Shriram Bhalerao

• Reported directly to global director
• Utilised Zoho and QuickBooks systems
• Handling end-to-end accounting for the US, Germany, and India.
• Led monthly, quarterly, and yearly closing processes
• Prepaid, Accrual, GL, Intercompany Journal posting
• Reconciled monthly bank statements and resolved discrepancies.
• Handle the accounts payable, accounts receivable, and general ledger accounting team of three people.
• Prepare weekly vendor payment batch.
• Monthly vendor reconciliation.
• Monthly customer invoicing.
• Processed travel reimbursements and customer invoices
• Weekly follow-up with the sales manager for outstanding customer payments.
• Led the monthly process, ensuring timely completion of tasks according to the calendar.
• System implementation and QuickBooks to Zoho Books migration for India entity.
• Prepare balance sheet reconciliation, ensuring accuracy and tying it to the trial balance.
• Conducting monthly income statement flux analysis to identify and explain variances.
• Performing accurate accounting for fixed assets (addition, depreciation, asset transfer, and retirement of assets).
• Prepare the monthly FA roll forward for reporting.
• Maintain CWIP details and track every month.
• Maintain and update Prepaid Schedule every month.
• Prepare expired prepaid accrual, PO and non-PO accrual, training, and HR accrual on a monthly basis.
• Prepare cash reconciliations for India, Germany, and the US weekly.
• Clear the open item for cash reconciliation, and update the reconciliation on a weekly basis.
• Update internal control documents, flow charts, SOPs, and approvals for SOX audit purposes.
• Prepare a schedule for auditors as necessary.
• Handled in-house quarterly TDS return and monthly payment
• Monthly PF, PT, TDS, and GST payments as per the due date.
• Monthly GST reconciliation and return filing (2A, 3B).
• Yearly GST Audit Form 9 and 9C.
• Complete Stat, Tax, and TP audit within the due dates.
• Implemented Ramp for US AP invoice processing.
• Process US AP invoices through RAMP with proper approval metrics.
• Monthly US closed entries such as Prepaid, Accrual, Depreciation, FA Addition, and deletion.
• Prepare US P&L flux analysis, explaining the variances greater than 5%.
• Update the balance sheet reconciliation.
• Prepare the US closed package for Management Review.
• Post Germany payroll entries, and post India and Germany cost-plus invoices in US books.
• Intercompany reconciliation between India, the US, and Germany.
• File 1099 annually with the IRS.

• Manager Accounting System :- NetSuite & Coupa
• Work Experience: -
• Complete assigned monthly close task accurately and on time
• Prepare Journal Entries related to Prepaid, Accrual, Intercompany etc
• Prepare Balance-sheet Recon
• Monthly CIP Review sent email to end user for Asset deployment & get confirmation for Asset Additions
• Monthly FA Recons, FA Roll Forword
• Quarterly Asset Disposal
• Manage all function of AP with 2 AP team members, ensuring timely processing of Invoices,
• Payment to Vendors & responding to queries to vendors
• Assist with Monthly, Quarterly Reporting & doing Flux Analysis
• Monthly Prepaid Addition & Posting PPD Entries Track PPD Schedule & Recons
• Monthly Open PO Accruals for Cap, Non-Cap & Opex related
• Timely complete Balance sheet Recon
• Support to resolve Sox Audit quires
• Maintain Evidence related Sox Audit like Mail Approval, Supporting Back ups for Workings

• R2R Reporting: - CFO
• Work Experience: - BAAN (INFOR LN) ACCOUNTS FINALIZATION, MONTH END, MIS, AUDIT, TAXATION
• Prepare and post Accrual, prepaid, and GL Related Entries and Post
• Perform all periodic processes related to closed like AP, FA, BRS, and GL Closed activity
• Maintain all Backups and approvals related to theJournal for Audit purposes (Sox)
• Balance sheet ledger Scrutiny and Rectifications (Tax ledgers, Payroll Ledgers, FA Ledgers)
• system migration from tally to Baan system
• Prepare chart of Accounts in Baan, Transaction Types, BU, Cost Center
• Verify the Payroll register before processing the employee salary (Salary TDS)
• Preparation monthly closing entries like Prepaid, depreciation, Accruals, Bank related entries
• Yearly Physical verification of Fixed Assets

Oracle R12 Accounts & Taxation

• Preparation of Global cash recons (40 BRS) Lockbox, ACH Bank Receipts and Other journal entries
• Highlighted Open item in Recon to Concern team and take the follow to resolves ASAP
• Preparation of Balance sheet ledger Reconciliation after month end and Submit in ARM for Approval
• Preparation & Posting of Fixed Cost Accruals during month end
• Manage Fixed Assets- Recorded the acquisition, sale and depreciation of fixed assets
• Preparation of various Prepaid Account Schedules and their Amortization
• Preparation of Profit & Loss Account & Balance sheet Schedules
• Preparation of India BRS and Balance Recon and Submit in ARM tool
• Preparation of Journal Entries with proper Back up as per SOX compliance
• Maintain Documents & Approval email for IFC Compliance
• Prepare and post all month close related entries with backups in oracle
• Standardize the process for Prepaid & FA maintain their Monthly Schedule
• Scrutinized the Balance sheet GL & find out the open item, doing the follow up regarding & clear the same
• Co-ordinate with Auditors to Complete the Stat, Tax Audit

• Oracle R11
• Month End Reportings/Taxation/Accounting: -
• Preparation & Posting of Fixed Cost Accruals during month end
• Manage Fixed Assets- Recorded the acquisition, sale and depreciation of fixed assets
• Preparation of various Prepaid Account Schedules and their Amortization
• Preparation of Profit & Loss Account & Balance sheet Schedules
• Monthly TDS Health Check & Payment, Quarterly TDS Return, generation of Form 16 A
• Submission of monthly MPR,Softex, QPR & yearly APR
• Submit the data to Consultant for GST return
• Preparation of India & Global Bank Reconciliation
• Preparation of Journal Entries with proper Back up as per SOX compliance

-Work in Implemention Project of BAAN LN with TCS Team

- Migrated all accounting from Tally to BAAN LN

-Preparation of Monthly MIS

- File VAT,TDS & Service Tax return

-Create SQL quries in the System for getting data for MIS

- Manage Physical Inventory Audit Quarterly

- Support Internal & External Audit

- Mangae Payroll processing Monthly

-Payment of PF, PT TDS on Monthly basis

- Managed the accurate and timely processing of invoices for large, multi-site organisations. Assessed and closed A/P sub-ledger on a monthly basis, validated content and resolved various issues

- Processed credit memos, travel vouchers and expense reports

- Weekly Payment run

- Vendor ledger analysis & Reconciliation

- Assists auditors for the purpose of providing support and documentation on internal processes for accounts payable

- Assisted in Month End Closing and Year end close.