Required Accountant - Ahmedabad

Job Summary:

The Accountant Jewelry Industry will be responsible for managing day-to-day financial transactions, inventory accounting, GST compliance, reconciliation, and assisting with audits. This role is integral in maintaining financial accuracy and ensuring all statutory requirements are met while supporting management in key financial decisions. Experience in handling accounts for a jewelry business including cost tracking of raw materials (gold, silver, diamonds), karigar (artisan) payments, melting loss calculations, and sales ledger maintenance is highly preferred.

Key Responsibilities:

1. Daily Accounting Operations:

• Record and monitor all day-to-day financial transactions using Tally ERP or similar accounting software.
• Maintain ledgers including sales, purchases, expenses, and bank/cash books.
• Prepare journal entries and ensure accurate accounting of all transactions.
• Post and process journal entries to ensure all business transactions are recorded accurately.

2. Inventory & Stock Accounting (Jewelry-Specific):

• Maintain inventory valuation records for gold, silver, diamonds, and other precious stones.
• Track daily stock-in and stock-out, including purchases, sales, production, and wastage.
• Reconcile physical inventory with system stock regularly.
• Calculate and record wastage, melting losses, and conversion of raw gold to finished goods.

3. Karigar & Job Work Accounting:

• Maintain detailed records of karigar (artisan) transactions, job work entries, and finished goods issued/received.
• Track gold and silver issued to karigars and reconcile balances regularly.
• Ensure proper entries for labor charges and job card updates.

4. Taxation and Compliance:

• Prepare and file monthly GST returns (GSTR-1, GSTR-3B) and ensure timely payment of tax liabilities.
• Generate E-invoices and E-way bills for movement of goods.
• Assist in TDS computation, return filing, and vendor compliance.
• Stay updated on GST rules applicable to precious metal/jewelry businesses.

5. Banking and Reconciliation:

• Handle bank transactions including deposits, withdrawals, NEFT/RTGS payments, and loan-related work.
• Reconcile bank statements monthly and resolve discrepancies.
• Maintain petty cash book and reconcile daily expenses.

6. Reporting & Audit Support:

• Prepare monthly financial statements such as P&L, balance sheet, cash flow.
• Assist external auditors during internal and statutory audits.
• Maintain audit-ready documentation of bills, vouchers, ledgers, and contracts.

7. MIS and Financial Analysis:

• Generate customized MIS reports for management review including stock status, sales margins, and expense summaries.
• Support decision-making with financial analysis on cost, pricing, and profitability.