Ledger management: Maintain various ledgers, including the general ledger, cash books, and bank books. Record day-to-day transactions such as sales, purchases, receipts, and payments.
Reconciliations: Perform regular bank and vendor reconciliations to ensure the accuracy of financial records and identify any discrepancies.
Payroll management responsibilities
Statutory deductions: Calculate and manage all relevant statutory deductions from employee salaries, including Provident Fund (PF), Employee State Insurance (ESI), and Tax Deducted at Source (TDS).
Payslip generation: Create and distribute detailed payslips to all employees.
Tax and statutory compliance
TDS compliance:
Deduct TDS from vendor payments and employee salaries as per the income tax regulations.
ESI compliance:
Accurately calculate and manage both employee and employer ESI contributions.
PF compliance:
Ensure timely payment of contributions and administration charges to the Employees' Provident Fund Organisation (EPFO).
GST compliance:
Ensure correct bookkeeping of transactions that fall under the Goods and Services Tax (GST).
Tally:
Use the payroll module in Tally to manage employee data, process salaries, and handle statutory deductions automatically.
Excel:
Master key functions and features, such as VLOOKUP and Pivot Tables, to manage and analyze large sets of financial and payroll dat