Summary
Overview
Work History
Education
Skills
Accomplishments
Software
Interests
Timeline
Hi, I’m

Shankar Devaraj

Accountant and Tax Specialist
Bengaluru

Summary

Accountant leading end-to-end accounting operations with Zoho Books, AR/AP management, and month-end close control. Prepares financial statements, MIS reports, reconciliations, and audit support while maintaining inventory controls for high-turnover products and aligning crop production with sales forecasts. Partners with management on variance analysis, statutory compliance, and process improvement while guiding junior accounting staff.

Overview

3
Languages
9
years of professional experience

Work History

Earthistic Produce

Accountant
12.2024 - Current

Job overview

  • Led and managed end-to-end accounting operations using Zoho Books, ensuring accuracy, completeness, and compliance with statutory and internal controls.
  • Supervised bank, cash, and ledger reconciliations, identifying variances and ensuring timely resolution.
  • Monitored and controlled Accounts Receivable and Accounts Payable, including ageing analysis, cash flow planning, and payment prioritisation.
  • Prepared, reviewed, and presented financial statements (Profit & Loss, Balance Sheet, Cash Flow) and MIS reports for senior management.
  • Managed and controlled accounts, journal entries, accruals, provisions, and period-end adjustments to ensure accuracy and compliance.
  • Coordinated with statutory auditors, internal auditors, and tax consultants during audits and assessments.
  • Ensured data integrity, compliance with accounting standards, and effective system controls within Zoho Books.
  • Guided and reviewed the work of junior accounting staff, ensuring adherence to processes and timelines.
  • Coordinated with statutory and internal auditors, and tax consultants to facilitate smooth audits and assessments.
  • Acted as a key finance partner to management by providing financial insights, variance analysis, and decision support.
  • Identified and implemented process improvements and automation opportunities to enhance efficiency within accounting operations.
  • Implemented batch-level inventory controls using the FIFO method to maintain product quality and shelf-life compliance.

Datamatics Business Solutions

Tax Preparer (US)
06.2022 - 08.2024

Job overview

  • Form 1040 – U.S. Individual Income Tax Returns
  • Prepared Form 1040 U.S. individual income tax returns for residents in compliance with IRS guidelines.
  • Prepared related schedules including Schedules A, B, C, D, E, and SE.
  • Evaluated eligibility for itemised deductions, standard deductions, and applicable tax credits.
  • Calculated and reported capital gains and losses, foreign income, and credit carry-forwards.
  • Form 1065 – U.S. Partnership Tax Returns
  • Reviewed Form 1065 (U.S. Return of Partnership Income) ensuring compliance with Internal Revenue Code and IRS regulations.
  • Analyzed partnership agreements to ensure precise allocation of income, losses, and capital accounts, enhancing accuracy in partner reporting.
  • Prepared and validated Schedule K-1 for partners, ensuring proper classification and reporting of income and deductions.
  • Reconciled book income to taxable income and prepared Schedules M-1, M-2, and M-3, as applicable.
  • Reviewed and reported guaranteed payments, partner contributions, distributions, and capital roll-forwards.
  • Implemented prior-year carry-forwards and adjustments, ensuring consistency and accuracy across filings.
  • Coordinated with clients and internal teams to gather necessary documentation, resolving data discrepancies to facilitate timely and accurate tax filings.
  • Utilised professional tax software(Ultra tax, CCH tax and Lacerte tax) to prepare, review, and electronically file partnership returns.

Flatworld Solutions Private Limited (AOPL)

Tax Consultant
12.2021 - 05.2022

Job overview

  • Form 1040 - US Individual Income tax return
  • Analyzed tax regulations to ensure compliance and minimize client liabilities.
  • Developed tax strategies to optimize client financial outcomes and enhance efficiency.
  • Led client consultations to identify unique tax needs and provide tailored solutions.
  • Led tax preparation processes, ensuring accuracy in filings and adherence to deadlines.
  • Conducted thorough reviews of client documents to identify potential deductions and credits.
  • Facilitated smooth communication between clients and taxing authorities during inquiries or disputes, achieving favorable outcomes.
  • Streamlined tax preparation process for increased efficiency and accuracy.

