Required Accountant - Nagpur

Job Summary:

We are looking for a detail-oriented& Accountant to join our finance department. The ideal candidate will be responsible for managing day-to-day accounting activities, maintaining financial records, preparing reports, and ensuring compliance with accounting standards and regulations. The role requires strong analytical skills, accuracy, and the ability to meet deadlines. An accountant plays a crucial role in ensuring the financial stability and integrity of the organization by overseeing financial data, assisting in audits, reconciling accounts, and preparing budgets and financial reports.

Key Responsibilities:

1. Financial Record Keeping:

• Maintain and update all financial records including general ledger entries, invoices, payments, receipts, vouchers, and journal entries.
• Ensure timely and accurate data entry in accounting software or ERP systems.
• Organize and maintain accounting files and documents for audit and compliance purposes.

2. Accounts Payable & Receivable:

• Manage and process all vendor payments after verifying bills and ensuring appropriate approvals.
• Prepare accounts payable/receivable reports and track payment due dates.
• Reconcile customer and vendor accounts and follow up on overdue invoices.
• Record customer payments and update outstanding balances.

3. Bank Reconciliation:

• Perform daily and monthly bank reconciliations to ensure the accuracy of financial data.
• Identify and resolve discrepancies between bank statements and company records.
• Maintain petty cash and reconcile it regularly.

4. Taxation and Compliance:

• Assist in the preparation and filing of GST returns, TDS, income tax, and other statutory filings.
• Ensure compliance with government regulations and timely payment of all taxes.
• Maintain records related to tax deductions, input credits, and financial compliance.

5. Payroll Assistance:

• Collaborate with HR and payroll departments to ensure accurate salary processing.
• Handle employee reimbursements, advances, and deductions as per company policy.
• Maintain records of employee salary structures, bonus payments, and statutory deductions (PF, ESI, etc.).

6. Financial Reporting:

• Prepare financial statements including profit & loss accounts, balance sheets, and cash flow statements.
• Generate periodic management reports for review by senior leadership.
• Support budgeting and forecasting processes by providing accurate and updated financial data.
• Monitor actual vs. budgeted expenses and report variances.

7. Audit Coordination:

• Assist in internal and external audits by providing necessary documentation and explanations.
• Ensure audit requirements are met and implement recommended changes to strengthen internal controls.
• Respond to auditor queries in a timely and professional manner.