Prasanna Kumar Behera
Dubai
Summary
Detail-oriented Accountant with 8.5 years years effectively maintaining accurate accounting information for large-scale financial organization. History working as part of financial team to manage diverse financial functions, tax management and reporting. Works closely with executive management on complex mergers and acquisitions and divestitures.
Overview
11
11
years of professional experience
1
1
Certificate
Work History
Accountant
MH Enterprises L.L.C.
09.2022 - Current
- Cash applications Activities: Ensure the prompt and accurate allocation of payments to their respective invoice(s)
- Credit Application Process: Processing and verifying Credit Applications & Credit Limits as per the company policy.
- Collections/ Follow ups and disputes Activities: Collect overdue payments and resolve payment issues highlighted by clients by investigating and resolving any irregularities or enquiries by communicating over calls/ In-person meeting with Client's AP Team or via emails
- Credit control Activities: Monitor customer account details for non-payments, delayed payments & other irregularities to take actions for opening and blocking of customers if required
- Generating Reports (SOAs & SOIs): Generating weekly and monthly financial statements for customers by detailing paid invoices as well as unpaid invoices
- Credits Allocation Activities: Reported cash, check or credit payments (Based on Bank statements) to account profiles to keep them updated
- DSO Improvement: Slashed average days sales outstanding (DSO) from 45 to less than 30 days
- Rebate working and Allocation: Ensure the accurate calculation of rebate and promotional prices given to customers and allocation of payments.
- Reporting Activities: AR Ageing report, conducting internal audits of the team, Adhering to SOX compliance for cash application and write off/bad debt process, preparing provision for doubtful debts.
Accounts Assistant
Karachi Grill Restaurant
11.2021 - 08.2022
- Handled day-to-day accounting processes to drive financial accuracy.
- Manage Full-cycle Accounts Payable, including receiving, processing and verifying invoices per month.
- Configure financial data and documents in the Origin ERP Module system.
- Create invoice based entries in SAP & Origin ERP module related to purchase.
- Reconcile processed invoices to ensure 100% accuracy by verifying entries and comparing system reports to balances.
- Ensuring timely response and resolution of issues related to the ongoing business process of the client
- Payment processing to vendors, monitoring discount opportunities and resolving discrepancies in purchase orders, invoices and payments.
- Maintain database by entering, verifying and backing up data and documents in the SAP & Origin ERP system.
- Perform verifications as per the process to determine authenticity of data.
- Gathered financial information, prepared documents, and closed books.
- Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.
- Improved data collection, financial analysis and financial modeling to optimize practices and retain customers.
- Provided journal entries and performed accounting on accrual basis.
- Issuing LPO to vendors upon their request.
- Vendor database creation for the listed vendors of the company.
- Invoice Processing activities for releasing payments, Vendor reconciliation.
- Issue of remittance advises & resolution of vendor query.
- Liaise with the organization's sales team to carry out timely invoicing of customers.
- Collect overdue payments and resolve payment issues highlighted by customers by investigate and resolve any irregularities or enquiries by communicating over calls or via emails.
- Ensure the prompt and accurate allocation of payments to their respective invoice(s).
- Preparation of various reports - AR Ageing Report / DSO Report/ Sales agent Commission Report.
- Maintaining Inflows & Outflows of all the money involved in the company.
- Calculation of staff incentive reports on monthly basis.
- VAT Computation on Quarterly basis.
- Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating, and cash, and banking reconciliations.
- Reconciled accounts and reviewed expense data, net worth, and assets.
- Used advanced software to prepare documents, reports, and presentations.
- Detected and corrected mistakes early on and implemented systems to avoid recurring issues.
Financial Analyst
Yamaha Music India Private Limited
11.2015 - 03.2021
- Contribute to monthly processes, including long range planning, monthly budget and forecasting.
- Assist in developing the forecasting models for various departments
- Prepare accurate, timely and insightful monthly variance reporting Develop reports to help analyze actuals and forecasts.
- Collected data and developed detailed spreadsheets to identify trends and create revenue, profitability, and expense forecasts.
- Preparing of financial reports; P&L Account, Balance Sheet and Cash flow statement
- GP Analysis and Various type of Variance analysis
- Preparation of COGs report and analysis
- Preparation of Inventory valuation
- Preparation of Fixed Assets Management
- Taxation (GST, TCS and TDS)
- Performed complex financial and budget analyses to determine requirements and justify requested funding.
