Netal Nakrani

• Managed and motivated employees to be productive and engaged in work.
• Accomplished multiple tasks, such as 1120SF, 1099, estimated tax payment of around 500 QSFs, banking payment, and bank reconciliations of 1,200+ accounts within established timeframes.
• Maximized performance by monitoring daily activities and mentoring 15 to 20 team members.
• Enhanced customer satisfaction by resolving disputes promptly, maintaining open lines of communication, and ensuring high-quality service delivery.
• Resolved staff member conflicts, actively listening to concerns and finding appropriate middle ground.
• Controlled costs to keep business operating within budget and increase profits.
• Cross-trained existing employees to maximize team agility and performance.
• Maintained professional, organized, and safe environment for employees and patrons.
• Achieved departmental goals by developing and executing strategic plans and performance metrics.
• Built high-performing teams through effective recruitment, onboarding, and talent development initiatives.
• Mentored junior team members for career advancement, fostering a pipeline of future leaders within the organization.
• Streamlined workflows by identifying bottlenecks in existing systems and implementing appropriate solutions.
• Reduced operational costs through comprehensive process improvement initiatives and resource management.
• Facilitated team brainstorming sessions that led to innovative solutions for long-standing operational challenges.
• Coordinated with IT department to upgrade technology infrastructure, enhancing operational efficiency and data security.
• Evaluated employee performance and conveyed constructive feedback to improve skills.
• Defined clear targets and objectives and communicated to other team members.

Key Responsibilities: Financial Management:

A highly responsible leadership position overseeing the full spectrum of accounting, finance, taxation, and compliance functions for a group of hotels and motels across the USA. (Minnesota, Ohio, Michigan, and Wisconsin.) This role involves managing cross-functional teams, ensuring accurate financial reporting, maintaining legal compliance with federal and state tax authorities, and providing strategic financial insights to senior management.

• Provide strategic and operational leadership for the Accounts and Finance department across all properties.
• Lead and supervise accounting and payroll teams, ensuring role clarity, workload balance, and performance accountability.
• Define team structures, assign responsibilities, and implement efficient work schedules.
• Oversee and manage all financial and accounting operations, including: Accounts Payable & Receivable, Cash Flow & Fund Flow, Payroll Processing, General Ledger Maintenance, Audit Coordination, and Procurement & Vendor Payments.
• Prepare and present accurate financial statements, budget forecasts, and management reports.
• Ensure timely filing and payment of all federal, state, and city taxes, including: Sales Tax (by state: Minnesota, Ohio, Michigan, Wisconsin, Indianapolis), Federal Withholding, IRS Forms 940 and 941, W-2/W-3, and Unemployment Taxes.
• Respond to tax notices, resolve discrepancies, and liaise with government departments as needed.
• Handle new business registrations and compliance setup for newly acquired properties.
• Manage financial and legal due diligence for new hotel and motel acquisitions.
• Oversee asset management, including purchase, maintenance, depreciation, and disposal tracking.
• Ensure legal compliance in financial and commercial transactions.
• Maintain accurate merchant transaction records; handle chargebacks, refunds, and accounting adjustments.
• Verify third-party invoices (e.g., Expedia, Booking.com), investigate discrepancies, and coordinate resolution.
• Manage financial systems and reporting tools to ensure transparency and efficiency.

Key Responsibilities: 1. 2. 3. Accounts Payable (AP): 4. 5. 6. Export-Import Documentation: 7. 8. 9. Excise Compliance (if applicable):

• Handle monthly payments and quarterly returns for TDS and TCS, including Forms 26Q, 24Q, 27Q, and 27EQ.
• Perform TDS/TCS ledger reconciliations, and ensure timely compliance.
• Prepare and issue Form 16 and 12BA for employee income tax.
• Prepare and compile data for the timely filing of GST returns, including GSTR-1, GSTR-3B, and annual reconciliation.
• Manage GST service invoices and reverse charge mechanism (RCM) compliance.
• Generate and manage GST invoices, debit notes, and credit notes.
• Verify Goods Receipt Notes (GRNs) and Purchase Orders (POs) before invoice processing.
• Book supplier invoices, and ensure timely and accurate payments.
• Perform vendor reconciliations, and send balance confirmation letters.
• Handle all documentation and compliance for foreign remittances related to material and service imports.
• Prepare Form 15CA/CB, and liaise with banks for submission and approval.
• Manage import documentation, customs duty booking, and coordination with logistics and shipping partners.
• Assist in the preparation and management of company budgets and forecasts.
• Perform fund forecasting by tracking projected income and expenditures to ensure fund availability.
• Coordinate export documentation, including BRC (Bank Realization Certificate) and IFRC procedures.
• Liaise with freight forwarders, customs brokers, and shipping companies.
• Responsible for month-end activities, including journal entries, provisions, and closing reports.
• Reconcile general ledger accounts, and prepare Profit & Loss, and Balance Sheet statements.
• Conduct physical stock verification, and manage fixed asset mapping and depreciation.
• Prepare and review Bank Reconciliation Statements (BRS) regularly.
• Monitor and control cash flows, and ensure proper documentation of financial transactions.
• Manage excise reconciliation work, and maintain compliance records.
• Issue debit/credit notes, and maintain appropriate records.
• Support internal and statutory audits by providing the necessary documentation.
• Ensure compliance with all applicable financial laws and regulations.

