Vivek Kumar Ambust

• Debtor Management

Credit control, sales order clearances, credit limit recommendation.

Responsible for the entire Debtor Management of the Company, including preparation of fund flow statement, debtors' reconciliation, and debtor ageing.

Collection management, payment follow-ups, and driving auto payment reminders.

Handling inventory management like paid, unpaid, slow moving, sold, and unsold inventory.

Monitor sales accounting activities and ensure timely closing of books.

Keep debtor's payment cycle under check by close monitoring of receivable and highlight critical ageing analysis of outstanding for review in meeting.

Review monthly targeted cash flow with actual and submit reasons for variances to management. Ensure all postings of invoices are done correctly and timely, including tax and duties, and E-Way bill generation.

• Contract Management

Analyzing the purchase order financial and other related terms and guiding management and other departments on various clauses before final and after final issuance of orders.

Verifying the credentials of the customers and amending payment terms, if required, with a view to securing the payment.

Planning for hedging with the execution team for the order in hand to ensure attaining minimum risk in the future market.

Analyzing the open contract profitability on a weekly and monthly basis and highlighting it to senior management.

Complete hedging of forex for index-linked contracts and settlement of the same as per contractual terms.

• Export

Verifying all documents required for processing the export of goods.

Verifying all the required supporting for reply of any compliances such as E-BRC and realization of payment from the bank.

• Legal and Compliances

Providing back support in preparation of papers related to sale and debtors required under Income Tax Notices.

Giving business understanding and process to the External Audit team whenever required.

Reviewing the TDS reconciliation with 26 AS and assuring 100% credit.

Reviewing Form 27C collection and ensuring timely filing of the same.

Formulating and implementing credit control policies and SOP.

• SAP and IT Development

Identifying the areas for development and coordinating with all stakeholders, along with the external team, for solution and executing the same in the business process.

Many manual activities automated, reducing the TAT and errors.

Addressing and resolving the day-to-day queries related to Business Process.

Explore several cost-saving potential areas and recommend for review.

Monitor relevant MIS for review in meeting.

Monitoring receivables positions on daily basis, collection commitment from sales team.

Closely monitor the credit control both pre & post-dispatch

Monitoring and Analysis of debtors & Action plan to limit the overdue

Timely reconciliation of all major customers.

Preparation of all credit notes, schedules and other audit related schedules

Coordinating the preparation, maintenance and filing monthly finalize of Branch Accounts, Balance Sheet and Profit & loss account

Monthly provision of Expenses, Stock Yard & Others

Ensure the deposited all statutory liability (MVAT, CST, TDS, Service Tax) on timely.

Prepared & filed periodic VAT returns

Prepared and filed periodic TDS, Service Tax, and Excise Dealer Returns.

Check the letter of credit and prepared the LC Discounting Document and Correspondence with Bank.

Check and control the bank guarantee and given credit as per SOP.

Collection of Form C and issued the E-1 form and Form F.

Monitoring Conversion Activity in SAP and preparing Differential Excise Duty, Materials reconciliation.

Controlling three stockyards – Nagpur, Mumbai, and Nashik, and also monitoring all statutory compliance.

Dealing with Internal Audits, Statutory Audits, Tax Audits,

Liaison with bankers, sales tax authorities, and income tax authorities.

Fund Management of Regional Office

Budgeted vs. Actual expenses comparison.

Preparing monthly MIS report required by management.

This is the manufacturing units and making the Steel & Seamless Pipe. I have experience in these companies with the day-to-day workings of accounts. I am responsible for the statutory compliance aspect of the company's accounting, including direct and indirect taxes like T.D.S, service tax, and sales tax. Coordination with internal and statutory auditors, etc. I have knowledge and am preparing the finalization of the monthly profit and loss statement, balance sheet with schedule, and preparing and compressing the overhead budget versus. Actual, party-wise reconciliation maintained the Fixed Assets Register in SAP.

This is the Service Sectors of Terminal Operation, Chartering, Shipping, Freight Forwarding, Warehousing, Custom House, and IATA Agent.

Preparing the monthly Profit & Loss Accounts and Balance Sheet.

Preparing the monthly MIS with Costing Report.

Preparing and Compression Budget vs. Actual

Review the Debtors & Creditors Report and follow up with the concerned department.

To be responsible for the statutory compliance aspect of the company for accounting - Direct / Indirect Taxes like TDS, FBT, SERVICE TAX, etc.

Preparing and checking the invoice or debit note.

Daily preparing the bank position and making the Bank Reconciliation.

To be responsible for the statutory compliance aspect of the company for accounting - direct/indirect taxes like Income Tax, FBT, VAT, Service Tax, etc.

Ensure deposition of TDS liability and filing of Income Tax Quarterly E-Returns before the deadline and issuance of TDS Certificates.

Dealing with day-to-day income tax related matters (employee & other than employee)

Handling electronic transactions for deposit of TDS and other payments, etc.

Ensure deposition of Sales Tax and prepare the sales tax returns monthly, quarterly, and yearly basis, including E. Return

Dealing with Internal Audits, Statutory Audits, Tax Audits, and VAT Audit.

Prepare & Filling the Vat refund (ITC amount) application and dealing with sales tax authorities.

To issue Form No. 51, Form H, Form C, Form No. 402, Form No. 403, and filling the utilization statement.

To Calculation of Service Tax on GTA, Foreign Commission, Consultancy, and other. And also credit the can vat in excise (month wise)

To Prepare the Notes of Accounts (Related Party Statement & Lease Rent)

To Prepare the MIS report (daily base)

To Prepare the Budget (Month Base)

To responsibility for accounting and depositing of TDS, including on salary, and filing of TDS returns, and issuance of TDS certificates on a monthly basis.

Monthly reconciliation of circulation & advt (Debtors) with the control accounts and subsidiary ledgers and filing submitting the party wise details along with the copies of control account

This is the TPA unit of the National Insurance Company of Gujarat. This settled the Mediclaim policy.

Underwent article ship with firm of Chartered Accountants, M/S Mehrotra Kapoor & Tandan. The job handled includes filling and compilation of Income Tax returns, PF Audit, Tax Audit of firm and company.