SANTOSH KUMAR SAHOO
Cuttack
Summary
Offering 18+ Years of rich accounting experience across the industry. Proven expertise in streamlining the accounting domain with a focus on authenticity and accuracy. Core competencies in Accounts Receivable c Payable, Vendor Management c Reconciliation, Credit control, Service accounting Functioning, Employee Reimbursement claim management, Cash Management, Tax compliance, Bank Reconciliation, General Ledger Reconciliation, c Prepare MIS reports as desired by Management. Enthusiastic Accounts Payable Manager with over a decade of accounting experience. I am highly proficient in financial strategy development and system implementation. Originally driven by a successful team performance.
Overview
21
21
years of professional experience
1
1
Certification
Work History
Deputy Manager, Finance c Accounts
TEKNODOME INDIA PRIVATE LTD
Noida, UP
01.2024 - Current
- Responsible for the maintenance of all India vendors & Customer Master.
- Verification after processing the transporters, service claims, Utilities claims & Employee Reimbursement of all India Branches & service centers.
- Processing of Purchase Bills of Vendors after verification as per the agreement & policies by the team.
- Compared purchase orders, prices, terms of payment & other charges. Verified & investigated discrepancies and issues the Debit Note.
- Review of an advance payment & PDC to the Vendor as per the PO criteria.
- Making payments to all Vendors, payments as per due date & making large reconciliation & open items adjustment work.
- Handling Large vendor Ageing Report Analysis & Management of fund planning every week.
- Worked with compliance issues Like GST 2B reconciliation, TDS deduction regarding accounts payable process & ensured timely production of monthly supplier statements reconciliations.
- Prepared monthly & quarterly MIS reports, including variance analysis, revenue tracking, expense monitoring, and key performance indicators.
- Providing inputs to identify and highlight deviations & formulating corrective action plans and reports.
- Supervising daily operations to ensure accurate, timely invoicing and minimizing revenue leakage.
- Implementing debt collection policies, setting KPIs, and negotiating with clients on overdue accounts.
- Reviewing and setting credit limits for new and existing customers.
- Approve credit notes, TD discounts, schemes, and sales returns as per company policy.
- Prepare MIS reports on receivables, ageing trends, bad debts.
- Drive timely collections and reduce DSO through structured follow-ups by the team and the escalation Mechanism.
- Preparing monthly, quarterly, or annual reports on payment collections and ageing balances.
- Managing the monthly close of accounts payable information and supporting the accounting team with reporting and analysis; assisting with the preparation of the year-end audit file and liaising with auditors.
- Prepare Branch wise & vertical-wise Budgets (Expenses & revenues) & review for variance Analysis of Actual MIS generated.
- Manufacturer of IT components and consumer electronics
Asst Manager for Accounts Payable c Receivable
INTEX TECHNOLOGIES (INDIA) LTD
New Delhi
06.2008 - 01.2024
- Managed the CIS opening of all India service vendors & Purchase Vendors.
- Processing of Claims Bill of Vendors after verification as per the agreement & policies.
- Processing of PO & Non-PO based Purchase bills & making MIRO entry.
- Team handling for processing of Employee reimbursement of (Travelling, conveyance & Mobile reimbursement), Freight claims, Rent, Admin Exp & Branch Exp.
- Handling Large vendor Ageing Report Analysis & Management of fund planning.
- Making payments to all India Service Vendors, making online payments as per the due date & making large reconciliation & open items adjustment work.
- Closure Settlement of vendors & customers as per policies & procedures.
- Managing timely & accurate processing of Invoices/bills, detection of billing discrepancies.
- Handling large Ageing Customer Overdue Report Analysis & coordination with the Branch team.
- Responsible for collection, PDC Cheque & security details from channel partners.
- Update the Credit limit for Service channel Partners as per the Policies.
- Supervised the team for collection from customers & depositing the cheques on time.
- Preparation of Bank Reconciliation on daily basis & Cash management & Day-to-day cash handling.
- Issuing Dr /Cr Note & schemes, Settlement of queries from all India Service partners & distributors.
- Controlling & processing the DOA settlement issues, & TD discount settlements as per Policy.
- Efficiently preparing settlement of Vendor & Customer & ledger Reconciliation.
- Ensuring the service partners conduct operations as per policies & guidelines released by the company, reviewing them from time to time, & its improvements.
- Final review of vendors and Rate Contracts, payment to Suppliers and agreement for service Channel Partners.
- Verifying & analyses of service recycling process (Melting), Conversion, in-house, internal store movement reports, Vertical-wise Consumption reports & Stock Ageing Report.
- Satisfy to our vendor & customers regarding mismatch after reconciliation of state-wise GSTR2B, TDS Compliance issues for all India channel Partners & vendors.
- Assists in closing the month-end closing Provision work.
- Demonstrated success in streamlining accounting processes and enhancing team efficiencies, which boosted overall financial performance.
- Leading technology company providing IT & Consumer durable Products
Accounts Officer
CMG BIOTECH PVT LTD
New Delhi
10.2005 - 05.2008
- Maintained all books of accounts and ledgers, reporting to management.
- Passed import purchase bills and managed foreign payment entries.
- Efficiently preparing settlement receivable & payable ledger of all party A/c.
- Responsible for ascertaining TDS, VAT / Sales Tax Assessment & making the return file efficient.
- Ensuring proper documentation and execution for all stock control & credit controls.
- Making entries of all expenses in the books of accounts.
- Payment to all Vendors & Employees.
- Upload the travelling budget all Br. emp & processing emp. travel & conveyance claim.
- Preparation of Scheme Backhand & Quarterly Scheme for Distributors.
- Coordinated monthly payroll functions for employees.
- Preparation of Scheme Backhand & Quarterly Scheme for Distributors.
- Preparing Bank Reconciliation Statement.
- Analyzing the financial statements, identifying risks relating to financial reporting and performing relevant audit procedures.
- Controlling the Office administrative work.
- A biotechnology company focusing on research and development
Education
MASTER OF BUSINESS ADMINISTRATION - Finance & Marketing
Utkal University
Odisha01.2004
BACHELOR OF COMMERCE -
Utkal University
Odisha01.2001
Skills
- SAP (FICO)
- Tally
- ERP
- Dynamic 365
- Accounts payable
- Accounts receivable
- General ledger accounting
- Invoice processing
- Month-end reporting
- Expense tracking
- Supply chain coordination
- Taxation knowledge
- Inventory auditing
- Vendor reconciliation
- Budget forecasting
- Self-motivated
- Strategic advice giving
Certification
- Tally Graduate from Tally Solution
- SAP Training from WEBCOM, Software training institute in New Delhi
Languages
English
Hindi
Oriya
Disclaimer
I do hereby declare that the information furnished above is true to the best of my knowledge and belief.
Hobbies and Interests
- Finding joy and inspiration in music
- Enjoy exploring new destinations and cultures through travel
- Staying updated with the latest advancements in technology
Timeline
Deputy Manager, Finance c Accounts
TEKNODOME INDIA PRIVATE LTD
01.2024 - Current
Asst Manager for Accounts Payable c Receivable
INTEX TECHNOLOGIES (INDIA) LTD
06.2008 - 01.2024
Accounts Officer
CMG BIOTECH PVT LTD
10.2005 - 05.2008
MASTER OF BUSINESS ADMINISTRATION - Finance & Marketing
Utkal University
BACHELOR OF COMMERCE -
Utkal University