Senior Accountant

About Rapido -

We’re India’s largest Bike Taxi App service and making quick strides in app-based auto rickshaws and delivery, among others. We’re on a mission to revolutionize the way people commute. And while we’re at it, we aim at creating a workplace that is fun, inclusive and perfectly fits all!

The Roles and Responsibilities Include -

1. Management of Fixed Asset Register for Holding and Subsidiary Companies:

o Maintaining a comprehensive and up-to-date fixed asset register, covering both the

holding company and its subsidiaries.

o Recording asset acquisitions, disposals, transfers, and depreciation in accordance with

company policy and applicable accounting standards.

o Ensuring appropriate classification and tagging of assets.

2. Control over Fixed Asset Records by Maintaining Reconciliation with HR and IT Team

Records:

o Coordinating with HR and IT departments to maintain alignment between asset records

(e.g., computers, office furniture etc) and employee assignment records.

o Performing monthly reconciliations between fixed asset register and physical

verification reports provided by HR and IT.

o Investigating discrepancies and ensuring corrective action is taken.

o Recording of asset purchase, sale/disposal in books on a timely basis.

3. Various Reconciliation Activities (Vendor, Fixed Costs, etc.):

Vendor Reconciliation:

 Reconciliation of vendor statements with internal purchase records and accounts payable ledgers.

 Resolving mismatches and communicating with vendors to ensure accuracy of balances.

 Reconciliation of the debit balance sitting in the books.

o Fixed Cost Reconciliation:

 Quarterly verifying fixed cost accounts against supporting documents and contracts.

 Ensuring correct accrual and payment treatment.

o Other reconciliations as needed (e.g., intercompany balances).

4. Identification of Discrepancies in Accounting:

o Recording of financial transactions including sales, purchases, receipts, payments, and journal entries.

o Conducting detailed reviews and analyses of financial transactions to identify errors, omissions, or irregularities.

o Investigating reasons for discrepancies and ensuring corrective journal entries are posted in a timely manner.

o Reporting significant discrepancies to management and recommending process improvements.

o Ensuring accurate and timely recording of financial transactions in compliance with applicable accounting standards and internal policies.

5. Control over Fixed Cost Accruals:

o Monitoring and recording accruals related to fixed costs such as tech and communication cost.

o Ensuring correct accounting treatment of accruals, with proper support and approvals.

o Reconciling accrued amounts at month-end to avoid overstatement or understatement of expenses.

Key Skills and Competencies:

In-depth knowledge of Tally ERP software and sound