Shashidhar Sama
Kitchener,ON
Summary
Accounting professional with extensive experience at Softchoice, specializing in financial reporting and GAAP compliance. Achievements include implementing strategic tax-saving initiatives and improving internal controls. Expertise in QuickBooks and Excel, ensuring accuracy and integrity in financial operations.
Overview
8
8
years of professional experience
1
1
Certification
Work History
Accountant
Softchoice
Toronto, ON
01.2024 - Current
- Assisted in preparing and analyzing monthly, quarterly, and annual financial statements in compliance with GAAP.
- Participated in all aspects of accounting functions, including general ledger, accounts payable/receivable, payroll, and fixed assets.
- Performed month-end and year-end close processes, including journal entries, reconciliations, and accruals.
- Conducted regular reconciliations of bank statements and financial transactions.
- Supported the budgeting and forecasting process by providing relevant data and variance analysis.
- Prepared and maintained reports for capital expenditures, cost tracking, and inventory valuation.
- Assisted with tax filings such as GST/HST, PST, and WCB under the supervision of senior staff.
- Collaborated with external auditors by providing required documentation during audit processes.
- Helped implement internal controls and standard accounting procedures to ensure data integrity.
- Managed day-to-day data entry tasks including invoices, receipts, and payments.
- Maintained and updated financial records and files for audit readiness.
- Communicated with vendors and customers regarding accounts payable/receivable matters.
- Prepared supporting schedules for payroll-related entries and remittances.
- Participated in preparing reports for management review, including cost, revenue, and trend analysis.
- Utilized accounting software such as QuickBooks for bookkeeping and reporting.
- Assisted with intercompany account reconciliations and consolidation schedules.
- Supported the finance team with ad hoc reporting and data collection for financial analysis.
- Monitored and updated cash flow data, providing insight into short-term funding needs.
- Ensured timely submission of sales tax and payroll-related returns.
- Reviewed vendor statements and followed up on outstanding balances or discrepancies.
Accounts and Tax, Dy. Manager
Narven Associates (Chartered Accountants)
Hyderabad, India
01.2020 - 04.2023
- Led and managed federal and state tax audits and notices, including organizing kickoff meetings, coordinating documentation, and presenting complex book-to-tax adjustments to auditors and authorities.
- Directed accounting operations to ensure full compliance with applicable federal, state, and local tax standards.
- Delivered comprehensive tax services, including planning, computation, filing, and reporting, strictly adhering to timelines and regulatory requirements.
- Projected and monitored tax liabilities throughout the fiscal year, enabling accurate cost planning and financial forecasting.
- Identified and implemented strategic tax-saving opportunities, resulting in a 10% reduction in overall tax expenditure.
- Prepared and reviewed corporate and individual tax returns, GST/HST filings, TDS/Source Deductions returns, and quarterly/annual tax remittances to ensure accuracy and timely submission.
- Collaborated with external consultants and cross-functional teams (finance & legal) to streamline processes, resolve compliance issues, and improve reporting efficiency.
- Supervised and mentored junior staff, fostering professional development through tax compliance and accounting standards training.
- Conducted tax risk assessments and provided actionable recommendations to mitigate exposure and enhance internal controls.
- Participated in financial statement preparation and assisted with reconciliations, MIS reporting, and audit schedules to support broader finance and business analysis needs.
- Assisted management with budgeting and forecasting activities by analyzing historical tax data and integrating insights into future projections.
- Stayed current with changes in tax laws, accounting standards, and industry best practices, ensuring proactive compliance and advisory support for clients.
Accounts, Tax and Audit Associate (Intern)
Deloitte
Hyderabad, India
12.2016 - 12.2019
- Examined and analyzed accounting records to prepare accurate financial statements and management reports in compliance with statutory and regulatory requirements.
- Assisted in preparing and filing corporate income tax returns by interpreting financial data and tax regulations, ensuring timely compliance.
- Provided support in internal, statutory, and tax audits for large clients (turnover > $50M), ensuring adherence to the Companies Act, Income Tax Act, and other legal provisions.
- Identified control weaknesses in client operations; recommended improvements, including enhanced wire transfer protocols that were immediately implemented.
- Developed and optimized financial models and spreadsheets, improving the efficiency of monthly management reporting by over 60%.
- Supported tax planning, compliance, and advisory tasks by analyzing financial statements and delivering business and tax-related insights to clients.
- Facilitated audit engagements by communicating clearly with client executives, audit teams, and stakeholders, ensuring a seamless examination process.
- Built and maintained strong client relationships by delivering timely and accurate responses to financial queries and ensuring continuous support.
- Assisted in risk assessments, variance analysis, and documentation as part of audit planning and execution.
- Participated in vouching, ledger scrutiny, reconciliation, and analysis of income, expenses, assets, and liabilities.
- Contributed to the documentation of audit findings, recommendations, and working papers as per professional standards and firm policies.
Education
Chartered Accountant - Financial Reporting And Auditing
The Institute of Chartered Accountants of India
Hyderabad, India03-2022
Bachelor of Commerce - Business Administration
Osmania University
other03.2019
Skills
- Accounting & Finance: Financial Reporting, Bookkeeping, Payroll, Budgeting, Forecasting, Financial Analysis, Accounts Receivable, Accounts Payable, Account Reconciliation
- Standards & Compliance: IFRS Standards, GAAP, Audit Support
- Software & Tools: QuickBooks, Sage 50, SAP, NetSuite, Microsoft 365 & NaviPlan (Financial Planning)
- Capital Markets & Investment Knowledge: Strong understanding of Canadian capital markets, investment products, and trading practices; CSC certified
- Excel Expertise: Formulas, Pivot Tables, Lookups, Index Match
- Office Productivity: Microsoft Office Suite (Excel, Word, Outlook, PowerPoint)
- Core Strengths: Communication, Leadership, Stakeholder Engagement, Team Collaboration, Time Management, Confidentiality
- Work Ethic: High Integrity, Adaptability, Deadline-Driven Execution
Certification
- Canadian Securities Course (CSC) Certified
- Bookkeeping Certificate from Conestoga
Timeline
Accountant
Softchoice
01.2024 - Current
Accounts and Tax, Dy. Manager
Narven Associates (Chartered Accountants)
01.2020 - 04.2023
Accounts, Tax and Audit Associate (Intern)
Deloitte
12.2016 - 12.2019
Chartered Accountant - Financial Reporting And Auditing
The Institute of Chartered Accountants of India
Bachelor of Commerce - Business Administration
Osmania University
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