Accountant

Key Responsibilities

1. Financial Record Maintenance

• Maintain and update company financial records, including ledgers, journals, and trial balances.
• Post daily transactions and ensure all entries are accurate and comply with accounting principles.
• Reconcile all accounts, including bank accounts, receivables, payables, and inter-company accounts.

2. Accounts Payable and Receivable

• Process vendor payments and ensure timely settlement of dues.
• Generate invoices and follow up with clients for receivables.
• Monitor aging reports for overdue invoices and implement collection strategies.

3. Taxation and Compliance

• Prepare and file GST returns (GSTR-1, GSTR-3B) and TDS returns in a timely manner.
• Ensure compliance with income tax, professional tax, ESI, PF, and other statutory regulations.
• Coordinate with auditors and tax consultants during audits and assessments.

4. Payroll Management

• Process monthly payroll and ensure accuracy in salary disbursement.
• Calculate deductions like PF, ESI, TDS, and ensure timely remittance to authorities.
• Maintain employee records for payroll-related compliance.

5. Budgeting and Forecasting

• Assist in creating annual budgets and monitor adherence to budgetary controls.
• Provide forecasts based on historical data and current financial performance.
• Analyze variances between budgeted and actual expenditures.

6. Financial Reporting

• Prepare financial statements, including profit and loss statements, balance sheets, and cash flow reports.
• Submit periodic management reports with actionable insights.
• Assist in preparing MIS (Management Information System) reports for leadership review.

7. Audit Support

• Prepare and maintain documentation required for internal and statutory audits.
• Ensure proper closure of audit findings and implement recommended corrective measures.
• Liaise with auditors and regulatory authorities for accurate and timely completion of audits.

8. Cash Flow and Fund Management

• Monitor cash flow to ensure adequate liquidity for operations.
• Oversee fund transfers and manage petty cash accounts.
• Optimize working capital management by maintaining a balance between receivables and payables.

9. ERP and Accounting Systems

• Use and maintain accounting software (e.g., Tally, Zoho Books).
• Transition from manual processes to automated accounting systems, if required.
• Train other employees on basic use of accounting tools when necessary.

10. Financial Analysis and Strategic Insights

• Analyze financial data to identify trends, opportunities, and risks.
• Recommend process improvements to streamline operations and reduce costs.
• Support management in strategic decision-making by providing accurate financial data.

Required Skills and Qualifications

• Bachelors degree in Accounting, Finance, Commerce, or related field (Master’s degree, CA, or CMA preferred).
• Experience: E Commerce portals for matching sales and stock data.
• Strong knowledge of accounting principles.
• Proficiency in using accounting software (Tally ERP 9, Marg) and MS Office Suite (Excel, Word, PowerPoint).
• Comprehensive understanding of GST, TDS, Income Tax, and other statutory compliance requirements.
• Experience in managing end-to-end payroll processing.
• Excellent analytical skills and attention to detail.
• Ability to manage multiple tasks and meet deadlines under pressure.
• Strong interpersonal and communication skills for liaising with clients, vendors, and internal teams.