Key Responsibilities: 1. 2. Accounts Receivable (AR): 3. Accounts Payable (AP): 4. Payroll Management: 5. 6.

• Manage Service Tax under the Reverse Charge Mechanism (RCM), including monthly payments and half-yearly return filings.
• Coordinate with all banks to collect and verify service tax details, and obtain certificates.
• Handle VAT (Sales Tax) compliance, including preparation and filing of D Returns, and issuing of C Forms.
• Ensure accurate TDS payments, preparation, and submission of quarterly TDS returns (Forms 26Q, 24Q, 27Q, 27EQ).
• Issue TDS Certificates (Form 16A and Form 12BA) in a timely manner.
• Monitor and manage receivables aging reports; coordinate with internal departments for follow-ups on overdue payments.
• Perform customer ledger scrutiny, apply advance payments correctly, and report the status to management.
• Track and analyze sales data to ensure proper receivable recording and reconciliation.
• Verify supplier invoices against Purchase Orders (PO), Work Contracts, and Goods Receipt Notes (GRN).
• Book invoices accurately, including GRN-based and non-GRN-based invoices.
• Schedule and process payments to suppliers on due dates.
• Prepare reports on advance payments made, and ensure timely adjustments.
• Conduct ledger scrutiny, and perform regular account reconciliations.
• Oversee payroll processing for more than 300 employees and over 100 contract workers.
• Ensure accurate salary and wage disbursements in alignment with company policies and labor law requirements.
• Submit all payroll-related statutory payments: Income Tax, PF, PT, and ESIC.
• Develop periodic payroll reports for submission to the Labor Department and senior management.
• Perform monthly closing activities, including passing necessary provisions, and journal entries.
• Assist in finalizing financial statements, and ensure accurate reporting of account balances.
• Prepare and manage documentation related to the import of goods, including coordination for customs duty booking and payment.
• Liaise with customs brokers and logistics partners for timely clearance of imported goods.

Job Responsibilities: 1. Daily Accounting Operations: 2. 3. 4. 5.

• Manage day-to-day accounting transactions, including payments, receipts, purchases, sales, contra, and journal entries.
• Prepare and process Purchase Orders (PO) and Sales Orders (SO) in accordance with company policies.
• Generate accurate and timely sales and purchase invoices, ensuring proper documentation and authorization.
• Conduct bank reconciliation on a regular basis to ensure accuracy between company books and bank statements.
• Handle RTGS, NEFT, and online tax payments efficiently through digital banking platforms.
• Responsible for creditor payments and debtor receivables, ensuring timely follow-ups, and clearances.
• Handle all cash transactions of the organization with strict adherence to internal controls.
• Maintain proper cash vouchers, ensuring accurate entries into the accounting system.
• Collect, prepare, and summarize service tax data for reporting and filing.
• Compute and process TDS (Tax Deducted at Source), prepare TDS statements, and ensure timely payments and filings.
• Prepare sales quotations, and assist in the generation of customer invoices.
• Liaise with banks and non-banking financial companies (NBFCs) for: loan processing for company assets and equipment purchases, and raising funds on behalf of the organization through financial institutions.
• Coordinate with internal departments and external agencies for documentation and approvals related to finance and asset acquisition.

Key Responsibilities: 1. 2. Accounting Support: 3. Marketing & Client Support:

• Oversee general office administration, ensuring smooth day-to-day operations.
• Maintain organized filing systems, and manage physical and digital documentation.
• Coordinate internal communication and support daily logistical tasks.
• Perform basic accounting entries in BUSY software, including: Payment, Receipt, Sales, and Contra entries, Purchase Orders, Sales Orders, and Invoice preparation.
• Ensure accurate data entry, and maintain up-to-date financial records.
• Provide in-house marketing assistance, and coordinate with the sales team for campaigns and promotional activities.
• Attend meetings with prospective customers to demonstrate software products, and explain key features and benefits.
• Act as a point of contact for client queries and support during the sales process.