Karthik Lognathan

Key Responsibilities:

Financial Reporting & Analysis:

Prepare monthly, quarterly, and annual financial statements, ensuring accuracy and compliance with accounting standards.

Perform detailed variance analysis, identifying trends and providing recommendations for cost control and financial improvements.

Assist in the preparation of management reports, including P&L statements, balance sheets, and cash flow projections.

General Ledger Management:

Oversee the maintenance of the general ledger, ensuring accurate and timely recording of financial transactions.

Review and reconcile accounts on a monthly basis to ensure consistency and accuracy in financial records.

Handle month-end and year-end closing processes, ensuring timely completion.

Accounts Payable & Receivable:

Supervise the accounts payable and receivable functions, ensuring invoices are processed accurately and on time.

Monitor outstanding receivables, follow up on overdue accounts, and work with the collections team to resolve outstanding balances.

Ensure accurate allocation of payments and manage vendor relationships for smooth payment cycles.

Internal Controls & Compliance:

Ensure adherence to internal controls, financial policies, and regulatory requirements, minimizing risk and improving compliance.

Handle GST returns ( GSTR-1,3B,6-ISD) and reconcile GSTR-2B with books for ITC Claim

Assist in the preparation for audits by gathering necessary documentation and supporting audit activities.

Team Leadership & Coordination:

Supervise and mentor junior accounting staff, providing guidance and training to improve their technical skills and efficiency.

Coordinate with other departments (e.g., sales, Billing, procurement, HR) to ensure seamless financial operations and resolve any discrepancies.

System Implementation & Process Improvements:

Contribute to the implementation of accounting software and automation tools to improve accounting workflows and reporting accuracy.

Identify opportunities for process improvements and contribute to the streamlining of accounting procedures.

Key Achievements:

Successfully reduced accounts Payable aging by 70% through proactive follow-up and resolution of overdue payments.

Played a major role in the successful implementation of Teemage software, which improved reporting efficiency by 80%.

Assisted in the successful completion of year-end audits, resulting in no significant findings or adjustments.

1. Vendor Management

• Assist in identifying and selecting suppliers/vendors.
• Maintain relationships with existing vendors and suppliers.
• Follow up with vendors on order status, delivery schedules, and quality issues.

2. Order Processing

• Process purchase orders based on inventory needs or project requirements.
• Ensure that all orders are placed accurately and on time.
• Coordinate with internal teams (e.g., production, warehouse) to ensure proper stock levels.

3. Inventory Management

• Track inventory levels, and notify the team when stock is low.
• Assist in inventory audits and stock reconciliations.
• Monitor stock movement and ensure adequate levels of materials.

4. Documentation and Record Keeping.

• Maintain accurate records of all purchase orders, receipts, and invoices.
• Assist with preparing reports related to purchasing activities and expenditures.
• File and organize purchase-related documents for easy retrieval.

5. Price Comparison and Cost Analysis.

• Research suppliers and compare prices to ensure cost-effectiveness.
• Assist in negotiating with suppliers to obtain competitive pricing and terms.

Generated and processed invoices, managed petty cash, handled payroll activities, and coordinated timely vendor payments.

Prepared cost sheets for EB panels, and assisted in account reconciliation and audit support activities.