vitthal Bhise

ǁ Profile Summary            

MIS – Month end closing activities and Reporting, all types of Provisions calculation, ensuring all the entries (including expense bills) are done, ensure to all invoices are entered. General Ledger Scrutiny. Analysis of RMC Variance, Expenses GAP variance with Monthly plant Budget / yearly Plant Budget and Reconciliation with daily/ weekly MIS reported to Management. Profitability Statement with Sales & Expenses variance analysis and Presentation. Cash flow & Fund flow statement. Sale cut off working.

Cost control - Controlling plant overheads. To track plant performances on a regular basis and drive attention to key performance indicator driving cost reduction and waste elimination initiatives at the plant.

Preparation and monitoring of Plant Budget- Preparation of Monthly budget based on Sales plan from Marketing/ customer. Preparation of Annual Sales budget with Marketing / customer. Based on Sales, prepare the cost budget of Raw Material & Variable and Fixed Cost.

Book Closure & Audit – Quarterly /yearly book closure activity. Co-ordination with Statutory & Internal Auditor & other tax related Audit & Compliances. Preparation of schedule for statutory Audit on Quarterly basis. Reply to Internal Auditor.
Fixed Asset Accounting- Creation of Investment order and CWIP code in SAP based on approval of Capex. Capitalization from CWIP to Main Asset on timely to taking the benefit in income Tax. Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed. Review and update the detailed schedule of fixed assets and accumulated depreciation. Track company expenditures for fixed assets in comparison to the capital budget and management authorizations.

Inventory Management- Inventory control through monthly Reporting. Preparing and analysis report of Actual inventory v/s System inventory. Tracking and Review of Non-moving and Slow-moving inventory with help of Store in charge.

Accounts payable & Receivables - Ensuring that proper invoicing is received. It is properly approved as per Company SOA. Ensuring the optimum utilization of credit cycle for payment purposes. Expenses Bills Verification as per Company Policies & Agreement, import bill passing, Control on GR/IR clearing, Preparation, and maintenance of Debtors / creditors Aging Analysis weekly/monthly basis - Weekly tracking of due / overdue receivables.

Indirect Tax- GST - Checking of Purchase & sales Register & correction entry. Liability creation under RCM, help for Preparation of final GST R1 & GST R2 to HO & GSTR 3B. Calculation & checking the bills for TDS. Monthly Service Tax liability calculation & payment. Excise Return preparation & e-filling. Handled Sales Tax Assessment.

SAP System Works – Update Sale Rate & tracking. BOM Verification on quarterly basis. Create Masters like vendor code, Customer code, Material code, Asset code, Investment order. Plant SAP issues resolves like SD & MM module with help of SAP team.    

Profile Summary            

MIS – Month end closing activities and Reporting, all types of Provisions calculation, ensuring all the entries (including expense bills) are done, ensure to all invoices are entered. General Ledger Scrutiny. Analysis of RMC Variance, Expenses GAP variance with Monthly plant Budget / yearly Plant Budget and Reconciliation with daily/ weekly MIS reported to Management. Profitability Statement with Sales & Expenses variance analysis and Presentation. Cash flow & Fund flow statement. Sale cut off working.

Cost control - Controlling plant overheads. To track plant performances on a regular basis and drive attention to key performance indicator driving cost reduction and waste elimination initiatives at the plant.

Preparation and monitoring of Plant Budget- Preparation of Monthly budget based on Sales plan from Marketing/ customer. Preparation of Annual Sales budget with Marketing / customer. Based on Sales, prepare the cost budget of Raw Material & Variable and Fixed Cost.

Book Closure & Audit – Quarterly /yearly book closure activity. Co-ordination with Statutory & Internal Auditor & other tax related Audit & Compliances. Preparation of schedule for statutory Audit on Quarterly basis. Reply to Internal Auditor.
Fixed Asset Accounting- Creation of Investment order and CWIP code in SAP based on approval of Capex. Capitalization from CWIP to Main Asset on timely to taking the benefit in income Tax. Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed. Review and update the detailed schedule of fixed assets and accumulated depreciation. Track company expenditures for fixed assets in comparison to the capital budget and management authorizations.

Inventory Management- Inventory control through monthly Reporting. Preparing and analysis report of Actual inventory v/s System inventory. Tracking and Review of Non-moving and Slow-moving inventory with help of Store in charge.

Accounts payable & Receivables - Ensuring that proper invoicing is received. It is properly approved as per Company SOA. Ensuring the optimum utilization of credit cycle for payment purposes. Expenses Bills Verification as per Company Policies & Agreement, import bill passing, Control on GR/IR clearing, Preparation, and maintenance of Debtors / creditors Aging Analysis weekly/monthly basis - Weekly tracking of due / overdue receivables.

Indirect Tax- GST - Checking of Purchase & sales Register & correction entry. Liability creation under RCM, help for Preparation of final GST R1 & GST R2 to HO & GSTR 3B. Calculation & checking the bills for TDS. Monthly Service Tax liability calculation & payment. Excise Return preparation & e-filling. Handled Sales Tax Assessment.

SAP System Works – Update Sale Rate & tracking. BOM Verification on quarterly basis. Create Masters like vendor code, Customer code, Material code, Asset code, Investment order. Plant SAP issues resolves like SD & MM module with help of SAP team.    

MBA in Finance from Yeshwantrao Chavan University. (Appearing – 2019)
Bachelor of Commerce from Pune University in 2005 with Higher Second Class
HSC from Maharashtra board in 2002 Secured 72.17%.
SSC from Maharashtra board in 2000 Secured 65.33%.