Accounts & Finance Executive

Core Responsibilities

1. Accounting and Bookkeeping

• ✓ Recording Transactions: Accurately record all daily financial transactions, including revenue, expenses, and capital expenditures, into the accounting system (e.g., Tally, SAP, Oracle).
• ✓ Accounts Payable (AP): Process vendor invoices, reconcile statements, ensure timely payments, and manage vendor relations.
• ✓ Accounts Receivable (AR): Generate customer invoices, track collections, follow up on outstanding payments, and reconcile sales transactions.

Bank & Cash Management: Perform daily bank reconciliations, manage petty cash, and monitor bank balances.

2. Financial Reporting and Finalization

• ✓ Month-End Closing: Assist with month-end and year-end closing procedures, including passing necessary journal entries and performing ledger scrutiny.
• ✓ Financial Statements: Prepare and assist in the finalization of key financial reports, such as the Profit & Loss (P&L) statement and Balance Sheet.
• ✓ Reporting: Generate basic Management Information System (MIS) reports for senior management, focusing on actual vs. budgeted expenses.

3. Taxation and Compliance

• ✓ Statutory Compliance: Ensure timely and accurate filing of statutory returns, including GST (Goods and Services Tax), TDS (Tax Deducted at Source), and TCS (Tax Collected at Source).
• ✓ Audit Support: Coordinate with internal and external auditors, providing necessary documentation and explanations for audit completion.
• ✓ Payroll: Assist the HR department with payroll processing, including calculating and depositing statutory deductions (e.g., PF, ESI).