Accountant Trainee

ROLE'S & RESPONSIBILITIES

MS Office and good "Tally knowledge" very must*

Good knowledge of accounting regulations and procedures & GST.

Good communication skills.

General Ledger knowledge. 1. Financial Reporting:

Prepare and maintain accurate financial statements, including balance sheets, income statements, and cash flow statements.

Ensure all financial reporting deadlines are met.

2. General Ledger Management:

Oversee and reconcile general ledger accounts.

Post journal entries and ensure the accuracy of financial data.

3. Accounts Payable and Receivable:

Manage accounts payable and receivable processes.

Verify invoices, process payments, and follow up on outstanding receivables.

4. Tax Preparation and Compliance:

Prepare federal, state, and local tax returns.

Ensure compliance with tax regulations and timely filing of returns.

5. Budgeting and Forecasting:

Assist in the development of annual budgets and financial forecasts.

Monitor and report on variances between budgeted and actual expenses.

6. Audit Support:

Coordinate with internal and external auditors during audits.

Provide necessary documentation and explanations for audit inquiries.

7. Payroll Processing:

Oversee payroll processing and ensure accurate calculation of wages, taxes, and deductions.

Ensure compliance with labor laws and tax requirements.

8. Financial Analysis:

Conduct financial analysis to identify trends, risks, and opportunities.

Provide insights and recommendations to management.

9. Regulatory Compliance:

Ensure adherence to Generally Accepted Accounting Principles (GAAP) and other relevant regulations.

Stay updated on changes in accounting laws and standards.

10. Software and Tools:

Use accounting software such as QuickBooks, NetSuite, or SAP.

Leverage Excel and other data analysis tools for reporting and tracking.

11. US Accounting Knowledge