Quickbooks Online
Finance & Management -
- Manage monthly, quarterly and annual financial statement close and related reporting
- Help & Assist & work closely with CFO based at US to oversee all corporate accounting activities ensuring compliance with US GAAP, statutory guidelines and internal financial policies and procedures
- Work on Daily Cash flow Reports, Fund Management, Budgeting, Weekly GL, Weekly review of Global bank balances, Yearly review of Global Finances.
- Work closely with CFO & Lead the accounting team through successful annual financial
- Ensure account reconciliations are completed in a timely manner and are reviewed for accuracy and completeness
- Comply with local, state, and federal government reporting requirements and tax filings; liaise with external tax accountants to ensure completion of tax filings
- Work on Account & Finance related admin requirements, to connect with bank and merchants for new accounts, any missing transactions error & providing different required corespondents for specific requirements.
- Collaborate across multiple departments to ensure appropriate financials & accounting policy compliance which includes monthly different department invoices verification processes also (vendor invoices)
- Support management in completing special projects, ad-hoc reporting and analysis requests, and other tasks as assigned
- Mentor & lead a team of accountants to success.
TAXATION -
Tax return preparations, workings & calculations, Data entries in the softwares for 1040 - Individual(40%),1120 - Corporate(10%), 1120-S – S-corp(40%),1065- Partnership(10%) on the basis of Tax source documents & previous year return. Review of the same.
Form 1065 – (Partnership) –
(i) Preparations & Review of Partnership Tax Reports.
(ii) Preparation of book (US GAAP) to tax adjusting journal entries. (Year end accruals & recording depreciations)
(iii) Assistant provided for preparation of apportionment and allocation formula for large multistate partnership tax return.
(iv) Filing of income tax estimates & extension.
Form 1120 & Form 1120-S – ( US Corporation & S-Corp)
(i) Preparation & Review of US Corporation (1120/1120-S Tax Return)
(ii) Assistant provided for preparation & Review of form 2553(S-Election of Corporation)
(iii) Preparation of books (US GAAP) to tax adjusting journal entries. (Yearend accruals & recording depreciations)
(iv) Assistant provided for differed tax computation.
(v) Assistant provided for preparation of apportionment and allocation formula for large multi-state tax return.
Form 1040 – (Individual Tax)
(i) Preparations & Review of US Individual Tax Returns.
(ii) Like-Kind asset calculations & Adjustments
ACCOUNTING -
- Hands on experience in Bank Reconciliation, Credit Card Reconciliation, Merchant Reconciliation, Third party Payment portal Reconciliations, Vendor Reconciliation, Sales Reconciliations, Payroll Reconciliation, Petty cash Reconciliation kind of monthly activities.
- Basic Bookkeeping activities like Entries in various software (mentioned below) like, Invoices, Bills, Payments, Deposits, Expenses, PO,Proposals, Purchase Return, Sales Return, Debit Memo & Credit Memo., Bank & Credit Card, Sales & other journals, POS entries etc.
- Adjustment journals, Yearend & Month end Accrual Entries, P&L/Income Statement, Balance sheet & Cash-flow month end Review & Analysis, Weekly AP & AR Aging Summary reports, Cash flow report, Monthly utility expense charts, Month end loan payment entries, Yearend Depreciation adjustments & year end W-9 collections & 1099 issue work done previously.
- Day to Day accounting activities & adjustments like duplicate check or loss of check, petty cash accounting, AP & AR work like Invoices, Bills.
- Employee hour adjustments, Payroll Processing, Payroll Journals, Payroll & Payroll tax payment entries, Payroll Reconciliations and Payroll related other queries are solved in depth in a proper manner.
- Monthly Sales tax working and submission online on the government website & in the case of CPA, required Sales Tax data & working Reports are sent to CPA in timely manner. Responses to the CPA queries, adjustments & co-ordinations with the CPA.
- Significant exposure to CRM as handling direct client communication and performing query resolutions to the assigned clients.
- Ability to conduct quality checks and ensure 100% adherence to client requests.
- Also responsible for process improvements, reporting / dashboards, and information management.
- An excellent ability to catch up a new process, to put advance inputs on the same & following the same accurately.