Sacredtress Advisory Private Limited

Accounting and Finance Intern
06.2018 - 02.2020

Job overview

  • Compiled data for monthly journal entries and assisted in the month-end close process.
  • Drafted correspondence on accounting matters, facilitating timely invoicing and payment processing.
  • Monitored daily cash transactions to ensure sufficient funds were available throughout the day.
  • Processed customer payments through online banking systems while verifying accuracy of payment amounts against invoices received.
  • Reviewed bank statement activity to ensure accuracy of account balances.
  • Compiled data for monthly journal entries, contributing to accurate financial reporting during month-end close.
  • Reconciled expenses and financial records, ensuring accuracy in bank deposits by verifying and balancing receipts.
  • Participated in special projects directed by senior staff members.

Accenture Solutions Pvt Ltd (Service Provider)

Process Associate
12.2017 - 06.2018

Job overview

  • Transaction Process Associate
  • Managed quote creation and invoice validation process to ensure accurate invoicing and compliance with customer requirements.
  • Ensured accuracy of invoices through validation processes. Communicated and facilitated the submission of invoices to vendors by providing necessary information.
  • Provided supporting records and documentation during audits to facilitate thorough review and compliance.
  • Organized and maintained a comprehensive invoice database using Excel. Implemented real-time updates for tracers and internal immigration tools.
  • Analyzed workflows, identifying bottlenecks and optimizing processes.
  • Analyzed workflows to identify bottlenecks and optimized processes for improved operational effectiveness.

Education

BES GROUPS OF INSTITUTE (IGNOU)
Jayanagar 4th Block, Bengaluru

Master of Commerce from International Business Management
01-2023

University Overview

BES GROUPS OF INSTITUTE (IGNOU)
Jayanagar 4th Block, Bengaluru

Post Graduate Diploma from International Business Operation
01-2022

University Overview

VIJAYA DEGREE COLLEGE, R V Road, Basavanagudi
Bengaluru

Bachelor of Commerce from Accounting And Taxation
05-2017

University Overview

Scholarship Recipient

VIJAYA PU COLLEGE, R V Road, Basavanagudi
Bengaluru

Second Pre-University in Business, Accountancy, Statistics And Mathematics from Accounting And Finance
04-2014

University Overview

Scholarship Recipient, Qualified in Distinction, Ranked in Top 10% of class

Skills

Accounts payable and accounts receivable management

Financial statement preparation

Month-end close

Cash flow analysis

Inventory management

Bank reconciliation

Internal controls

Audit support

General ledger reconciliation

Tax compliance

Cost accounting

MIS reporting

Accomplishments

Accomplishments
  • Awarded as rising star of the month in October - November (2022), March - April (2022) and October - November (2023) for providing quality work in the US CPA tax team in Datamatics.
  • Appreciation Certificate for Participating in the Terrestrial Sports held at Basavanapura, Ramanagara District by Department of youth empowerment and sports, General Thimmayya National Academy of Adventure (GETHNAA) - NSS Team.
  • Actively participated in volunteering to social activities like Blood donation, Student tutoring mentoring, Adult educations, Cleaning camps, etc.
  • District level rank holder and gold medalist in International Chinthana Mathematics Examination conducted by Chinthana Prakashana, Karnataka, at class five

Software

Tally ERP 9 (Accounting)

Zoho Books (Accounting)

CCH ProSystem (Tax)

CCH (Tax)

Ultratax (Tax)

Oracle ERP (Accounting)

Interests

Travelling, Quizzing, Online Listening Music and Stories, Reading Newspaper and Books

Timeline

Accountant
Earthistic Produce
12.2024 - Current
Tax Preparer (US)
Datamatics Business Solutions
06.2022 - 08.2024
Tax Consultant
Flatworld Solutions Private Limited (AOPL)
12.2021 - 05.2022
Accounting and Finance Intern
Sacredtress Advisory Private Limited
06.2018 - 02.2020
Process Associate
Accenture Solutions Pvt Ltd (Service Provider)
12.2017 - 06.2018
VIJAYA DEGREE COLLEGE, R V Road, Basavanagudi
Bachelor of Commerce from Accounting And Taxation
BES GROUPS OF INSTITUTE (IGNOU)
Post Graduate Diploma from International Business Operation
BES GROUPS OF INSTITUTE (IGNOU)
Master of Commerce from International Business Management
VIJAYA PU COLLEGE, R V Road, Basavanagudi
Second Pre-University in Business, Accountancy, Statistics And Mathematics from Accounting And Finance

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Shankar DevarajAccountant and Tax Specialist