Required Accounting Associate - Pune

Key Responsibilities:

1. Accounts Payable and Receivable:

• Process vendor invoices, verify payment terms, and ensure timely payment approvals.
• Match purchase orders, receipts, and invoices to verify accuracy.
• Generate and issue customer invoices, follow up on overdue accounts, and maintain AR aging reports.
• Respond to vendor and customer inquiries regarding payments and account status.

2. General Ledger and Journal Entries:

• Assist in the preparation and posting of journal entries related to expenses, accruals, prepayments, and other routine transactions.
• Support month-end and year-end closing activities.
• Reconcile general ledger accounts and ensure accuracy of financial records.
• Track and record fixed asset additions, disposals, and depreciation.

3. Bank and Account Reconciliations:

• Reconcile bank statements with internal cashbook records.
• Investigate discrepancies or unusual transactions and resolve them promptly.
• Maintain records of daily bank transactions and fund movements.
• Assist in cash flow reporting and forecasting.

4. Financial Reporting and Documentation:

• Prepare routine financial reports such as balance sheets, profit and loss statements, trial balances, and cash flow statements.
• Maintain proper documentation of accounting records in compliance with internal controls and audit requirements.
• Assist with the preparation of financial statements during audits or internal reviews.
• Support tax filings by organizing and providing necessary data.

5. Compliance and Controls:

• Ensure compliance with applicable accounting standards (such as GAAP or IFRS), statutory laws, and internal financial policies.
• Assist in preparing GST, TDS, and other statutory returns.
• Help maintain documentation and filing of compliance records for audits and regulatory submissions.
• Identify and flag inconsistencies in financial transactions or procedures.

6. Support to Senior Accounting Staff:

• Provide administrative and technical support to senior accountants and finance team leaders.
• Assist in special projects, budgeting tasks, financial analysis, or process improvements.
• Participate in ERP/Accounting system upgrades, testing, and implementation where needed.
• Support internal and external audit processes by preparing requested documents.