Sanketh D
Tax Accountant
Bengaluru
Summary
Experienced finance professional with a strong background in finance, accounting, and taxation. Proven expertise in taxation, audit, financial statements, and regulatory compliance. Skilled in managing accounting practices, project reporting, and purchase orders. Demonstrated ability to handle ROC and MCA filings for private limited companies, ensuring statutory compliance. Proficient in financial analysis, budgeting, and forecasting. Strong leadership in audit, client management, and process improvement. Expertise in Microsoft Dynamics - Business Central, Tally ERP, and advanced accounting software. Committed to delivering accurate financial reporting and providing valuable insights for informed decision-making. Passionate, perceptive, and dedicated to driving operational excellence and maintaining financial integrity.
Overview
8
8
years of professional experience
12
12
years of post-secondary education
3
3
Languages
Work History
Tax Accountant
Total Energies - Bellfast India Private Limited
10.2022 - Current
- Filing of GST, TDS and Income Tax Returns
- Compute income tax and manage all related forms
- Reconcile Form 26AS/AIS
- Perform GST reconciliations
- Assist auditors by providing necessary records and documentation
- Prepare and posting of journal entries
- Oversee general accounting practices
- Manage month-end closing activities
- Conduct monthly flux reporting
- Prepare accurate financial statements
- Perform bank, customer, and vendor reconciliations
- Ensure timely and accurate reconciliations of accounts
- Perform reconciliations for accrued liabilities, prepayments, forex, payroll, and current receivables and payables
- Successfully managed and resolved tax notices and scrutiny cases.
- Prepare and Analyze project-wise profit and loss statements
- Assisted with implementation of timely, cost-effective state tax planning strategies designed to create value and enhance company's worldwide tax position.
- Review and Approval of Sales and purchase invoices before posting to ensure accuracy and compliance
- Review all ROC (Registrar of Companies) and MCA (Ministry of Corporate Affairs) filings for seven private limited companies to ensure compliance with statutory requirements
- Incorporated and Handling all above process of 7 Private Companies for Total Energies Group
- Recorded, classified and summarized financial transactions and events in accordance with accounting principles.
- Examined accounts and records and computed tax returns according to prescribed rates, laws and regulations.
- Prepared federal and state income tax returns for individuals, businesses, trusts, estates and non-profits.
- Managed multiple tax projects simultaneously, ensuring deadlines were met.
- Performed tasks under limited supervision related to income tax compliance such as returns, extensions, forecasts and tax provisions for business sectors and corporate heritage business units.
- Performed analysis on inventory, accounts receivable and accounts payable balance sheet accounts.
- Played a key role in the successful completion of several high-stakes audits, utilizing strong analytical skills to identify discrepancies and recommend corrective actions.
- Prepared comprehensive reports detailing findings from audits or investigations, helping clients make informed decisions about their finances.
- Conducted thorough reviews of financial records to ensure accuracy in reporting income, deductions, and credits.
Senior Manager - Accounts, Audit & Tax
APN & Co Chartered Accountants
07.2020 - 07.2022
- Lead teams in statutory, internal, and stock audits
- Handle direct and indirect taxation, from data procurement to filing
- Prepare, review, verify, and post journal entries
- Ensure integrity through proper accounting, signatories, and approval processes
- Assist with audits by providing necessary records and documentation and preparing financial and statistical reports
- Respond to client queries within the agreed turnaround time
- Collaborate with teams to identify, support, and implement quality and continuous improvement initiatives
- Handle responsibilities in financial analysis, general ledger (R2R), and bank processes
- Create recurring journals as required
- Handle forex revaluation and prepare forex rates (spot and cover rates) monthly
- Manage AP/AR (vendor and customer payment) reclassification monthly
- Prepare balance sheets, income statements, and reports per GAAP standards
- Analyze balance sheet movements and post reclassification entries
- Analyze, prepare, and present trial balance reviews to clients
Associate Manager
Agarwal Chartered Accountants
06.2017 - 07.2020
- Handle and maintain relationships with clients, addressing their financial and accounting needs
- Prepare and review financial statements, ensuring they comply with accounting standards and regulations
- Assist in planning and conducting internal and external audits, ensuring accuracy and compliance with legal requirements
- Provide support in tax planning and compliance, including the preparation and filing of tax returns
- Ensure the firm and its clients comply with relevant laws, regulations, and guidelines
- Assist in the preparation of budgets and financial forecasts, helping clients plan for their financial future
- Identify and mitigate financial risks for clients, providing strategies to manage them effectively
- Mentor junior staff and trainees, providing guidance and support in their professional development
- Prepare and deliver financial presentations and reports to clients, explaining complex financial information in an understandable manner
- Identify opportunities for process improvements within the firm, suggesting and implementing changes to enhance efficiency
Cost Accountant - Apprentice
Jindal Steel Works Projects Ltd
10.2016 - 04.2017
- Gain knowledge about various cost accounting methods and principles used within the organization
- Assist in gathering financial data from different departments to support cost analysis
- Help in analyzing the cost structures and identifying areas where costs can be controlled or reduced
- Assist in preparing budgets and forecasts to ensure effective financial planning
- Learn how to analyze variances between actual and budgeted costs and understand the reasons behind these variances
- Support in preparing cost reports and management reports that help in decision-making
- Learn about inventory costing methods and assist in inventory valuation processes
- Understand and ensure compliance with relevant financial regulations and accounting standards
- Gain proficiency in accounting software and other financial tools used by the organization
- Participate in continuous improvement initiatives to enhance cost efficiency and effectiveness within the organization
Education
Master of Commerce -
Indira Gandhi Open University
Open University 06.2023 - Current
Cost and Management Accountant (CMA) -
Institute of Cost Accountants of India
Pune 06.2013 - 12.2015
Bachelor of Commerce -
Davan Institute
Davangere, India 06.2010 - 06.2013
Pre University -
Athani Veranna College
Davangere, India 01.2008 - 03.2010
SSLC -
Bapuji High School
Davangere, India 01.2005 - 01.2008
Skills
- Financial Statement Preparation
- Financial Accounting
- Ensure Compliance with Tax Records
- Execute GST Reconciliation Processes
- Financial Audit Support
- Journal Entry Management
- Manage Accounting Operations
- Facilitate Month-End Reporting Processes
- Regular Flux Assessment
- Prepare Precise Financial Reports
- Timely Bank Reconciliation Management
- Facilitate Customer Account Reconciliation
- Facilitate Vendor Statement Reconciliation
- Efficient Account Balancing
- Analyze Profit and Loss by Project
- Sales Invoice Validation
- Tax Compliance Analysis
- Tax Policy Development
- Corporate Tax Compliance
- Auditing
- Experienced with Microsoft Dynamics
Personal Information
- Date of Birth: 04/19/92
- Nationality: Indian
Timeline
Master of Commerce -
Indira Gandhi Open University
06.2023 - Current
Tax Accountant
Total Energies - Bellfast India Private Limited
10.2022 - Current
Senior Manager - Accounts, Audit & Tax
APN & Co Chartered Accountants
07.2020 - 07.2022
Associate Manager
Agarwal Chartered Accountants
06.2017 - 07.2020
Cost Accountant - Apprentice
Jindal Steel Works Projects Ltd
10.2016 - 04.2017
Cost and Management Accountant (CMA) -
Institute of Cost Accountants of India
06.2013 - 12.2015
Bachelor of Commerce -
Davan Institute
06.2010 - 06.2013
Pre University -
Athani Veranna College
01.2008 - 03.2010
SSLC -
Bapuji High School
01.2005 - 01.2008
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