Technical Revenue Accountant at Precisely (2022-10 – Present)
Responsible for the accurate and timely recognition of revenue in accordance with accounting standards ASC 606 US GAAP and IFRS 15.
- Review and analyse contracts to determine appropriate revenue recognition
- Reconcile Balance sheet accounts initially in Excel and later introduced to Blackline
- Prepare Deferred Revenue and Contract Assets Roll Forward Reports
- Perform Adjusting, Accruals, Transfer, Reclass, Revenue Recognition entries
- Ensure compliance with accounting principles and internal controls matrix
- Arrive at Technical Accounting conclusions derived on the basis of Accounting and Bookings Policies of the company
- Perform SSP calculations and Revenue Allocations on deal review template
- Correct SSP in NetSuite directly where system is not capable of handling exceptions through the Zero Talp Report, Negative Talp Report and Positive Talp on CM and RMAs reports
- Running Daily Order Management and Fulfilment Pivot Snapshots postings on Teams Channels
- Cross functional Coordination including Sales Opps, Sales Reps, Deals Desk, Contracts Team, Professional Services, FP&A, Legal and Fulfilment Teams
- Working on Scenarios like Modernizations, Upgrades, Renewals and Expansions and New Sales motions
- Performing calculations like Open Performance Obligations, Bridge license and Credit Reconciliations
- Exposure with Contract Modifications (Separate contract, Prospective and Cumulative Catch up Adjustments)
- Working with Transitions and Trade Ups on Perpetual, Subscription and Saas products
- Familiar with contract combination criteria, and Revenue Reallocation
- Drawing Technical Accounting Memos at Work Paper level
- Calculation of Allocatable TCV and bleed outs while creating a Manual Revenue calculator
- Knowledgeable about Total Contract Value, Annual Contract value and Annual Recurring Revenue calculations
- Evaluating Termination for convenience, Variable consideration (overages and SLA credits-Constraint approach), Material Rights (options), Warranties, Payment terms and Acceptance criteria
- Familiar with Pricebook list price and Previous renewal totals list prices in NetSuite and their applicability in calculation of SSP in Deal Review Files
- Time elapsed input method used for Overtime POBs
- Engaged in Review of Return merchandize authorization portfolio approach to determine inconsistencies in Revenue related to Recreates in NetSuite
- Knowledgeable about CPQ integration in Salesforce to NetSuite
- Familiar with Tableau. Preparation of SOP and Training Documents
- Working with Advanced Revenue Management Module in NetSuite in a daily cadence including editing Sales orders and Revenue Arrangements in case of inconsistencies on TALP (SSP), if any acceleration of revenue is required or to change start and end dates on Managed Services line items
- Did UAT testing for HYBRID SKUs in Sandbox Netsuite
- Provide Flux commentary monthly cadence both for Soft Month close and Hard Month Close
- Running a Snowflake report for Revenue by Product segments and Regions
- Sharing Snowflake BS, Income statement and Cashflow with Corporate Finance teams for a SMC and HMC time lines for a GAAP Reporting Package
- Referenced the PWC Revenue Guide and KPMG Support handbook for scenarios relating to the five step ASC 606 Framework
- Reviewing and capturing the terms on Contractual documents like Statement of Work for Professional and Managed services, Order Forms, Master license agreement, Signed Quote, Purchase order, PCR, Change orders, Amendments and delivery emails
- Calculate Percentage of completion on Professional Services Orders
Sr. Accountant at LeaseAccelerator India Pvt Ltd (2022-01 – 2022-02)
- Oversee general accounting functions, including, but not limited to: accounts receivable, general ledger, and sales taxes
- Execute monthly global revenue close, ensuring accurate results are delivered on time for reporting in accordance with US GAAP including preparing journal entries
- Revenue Accounting. Review and monitor Annual Contract Value and Annual Recurring Revenue calculation
- Account reconciliations of global revenue (three subsidiaries, US, UK, and Canada entities), deferred revenue, and all sales taxes
- Lead monthly, quarterly, and yearly preparation & reporting of financial statements, including balance sheet, income statement and cash flow, and supporting schedules
- Manage weekly status reports of collections, accounts receivable status, and other reporting details MIS
- Aid in completing the year-end financial audit
- Manage collection efforts and maintenance of different trackers
- Knowledgeable of Oracle NetSuite, Salesforce, MS Teams, MS SharePoint and SAAS optics ERP. applications
- Knowledgeable of Contract Billing (New business, Upsell, Down sell, Milestone, Amendment, Contract, and Term Renewals) and Invoicing in compliance with ASC 606
- Collecting and applying exemption certificates where sales tax is not applicable to a customer
- Maintaining data for professional services, providing and applying credit wherever needed, invoice and book revenue as needed
- Meeting process KPIs like Daily Sales Outstanding and cash forecasting
- Experience analysing high volume, multi-currency transactions in a global business environment and Intercompany accounts for four subsidiaries
- Month and year-end close process
- Variance and Ratio Analysis, Balance sheet flux analysis
- Creation of training material and contribution to the formulation of SOP for process orientation
Team member Customer Retention at ADOBE SYSTEMS (2015-09 – 2016-08)
Team member Customer Retention (part of Global customer services team)
- Handling Inbound calls and chats for service cancellations and converting impending churn to Saves and contribute to recurring revenue
- Attended the MS office and soft skills trainings organized by the organisation
- Created the retention chat and call scripts
Accounts Associate to Sr Technical Support Manager at American Epay Services Pvt Ltd. (Now Prism HR) (2011-09 – 2015-01)
Promoted internally during last phase of employment
- Built and maintained successful relationships with service providers, and consumers from India, United States, Australia and UK
- Referred difficult issues to the upper management while maintaining positive rapport with the customer
- Support customers with billing & account issues
- Handle day to day Accounting, reconciliations
- MIS reporting and Audit support
- Fixed Assets activities – Additions, Sales/Adjustment, FA register and run depreciation and Excess depreciation written back
- Finalization of Books of Accounts, Advance Income tax deposit with IRS
- Handled the Account Receivable for the organization
- Updating Sales force CRM (ticketing platform) on arrival of new purchase orders and billing/development issues. Running Journals in ERP
- Versed with Microsoft dynamics Great Plains accounting software and Go-to meeting platform
- Preparation of Cash flow statement
- Conducting Finance orientation for new employees and take care of employee onboarding process until complete handover is done to operations
- Part of India and US finance team. Indian and US Gaap. Sales tax and payroll taxes (FICA)
