposal
• Quarterly write off, Monthly depreciation and Fixed Asset Accounting
• Engaged in preparing Month end reports, Accruals, Prepayments, Deferred Revenue for International Clients from US and UK and reviewing daily activities like Accounts payables, Account receivables, Bank reconciliations etc
• Well versed with NetSuite Oracle, Quick Books, SAP and Tally
• Handling two clients on my own(R2R)

• Company Overview: Mumbai
• Actively contributed in coordinating, planning & successfully completing audit assignment of various companies covering major issue relating to compliance with Accounting Standards, Companies Act 2013 & other related matters
• Handled tax audit assignment of various companies and noncorporate assessed covering major issue relating to compliance with income tax Act pertaining to TDS, Statutory Deductions, Depreciation & other related matters
• Reviewed internal control systems, Income & Expense Analysis, Compliance with internal policy of Company & reported to Management
• Compiled and Prepared Balance Sheet, Profit & Loss A/c
• & Schedules to Accounts
• Mumbai