Rohit Kumar
Bangalore
Summary
Accomplished Senior Consultant with over 6.5 years of expertise in US Core Accounting, Bookkeeping, and Month-end Close procedures. Proficient in a range of accounting software including QuickBooks, Sage-Intacct, and MS Dynamics, ensuring meticulous financial reporting and transaction accuracy. Skilled in US Payroll managing and fostering strong client relationships, consistently delivering exceptional results in a fast-paced environment. Demonstrated success in team leadership, directing and motivating colleagues to achieve collective objectives efficiently.
Overview
6
6
years of professional experience
Work History
Senior Consultant (Advisory, OASyS)–US Accounting
WithumSmith Brown India LLP- (WITHUMSMITH+BROWN PC, USA)
Bangalore
2022.04 - Current
- Prepare a monthly close pack of Financials and related schedules of Income and Balance Sheets of clients
- Implemented process improvements to streamline accounting procedures, resulting in increased productivity and accuracy in financial reporting.
- Review junior team members' work to identify areas for improvement and provide constructive feedback, contributing to skill enhancement and overall team performance.
- Foster a supportive and collaborative work environment, encouraging junior team members to voice their ideas and concerns while offering guidance to help them overcome challenges effectively
- Managed client relationships effectively, delivering high-quality service and maintaining a high level of client satisfaction
- Led multiple projects and initiatives, providing guidance and direction to team members to achieve project objectives efficiently.
- Communicated effectively with clients and stakeholders, providing clear and concise explanations of financial information and recommendations.
- Successfully identified and resolved complex accounting issues, ensuring compliance with regulatory requirements and financial best practices.
- Guiding and training new joiners, ensuring smooth onboarding and skill development
- Processing of W2 Employee payroll and Contractor payments through the Gusto application of clients
- Enter Vendor Bills & Customer invoices, and post payroll expense allocation entries in QuickBooks
- Posting Bank and Credit entries & categorizations, and reconciliations of all Balance Sheet accounts in QuickBooks
- Maintain Prepaid and Accrued expenses, Fixed Assets and Depreciation, A/R & A/P, Retained Earning and Equity, Loan & Interest payment, etc
- Account Schedules
- And posting all entries related to the closing of Books
- Accounts Payable Bill.com –Working on Bill.com and clerks all the bills daily, Monthly reviewing the sync error, creating new Vendors and saved workpapers W9 & ACH form, Monthly maintaining a list of 1099 vendor details
- AP monthly schedule and compare with QuickBooks, Matching the data with QB
- 1099 source document collection monthly basis, Maintain the tracker for W9 of vendors
- Yearly filling of 1099’s of the vendor
- Finalization of accounts involves drafting Trail Balance, Profit & Loss Account class wise, and Balance Sheet
- Inventory Balancing with the point of sale e.g
- Shopify
- Opportunity to work on newly onboarded clients, attend client calls, preparing the SOP’s
- Training and assigning work to new joiners and reviewing the same
- Prepare monthly & annual financial reports and create comprehensive analytical reports and comparative graphs
- Updating day-to-day financial transactions and Checking spreadsheets for accuracy
- Achieved monthly billable 160 working hours including all clients
- Experience in handling multiple clients and currently handling more than 15 clients’ monthly Financials
- Preparation of monthly P&L (dept
- Wise & Location wise) and Balance sheet review calls with the client’s monthly basis
Senior Executive Accounts (US Ops)
Vision Beyond Resource India Pvt. Ltd
Lucknow
2021.01 - 2022.04
- Accounts Receivables- Monthly QuickBooks Invoicing for W2, 1099, C2C and FTE candidates with collecting the timesheets
- Maintain the records of Invoice collections in QuickBooks and follow up with customers for open invoices
- Accounts Payable- Vendor creation in QB per W9 details
- Maintain the list of Vendor Bills and paid on the due date through a check, ACH & wire transfer
- Enter Vendor bills and apply for vendor payment in QuickBooks
- Weekly and monthly approved Timesheet Collection and proper maintenance documents for processing payroll and vendor payment verification
- Payroll- Maintain salary records for all C2C, W2(Sure Payroll), 1099 candidates per Net-15/30
- Maintain Placement data and Paperwork for all contract hire
- Revenue-Maintain monthly Revenue on an Excel sheet
- Download bank statements and enter all the transactions in QuickBooks
- Weekly Bank Reconciliation and maintain the monthly schedule for Bank Reconciliation statements
- Reconciliation of customer billable hours and candidates/Vendor paid hours in Excel and QuickBooks
- E-verification process for W2 candidates
- W2, 1099, CTC, and FTE handling all types of contract paperwork
- Maintain Wage and Tax Settlement records for W2 candidates and 1099-Misc Form.
