Varun Kumar Singh

A Goal-oriented professional with over 19 years of experience in areas of Commercial & Financial Accounting, Taxation & Credit Management in FMCG Retail, apparel & Lifestyle, and Food Industries. Proficiency in managing Accounts Payable, Accounts Receivable, Taxation and MIS. Possess significant leadership experience resulting in better financial performance and enhanced systems for higher performance of the team. An effective communicator with excellent relationship building & interpersonal skills. Strong analytical, problem solving & organizational abilities.

• V2 Retail Ltd., Kapashera, New Delhi, Delhi, 110037, Manager Finance & Accounts, 03/24-Current
• SHR Lifestyles Pvt. Ltd., Bijwasan Road, 'Kapashera, New Delhi, Delhi, 110037, Manager Accounts Payable & Taxation, 09/20 - 03/24
• McDonald's India (Connaught Plaza Restaurants Pvt. Ltd.), DLF Centre Sansad Marg, Janpath, Connaught Place, New Delhi, Delhi, 110001, DM Finance & Accounts, 07/19 - 09/20
• Future Group (Travel News Services (India) Pvt. Ltd.), Plot No. 82, 3rd Floor, Sector 32, Near NIIT Corp. Office, Gurgaon, Haryana, 122001, Manager Finance & Accounts, 07/10 - 07/19
• Barista Coffee Co. Ltd (A Lavazza co.), New Delhi, New Delhi, Delhi, Senior Executive Finance, 11/07 - 07/10
• Pantaloons Retail India Ltd., New Delhi, New Delhi, Delhi, Executive Accounts, 01/05 - 11/07

