Vaibhav Talawnekar

• Drafted and implemented Standard Operating Procedures (SOP) for the submission of bills, purchase orders, and work orders.
• Ensured the effective adoption of standardized accounting practices and instructions, streamlining accounting processes.
• Configured the Tally ERP edit log to ensure all entries were properly recorded and complete. Managed and optimized the payment cycle for advance purchases, work orders, and bill payments, ensuring timely and accurate transactions.
• Conducted monthly reviews of Form 34A TDS and prepared detailed TDS reconciliation workings.
• Reviewed bills and advance payments to ensure accurate mapping to the appropriate cost centers.
• Analyzed fund flow and ensured accurate allocation of funds across relevant accounts or projects
• Prepared and reviewed bank reconciliation statements on a daily basis.
• Conducted thorough review of Tally entries to ensure accurate accounting of TDS and GST, along with timely payment and return filing.
• Assisted the firm in digitizing processes and systems during the implementation of SAP. Supported the SAP team in integrating various modules, ensuring the application of the maker-checker concept, and facilitating the seamless integration of different modules under one unified SAP system.

Associate: BDO India LLP

Internal Audit

• Executed internal audits for prominent clients, including Vianaar Homes Pvt. Ltd., Chowgule Industries Ltd., Fomento Group, Vedanta Ltd., and Sai Service Pvt. Ltd. Assessed Internal Control Systems (ICS), identified procedural gaps and deficiencies, and evaluated compliance with RERA Rules, 2017.
• Recommended corrective actions to mitigate interest and penalty risks. Provided actionable insights to strengthen ICS and enhance operational efficiency.

Taxation

• Conducted monthly Form 34A TDS reviews and prepared TDS reconciliation workings for Fomento Group companies, including Prudent Media, Sindhudurg Live, MIG, and Fomento Media.
• Identified misposted entries and incorrect TDS rate applications. Assisted clients in standardizing accounting practices, ensuring accurate TDS deduction on advance payments, and timely submission of TDS workings.
• Consistently ensured that all reports and reconciliations were finalized and submitted by the 6th of each month to facilitate timely TDS payments.

Senior Assistant

Business Services & Outsource Accounting Advisory

• Executed end-to-end accounting operations for Hotel Villa Bomfin and Mum's Kitchen, including daily transaction entries in Tally ERP 9.
• Prepared monthly MIS reports, bank reconciliation statements, GST and TDS reconciliation statements, and assisted in the preparation and finalization of financial statements.
• Ensured accurate and timely reporting to support effective financial management.
• Vedanta Ltd – OTC (Order to Cash) Internal Audit:
  Reviewed documentation related to export sales to ensure completeness and compliance with internal controls.
• Verified the availability of required approvals and contract addendums, and identified gaps due to non-adherence to LC issuance protocols.
• Highlighted instances of non-compliance with Vedanta's Standard Operating Procedures (SOPs) during shipping and export documentation processes
• Fixed Assets Verification for Vedanta Ltd. and Fomento Resources Ltd.:
  Performed physical verification of fixed assets, identifying discrepancies such as incorrect asset locations in the Fixed Asset Register (FAR) and improper tagging.
• Highlighted procedural gaps in asset transfer processes, including lack of approval functionality.
• Identified assets capitalized in the FAR but not physically present, and recommended steps for proper asset location, removal of non-existent assets from the FAR, and ensuring due approval procedures are followed.