Pratik Sahal

Tax and Compliance Management:

• Successfully filed TDS/TCS returns, ensuring strict adherence to tax regulations and independently managed TDS-related litigation.
• Conducted comprehensive GST reconciliations (3B, 2B, and GSTR-1) across four business units, ensuring regulatory compliance and minimizing errors.

Vendor and Creditor Management:

• Streamlined vendor and creditor management through weekly reconciliations, optimizing working capital utilization by effectively managing accounts payable and maintaining strong vendor relationships.

Cost Analysis and Reporting:

• Compiled monthly production costing reports to analyze and enhance cost efficiency.
• Improved financial reporting accuracy by streamlining accounting processes and implementing new software solutions.

Profitability and Expense Management:

• Increased profitability by identifying and implementing cost-saving measures without compromising quality or service levels.
• Ensured timely and accurate completion of month-end closing activities, maintaining precise financial records for management review.

Team Leadership and Development:

• Mentored junior staff in best accounting practices and provided guidance on complex financial issues.
• Supported senior leadership in developing long-term strategic plans through insightful financial analysis.

Audit and Strategic Collaboration:

• Collaborated with statutory auditors to develop and implement effective account strategies.

Management Reporting:

• Prepared monthly Management Information System (MIS) reports for creditors, facilitating improved vendor management and payment planning.
• Prepared related parties disclosure and conducted ratio analysis for the balance sheet, ensuring comprehensive financial reporting.

Monitor and Reconcile Purchases and Sales:

• Track daily purchase and sale transactions.
• Reconcile purchase and sale records to ensure accuracy.

Prepare MSOD Stock Statement for Cash Credit (CC) Limit:

• Compile stock statements in the prescribed format.
• Ensure the accuracy of stock details for submission to banks for CC limits.

Vendor Management:

• Review and manage vendor contracts and agreements.
• Ensure timely payments and resolution of vendor issues.

Communicate with Bankers on CC Matters:

• Handle all communication regarding CC matters through emails and phone calls.
• Ensure timely and accurate submission of required documents to bankers.

Maintain GST Returns and Reconciliation:

• Prepare and file GST returns.
• Reconcile GST data with financial records to ensure compliance.

Bank Reconciliation:

• Perform regular bank reconciliations.
• Ensure bank statements are accurately matched with internal records.

Inventory Management:

• Maintain and update records of stock statements, raw materials, purchases, sales of finished goods, and machinery.
• Track and manage stock levels, ensuring accuracy and timeliness in updates.

Transaction Recording:

• Record daily purchases and sales, including details on Goods and Services Tax (GST).
• Ensure all transactions are accurately documented and compliant with GST regulations.

Financial Record-Keeping:

• Maintain detailed Cash & Bank Books, ensuring all cash inflows and outflows are accurately recorded.
• Track and reconcile bank statements regularly.

Financial Reporting:

• Prepare reports on debtors and creditors, ensuring timely and accurate information on outstanding payments and receivables.
• Monitor and manage accounts payable and receivable to maintain healthy cash flow.

GST Compliance:

• Upload GST returns punctually, ensuring compliance with statutory deadlines and avoiding penalties.
• Keep abreast of changes in GST regulations and apply them accordingly.

Expense Monitoring:

• Monitor and record monthly expenses, ensuring all expenditures are accounted for and within budget.
• Identify areas for cost savings and provide recommendations.

Communication Management:

• Manage internal and external email functions, ensuring effective communication with stakeholders.
• Address inquiries and resolve issues promptly through email correspondence.