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1. Role and Responsibilities
Overview of an Accounts Executive's duties: bookkeeping, maintaining financial records, handling accounts payable and receivable, and preparing financial statements.
Ensuring accuracy in financial documentation, managing payroll, and performing reconciliations.
2. Skills Required
Attention to Detail: Accuracy is crucial in financial records and reports.
Proficiency in Accounting Software: Knowledge of tools like Tally, QuickBooks, or ERP systems.
Analytical Skills: Ability to analyze financial data to assist with decision-making.
Communication: Ability to communicate complex financial data in a clear and concise manner.
3. Importance of the Role
Accounts Executives are the backbone of an organization's financial operations, ensuring that all transactions are documented and accurate.
They support senior accountants and finance managers in preparing reports for audits, tax returns, and other financial documentation.
4. Challenges Faced
Handling a large volume of transactions, ensuring compliance with ever-changing tax laws, and meeting deadlines during peak financial periods.
Managing and maintaining records in a fast-paced environment where accuracy is critical.
5. Knowledge of Taxation and Compliance
Understanding of GST, Income Tax, TDS, and other tax-related matters.
Ensuring that the company complies with local and international financial regulations.
6. Technology's Impact
The growing role of automation and AI in accounting, which reduces manual errors and increases efficiency.
The need for continuous learning to stay updated on the latest accounting software and financial regulations.
7. Career Growth
Discuss the opportunities for advancement: Accounts Executives can move into roles like Accounts Manager, Finance Manager, or even CFO, depending on their experience and qualifications.
8. Teamwork and Collaboration
Accounts Executives often work closely with other departments like HR (for payroll), sales (for invoicing), and operations (for budgeting).
Effective collaboration can lead to better financial planning and reporting.
9. Ethical Considerations
The need for ethical practices in handling sensitive financial data, avoiding fraudulent activities, and ensuring transparency in reporting.
10. Work Environment and Culture
Discuss whether the role typically requires long working hours, especially during the closing of accounts, tax season, or audits.
Consider the work-life balance challenges or benefits depending on the organization.
By discussing these points, you can have a comprehensive conversation about the responsibilities, challenges, and opportunities for an Accounts Executive.
I applied via Walk-in and was interviewed in Jul 2021. There were 3 interview rounds.
The process of vendor invoice booking in SAP involves several steps.
The vendor invoice is received and verified for accuracy.
The invoice is then entered into the SAP system.
The system checks for any discrepancies or errors.
The invoice is then posted and a document number is generated.
The vendor is notified of the payment due date.
The payment is made on the due date.
The payment is then recorded in the SAP system.
Debit note is a document issued by a buyer to a seller, indicating the amount owed due to overbilling or incorrect goods received.
Debit note is issued by the buyer to the seller.
It indicates the amount owed due to overbilling or incorrect goods received.
It is used to request a credit note from the seller.
Debit note includes details like date, invoice number, reason for issuing, and amount owed.
It is an important docume
Reconciliation of vendor invoice booking involves matching vendor invoices with corresponding purchase orders and receipts.
Verify vendor invoice details such as invoice number, date, amount, and items purchased
Match the vendor invoice with corresponding purchase order and receipt
Ensure that the amounts and quantities match between the invoice, purchase order, and receipt
Resolve any discrepancies or issues with the vend...
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I applied via Referral and was interviewed in Jan 2022. There were 3 interview rounds.
I applied via Naukri.com and was interviewed before Apr 2023. There were 3 interview rounds.
Accounts related questions
I applied via Naukri.com and was interviewed before Feb 2021. There were 2 interview rounds.
READY MIXED CONCRETE-Discussion on and on competators mapping ,market share,loyal customer mapping,mix design and optimisation
I appeared for an interview in Jul 2024.
The test was loaded with technical terms, all basics of Civil Engineering
The topic was given for me and the team was ‘does AI is good or bad'
Mix design is the process of determining the proportions of ingredients in concrete to achieve the desired properties.
Mix design involves selecting the type and proportion of materials such as cement, water, aggregates, and admixtures.
The goal of mix design is to produce concrete with the desired strength, workability, and durability.
Factors such as the desired strength, exposure conditions, and construction requiremen...
The method of mix design refers to the process of determining the proportions of ingredients in a concrete mix to achieve desired properties.
Identify the required strength and durability of the concrete
Select suitable materials such as cement, aggregates, and water
Calculate the proportions of each material based on their properties and desired concrete characteristics
Perform trial mixes and tests to verify the mix desi...
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Interview experience
based on 6 reviews
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