Pravin R Sharma

Procure-to-Pay (P2P) | Accounts Payable | Financial Control

• Managed and optimized the end-to-end Procure-to-Pay (P2P) lifecycle, encompassing purchase accounting, vendor onboarding, PO validation, invoice processing, advance payments, and vendor settlementsin alignment with treasury operations.
• Performed and validated 3-way matching (PO–GRN–Invoice), ensuring accuracy of transactions, preventing financial leakages, and strengthening internal controls.
• Collaborated cross-functionally with Procurement, Stores, and Treasury to resolve discrepancies related to pricing, quantity, and tax treatment, ensuring seamless processing and timely month-end closures.
• Monitored invoice ageing and payable cycles, driving timely vendor payments while optimizing working capital and maintaining strong vendor relationships.
• Managed vendor advances, reconciliations, and balance confirmations, ensuring accuracy of payables and effective closure of outstanding items.
• Administered and tracked No Due Certificates (NDCs) across business partners, ensuring compliance and proper financial closure.
• Processed and posted Debit Notes and Credit Notes with appropriate accounting treatment, ensuring ledger accuracy and financial integrity.
• Strengthened accounts payable controls by identifying process gaps, handling exception management (blocked invoices, missing GRNs, mismatches), and implementing corrective actions aligned with audit frameworks.
• Ensured robust vendor master data governance, maintaining accuracy in banking details, tax configurations, and compliance documentation.
• Generated and analyzed MSME vendor ageing reports, ensuring adherence to statutory timelines and closely coordinating with treasury to avoid penal interest and compliance risks.
• Maintained oversight of MSME vendor payments, ensuring compliance with regulatory requirements and organizational policies.
• Executed GST reconciliations, including GSTR-2A vs purchase register matching, identifying discrepancies and ensuring accurate Input Tax Credit (ITC)claims.
• Actively supported Internal, Statutory, and Tax Audits by preparing schedules, reconciliations, and documentation, demonstrating strong audit readiness and compliance.
• Conducted monthly cash flow analysis across multiple sites, highlighting key variances and supporting financial planning and control.Managed monthly provisions (expense and site-level) in accordance with accrual accounting principles and financial reporting standards.
• Performed General Ledger (GL) scrutiny and variance analysis, including MoM, QoQ, Half-Yearly, and YoY movement analysis, delivering actionable financial insights to management.
• Executed month-end closure activities, including posting of Journal Vouchers (JVs) for provisions and reviewing vendor ageing, ensuring accurate financial reporting and adherence to timelines.
• Monitored raw material price fluctuations such as Price Variances and analyzed their impact on cost structures and company profitability.

Process Automation & Digital Transformation Initiatives

• Spearheaded automation of MSME ageing reporting by designing business logic and collaborating with IT to integrate SAP with Power BI, significantly improving reporting accuracy and turnaround time.
• Led automation of quarterly vendor balance confirmations and NDC tracking, reducing manual effort and enhancing data transparency through Power BI dashboards.
• Conceptualized and implemented automation for vendor reconciliation processes, leveraging SAP–Power BI integration, resulting in improved efficiency and reduced reconciliation timelines.
• Developed automated General Ledger (GL) analytics dashboards, enabling real-time variance analysis and movement tracking (MoM, QoQ, Half-Yearly, YoY), thereby enhancing financial visibility and supporting data-driven decision-making.

Accounts Payable (AP)

• Managed end-to-end accounts payable operations, including purchase accounting, vendor payments, and Foreign Outward Remittances, ensuring accuracy and compliance with regulatory requirements.
• Coordinated with Procurement and Stores to resolve pending GRN/PO issues, ensuring timely booking of expenses and smooth period closures in SAP B1 and Tally Prime.
• Performed vendor reconciliations and balance confirmations, strengthening payable accuracy and fostering strong vendor relationships.
• Monitored and tracked vendor payments and outstanding balances, ensuring efficient cash outflow management and adherence to agreed credit terms.

Accounts Receivable (AR)

• Recorded and managed Foreign Inward Remittances, ensuring accurate accounting and compliance with FEMA/RBI guidelines.
• Accounted for Duty Drawback, GST refunds, and export incentives, ensuring proper recognition and reconciliation.
• Monitored scrap vendor accounts, including outstanding receivables and deposits, ensuring timely recoveries.
• Prepared and analyzed customer ageing reports, collaborating with the sales team to drive collections and reduce DSO (Days Sales Outstanding).