• V2 Retail Ltd.- Responsible to monitor day to day accounting of Vendor Invoices, vendor payments, vendor reconciliations, advances to employee & vendors, sort out the PO, GRN, Invoices, returns issues, Bank reconciliation, sales vs collection reconciliation, POS sale vs SAP sale reconciliation, Report daily sales to management, monthly books of closing along with GL Review, provisions & prepaid expenses & prepare the MIS, Review Cash Flow & Fund Flow, scrutiny of monthly trial balance, Review and monitoring of Trade payables along with aging, Review Rent, Cam, and other operation expenses invoices and ensure that it all is as per agreement and properly verified by stores and facility management, Review of GSTR1, GSTR3B, 24Q,26Q,27EQ returns, GSTR2B reconciliation with books, reconciliation 26AS with books, Generate TDS certificate(Form 16 & 16A), prepare tax computation of employees, reply to GST notices & litigations, visit govt. offices to close the notices, review TCS on sale of goods & TDS on purchase of goods TDS, Vendor Tax Credit Reconciliation- Identify track and communicate on vender wise input tax disallowances ,keeping the organization aware of the implications of various tax laws on business decisions, work with external resources for advice and resolutions, involve in internal audit, limited review and statutory audit as well.
• SHR Lifestyles Pvt. Ltd.- Check and approve the vendor's margins in software, Authorize the PO in software before sharing it with the vendor by category team, Authorize to issue debit notes in case of short receiving of goods at the warehouse level, Monitoring and controlling the issues related to GRN, Returns orders, and invoices., Controlling the pending GRN status, Monitoring vendor reconciliation, Review Rent, Cam and other operation expenses invoices and ensure that it all is as per the agreement and properly verified by stores and facility management, Maintain accurate records and control reports, Review accounting reports and AP register to ensure accuracy., Review prepaid expenses and ensure the team is following the set process, Review the monthly provision, Manage day-to-day operations for accounts payable function., Manage month-end close in 6 business days of every month, Day-to-day misc. reporting to management, Involvement in internal and statutory Audit and resolve all points, Finalize tax audit schedule, Maintain Stock Register, Input tax credit availed, Output tax payable and paid, Review and submit GSTR1 & GSTR3B using GST software, Inputs Tax Credit Reconciliation/Review and match GSTR2B and Books, Preparation of various reports and summaries for MIS, Review monthly TDS and deposit accordingly, Review quarterly TDS working and file the 26 Q & 24Q, prepare the employee's tax computation, Reconcile 26 AS with books, Generate a TDS certificate and share it with parties, Reply to govt authorities' notices
• McDonald's India (Connaught Plaza Restaurants Pvt. Ltd.)- Monitoring daily sales and approving accounting entries in software after checking with POS daily, Monitoring all collection entries and approving it after checking in the software daily, Monitoring the reconciliation of sales vs collection, Monitoring the reconciliation of cash sale vs cash collection, and credit card sale vs credit card collection, Monitoring the daily reconciliation of book sales with ZOMATO and Swiggy reports and coordinating with them in case find any discrepancies and resolving them, Monitoring the reconciliation of collection received from Zomato and Swiggy after deducting the commission and making sure that the collection is coming into our account in a timely as per the agreed term, We have a few other online modes for sale as well which are Dotpe and Payu and I Monitor the accounting and reconciliation of our sales and collection with their report, Coordinate with cash pick-up agencies for any issues in cash pick-up and coordinate with banks for any discrepancies in credit card transactions and reconciliation, Monitoring day-to-day store's issues related to wrong sale mode punched and other issues and guiding them on how it will be resolved, Monitoring the petty cash expenses of stores and ensuring their accounting of them, Report the sales to the US team on a weekly basis., Report the consolidated sales to the US team monthly with the guest count, Report the different reports to the US team and management as per their requirement, Calculate the royalty fee working and share it with the US team, Report the sale vs collection report of cash, credit card, Zomato, Swiggy, etc. to management daily, Involvement in Statutory and internal audits.
• Future Group (Travel News Services (India) Pvt. Ltd.)- Monitoring Books of Accounts and all statutory obligations for the Group of companies, Handling Customers & Suppliers with respect to various financial matters, Monitoring Employees' accounts, advances & Imp rest accounts, Preparation of MIS report with respect to sources, Review monthly account reconciliations, Assist with month-end close, Responsible for timely deposit & File Returns of duties, taxes, and various statutory returns like Sales Tax (D Vat & Central Sales Tax), TDS, EPF, ESIC, and Professional Tax, Deposit & file return of GST, Issuance of Statutory forms, and TDS certificates to respective parties., Monitoring of day-to-day accounting at the location level and its compilation & consolidation up to the finalization including Accounts payable, Monitoring Accounts payable & Taxation of all, Monitoring Vendor payments and vendor Reconciliation for all stores, Management of Bank Guarantees, Make the process work smoothly & according to SOP, Review GL account, Control/monitoring of Day-to-Day Accounting., Handling the Bank transactions & Bank Reconciliation, Make the provision at month end & monitor the monthly closing activities, Ledger scrutiny and verification of Corporate Accounting, Compiling of Assessment Details, Furnished the management with MIS reports monthly & make the yearly budget, Interacting with the company's banker with respect to cash collection, EDC Machine & other Banking activities, Involving in Statutory & Internal Audits, Finalize Balance sheet, Make the Cash Management Report based on DSR, Monitor Cash collection, Card Collection & Currency collection, Monitor day-to-day Collections crediting into the Bank. Follow up with the Bank regarding any disputes/queries.
• Barista Coffee Co. Ltd (A Lavazza co.)- Reporting Sales Reports to higher management after consolidating all the data received from the Dispatch Department, Take the Physical Stock at the end of every Month & Report to Management, Analyzing the Overheads for the Unit & convey to execute the best policy can drag down the expenditures, Prepare Food Cost Reports on a daily basis & ensure that Cost is under control & Report to the Finance Manager at Corporate, Maintain the Excise Book/Record, Monitoring the Vendor Payments & Follow up for collection from Customers, Prepare the Monthly Calculation of Sales Tax data, Invoice verification & processing in SAP, Accounting of Purchase invoices including GRIR clearing, Preparation of MIS Report at the month's end, Scrutinizing General Ledger & monitoring Profit & Loss, Resolving all the internal Audit queries, Make the Provision for Misc. Expenses, Handle Petty cash, Advance with employees & payables & Receivables, Bank Reconciliation statement, Raise Debit Note to Vendor with the complete tracker, Raise Credit Note to Customer as required, Issue the "C" forms to the Vendor, Deduction & Deposition of TDS & provide the TDS certificate to the party.
• Pantaloons Retail India Ltd.- On the base of CMR collected from the store, prepared MIS & ensure the accurate & timely posting of Revenue in SAP, Ensure ourselves about the variance from CMR & our MIS, Posted the JV as required, Ensure proper cash management (Banking of cash timely, transferring cash into petty cash/Float cash, Co- ordination to Bank regarding collections, Work on the SIS (Shop in the shop) model as well and I made the sale billing to the party and reconciled the same with their sale report after that reconciled the collection and raised the credit note accordingly if required, Work on franchise owned franchise operated model where I raised the bill to the franchise and the franchise paid us based on the sale of what he did after deducting the margin, I reconciled the collection with the sale and booked the entries accordingly. In case the company offered any discount then I raised a credit note to the franchise accordingly, Work on a franchise-owned company company-operated model where I reconciled the sale with the collection, paid the MMG invoices and processed the same.

• Date of Birth: 01/07/83
• Marital Status: Married

Spending Time with Family, traveling

I hereby declare that the information given above is true to the best of my knowledge