Senior Accountant

Bank reconciliation responsibilities

• Monthly reconciliation: Conduct monthly comparisons of the company's internal cash ledger with the bank statements. This involves reconciling all deposits, withdrawals, and bank charges to ensure accuracy.
• Identify and resolve discrepancies: Investigate and resolve all unreconciled differences. Common items include outstanding checks, deposits in transit, bank errors, or unrecorded interest and charges.
• Prepare detailed reports: Document the reconciliation process and findings in a detailed report for management review. This ensures transparency and helps identify potential issues early.
• Fraud detection: Use the reconciliation process to identify and prevent fraudulent activities by flagging unusual or unauthorized transactions.
• Cash flow forecasting: Provide management with a clear picture of the company's cash position by analyzing bank reconciliation data and trends.

GST compliance and reporting

• Return filing: Ensure the accurate and timely preparation and filing of all Goods and Services Tax (GST) returns, including GSTR-1 (outward supplies), GSTR-3B (summary of inward and outward supplies), and the annual GSTR-9.
• Reconciliation: Reconcile sales and purchase records with the GST portal data (GSTR-2B vs. books) to maximize Input Tax Credit (ITC) claims and ensure compliance.
• Invoice management: Manage and verify GST-compliant invoices, including e-way bills, and maintain proper documentation.
• Assessments and audits: Liaise with tax authorities during GST assessments and audits. Respond to queries and notices received from the GST department.

TDS compliance and reporting

• Calculation and deduction: Accurately calculate and deduct Tax Deducted at Source (TDS) on applicable payments, such as salaries, rent, and professional fees, in accordance with the Income Tax Act.
• Payment and filing: Ensure the timely deposit of TDS to the government and the accurate filing of quarterly TDS returns (Forms 24Q and 26Q).
• Certificate issuance: Issue TDS certificates (Form 16/16A) to deductees within the specified deadlines.
• Reconciliation and assessments: Reconcile the TDS ledger with Form 26AS to resolve any mismatches. Assist with income tax assessments and audits.

MIS reports for bank reconciliation, GST, and TDSThe Senior Accountant uses financial data to create Management Information System (MIS) reports, which provide top management with actionable insights. Bank reconciliation MIS reportA bank reconciliation MIS report helps track cash flow, identify risks, and ensure the integrity of financial data. Key components include:

• Cash position summary: A snapshot of the current and projected cash balance.
• Summary of unreconciled items: A list of outstanding checks, deposits in transit, and other discrepancies.
• Trend analysis: A comparison of bank and book balances over time to spot trends and potential issues.
• Aging analysis: An aging report of long-pending unreconciled entries.

GST MIS reportA GST MIS report is critical for monitoring compliance, optimizing tax credits, and assessing tax liability. Key components include:

• GST liability and ITC summary: A summary of tax liability and available Input Tax Credit.
• Compliance status: A record of timely filing of returns (e.g., GSTR-1, GSTR-3B) and payment of taxes.
• ITC mismatch analysis: A report comparing GSTR-2A/2B data with the company's purchase register to identify and resolve mismatches.
• Turnover analysis: A review of GST turnover and its impact on overall compliance.

TDS MIS reportA TDS MIS report tracks the status of TDS deductions, payments, and returns to prevent penalties and ensure accuracy. Key components include:

• TDS deduction and payment status: A month-wise report detailing the TDS deducted, deposited, and the status of return filing.
• Deductee-wise data: A detailed report of TDS deducted and deposited for each vendor or deductee.
• TDS mismatch analysis: A comparison of internal TDS records with Form 26AS data to highlight discrepancies.
• Compliance risk assessment: A summary of potential risks and non-compliance issues related to TDS.

Job Types: Full-time, Permanent

Pay: ₹16,035.75 - ₹38,000.00 per month

Benefits:

• Food provided
• Health insurance
• Leave encashment
• Life insurance
• Paid sick time
• Provident Fund

Work Location: In person