Accounts Executive

Accountant

A senior accountant is responsible for managing day-to-day accounting operations, ensuring accuracy in financial records, and compliance with tax regulations, including TDS (Tax Deducted at Source) and GST (Goods and Services Tax). Here are the key roles and responsibilities of a senior accountant:

1. Daily Accounts Keeping

· Transaction Recording: Ensuring that all financial transactions are accurately recorded in the accounting system.

· Journal Entries: Preparing and posting journal entries for all financial transactions, including sales, purchases, expenses, and payments.

· Bank Reconciliation: Performing daily bank reconciliations to match bank statements with the company’s financial records.

2. Tax Management

· TDS (Tax Deducted at Source)

o TDS Calculation: Ensuring the correct calculation of TDS on various payments such as salaries, contractor payments, rent, and professional fees.

o TDS Deduction: Timely deduction of TDS as per applicable rates and guidelines.

o TDS Deposit: Ensuring TDS is deposited with the government within the prescribed timeframe.

o TDS Returns: Preparing and filing quarterly TDS returns (Form 24Q, 26Q, etc.) accurately and on time.

o TDS Certificates: Issuing TDS certificates (Form 16, 16A) to deductees within the stipulated time.

· GST (Goods and Services Tax)

o GST Calculation: Calculating GST on sales and purchases, ensuring correct application of CGST, SGST, and IGST rates.

o GST Input Tax Credit (ITC): Managing and reconciling input tax credits to ensure they are claimed correctly.

o GST Payments: Ensuring timely payment of GST liabilities to avoid penalties and interest.

o GST Returns Filing: Preparing and filing monthly/quarterly GST returns (GSTR-1, GSTR-3B, GSTR-9, etc.) accurately and on time.

o GST Compliance: Staying updated with changes in GST laws and ensuring compliance with current regulations.

3. Financial Reporting

· Daily Reports: Preparing daily financial reports for senior management, providing insights into cash flow, expenses, and key financial metrics.

· Ledger Reviews: Regularly reviewing ledgers to identify and rectify discrepancies.

5. Documentation and Record-Keeping

· Documentation: Maintaining thorough and accurate financial records and documentation to support transactions.

6. Communication and Coordination

· Vendor Coordination: Liaising with vendors and suppliers regarding payment terms and invoice discrepancies.

· Tax Authorities: Communicating with tax authorities for clarifications, compliance, and issues related to TDS and GST.

7. Internal Controls and Compliance

§ Establish and maintain effective internal controls to safeguard company assets and ensure compliance with financial policies, procedures, and regulatory requirements.

§ Assist in periodic internal audits and risk assessments to identify control weaknesses and implement corrective actions.

§ Assist statutory auditors for annual/half yearly audits.

In summary, a senior accountant is responsible for meticulous day-to-day accounting operations, tax management, compliance with TDS and GST regulations, accurate financial reporting, and maintaining robust financial records to support the organization’s financial integrity and regulatory adherence.

Job Types: Full-time, Permanent

Pay: ₹15,000.00 - ₹30,000.00 per month

Ability to commute/relocate:

• Aluva, Kerala: Reliably commute or planning to relocate before starting work (Required)

Experience:

• Accounting: 2 years (Required)
• Microsoft Excel- advanced: 2 years (Required)

Work Location: In person