Siva Dharmireddi

Project Creations, Capitalizing the expenses & closing the projects.

Asset Retirements & Asset Transfers to intra & Intercompany legal entities.

Posting the unplanned depreciation.

Sale outside customer & Impairments & revaluation and reporting.

Actively participating the S4 HANA testing migration.

Month End Duties

Checking the blocked Cost centres & FRB in SA38.

Checkup the retirement and Depreciation posted with future dates in SA38.

Project settlements and checking’s & Depreciation run & checking the postings.

Checking the Suspense GL and make sure to clear it.

Transfer the capex & PPE balances & Tangible and intangible dep runs.

RTR

• Capex management and raisings the forms.
• Handled the Expansion project.
• Tracked the Utilization against to the projects.
• Capitalized the assets accurately and before the validated the documents which are eligible to capitalize the assets.
• Fixed Assets Analysis, reporting, depreciation accounting.
• Inventory Monitoring, Inventory ageing, provisions, clearance plan.
• Compiled data, reports and year-end & Mid year audit information.
• Strengthened internal communication between finance department and other business units, fostering collaboration towards shared objectives.
• Compiled and coordinated financial data for analysis and reconciliation.
• Reviewed and reconciled general ledger accounts for monthly and year-end reports.

AP

• Month end clearances accomplishing month end invoice booking/ zeroing the GRN accounts /Passing provision accounting entries.
• Processing Advance & adhoc payments (INR & USD).
• Vendor Rate, correct taxation and 3-way matching with vendor PO/GRN/Open debit entries in M3 System
• Reconciliation of vendor accounts on weekly monthly basis.
• Provides Supporting reconciliations for all GL line items Which has been posted by AP.
• Bank reconciliation.

• Creating of AFE (Authorized for expenditure/Projects) & Capitalization of expense according to CAP Policy
• Depreciating the assets on monthly basis.
• Processing the Retirements for the Assets which are scrapped and sold & Calculating the gain or loss on the assets yet to be disposed.
• Asset Transfers division to division & NBV evaluation of the assets.
• Adapt the SOPs on the event of any change in the activities.
• Journal Entries are posted in GL between various Accounts like Depreciation and others for transfer from one Account to other.
• Reconciliation between estimate entries and actual payments.
• Suspense Account Reconciliation.

Duties

• Allocating daily workloads & Training new team members.
• Mentored junior team members, contributing to their professional growth and development.
• Established best practices for knowledge sharing, fostering a culture of continuous learning and improvement.
• Acting as a resource for other staff members & Completing team-related paperwork.
• Monitored and tracked user progress to identify improvement opportunities.