Nikhil Solanki
DGM - Finance & Accounts
Panvel
Summary
Finance & Accounts Professional with nearly 18 years of experience in Taxation, Finalization & Audit, Payroll Management, Procurement, Vendor Management, MIS & Budgeting.
Skilled in managing financial accounting, payables, receivable,
preparation of ledger books, bank reconciliation statements
and finalization of accounts.
Proficient in managing GST, TDS, PT, PF, ESIC, LWF
Competent in maintaining MIS reports and evaluating the same for
facilitating decision-making process.
Possess excellent communication skills with exceptional
relationship management and team supervision capabilities.
Overview
18
18
years of professional experience
7
7
years of post-secondary education
Work History
DGM - Finance & Accounts
Coldman Logistics Pvt. Ltd
05.2017 - Current
- Assist In Finalization
- Streamlined the statutory auditing process with Deloitte and BDO through detailed documentation reviews and data analysis; reduced average project timelines by three weeks while maintaining a high standard of quality in financial reporting
- Conducted in-depth legal and financial due diligence for BDO, uncovering five critical compliance gaps that led to corrective measures enhancing regulatory adherence and ensuring risk mitigation for future audits
- Internal Audit (Aneja Associates) of Purchases, Sales, Funds Transfer, Expenses and Creditors and Debtors etc
- Executed detailed state-wise GST calculations and managed the filing of returns for three different states, ensuring compliance with tax regulations while enhancing accuracy in financial reporting processes
- Prepared precise MIS reports highlighting sales trends and cash collections, enhancing visibility into financial performance; increased reporting efficiency by compiling data weekly instead of quarterly as previously practiced
- Preparation of Cash Flow
- State Wise Profession Tax payment and Filing Return on monthly basis
- ESIC payment and Filing Return on monthly basis
- MLWF payment and Filing Return on Half yearly basis
- Provident Fund working and making payments on monthly basis
- Generated comprehensive reports on verified invoices and payments processed each week; facilitated smoother audits leading to zero errors noted during quarterly financial assessments conducted internally
- Verifying and checking Monthly Bank reconciliation statement
- Verifying and Checking Outstanding statement, Dues from Client details, Fund flow statement on daily basis
- Prepare and maintain the accounts and various Statements as required by the Auditors
- Working & Disburse payments for all Advance and Salaries to the Employees
- Handling TDS, and preparing & filing ETDS return on quarterly basis (26Q & 24Q), issuing form 16 & 16A on quarterly basis & Assist in calculation of Tax structure for salaries
- Assist in Preparing Profit & Loss A/c & Balance Sheet for Pvt CO
- Working on Retention & WCT Retention on Monthly Basis Personal touch with Business Clients, Monitoring staff, Leadership skills etc., Prepare & Manage Correspondence, Reports & Documents
- Managing the accounts of all the units
- Preparing & Maintaining Cash Book and Bank Pass Book.
Senior Accounts Manager
Shree Balaji Construction
11.2014 - 05.2017
- Handling Finalization of Accounts up to Balance Sheet
- Preparation & E - Filling of Income Tax Returns - Group of Companies along with Tax Audit Report and Computation of income
- Preparing 3CD with Annexure Bank Reconciliation, online Statutory Payment, NEFT, RTGS
- MIS Reports to Management
- Controlling the daily accounts and finance activities of workshop with a team of 4 Members Facilitate & co-ordinate matters relating to internal, statutory, tax audit with Tax and Statutory Auditors
- Preparing & Maintaining Statutory books of accounts viz., journal, ledger, cash book and subsidiaries in compliance with time & accuracy norms
- Computation of Staff Income Tax along with filing of e-returns (24Q) on quarterly basis Deduction of TDS & Filing of e-returns (26Q) on quarterly basis
- Preparation of Data for Assessments of Sales Tax & Income Tax Preparation of VAT & CST Details for e-filing returns (Form - 233 & III-E)
- Documentation Service Tax & Vat Assessments
- Computing & Payment of Service Tax Liabilities on monthly basis & filing of half yearly returns (ST3)
- Reconciliation of Bank, Debtors and, Creditors
- Handling of Professional Tax Assessments
- Maintaining records of all the employees Preparation of statements of monthly Salary and yearly Bonus, OT Handling office administration.
Senior Accountant
Varsha Enterprises
02.2013 - 10.2014
- Verifying and checking supplier's bills and process for Payment
- Verifying and checking Monthly Bank reconciliation statement
- Verifying and Checking Outstanding statement, Dues from Client details, Fund flow stamen on daily basis
- Entries of purchase, sales, payment & receipts
- Finalization of Accounts
- Working on statutory compliances like VAT, TDS.
Accountant
L. Liladhar & Company
10.2006 - 01.2013
- Assist In Finalization
- Assist In Assessment of Vat Audit
- Working on statutory compliances like VAT, TDS
- Making Fund Flow statement on daily basis
- Internal Audit of Purchases, Sales, Funds Transfer, Expenses and Creditors and Debtors
- Preparing & Maintaining Cash Book and Bank Pass Book
- Verifying and checking supplier's bills and process for Payment
- Verifying and checking Monthly Bank reconciliation statement
- Verifying and Checking Outstanding statement, Dues from Client details, Fund flow stamen on daily basis
- Personal touch with Business Clients, Monitoring staff, Leadership skills etc., Prepare & Manage Correspondence, Reports & Documents
- Preparing & Maintaining Cash Book and Bank Pass Book.
Education
DFM (Dip. In Fin. Management) -
Welingkar Institute of Management
04.2001 - 01.2008
Bachelor of Commerce -
Mumbai University
Skills
Finance & Accounts
Taxation
HR
Procurement
Account Payable
Accounts Receivables
Monthly MIS / Books Closure
Software Integration
Cash Flow Management
Process Improvement
Cross Departmental Coordination
Timeline
DGM - Finance & Accounts
Coldman Logistics Pvt. Ltd
05.2017 - Current
Senior Accounts Manager
Shree Balaji Construction
11.2014 - 05.2017
Senior Accountant
Varsha Enterprises
02.2013 - 10.2014
Accountant
L. Liladhar & Company
10.2006 - 01.2013
DFM (Dip. In Fin. Management) -
Welingkar Institute of Management
04.2001 - 01.2008
Bachelor of Commerce -
Mumbai University
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