Vikas Bhagwat

About Vikas Bhagwat

Internal Audits:Internal audits are conducted by independent professionals within an organization to assess and evaluate its internal controls, processes, and financial systems. The main objectives of internal audits include:Identifying potential risks and weaknesses in internal controls.Assessing compliance with laws, regulations, and company policies.Reviewing financial records and transactions for accuracy and completeness.Recommending improvements to enhance efficiency, effectiveness, and risk management.Internal audits play a crucial role in helping organizations identify areas of improvement, mitigate risks, and ensure compliance with applicable standards and regulations.Financial Statement Preparation:Financial statement preparation involves the compilation, analysis, and presentation of an organization\'s financial information. The key financial statements prepared are:Income Statement (also known as the Profit and Loss Statement): It provides information about revenues, expenses, and net income or loss over a specific period.Balance Sheet: It summarizes an organization\'s assets, liabilities, and shareholders\' equity at a particular point in time.Cash Flow Statement: It tracks the inflows and outflows of cash and cash equivalents during a specified period.Statement of Shareholders\' Equity: It outlines the changes in shareholders\' equity over time, including contributions, distributions, and retained earnings.Accurate financial statements are crucial for decision-making, financial analysis, obtaining loans, attracting investors, and meeting regulatory requirements.Tax Planning:Tax planning involves strategic management of an individual\'s or organization\'s financial affairs to minimize tax liability within the framework of applicable tax laws and regulations. Tax planning typically includes:Identifying tax-saving opportunities and incentives available under tax laws.Optimizing the timing of income recognition and expenses.Maximizing deductions, exemptions, and credits.Evaluating tax-efficient investment strategies.Complying with tax reporting and disclosure requirements.Effective tax planning can help individuals and organizations minimize tax liabilities, maximize after-tax income, and ensure compliance with tax laws.These services are typically provided by accounting firms, financial consultants, or in-house finance departments. It is important to engage qualified professionals with expertise in these areas to ensure accuracy, compliance, and optimal financial management

Experience

1. Assistant Manager Finance

   Manlitics B2b Ites

   Dec 2025 — Present · Pune District, IN

   Managed financial accounting and financial reporting activities to ensure accuracy and compliance with company policies.• Conducted internal audits and supported statutory compliance processes, including tax preparation and regulatory filings.• Monitored accounts payable and receivable to maintain healthy cash flow and financial discipline.• Assisted management with budgeting and financial analysis to support strategic decision-making.• Handled GST and TDS compliance, including return filing and reconciliation.• Managed payroll processing and statutory payments, ensuring timely compliance with government regulations.• Worked on Transfer Pricing (TP) documentation and compliance as per regulatory requirements.• Ensured PF & ESIC compliance, including employee registrations and monthly filings.

Education

• The Institute of Chartered Accountants of India

  Chartered accountants

• Ness Wadiya College

  Master's degree, Accounting and Finance