- Used relevant financial technology to generate reports and recommended courses of action to upper management.
- Conducted detailed financial analysis to identify and evaluate changes in operations, trends and potential areas of improvement.
- Collected data from other divisions to support quarterly forecasts.
- Developed forecasting tools to analyze revenue variances and capitalize on industry trends.
- Managed corporate watch lists and insurance files.
- Created and maintained precise and accurate models, charts and reports.
- Assisted in preparation of presentations, data tables and other documents for investor meetings.
Senior Executive
Mynd Solutions Private Limited
03.2015 - 11.2015
- Manage Full-cycle Accounts Payable, including receiving, processing and verifying invoices per month.
- Ensuring timely response and resolution of issues related to the ongoing business process of the client
- Payment processing to vendors, monitoring discount opportunities and resolving discrepancies in purchase orders, invoices and payments.
- Maintain database by entering, verifying and backing up data and documents in the SAP & Tally ERP system.
- Perform verifications as per the process to determine authenticity of data.
- Bank Reconciliation
Employees Reimbursement and petty cash management - Taking Care of Debit Note and Credit Note.
- Checking of Provisions and Accrual Entries.
- Preparing Cash Flow Statement
- Inter company Reconciliation
- Capex and opex journal entries
- Fixed assets Management
- Inventory valuation
Accounts Assistant
Dhampure Speciality Sugars Limited
03.2012 - 03.2015
- Invoice Processing of purchase as well as sales.
- Bank Reconciliation & Vendor Reconciliation Auditing / Payments / Collection
- Book Keeping and Gl Accounting Invoice Process Verifying of Bills, Contracts and POs
- Taking Care of Debit Notes and Credit Notes
- Verifying and process of employee reimbursement and Petty cash expense
- Preparing and return filling of duties and taxes; Vat and CST, Service Tax, TDS and Excise Duty
- Co-ordinate with manager and CA for preparing of Balance sheet, P&L Account and Cash Flow statement
Co-ordinate with CA for all type of Audit
Education
ACCA - Charted Accountant
Association of Certified Charted Accountant
Dubai03.2024
MBA - Finance & Marketing
Mahatma Gandhi University
New Delhi06.2015
B.COM - COMMERCE
FAKIR MOHAN UNIVERSITY
ODISHA, INDIA06.2009
Skills
- Budgeting and Forecasting General Accounting Accounts Payable Financial Statements Accounts Receivable Procure To Pay Process (P2P) Order To Cash process(O2C) Collection/Credit Controller Bank Reconciliation VAT Computation Revenue Recognition Days Sales Outstanding (DSO) Provision from Doubtful Debts Bank Guarantee l SOA l Cash Flow Statement Vendor Reconciliation Cash Application Bank Reconciliation Reports and Documentations Cash Analysis
Certification
CIA - Certified Industrial Accountant under Institute of Computer Accountant, Odisha, India
Languages
English
Bilingual or Proficient (C2)
Hindi
Bilingual or Proficient (C2)
Timeline
Accountant
MH Enterprises L.L.C.
09.2022 - Current
Accounts Assistant
Karachi Grill Restaurant
11.2021 - 08.2022
Financial Analyst
Yamaha Music India Private Limited
11.2015 - 03.2021
Senior Executive
Mynd Solutions Private Limited
03.2015 - 11.2015
Accounts Assistant
Dhampure Speciality Sugars Limited
03.2012 - 03.2015
ACCA - Charted Accountant
Association of Certified Charted Accountant
MBA - Finance & Marketing
Mahatma Gandhi University
B.COM - COMMERCE
FAKIR MOHAN UNIVERSITY
Digital Skills
- Orion 10.9 Wings ERP
- Microsoft Dynamics Navision
- SAP
- Tally ERP
- Microsoft Excel
Microsoft Powerpoint - Microsoft Word
- Power BI
Tableau
Inter-personal Skills
- Effective Communication
- Team Player
- Adaptability
- Problem Solving
- Critical Observation
- Self-Confidence
- Self-Motivated
- Growth Mindset
Declaration
I do declare that above all the given information are true to the best of my knowledge.
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