Senior Process Associate (US Accounting, Payroll and Sales Tax)
Smartlytics Innovations Pvt Ltd (Lotus Group of Companies, USA)
Bangalore
2018.01 - 2021.01
- Enter all Daily transaction as GL and reconcile all control accounts in QuickBooks
- Enter Bank transactions by manual or prepare import file for Quick Books
- Payroll Processing and enter Payroll transactions into QB, create payroll liabilities and pay the withholding liabilities at due date to Federal (Form-941), NC DOR (NC-5) and SC DOR (WH-1605)
- Prepare US Sales and Use Tax report and posting the related entries into QuickBooks
- QuickBooks entry and reconciliations- Banks, Credit Card/Amex, Vendor Bills and Payment, Customer Invoice and Deposits
- Prepare monthly Schedules for P&L and Balance sheet items
- Maintain Schedules for Prepaid expenses and Fixed Assets
- Posting month end Accrual’s entries for Vendors, Payroll, Rent and Commission
- Entering Receivables as Buyback Invoice and Payment allocation in QuickBooks, and Match and close the open invoices
- Match the Inventory in Balance Sheet and Income & Cost of Goods Sold (COGS) in Profit & Loss details with point of sale
- Inventory Correction & Match the Inventory Balancing with point of sale
- Accounts Payable – Download and Entering the Vendor Bills and Credit Memo, Applying Vendor Payment, and Ad-hoc Invoice in Quick Books
- Accounts Receivables- Enter customer invoices, posting accrual entries for Commission, Review of Open Invoices and Match with the bank receivables in QuickBooks
- Finalization of accounts which involve drafting of Trail Balance, Profit and Loss Account class wise and Balance Sheet
- Opportunity to worked on new onboarded clients, attending the client calls, preparing the SOP’s
- Training and assigning work to new joiners and review the same
- Prepare MIS Reports per requirements, Cash Discrepancy, Credit Card Discrepancy, Progressive Discrepancy, Cash-out Summary, Pre cash, Q-pay, E-pay, Data Escape etc
- These reports also help to Quick Books Reconciliation
- Prepare monthly & annual financial reports, create comprehensive analytical reports and comparative graphs
- Updating day to day financial transactions and Check spreadsheets for accuracy
- Enter the AP Integration for ACH, Credit card and invoices entries in MS Dynamics GP
- Bank Reconciliation in MS Dynamic.
Education
MBA (Finance & IB) -
MVN University
01.2017
B.Com (Honours) -
Maharaja Agrasen College, University of Delhi
01.2015
12th -
B.N Public School
01.2012
10th -
B.N Public School
01.2010
Skills
- QuickBooks (Online and Desktop version)
- Sage-Intacct
- MS-Dynamics GP
- ZOHO Books
- MS Dynamics 365-Business Central
- Tally ERP 9.0
- MS Office (Advance MS Excel)
- US Payroll
- US Accounting
Accomplishments
- Quick Books Online Certified
- Bill. Com Certified
- Advance MS-Excel Certified
- Gusto Payroll Certified – US Payroll
- Completed Accounting Foundation: Understanding the US GAAP course and certified through LinkedIn learning.
- Passed LinkedIn Assessments of Microsoft Excel with above 70 percentiles.
- Certified in Financial Analyst course 2020. (Financial Statement Analysis, Business Analysis, Financial Math, Loan Schedule, Ratio Analysis, MS-Excel)
- In 2019 Promoted as a Senior Process Associate in 1st organization (Lotus) after completion of 11 months.
- In 2022 Got the Star Performer award in 2nd Organization (VBeyond) for the Month of February.
- In 2023 Promoted as a Senior Consultant in 3rd organization (Withum) after completion of 1 year.
Internship
Escorts Pvt. Ltd., Finance, 1 Month, Online Filing of Income Tax Return.
Personal Information
- Father's Name: Mr. Sant Ram
- Date of Birth: 11/21/93
- Marital Status: Married
Personal Strength
Confident & Positive Attitude, Quick Learner, Good Communication Skills, Team Management.
Passport
Yes (P4326930)
Languages
- English
- Hindi
Extracurricular Activities
Participated in a science Quiz Competition at M.V.N University and holding 2nd position Participated in a PowerPoint Presentation Competition at M.V.N University and holding the 2nd position.
Training
Dsquare Technologies, Advance Diploma in Accounts & Finance with Indian Payroll Management System, December’ 2017 (1 week), Advance Financial System: Capital Structure, Dividend Policy, Working Capital Management, Introduction to Accounts: Journal entries, Ledger, Final Accounts of Company, Income Tax, Income from Salary: HRA Calculation, Encashment of earned leave, Gratuity, Pension, Tax Calculation Reports, Investments, Arrears Calculation, Tally 9: Tally at a Glance, Creation of a new company, Function key combination, Types of accounting Vouchers, GST., Practical, Income Tax Report, PF Statement, ESI Statement, Tally ERP.9, Balance Sheet, Form 16, & Salary Slip, PT / PF Calculation,TDS, Service Tax, Excel Value Addition: VLOOKUP, HLOOKUP, PIVOT, Subtotal, insert a comment, Upper, lower, Proper, Unique & Concatenate.
Disclaimer
I hereby declare that the above-furnished details are true with proven records.
Languages
Hindi
First Language
English
Proficient (C2)
C2
Timeline
Senior Consultant (Advisory, OASyS)–US Accounting
WithumSmith Brown India LLP- (WITHUMSMITH+BROWN PC, USA)
2022.04 - Current
Senior Executive Accounts (US Ops)
Vision Beyond Resource India Pvt. Ltd
2021.01 - 2022.04
Senior Process Associate (US Accounting, Payroll and Sales Tax)
Smartlytics Innovations Pvt Ltd (Lotus Group of Companies, USA)
2018.01 - 2021.01
MBA (Finance & IB) -
MVN University
B.Com (Honours) -
Maharaja Agrasen College, University of Delhi
12th -
B.N Public School
10th -
B.N Public School
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