Shubhra Bhalla Email & Phone Number

Canada

Mississauga, Ontario, Canada

Canada

London, Ontario, Canada

Greater Toronto Area, Canada

•Developed Child-care fee registers for twelve day care centers due to discrepancies and complex operations for the supervisors on Child Care Management Software (CCMS).•Management reports including cash flow forecasts, forecasted Financial Statements, checking bank covenants, automating weekly reports for centers and any other reports as requested by the management.•Prepared reconciliations for Provincial Wage Enhancement (PWE), Canada Emergency Wage Subsidy (CEWS), Health and Safety Fund, among other funds.•Analysed and monitored accounts payable on daily basis including keeping expenses in check, verifying invoices, and following three-way matching system.•Performed regular duties such as data entry, payroll processing of approximately 300 employees on a biweekly basis including helping with ROEs, monthly credit card reconciliations, filing Harmonised Sales Tax quarterly.•Prepared financial budgets for government subsidy for all daycare centers and examined variance in expenses.•Review of all financial documents for audit and resolving audit queries and finalizing the accounts including calculation of vacation and RRSP accrual for all the employees and other year-end accruals.•Examined, prepared, and processed Pre-Authorised Debits (PAD) for collection of parent fees on monthly basis and assisted supervisors of day care centers to maintain accurate data.•Performed ad-hoc duties such as training the junior accountants, reviewing accounting data of eight companies, reviewing PADs and fee registers monthly for schools, and daycare centres, preparing parent tax receipts at year end.

Toronto

Kanpur, Uttar Pradesh, India

Computed and filed direct and indirect tax returns for directors and group companies initiating timely refunds and avoidance of late filing fee and interest penalty. Also calculated advance tax and assessed transaction on which Tax Deducted at Source was applicable including foreign transactions. Managed funds of group companies thereby decreasing interest cost to the companies and increasing revenue. Analysed data of group companies on timely basis and increasing compliance of law and reducing clerical and accounting errors. Managed team of three junior accountants for timely delivery of financial statements.

Kanpur, India

• Evaluated year-end financial reporting process and audited various entities including, LLPs, companies and trusts. • Analyzed revenue and expense drivers and ensured compliance with Indian Accounting Standards. • Verified bank reconciliations, other grant reconciliations, accounts payables, accounts receivables and other year end accounts for accuracy of balances.• Analyzed variances of heads of revenues and expenses at year-end and investigated unusual variance. • Conducted substantive procedures to ensure that there were no unrecorded liabilities and over recorded assets. Ensured tax payable/refund was calculated correctly. • Ensured that the assets were grouped correctly and amortization was calculated properly. • Conducted subsequent receipts and payments testing and applying cut-off, sample and reasonability testing. • Filed annual reports with the Registrar of companies for LLPs and companies.

Kanpur, India

• Planned, supported and executed audits of banks, LLPs, companies and trusts.• Analyzed revenue and expense drivers and ensured compliance with Indian Accounting Standards. • Verified bank reconciliations, other grant reconciliations, accounts payables, accounts receivables and other year end accounts for accuracy of balances.• Filed Income Tax returns for Individuals, LLPs, Companies and trusts. • Analyzed variances in revenues and expenses and discussed reasons with the clients. • Conducted substantive procedures to ensure that there were no unrecorded liabilities and over recorded assets. Ensured tax payable/refund was calculated correctly. •Analyzed aging of Non Performing Assets in the banks.• Filed annual reports with the Registrar of companies for LLPs and companies.

Cpa, Auditing

Chartered Accountant, Acounting And Taxation

Bachelor Of Commerce (B.Com.), Accounting