Swetha Bandlapalli

Handled accounts payable and receivable operations for a NASDAQ-listed client using Oracle NetSuite software.

Daily Activities:

• Processed vendor bills (PO, Non-PO, share vendor expense distribution JEs).
• Application of customer receipts in the bank against customer invoices.
• Creating debit memos.
• Posted customer credit memos after proper approvals from revenue managers, and actioning AR-related tickets on a daily basis.
• Posting journal entries for all the payments and receipts in bank accounts on a daily basis.
• Vendor management activities, such as responding to vendor queries regarding payments, sharing remittance details.

Month end close activities:

• Preparation of trend variance analysis of the financial statements for the U.S. and U.K. subsidiaries in FloQast.
• Preparation of consolidated AP accruals based on the appropriate source documents per the US GAAP every month.
• Preparation of bank reconciliations every month.
• Maintained and updated critical vendor files, and prepared client-specific reports. Generated and reconciled accounts payable reports to vendor statements.
• Worked on audit requests from the client's external auditors.
• Posting month-end adjustment entries.

Client relationship and communication:

• Built and maintained strong client relationships through regular meetings, ensuring client satisfaction and long-term retention.
• Led weekly meetings with the client to discuss financial performance and address any concerns.

Accounting:

• Preparation of financial statements and books of accounts as per Schedule III and AS.
• Preparation of Monthly Financial Statements.
• Preparation of reconciliation statements of bank, debtors, and creditors accounts; performed accounting and verification of cash and bank transactions on a daily basis.
• Assisted in the weekly payment to vendors.

Taxation:

• Ensure timely preparation and filing of monthly GST returns, like GSTR-1, GSTR-3B, and comparison of ITC to be claimed with Form GSTR-2A, and filing of GST annual returns and audit under the GST Act, as well as the application for refund of GST claims.
• Ensure compliance with various statutory regulations, including payment and periodic filing of TDS, PF, ESI, and PT.

Statutory Audit:

• Conducted statutory audits for multiple private limited companies and nationalized banks.
• Handled tax audits for corporate and non-corporate clients.
• Executed internal audits for IT export-oriented companies, enhancing operational efficiency.

Accounting and others:

• Bookkeeping and preparation of financial statements for various entities.
• Assisted in responding to income tax assessment notices.
• Filing of documents and returns with the Registrar of Companies (ROC) – SPICe+, AOC-4, and MGT-7.

Taxation:

• Preparation and filings of Income Tax Returns and Tax Audit Reports for individuals and businesses (companies, firms, trusts, and LLPs); and filing of Form 15CA and 15CB.
• Guided clients on compliance with statutory regulations, including TDS, PT, PF, and ESI payments, and return filing.
• Ensure timely preparation and filing of monthly GST returns, like GSTR-1, GSTR-3B, and comparison of ITC to be claimed with Form GSTR-2A, and filing of GST annual returns and audit under the GST Act, as well as the application for refund of GST claims.