KARRI TARAKA BRAHMAJI

• Highly-motivated, Deadline-committed, Goal-driven with over 15 years of experience in Manufacturing, Service and IT Industries. 
• Capable of handing Accounting, Strong knowledge of GAAP, Financial reporting, Audit, Taxation, Compliance and Industry trends

Manager – Accounts and Taxation                                                                                                                                                       

ITP GROUP:- ITP Software India Pvt. Ltd & Buildnext Infracon Pvt.Ltd                                              Jun 2019 to Ongoing - Reporting to MD

Information Technology solutions - Deliver Subscriber Management, Billing & CRM Solutions to the Pay TV / ISP domains.

Buildnext - works on Commercial construction projects with Governments, Corporate, Public or Private Agencies               

Key Responsibilities:

• Analyzing every day Accounts & Finance transactions , Planning and Executing monthly closure activities
• Review of Revenue and Expenditure, BRS, Travel bills, Fixed asset control and Monitoring of Collection with forecast
• Reconciliation and preparation of  Receivables, Payables along with ageing and verification of Inter unit transactions
• Analysis and providing the Balance Sheet and Profit & Loss with schedules on a monthly basis for month-end closure
• Providing MIS Reports, monthly expenses reports , variance analysis between actual vs. Forecasts/Budgets
• Coordinating with Statutory & Internal Auditors and timely completion of Audits
• Timely payments to vendors as per the agreed period and the reconciliation of vendor accounts on a periodic basis
• Find out and taking actions on defaulting vendors from a GST perspective and taking appropriate steps 
• Taking a responsibility of the Fixed assets and Insurance charter for the Company.
• Reviewing team’s day to day activities, including but not limited to Account Reconciliations and other requests
• Implementation of  basic Accounts payable process concepts – 3 way match, PO, NON PO, GRN,SRN etc.,
• Analysis of Billing Vs Collection along with Percentage and Circulating the report and follow-up for TDS receivables
• TDS Computation on Employee’s Salary and issue of Form 16 to the employees
• Controlling on IT, GST, Service Tax, TDS, PF, ESI and PT and timely closing of demand notices and Assessments
• GST Input tax reconciliation with 2B and TDS receivable reconciliation with 26AS
• Payroll checking and approvals, multiple tasking and managing multiple priorities.

Key Achievements:

• Implemented regular workflow monitoring procedures to reduce month end close time by 30%
• Reduced company expenditures by 25% by consistently detecting potential cost savings

Deputy Manager – Accounts, Audit and Taxation                                                                    

Atria Convergence Technologies Ltd (ACT) – Hyderabad                                                                        Jun 2009 to May 2019 - Reported to CFO

Provides Broadband with optic fiber wire - The largest fiber Internet services provider in the wired broadband category and the largest non-Telco ISP in the country.                                                                                                                                                                    

Key Responsibilities:

• Day to Day verified Accounting transactions and Verified Fund availability
• Verified Vendor bills with PO/WO, Rate approvals and deduction of taxes of TDS etc…
• Scrutiny and Reconciled of Ledger and Prepaid expenses. Reviewed of Creditors and Debtors ageing on weekly basis
• Prepared Month end Provisions and Reconciled Inter unit transactions (IUT) on daily basis
• Monitored system Stock vs. Physical stock – Location wise.  Monitored Trial Balance and closed the issues on time
• Prepared Entity wise Profit & Loss account with Forecast and Overhead analysis 
• Prepared Vertical wise Balance Sheet and Cash Flow with detailed Schedules
• TDS reconciliation – Books Vs 26AS and GST Input reconciliation – Books Vs GST Portal
• Skilled in Internal, External Audits and GST, Service Tax, Sales Tax, IT, TDS, PF and ESI
• Insurance for Material, Money and Employee completed on time and recovered claims

Key Achievements:

• Implemented regular workflow monitoring procedures to reduce month end close time by 30%
• Identified opportunities to reduce certain variable costs by 20%
• Saved 2% on  Annual Tax Liability against GST, Service Tax, Sales Tax, TDS ,PF and ESI audits 
• Award received from company as Tax reducer and Sincere

Team Leader – Audit                                                                                                                                                                

Pokarna Limited - STANZA (Apparel Division) - Hyderabad                                                   Mar 2006 to May 2009 - Reported to CFO

One of the leading manufacturers of premium Men’s wear in India                                                                                                         

Key Responsibilities:

• Review of day to day accounting transactions 
• Reconciliation of Branch accounts and Intercompany transactions
• Verification of Excise records, Service Tax records and compile with books of accounts.
• Reconciliation and verification of Bank Interest on Working Capital Loan and Term Loans
• Ledger Scrutiny and Preparing monthly Financial Reports
• Conducted the audit of various areas like Accounts, Admin, Production, Purchase and Sale etc
• Maintenance of Fixed asset register and calculation of Depreciation
• Control on TDS, Fringe Benefit Tax, Sales Tax, Excise and Service Taxes.
• Physical verification of Raw Material, Finished Goods, Fixed assets and compile with books
• Preparations of Material Track report to identify the wastage

Key Achievements:

• Implemented Physical Stock and Assets verification in the Warehouses of all Location within India and checked with system data and Implemented Work In Progress stock on daily basis

Team Leader – Accounts                                                                                                                                     

Aster Infrastructure Ltd - Hyderabad                                                                            Dec 2003 to Feb 2006 - Reported to Finance Controller

Provides Telecommunication service – Telecom towers design and supply                                                                    

Key Responsibilities:

• Successfully handled Financial accounting process, Maintained Ledgers, Bank Reconciliation
• Finalized Profit &Loss account and Balance Sheet.  TDS on contract payments and Interest on Loan
• Prepared Service tax statements and submission of Return
• Attended to Internal audit enquiries and closing audits on time

Key Achievements:

• Implemented monthly closing of Financials and reporting to the Management

Accountant                                                                                                                                                                                   

Exclusive Magnesium Pvt. Ltd - Hyderabad                                                                              Aug 1995 to Nov 2003 - Reported to MD

India's oldest Magnesium Parts Manufacturer approved for Defence, Automotive, Industrial and Airworthiness Grade castings. ​  

Key Responsibilities:

• Maintained Day to Day accounts transactions and books of accounts
• Finalized Profit and Loss and Balance Sheet.   Prepared Monthly Sales Tax Returns and statutory forms - C, G and F 
• Physical stock verification for control and submission of Closing stock in the Bank 
• Liaison with Sales tax, Bank, PF and ESI Departments

Key Achievements:

• Reduced company expenditures by 15% by consistently detecting potential cost savings

MBA - FINANCE FROM OSMANIA UNIVERSITY