Accountant

Job description

Key Responsibilities:

1. Financial Record Keeping:
2. Maintain accurate and up-to-date accounting records, ensuring compliance with accounting standards and company policies.
3. Process accounts payable and receivable, ensuring timely payments and collections.
4. Reconcile bank statements and ensure all financial transactions are recorded correctly in the system (Tally ERP).
5. GST (Goods and Services Tax):
6. Prepare and file monthly, quarterly, and annual GST returns (GSTR-1, GSTR-3B, GSTR-9, etc.).
7. Ensure GST compliance for both sales and purchase transactions.
8. Maintain accurate records of GST paid and received, including reconciliation with accounts.
9. Assist with GST audits and ensure proper documentation is in place for audit purposes.
10. TDS (Tax Deducted at Source):
11. Calculate and deduct TDS from applicable payments (vendor payments, salary, etc.) as per income tax laws.
12. Ensure timely deposit of TDS with the government and file quarterly TDS returns (Form 24Q, Form 26Q, etc.).
13. Prepare TDS certificates (Form 16/16A) and provide them to employees and vendors.
14. Assist in resolving any TDS-related discrepancies and ensure timely compliance with TDS regulations.
15. Accounting Software (Tally ERP):
16. Manage all financial transactions, including sales, purchase, expenses, and payroll entries, using Tally ERP.
17. Generate financial reports such as Profit & Loss, Balance Sheet, and Trial Balance on a regular basis.
18. Ensure that all entries in Tally are accurate, complete, and in compliance with accounting principles.
19. Manage GST, TDS, and other statutory reports using Tally ERP.
20. General Accounting & Financial Reporting:
21. Assist in the preparation of monthly, quarterly, and annual financial statements and reports.
22. Perform general ledger reconciliation and ensure all discrepancies are addressed.
23. Prepare and maintain financial reports for management review, providing insights on cash flow, expenses, and profitability.
24. Monitor and manage fixed asset records and depreciation schedules.
25. Tax Compliance and Filing:
26. Ensure the timely and accurate filing of income tax returns, GST returns, and TDS returns.
27. Stay updated with changes in tax laws and regulations to ensure compliance.
28. Assist with tax audits and work with external auditors to ensure accuracy and compliance.
29. Financial Audits and Internal Controls:
30. Prepare for and assist with internal and external audits.
31. Ensure all financial transactions are accurate and comply with the company’s internal controls and auditing standards.
32. Monitor financial performance and assist in identifying cost-saving measures.

Key Skills and Qualifications:

1. Bachelor’s degree in Accounting, Finance, or a related field (or equivalent qualification).
2. Proven experience in accounting and finance, with expertise in GST, TDS, and Tally ERP.
3. Strong understanding of Indian tax laws, accounting principles, and financial regulations.
4. Proficiency in Tally ERP, MS Excel, and other financial software.
5. Detail-oriented, with strong analytical and problem-solving skills.
6. Ability to work independently and manage time efficiently to meet deadlines.

Desired Attributes:

1. Strong communication skills to interact with vendors, clients, and tax authorities.
2. High degree of professionalism and integrity in handling confidential financial data.
3. Ability to adapt to new technologies and systems.
4. Ability to work under pressure, manage multiple priorities, and meet deadlines.