Required Accounting Associate - Chennai

Key Responsibilities:

1. Accounts Payable:

• Verify and process vendor invoices, employee reimbursements, and utility bills.
• Match purchase orders with invoices and delivery notes.
• Ensure timely payments to suppliers and maintain a record of outstanding dues.
• Handle payment processing through cheques, NEFT, RTGS, or other online platforms.
• Maintain a record of payment schedules and coordinate with vendors for any discrepancies.

2. Accounts Receivable:

• Generate and send invoices to customers/clients.
• Track payments received and record them accurately in the accounting system.
• Follow up with clients/customers for outstanding dues and maintain aging reports.
• Apply receipts against the correct invoice and handle any payment-related queries.

3. Bank Reconciliation and Cash Handling:

• Perform daily, weekly, and monthly bank reconciliations for all company bank accounts.
• Reconcile petty cash and maintain records of cash disbursements.
• Identify and report discrepancies or unusual transactions to senior finance staff.

4. General Ledger and Journal Entries:

• Record journal entries for expense accruals, provisions, depreciation, and other adjustments.
• Assist in maintaining accurate general ledger accounts.
• Perform month-end and year-end adjustments as required.

5. Financial Reporting and Documentation:

• Assist in preparing financial reports such as profit and loss statements, balance sheets, and trial balances.
• Support external and internal audits by providing necessary documents and information.
• Maintain proper filing and documentation of all financial records (in physical and digital format).
• Ensure compliance with organizational policies and accounting standards.

6. Taxation and Statutory Compliance Support:

• Assist in the preparation of GST returns, TDS payments, and filing.
• Help prepare data for income tax returns, audits, and statutory filings.
• Ensure accurate documentation for tax-related entries and deductions.

7. Software and Data Entry:

• Accurately enter financial transactions into accounting software (such as Tally, QuickBooks, Zoho Books, SAP, etc.).
• Maintain and update Excel spreadsheets for budgets, reports, and reconcil