Snehal Prashant Gothankar

Bank and Treasury Management.

• Daily Bank Reconciliation: Managed daily bank statements in SAP, and recorded all payments, bank fees, and charges.
• Loan and Interest Tracking: Updated loan and interest entries in the system based on bank repayment schedules.
• Foreign exchange: Recorded import/export payments, and tracked gains or losses from currency changes.

Accounts Receivable (Customer Side)

• Payment Processing: Recorded customer payments, and handled new customer account setups in SAP.
• Returns and Adjustments: Processed credit notes, sales returns, and handled tax (TCS) entries.
• Debt Management: Managed customer 'write-offs' and finalized 'Full & Final' settlements (BDC).
• Clearing: Regularly matched and cleared open entries for customers, vendors, and general accounts to keep the books accurate.

Reporting and Compliance.

• MIS Reports: Created daily and monthly collection reports for all India locations (zones and depots) to compare performance.
• Tax Reconciliation: I reconciled 26AS tax statements and passed the necessary entries in SAP.
• Expense Booking: Handled vendor invoices and expense entries using SAP codes, like FB60 and MIRO.
• Import Payments: Recorded payments received through the ICEGATE portal.

Accounts Payable and Vendor Management (Payments)

• Invoice and Payment Processing: Verified vendor invoices for accuracy, checked bank details (RTGS/NEFT), and prepared timely payments based on approval lists.
• Tax and GST Compliance: Checked TDS deductions and verified vendor GST status on the portal to ensure the company received proper tax credits.
• Vendor Maintenance: Coordinated with the SAP team to create new vendor codes and update TDS/contract details.
• Expense Tracking: Managed employee and site advances, sent email confirmations, and followed up for final invoices against advance payments.
• Rent and Deposits: Reviewed rental agreements to process payments, and tracked security deposits given to vendors.

Accounts Receivable and Income (Collections)

• Customer Accounting: Recorded customer payments in SAP, verified TDS deducted by customers, and created new customer codes.
• Reconciliations: Regularly matched customer ledgers (reconciliation), and cleared outstanding entries to keep accounts up to date.
• Sales Reporting: Prepared daily and weekly sales reports in the required formats for management.
• Credit Control: Handled 'Dispatch Clearance' based on payment terms, and issued TCS debit notes as required.

Banking and General Ledger

• Daily Bank Reconciliation: Matched SAP entries with bank statements, including remittances, bank charges, and fixed deposits.
• Ledger Scrutiny: Regularly reviewed SAP ledgers to identify and fix outstanding or incorrect entries.
• Tax Reconciliation: I reconciled Form 26AS with SAP entries to ensure tax records matched government data.
• Customs and Duties: Recorded customs duty payments and prepared Excel sheets for prepaid expenses.

Accounts Payable and International Accounting.

• Global Invoice Processing: Managed full-cycle AP for the USA and Canada regions, including booking invoices, processing advance payments, and issuing credit notes in SAP.
• Audit & Accuracy: Conducted daily internal audits using SAP T-codes (YEF1AP20, ZSE16) to identify and fix errors or duplicate entries before payment.
• Invoice Troubleshooting: Investigated and resolved blocked invoices (Code "R") using MRBR to ensure timely payments to vendors.
• Compliance: Verified all bills against company guidelines to ensure 100% accuracy, and followed strict processing timelines.

Banking, Clearing, and Adjustments

• Ledger Maintenance: Handled suspense account clearing, interim clearing, and compensated customer accounts to keep the general ledger clean.
• Vendor Adjustments: Managed vendor payment adjustments, and tracked inter-company (IC) reports.
• Advance Management: Handled the end-to-end process for advance payments, and followed up for final invoices to close open entries.

Reporting and Data Management

• MIS Reporting: Developed daily MIS reports for all regions to provide management with real-time financial updates.
• Regional Analysis: Extracted and analyzed the 'Open Webcycle' and 'AP to AP' reports specifically for North American operations.
• Duplicate Prevention: Ran daily "Potential Duplicate" reports to prevent overpayments, and maintain financial integrity.

Foreign Payments and RBI Compliance.

• International Payments: Processed foreign payments for services, subscriptions, and subsidiaries, following RBI (A2 mode) guidelines.
• Tax Compliance: Prepared and submitted Form 15CA on the Income Tax portal for all foreign remittances.
• Import/Export Management: Managed month-end provisions for imports, and monitored export debtors to ensure timely collections.
• Regulatory Filings: Monitored XOS (Export Outstanding Statements), and filed extension letters with banks as per RBI rules.
• Forex Adjustments: Handled foreign inward remittances, and reconciled exchange rate differences.

Investment and Vendor Management

• Mutual Funds: Managed the purchase and redemption process for company mutual fund investments.
• System Management: Created new vendors and assigned the correct tax codes in the Krypton System.
• Accounting Adjustments: Recorded write-offs/write-backs, and managed vendor credit notes and payment adjustments in SAP.

Strategic Improvements for Your Resume:

• Compliance Focus: Mentioning "RBI Guidelines" and "Form 15CA" shows you understand the law, which is a high-level skill.
• Krypton System: Including this shows you are adaptable to different software, not just SAP.
• Provisions and Month-End: Highlighting "month-end provisions" shows you understand the full accounting cycle and closing process.

Internal Audit and Stock Management.

• Club Audits: Conducted comprehensive audits for the MIG Club, focusing on financial accuracy, and process compliance.
• Compliance & Licensing: Performed physical verification of permit licenses, and reconciled physical stock records with Excise registers to ensure legal compliance.
• Asset Management: Maintained the Fixed Asset Register, ensuring all company property was accurately tracked and recorded.

Multi-Location Banking (HSBC)

• High-Volume Reconciliation: Managed monthly bank reconciliations, including Cash and Beta cash across 24 locations for HSBC Bank.
• Inter-Branch Accounting: Handled inter-branch reconciliations for six different locations to ensure all internal transfers matched.
• Tally Operations: Recorded all purchases, sales, and banking transactions using Tally ERP 9 for daily accounting.