Naresh Desai

• Analyzed departmental operations to identify areas of improvement and recommended corrective actions.
• Implemented cost-saving initiatives to reduce overhead expenses.
• Reviewed and reconciled fixed asset accounts on a monthly basis.
• Monitored capital expenditure requests to ensure accuracy of information and proper approval process was followed.
• Performed research for accurate accounting treatment of new equipment acquisitions.
• Maintained records for all fixed assets, including additions, disposals and transfers.
• Developed and implemented policies and procedures related to the capitalization of assets.
• Prepared journal entries for depreciation expenses and other related adjustments.
• Conducted periodic physical inventories of fixed assets to verify existence of assets.
• Assisted with the preparation of financial statements in accordance with GAAP guidelines.
• Analyzed balance sheet accounts for completeness, accuracy, reasonableness and compliance with corporate policies.
• Coordinated the annual external audit by providing supporting documentation as requested by auditors.
• Created reports detailing asset activity such as additions, disposals, transfers.
• Identified opportunities to improve internal control processes surrounding the fixed asset accounting function.

• Responsible for correct Accounting & recording of Fixed Assets and Projects.
• Create & maintained Assets masters, Capex budgets and recording of Capex transactions in SAP.
• Recording of all transactions related to FA addition, deletion-sale, transfer and scrap.
• Capitalization of CWIP Projects and individual Assets.
• Physical Verification & Reconciliation of Companies overall Assets.
• Knowledge & implementation of Accounting Standards, preparation of FA schedules for Financials as per IND -AS.
• Dealing & Handling with Internal & Statutory Auditors.
• Handling Account Receivables and Payables for CAPEX Transactions.
• Adequate knowledge of GST and involved in GST implementations.
• Preparation and Submission of R & D Expenditure in specified format.

• Managing accounts payable, accounts receivable and payroll functions in accordance with established policies and procedures.
• Identified potential risk in promotional & advertising expenses claimed by the field staff, such as false or deceptive claims.
• Analyzed Accounts receivable and payables to identify discrepancies and errors in account information.
• Reviewed invoices, credit memos and other financial documents for accuracy.
• Ensure adequate control on various types of loans & advances given to the field staffs to mitigate the business expenses.
• General ledger scrutiny and reporting of exceptional entries, errors and rectification with necessary entries.
• Preparation of monthly MIS of all overseas offices and responsible for their recording of office expenses.
• Preparation of monthly overheads statements for all locations including HO.
• Co-ordination with Bank for day to day transactions and preparation of Bank Reconciliation Statements.
• Overall responsibility of proper accounting and timely payment of Marketing Expenses for various divisions.

• Overall responsibility of accounting and preparation of Financial Statement as required by the funding agency.
• Preparation of Receipts and Payment Account, Balance Sheet & Schedules of Accounts in specified format for Project accounts.
• Assisted in the preparation of monthly and yearly closings.

• Preparation of all types of vouchers of accounting entries and debit & credit notes.
• Scrutiny of leger accounts and keeping record of statutory information to accounts.
• Preparation of bank reconciliation statement, debtors and creditors reconciliation.
• Calculation & preparation Income Tax, Sales Tax, Service Tax & other statutory requirements.

Responsibility & Achievements

Internal & Statutory Audit for below clients:

1. Mother Dairy Food Processing Limited - Third Party responsbilty as Internal Auditor for all the transactions of the company

2. Konkan Railway Corporation Limited - Quarterly audit for corporate office and its branches.

3. MindaSai Limited - Half yearly audits for purchases and stores.