Venkataramana V

About Venkataramana V

At Progress Solutions for over two years, my role as Deputy Manager - Accounts has…

Experience

1. Deputy Manager Accounts

   Progress Solutions

   Aug 2022 — Present · Hyderabad, IN

   Prepare and Process Semi- Monthly payroll in Payroll Relief system of Employees, maintain employee time records including additions, edits, corrections, and adjustments. Ensure accurately prepare all the invoices, timely follow-up for the payment from Weekly, bi weekly and monthly invoice vendors and released payments to service vendors in Quick Book Online system and update the MIS and reporting to the stake holders. Collaborated with HR and immigration teams to ensure compliant onboarding of new employees, including LCA wage processing. Reviewed Master Service Agreements (MSAs) and Purchase Orders (POs) for service agreements and accurately updated new employee data in the payroll system. Accurately determined payroll liabilities by calculating employee withholdings for federal and state income tax, social security, and Medicare, as well as employer contributions for social security, Medicare, and unemployment taxes. Proactively stays informed of federal and multi-state tax regulatory requirements and company policies. Accurately processes and maintains all federal and state W-4 changes. Managed the reconciliation of W-2 and W-2C forms, ensuring accuracy for year-end reporting. Generated and filed quarterly (Form 941) and annual (Form 940) payroll tax reports. Managed year to date tax calculations and provided support to the CPA for the finalization of year-end financial statements. Prepared and reviewed financial statements, budgets, revenue, expense, and payroll entries, invoices, and other accounting documents. Analyzed revenue and expenditure trends to recommend budget levels and ensure expenditure control. Processed payroll for 120+ India employees with prior approval from stakeholders. Timely submission of GST Returns and employee EPF, TDS, and Professional Tax Returns. Submitted GSTR-1 & GSTR-3B. Prepare Un-audited Financial Statements and tax computations

Education

• Kakatiya University, Warangal

  Bachelor of Commerce - BCom

  1999 — 2002