Accounts Executive

The Accounts Executive will be responsible for managing the daily financial transactions and records of the hostel, ensuring accuracy, compliance with regulations, and timely reporting. This role requires a detail-oriented individual with a strong understanding of accounting principles and hospitality operations to support the hostel's financial health and strategic decision-making. 

Key Responsibilities

Financial Operations & Record Keeping:

• Manage accounts payable (AP) and accounts receivable (AR) processes, including verifying invoices, processing payments to vendors, and collecting payments from guests or third-party booking agents.

• Record and maintain all day-to-day business transactions (sales, purchases, receipts, payments) accurately in the accounting software (e.g., Tally Prime, QuickBooks).

• Perform daily cash management functions, including tracking daily cash deposits and reconciling all cash flow activities.

• Conduct monthly bank reconciliations and general ledger reconciliations to resolve discrepancies and ensure accuracy. 

Reporting & Compliance:

• Assist in the preparation of monthly, quarterly, and annual financial statements, including income statements, balance sheets, and cash flow statements.

• Prepare and submit tax returns and other statutory filings (e.g., GST, TDS) and ensure compliance with all local financial regulations and laws.

• Support internal and external audits by preparing necessary documentation and providing information. 

Budgeting & Analysis:

• Assist in budget preparation and financial forecasting processes.

• Analyze financial data and identify trends to provide insights and recommendations for cost-saving initiatives and revenue enhancement to management.

• Monitor actual results against budgeted amounts and report on variances. 

Interdepartmental Collaboration:

• Work closely with other departments (e.g., Front Desk, Operations) to ensure accurate and timely financial information and smooth operations.

• Handle guest/vendor queries and complaints regarding bills, invoices, or payments, ensuring a professional and satisfactory resolution. 

Qualifications & Skills

• Education: Bachelor's degree in Accounting, Finance, Commerce, or a related field.

• Experience: Proven experience as an Accounts Executive or in a similar accounting role, preferably within the hospitality industry (hotel/hostel).

• Technical Skills:

  • Proficiency in accounting software (e.g., Tally Prime, QuickBooks).

  • Strong proficiency in Microsoft Office, particularly Excel (for financial analysis and reporting).

  • Familiarity with Property Management Systems (PMS) is a plus.

• Soft Skills:

  • Excellent attention to detail and a high level of accuracy.

  • Strong analytical and problem-solving skills.

  • Excellent communication (written and verbal) and interpersonal skills.

  • Strong organizational and time-management skills, with the ability to manage multiple tasks simultaneously.

  • Ability to work independently and collaboratively as part of a team. 

• It is a Full Time Accountant job for candidates with 1 - 6+ years Experience.

More about this Accounts Executive job

1. What is the eligibility criteria to apply for this Accounts Executive job?
   Ans: The candidate should be Graduate and above and above with 1 - 6+ years Experience of experience
2. How much salary can I expect for this job role?
   Ans: You can expect a salary of ₹20000 - ₹35000 per month that depends on your interview. It's a Full Time job in Delhi.
3. How many working days are there for this Accounts Executive job?
   Ans: This Accounts Executive job will have 6 working days.
4. Are there any charges applicable while applying or joining this Accounts Executive job?
   Ans: No, there is no fee applicable for applying this Accounts Executive job and during the employment with the company, i.e., Bookmybed.
5. Is it a work from home job?
   Ans: No, it’s not a work from home job and can't be done online.
6. How many openings are there for this Accounts Executive role?
   Ans: There is an immediate opening of 2 Accounts Executive at Bookmybed
7. Who can apply for this job?
   Ans: Both Male and Female candidates can apply for this Accountant job.
8. What are the timings of this Accounts Executive job?
   Ans: This Accounts Executive job has 09:30 AM - 07:00 PM timing.