Accountant

Accountant

Job Descriptions:

Prepare balance sheets, profit, and loss statements, and other financial reports. Accountant duties and responsibilities also include analyzing trends, costs, revenues, financial commitments, and obligations incurred to predict future revenues and expenses. Reports organization's finances to management and offers suggestions about resource utilization, tax strategies, and assumptions underlying budget forecasts.

May require a bachelor's degree in accounting or an area of specialty and minimum four to ten years of experience in the field or in a related area. Accounting candidates must be familiar with standard concepts, practices, and procedures within a particular field. Rely on experience and judgment to plan and accomplish goals. Perform a variety of tasks. Work under general supervision. A certain degree of creativity and latitude is required. Typically reports to a supervisor or manager.

Responsibilities:

• Document financial transactions by entering account information.
• Recommend financial actions by analyzing accounting options.
• Summarize current financial status by collecting information; preparing balance sheet, profit and loss statement, and other reports.
• Substantiate financial transactions by auditing documents.
• Maintain accounting controls by preparing and recommending policies and procedures.
• Reconcile financial discrepancies by collecting and analyzing account information.
• Verify, allocate, post, and reconcile transactions.
• Review and recommend modifications to accounting systems and generally accepted accounting procedures.
• Participate in financial standards setting and in forecast process.
• Provide input into department's goal setting process.
• Prepare financial statements and produce budget according to schedule.
• Direct internal and external audits to ensure compliance.
• Support month-end and year-end close process.
• Develop and document business processes and accounting policies to maintain and strengthen internal controls.
• Communicate with Manager and/or Director on work status and client issues that arise.
• Preparing and checking of bank and cash reconciliation, Pending entries, Ledger entries etc.
• Should have practical knowledge of GST, 26AS reconciliation, TDS & should be able to assist with finalization of accounts.