Accounts Executive

Role & responsibilities

We are seeking an experienced Accounting & Compliance Executive to manage and oversee various accounting and statutory compliance functions. This role involves handling GST & Income Tax Return filings, ROC compliance, MSME and GST registration, vendor and customer reconciliations, preparation of balance sheets, vouching, and maintaining accurate books of accounts. The ideal candidate should have a strong understanding of accounting practices, taxation, and regulatory compliance.

Key Responsibility Areas (KRA):

1. GST & Income Tax Return Filing:
• Preparation and filing of monthly/quarterly/annual GST returns.
• Timely filing of Income Tax Returns, including tax calculations and supporting documentation.
• Reconciliation of GST and Income Tax records with financial statements and ledgers.
• Regular monitoring of changes in GST and tax regulations to ensure compliance.
2. ROC Compliance:
• Ensure timely filing of statutory forms with the Registrar of Companies (ROC) for maintaining compliance with the Companies Act.
• Preparation and submission of necessary ROC returns and documents.
• Regular monitoring of corporate compliance requirements and ensuring adherence to deadlines.
3. Computation of Income:
• Assist in the computation of income for taxation purposes, including both corporate and individual tax filings.
• Calculation of tax liabilities and preparation of income tax statements.
• Maintain records for deductions, exemptions, and other tax-related adjustments.
4. GST & MSME Registration:
• Handle the process of GST registration for new clients and businesses.
• Support MSME registration, ensuring that the necessary documentation and procedures are followed.
• Maintain up-to-date records and filings for both GST and MSME registrations.
5. Vendor & Customer Reconciliation:
• Perform monthly reconciliation of vendor and customer accounts to ensure accuracy and resolve any discrepancies.
• Coordinate with vendors and customers for outstanding issues related to invoicing, payments, or adjustments.
6. Vouching and Verification:
• Perform vouching of financial transactions and review supporting documents to ensure that they are legitimate, accurate, and compliant with internal controls.
• Ensure that all transactions are properly recorded and authorized.
7. Maintaining Books of Accounts:
• Ensure that all financial transactions are accurately recorded in the books of accounts in compliance with applicable accounting standards.
• Maintain ledgers, journals, and other records, ensuring proper documentation for audits.
• Assist in month-end and year-end closing of books.
8. Preparation of Company Balance Sheet:
• Assist in the preparation of the companys balance sheet, profit and loss account, and other financial statements.
• Analyze financial data and ensure that all accounts are balanced and in compliance with accounting principles.
• Provide recommendations for financial improvements and cost-saving measures.
9. General Accounting & Financial Reporting:
• Maintain accurate financial records, manage general ledger entries, and provide reports for senior management.
• Assist in the preparation of quarterly and annual financial reports and audits.
• Monitor cash flow and assist in budgeting and forecasting.

Preferred candidate profile

• Educational Qualification: Bachelors degree in Commerce (B.Com) or a related field; Professional certification (e.g., CA Inter, CMA) is a plus.
• Experience: 2-4 years of experience in accounting, taxation, and statutory compliance.
• Knowledge of Accounting Software: Familiarity with Tally, QuickBooks, or other accounting tools. Advanced proficiency in MS Excel.
• Technical Skills: In-depth knowledge of GST law, Income Tax Act, ROC compliance, and MSME registration processes.
• Attention to Detail: Strong focus on accuracy and the ability to identify discrepancies in financial records.
• Communication Skills: Good written and verbal communication skills for internal coordination and external client communication.
• Problem-Solving Skills: Ability to analyze financial data, identify issues, and suggest solutions.
• Ability to work independently and in a team-oriented environment.