Accountant

Role Overview

Accountant

Key Responsibilities

1. General Accounting & Financial Management

• Manage day-to-day accounting entries in QuickBooks or similar ERP.
• Record and reconcile accounts payable (vendor invoices) and accounts receivable (client billing).
• Maintain general ledger, journal entries, and bank reconciliations.
• Manage month-end and year-end closing activities including accruals, prepayments, and intercompany reconciliations.
• Prepare financial statements (P&L, Balance Sheet, Cash Flow) in compliance with

  US GAAP

  .
• Support internal controls, accounting policies, and audit readiness.

2. Client Billing & Revenue Recognition

• Process payroll for internal employees and consultants placed at client sites.
• Handle statutory compliance and coordinate with HR/payroll team
• Validate consultant timesheets and ensure accurate billing in line with client contracts and rate agreements.
• Track unbilled revenue, deferred income, and revenue recognition as per US GAAP.
• Reconcile billing vs. payroll to ensure accuracy in margin reporting.

3. Payroll Accounting & Compliance

• Coordinate with Payroll team and oversee biweekly payroll for internal employees and W2 consultants.
• Manage accounting for

  1099/C2C contractors

  , ensuring correct classification and tax reporting.
• Reconcile payroll liability accounts and manage year-end W2/1099 reporting.

4. Accounts Receivable & Payable

• Maintain AR and AP schedules, reconcile accounts, and manage cash flow.
• Monitor outstanding receivables, prepare aging reports, and coordinate collections.
• Process vendor payments and employee reimbursements with proper approvals.
• Ensure compliance with client payment terms and vendor contracts.

5. Financial Analysis & Reporting

• Provide monthly MIS reports and financial dashboards for management review.
• Assist in budgeting, forecasting, and variance analysis.
• Support management with strategic financial insights for decision-making.

6. Audit, Tax & Compliance

• Coordinate with external auditors and CPA firms for annual audits and tax filings.
• Ensure compliance with

  federal, state, and local tax laws

  , including sales/use tax and payroll taxes.

• Experience:

• Aleast 3 years in

  US IT staffing or consulting

  .
• Strong understanding of

  W2, 1099, and C2C

  employment and billing models.

• Technical Skills:

• Proficiency in accounting software such as

  QuickBooks or Zoho Books

  .
• Familiarity with

  payroll platforms

  (ADP, Paychex).
• Strong command of

  Excel

  for reporting and reconciliation.
• Knowledge of

  US GAAP

  ,

  AR/AP management

  , and

  payroll tax compliance

  .

• Soft Skills:

• Strong analytical and problem-solving skills.
• Excellent communication and collaboration abilities.
• Detail-oriented with high accuracy and accountability.
• Ability to work in a fast-paced, deadline-driven environment.