Sharad Kumar

Associate (Record to Report & Shared Services) March 2013 to December 1, 2017, and March 5, 2018 – Present - Wal-Mart India Pvt Ltd, Bangalore.

1. Record and report:

Capitalization of assets as per policy.

Prepare FAR, Schedule, Schedule VI, and Asset Sale Schedule of Fixed Asset.

MIS – Depreciation Reasonability, CWIP (Aging) of Fixed Assets.

Review of the shortage and extra found the assets during the physical verification.

Scraping of assets at the store and recording profit and loss in the system.

Store assets analysis with another store from a different angle.

Prepare the SOX Control (Sarbanes-Oxley Act) document and upload it to the software.

Assist in monitoring and controlling department costs, and ensuring proper provisioning for financial reporting.

Manage end-to-end invoice processing, ensuring timely and accurate recording of transactions.

Assist in the smooth closure of statutory, internal, and tax audits by providing required documentation and data.

Address internal query for analysis of P&L and Balance Sheet GL.

Ensuring the completeness and accuracy of financial entries, and adherence to accounting policies.

Review all the expenses head-on on a monthly basis to maintain financial health.

Taking confirmation on the Balance Sheet Schedule from the respective team.

Liaising with the internal and statutory auditors for the closure of the audit.

2. Shared Services and Vendor Reconciliation (Accounts Payable):

Provide support for effective cash flow management, ensuring timely payments, and maintaining healthy financial liquidity.

Maintaining a MIS/payment tracker based on invoice submissions.

Oversee accurate accounting of payable transactions, and review the invoice tracker regularly.

Address and resolve day-to-day queries related to payments, invoices, and vendor communications.

Identify and recommend improvements to the process to increase efficiency, accuracy, and cost-effectiveness.

Perform regular vendor reconciliations, ensuring the accuracy and completeness of transactions between the company and its suppliers.

Collaborate with internal departments (purchasing, BizFin, etc.). To resolve vendor issues and improve reconciliation processes.

Provide support during internal and external audits by providing accurate vendor account reconciliations, and supporting documentation.

3. Accounts Receivable:

Managed the full cycle of accounts receivable, including invoicing, payment collection, and aging report generation.

Reconciled daily sales account versus collection.

Prepared and analyzed weekly and monthly aging reports to identify overdue accounts and initiate follow-up actions.

Managed the collection of outstanding payments, proactively following up with credit customers via phone and email to ensure timely payment.

Communicated with the payment gateway company regarding overdue, recoverable, and resolved disputes.

Processed payment gateway charges invoices after verifying with collection and charges.

Assisted in the month-end closing process by ensuring all payments were applied, and discrepancies were resolved prior to reporting.

Reduced outstanding receivables by 70-80% within the time frame by implementing a proactive collections strategy.

• Assist in monitoring and controlling department costs and ensuring proper provisioning for financial reporting
• Manage end to end invoice processing ensuring timely and accurate recording of transactions
• Provide support for effective cash flow management, ensuring timely payments and maintaining healthy financial liquidity
• Maintaining a MIS / payment tracker based of invoices submission
• Oversee accurate accounting of payable transactions and review regularly invoice tracker
• Address and resolve day to day queries related to payments, invoices and vendor communications
• Reconciliation of sales on daily basis along with Tender recoverable

• Paying out representatives and supplier and updating the same on ERP – Tally
• Bank and Vendor Reconciliation
• Preparing Monthly Bank Stock Statement
• Prepare Monthly Claim paper and same update on oracle
• Prepare Monthly VAT & Service Tax & TDS details and pay accordingly closing date
• Maintain all documented system of accounting policies and Procedures
• Handling and ensuring smooth month end activity
• Achieved earliest month end closing within 3 working days
• Achieved Statutory Audit closing timelines
• Awarded Best Accountant of 2012-20013 by Techno Automobile to receive maximum Insurance claim against accidental case