Prasanna Mahajan
Pune
Summary
Professional Summary
Results-driven US & UK Accounting Professional with experience supporting international clients across accounting, bookkeeping, Record to Report (R2R), reconciliations, month-end closing, and financial reporting. Experienced in US tax return preparation, including Form 1040 (Individual Tax Returns) and Form 1120-C (U.S. Income Tax Return for Cooperative Associations). Strong knowledge of US GAAP, UK accounting practices, general ledger accounting, Accounts Payable, Accounts Receivable, intercompany transactions, bank reconciliations, and cash flow management. Skilled in preparing and reviewing financial records, resolving accounting discrepancies, and maintaining accurate books in compliance with applicable accounting and tax requirements. Proficient in accounting and bookkeeping systems including QuickBooks, Xero, Zoho Books, and Tally Prime, with a proven ability to work effectively with international clients and cross-functional teams.
Overview
6
6
years of professional experience
Work History
Account Executive
Trowbridge Outsourcing Services India LLP
Pune
04.2025 - 08.2026
- Maintained accurate financial records and prepared timely financial statements and management reports.
- Performed monthly bank reconciliations, including multi-currency transactions and foreign exchange (Forex) revaluation adjustments.
- Prepared balance sheet schedules, account reconciliations, and supporting documentation for month-end and year-end closing activities.
- Monitored cash flow and accounts receivable and payable ageing, enhancing working capital management.
- Managed international client accounts and foreign currency transactions, ensuring accurate intercompany reconciliations.
- Managed vendor payments, employee expense reimbursements, and cash flow activities,ensuring timely disbursements, accurate financial records, regulatory compliance, and optimal liquidity management.
- Collaborated with management to prepare budgets, forecasts, and financial analyses, supporting informed business decision-making.
Accounts & Tax Associate
My CPA Expert Pvt Ltd
Pune
06.2022 - 01.2025
- Manage US accounting processes, ensuring compliance with applicable federal and state tax regulations.
- Prepare and assist with US individual and corporate tax returns, including Form 1040 and Form 1120-C, ensuring accuracy and compliance with tax requirements.
- Conduct variance analysis, resolve discrepancies, and maintain a robust internal control environment.
- Perform bookkeeping activities, including invoice processing, expense tracking, account reconciliations, and financial reporting.
- Successfully manage Record to Report (R2R) processes, including journal entries, reconciliations, month-end closing, and financial reporting in accordance with US GAAP.
- Analyze and prepare detailed financial statements, providing accurate financial insights to support business decision-making.
- Assisted clients in understanding tax obligations and filing requirements.
- Conducted thorough reviews of client financial records and documents.
- Proficient in US accounting standards, intercompany transactions, tax return preparation, and account reconciliations.
- Collaborate with cross-functional teams to optimize accounting processes, improve accuracy, and reduce month-end closing timelines.
- Implement and streamline bookkeeping systems and accounting workflows to improve operational efficiency.
- Utilize accounting software to record transactions, generate financial reports, maintain accurate records, and support efficient bookkeeping operations.
Jr. Accountant
Vastushodh Project Pvt. Ltd.
Pune
01.2022 - 04.2022
- Posted and accurately applied Accounts Receivable payments received through cash, cheque, and credit card transactions.
- Performed bank reconciliations, prepared and posted journal entries, and monitored cash flow to support effective financial management.
- Managed day-to-day bookkeeping activities, maintaining accurate and detailed financial records.
- Maintained and reconciled General Ledger, Accounts Payable, and Accounts Receivable accounts, ensuring accuracy and compliance with accounting standards.
- Established and maintained relationships with banking institutions, supporting efficient banking operations and financial services.
- Processed invoices, payroll transactions, and expense reports, improving accuracy and efficiency in financial management.
- Reviewed accounting transactions and reconciliations to identify discrepancies and ensure timely resolution.
Accounts Assistant
Oriana KPO Services Pvt. Ltd
Pune
09.2020 - 10.2021
- Prepared and maintained import and export documentation, including sales invoices, proforma invoices, delivery challans, and supporting documentation.
- Recorded and managed accounting transactions related to sales, purchases, Accounts Receivable, and Accounts Payable, including posting bank statements.
- Prepared and filed monthly GST returns, including GSTR-1 and GSTR-3B, ensuring accuracy through regular reconciliation and review.
- Managed logistics-related accounting activities and generated e-way bills in compliance with applicable GST requirements.
- Prepared weekly cash flow statements to monitor liquidity and working capital, along with reports of outstanding payments.
- Prepared monthly reports covering expenses, purchases, sales, and cash transactions to support management reporting.
- Resolved vendor payment disputes, including outstanding balances, payment differences, and account adjustments.
- Coordinated with and supported external auditors during audit procedures by providing required documents and accounting records.
- Maintained and monitored the Fixed Asset Register on a monthly basis, ensuring accurate asset records.
- Processed and maintained debit notes and credit notes, ensuring proper accounting treatment and documentation.
- Reviewed and processed employee travel expense sheets, verifying supporting bills and ensuring compliance with company policies.
- Maintained and updated General Ledger records and supporting documentation, ensuring completeness and accuracy of financial transactions.
Education
Bachelor of Commerce - Accounting
Savitribai Phule Pune University
Pune07-2023
HSC (12th STD) -
Maharashtra State Board
Aurangabad06-2017
SSC (10th STD -
Maharashtra State Board
Aurangabad06-2015
Skills
- Financial reporting
- Tax compliance
- Journal entries
- Cash flow management
- Account reconciliation
- Client tax consulting
- Multi-Currency Accounting
- General ledger maintenance
- Accounting software (QuickBooks, Zoho Books, Xero, Tally Prime)
- Microsoft Excel (Advanced)
- Accounts payable
- Accounts receivable
- International accounting
- US GAAP
Timeline
Account Executive
Trowbridge Outsourcing Services India LLP
04.2025 - 08.2026
Accounts & Tax Associate
My CPA Expert Pvt Ltd
06.2022 - 01.2025
Jr. Accountant
Vastushodh Project Pvt. Ltd.
01.2022 - 04.2022
Accounts Assistant
Oriana KPO Services Pvt. Ltd
09.2020 - 10.2021
Bachelor of Commerce - Accounting
Savitribai Phule Pune University
HSC (12th STD) -
Maharashtra State Board
SSC (10th STD -
Maharashtra State Board