Prashant Sachanandani
Chief Accountant at Standard Group of Companies- Claim this Profile
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Hindi -
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Gujarati -
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Sindhi -
Topline Score
Bio
Credentials
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Microsoft Certified Professional
MicrosoftOct, 1999- Nov, 2024
Experience
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Standard Group - Pumps, Air Compressors, Engineered Skids
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United Arab Emirates
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Oil and Gas
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1 - 100 Employee
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Chief Accountant
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Jun 2015 - Present
• Senior Accountant • Tax Expert (incl VAT - GCC, Corporate Tax - Oman) • ESR (Economic Substance Regulations - U.A.E.) • Verify, allocate, post and reconcile accounts payable and receivable • Produce error-free accounting reports and present their results • Analyze financial information and summarize financial status • Spot errors and suggest ways to improve efficiency and spending • Review and recommend modifications to accounting systems and procedures • Manage accounting assistants and bookkeepers • Participate in financial standards setting and in forecast process • Provide input into department’s goal setting process • Prepare financial statements and produce budget according to schedule • Assist with tax audits and tax returns • Direct internal and external audits to ensure compliance • Support month-end and year-end close process • Develop and document business processes and accounting policies to maintain and strengthen internal controls • Ensure compliance with GAAP principles Show less
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Bell
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Canada
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Telecommunications
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700 & Above Employee
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Auditor • Senior Accountant
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Nov 2008 - Oct 2014
• Planned and completed certified audits. • Reviewed departmental, divisional and consolidated financial statements. • Increased accuracy by initiating corrections to the firms accounting procedures. • Trained and supervised staff of 5 to prepare general ledger, profit and loss, balance sheet. • Reconciled complex inter company accounts along with reconstructing G/L and financial statements. • Planned and completed certified audits. • Reviewed departmental, divisional and consolidated financial statements. • Increased accuracy by initiating corrections to the firms accounting procedures. • Trained and supervised staff of 5 to prepare general ledger, profit and loss, balance sheet. • Reconciled complex inter company accounts along with reconstructing G/L and financial statements.
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Almulla Holding LLC
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Dubai, United Arab Emirates
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Senior Accountant & HR Assistant
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Oct 2006 - Jul 2008
• Closing the books of accounts including profit and loss accounts and balance sheet on monthly, quarterly & yearly basis. • Preparing MIS Reports, Cash Flow & Forecasting, Budget vs. Actual Analysis. • Liaised with external auditors for finalization of accounts, with bankers for L/C, credit facilities. • Responsible for verification of the payroll data entry for 600 + employees to ensure timely payment of salary and wages. • Preparing and submitting regular reports on compensation and benefits and those required by Accounting Department. • Assisting with HR functions such as recruitment, performance management and appraisals , personnel and career development and retention of valuable employees. • Maintaining the integrity and confidentiality of employees files in the Personal File Folder and updating changes to any employee compensation details or employee records. • Assisting HR department with functions such as processing employees health insurance (new& renewal), residential visa (new& renewal), passport (renewals), insurance claims. • Processing payroll, severance pay, maintaining employee files, coordination with pro for staff visa requirements. • Handled entire purchase and maintenance process related to office automation, company provided executive accommodation, implementation of IT systems. Show less
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Emirates Contracting Co. LLC
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Dubai, United Arab Emirates
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Junior Accountant - Payroll
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Oct 2002 - Apr 2006
• Processing payroll of 300 + employees. • Responsible for payroll data entry and verification to ensure accurate and timely monthly processing of remuneration payments to employees using customized in house payroll system. • Processing leave applications and ticket entitlement of employees. • Preparing and processing final settlement of employees. • Handling and resolving all queries/issues related to compensation and benefits. Additional task • Performed various duties and responsibilities including corresponding with customers, controlling inventory, monitoring stock supplies and overseeing the operations in a timely manner. • Handled Accounts Receivable, Accounts Payable, Petty Cash, Group Consolidation. • Verifying Reconciliation of accounts including bank & inventories. • Investigating and resolving queries relating to invoices. • Forecasting and analyzing monthly closings and periodic financial reviews. Show less
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Hotel Comfort Inn Sunset
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Ahmedabad Area, India
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Accounting Assistant
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Aug 2000 - Oct 2002
• Managed Hotel Management System Software & LAN Network consisting upto 20 Pcs. • Handled the complete accounting cycle, including opening, posting entries and closing of accounts and preparation of various accounting reports. • Effectively managed tasks related to cash disbursement and cash reconciliation. • Maintained accounts payable and accounts receivables. • Prepared sales invoices, refund and agency commission checks. • Proofread and distributed various financial statements. • Took care of telephone inquiries and managed all written correspond. • Handled monthly journal entries, accounts and various ledgers Show less
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Genius Computers
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Ahmedabad Area, India
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Administrative Assistant
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May 1999 - Jul 2000
• Performed general office duties and administrative tasks. • Managed the internal and external mail functions. • Provided telephone support pertaining to customer queries. • Scheduled client appointments and maintained up-to-date confidential client files. • Performed general office duties and administrative tasks. • Managed the internal and external mail functions. • Provided telephone support pertaining to customer queries. • Scheduled client appointments and maintained up-to-date confidential client files.
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Education
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2000 - 2002
Gujarat University
Master's degree, Accounting and Auditing -
1996 - 1999
Shri Sahajanand Arts & Commerce College
Bachelor of Commerce (B.Com.), English, Advanced Accounting, Advanced Statistics, Business Law, Economics
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