An Accountant is responsible for managing and maintaining the financial records of an organization while ensuring accuracy, transparency, and compliance with statutory regulations. The role plays a crucial part in monitoring financial health, controlling expenses, and supporting management in making informed business decisions. Accountants handle day-to-day accounting operations, financial reporting, taxation compliance, and internal financial controls.
The primary responsibility of an Accountant is to record all financial transactions accurately. This includes maintaining purchase entries, sales entries, payment vouchers, receipt vouchers, journal entries, and expense records. The Accountant ensures that all financial data is properly documented and updated in accounting software such as Tally, Busy, SAP, or other ERP systems.
The Accountant manages accounts payable and accounts receivable by tracking outstanding payments, preparing invoices, following up with customers for receivables, and ensuring timely vendor payments. Maintaining healthy cash flow and monitoring financial transactions is a key responsibility of this role.
Bank reconciliation is another important function. The Accountant regularly compares company financial records with bank statements to identify discrepancies and ensure accurate balances. Cash handling, petty cash management, and monitoring daily cash transactions are also part of routine duties.
Taxation and statutory compliance form a major part of accounting responsibilities. The Accountant prepares and files GST returns, manages input and output tax records, handles TDS calculations and filings, and ensures compliance with applicable financial laws and regulations. Coordination with auditors, tax consultants, and government authorities may also be required.
The role includes preparing financial reports such as profit and loss statements, balance sheets, expense reports, and monthly financial summaries. These reports help management evaluate company performance, control budgets, and plan future financial strategies.
An Accountant may also assist in payroll processing by maintaining salary records, calculating deductions such as PF and ESI, preparing salary sheets, and ensuring timely salary disbursement. Maintaining employee reimbursement records and financial documentation is also included.
Inventory accounting and stock reconciliation may be required, especially in retail, trading, or FMCG companies. The Accountant verifies stock records, checks purchase costs, and ensures proper valuation of inventory.
Strong attention to detail, analytical thinking, and confidentiality are essential qualities for an Accountant. The role requires excellent numerical ability, problem-solving skills, and proficiency in MS Excel and accounting software. Effective communication skills are necessary for coordination with internal departments, vendors, and auditors.
Key Responsibilities
Maintain accurate financial records and bookkeeping
Record daily transactions and accounting entries
Manage accounts payable and receivable
Perform bank reconciliation statements
Prepare GST, TDS, and statutory compliance reports
Generate financial statements and reports
Monitor expenses and maintain budgets
Handle billing, invoicing, and payment follow-ups
Support audits and financial inspections
Maintain documentation and financial data security
Required Skills
Knowledge of accounting principles and taxation
Experience with accounting software (Tally, Busy, ERP)
Strong MS Excel skills
Analytical and numerical ability
Time management and organizational skills
Accuracy and attention to detail