Treasury, Banking & Compliance

• Managed export financing transactions, including Export Packing Credit, Bill Discounting (Export & Domestic), and Bill Liquidation, ensuring accurate accounting and tracking.
• Handled Letter of Credit (LC) documentation and liaised with banks for smooth execution of trade finance transactions.
• Coordinated with Chartered Accountants for Form 15CA/CB compliance related to foreign remittances.
• Prepared and submitted ECB-2 returns to banks for regulatory reporting under RBI guidelines.

Financial Reporting, Controls & Compliance

• Supported month-end and year-end closures, including assisting in finalization of accounts and preparation of financial schedules.
• Assisted in preparation of MIS reports, GST workings, TDS calculations, GST refund processes, and Duty Drawback tracking (including scrip management).
• Prepared and submitted monthly stock statements to banks, ensuring compliance with lending covenants.
• Performed bank reconciliations (daily & monthly), identifying discrepancies and ensuring timely resolution.
• Managed petty cash operations and cash reconciliations, ensuring proper controls, documentation, and audit trails.
• Financial Planning, Analysis & Reporting:
• Prepared cash flow and fund flow statements, supporting liquidity planning and financial decision-making.
• Generated weekly and monthly ageing reports for debtors and creditors, enabling effective working capital management.
• Developed overheads analysis reports (fixed & variable), providing visibility into cost structures.
• Prepared weekly fund requirement forecasts, supporting treasury in planning vendor payments, utilities, and financial obligations.
• Monitored and reported vendor advances, ensuring proper tracking and timely adjustments.

Accounts Executive | GST Compliance | Financial Operations

• Managed end-to-end sales invoicing, including generation of E-invoices, Delivery Challans, and E-way Bills in Tally, ensuring compliance with GST regulations and accurate revenue recognition.
• Performed regular debtor and creditor follow-ups, including ledger reconciliations, to ensure timely collections and settlement of payables.
• Handled banking operations, including cheque preparation and documentation, ensuring accuracy and adherence to financial controls.
• Prepared and presented monthly sales performance reports to management, supporting data-driven decision-making during sales review meetings.
• Assisted in preparation of Monthly MIS reports and Profit & Loss statements, contributing to financial analysis and reporting.
• Computed GST liabilities and prepared GST returns (GSTR-1 & GSTR-3B), ensuring timely and accurate statutory compliance.
• Performed Input Tax Credit (ITC) reconciliation between books and GSTR-2A/2B, identifying discrepancies and ensuring accurate claims.
• Calculated and processed TDS liabilities and payments, ensuring compliance with tax regulations.
• Coordinated with factory and warehouse (godown) teams for monthly stock reporting, ensuring alignment between physical inventory and financial records.
• Assisted in payroll preparation, including salary sheet management, ensuring accuracy and timeliness.
• Managed petty cash operations, maintaining proper documentation and control over cash transactions.
• Leveraged strong working knowledge of Tally and Microsoft Excel for efficient accounting, reporting, and data analysis.

GST Compliance

• Managed end-to-end GST compliance for a diverse client base including Individuals, Partnerships, LLPs, and Companies.
• Executed GST registrations, return preparation, and filing of GSTR-1 and GSTR-3B, ensuring timely statutory compliance.
• Prepared GST audit workings and assisted in filing of GSTR-9 and GSTR-9C, ensuring accuracy and adherence to regulatory requirements.
• Performed detailed ITC reconciliations (Books vs GSTR-2A/2B) and identified discrepancies to optimize tax credit utilization.
• Reconciled GSTR-1 and GSTR-3B with books of accounts, ensuring consistency and minimizing compliance risks.

Direct Taxation (Income Tax & TDS)

• Computed income tax liabilities and filed Income Tax Returns (ITR) for proprietorships, partnership firms, and companies.
• Prepared and validated financial data for Tax Audit (Form 3CA/3CB & 3CD), ensuring compliance with Income Tax Act provisions.
• Handled TDS compliance, including computation of liabilities and filing of TDS returns (including Form 26QB for property transactions).
• Conducted Form 26AS reconciliations with books, identifying mismatches and ensuring accurate tax reporting.

Audit & Financial Compliance:

• Assisted in Tax Audits and statutory compliance engagements, ensuring proper documentation and adherence to audit standards.
• Developed a strong understanding of financial statements, accounting principles, and regulatory frameworks through client engagements across industries.