Accounts Manager

Job Summary

The Accountant will be responsible for managing day-to-day accounting operations, statutory compliance, payroll processing, reconciliations, financial reporting, and maintaining accurate financial records. The role requires strong knowledge of Tally, taxation, payroll, and accounting principles to support the institution's financial and operational objectives.

Key Roles & Responsibilities

Accounting & Bookkeeping

· Maintain books of accounts in Tally and ensure accurate recording of all financial transactions.

· Pass journal entries, adjustment entries, and month-end closing entries.

· Maintain general ledger and subsidiary ledgers.

· Ensure proper accounting of income, expenses, assets, and liabilities.

Bank & Ledger Reconciliation

· Perform monthly bank reconciliations and resolve discrepancies.

· Conduct ledger reconciliations for customers, vendors, and other accounts.

· Monitor outstanding balances and ensure timely reconciliation.

Accounts Receivable & Payable

· Manage accounts receivable (debtors) and follow up on collections.

· Manage accounts payable (creditors) and ensure timely vendor payments.

· Prepare aging reports for debtors and creditors.

· Verify invoices and supporting documents before processing payments.

Cash Flow & Petty Cash Management

· Monitor daily cash flow and fund requirements.

· Maintain petty cash records and reimbursements.

· Prepare periodic cash flow statements and forecasts.

Sales, Purchase & Inventory Accounting

· Record and monitor sales and purchase transactions.

· Maintain inventory records and stock valuation.

· Coordinate with stores and procurement teams for inventory reconciliation.

Payroll & Employee Benefits

· Process monthly payroll accurately and on time.

· Manage employee reimbursements and payroll-related queries.

· Handle Full & Final Settlement (F&F) of employees.

· Ensure compliance with PF, ESIC, PT, and other statutory requirements.

Taxation & Statutory Compliance

· Knowledge of TDS sections, rates, deductions, and applicability.

· Prepare and file TDS returns and ensure timely tax payments.

· Calculate Professional Tax (PT) and ensure timely filing and payment.

· Assist in income tax computations and related documentation.

· Handle statutory registrations, renewals, and annual returns under Shops & Establishments Act.

Financial Reporting & MIS

· Prepare Profit & Loss statements, Balance Sheet, and MIS reports.

· Generate monthly, quarterly, and annual financial reports.

· Assist management in budgeting and financial analysis.

· Provide data and reports for audits and compliance reviews.

Banking & Correspondence

· Coordinate with banks regarding account operations and documentation.

· Handle bank correspondence, payment processing, and reconciliations.

· Support management in banking-related activities and documentation.

Required Skills & Qualifications

· Bachelor's Degree in Commerce (B.Com), Finance, Accounting, or related field.

· 3–5 years of experience in accounting and finance functions.

· Strong knowledge of Tally ERP/Tally Prime.

· Good understanding of GST, TDS, PT, PF, ESIC, Payroll, and Income Tax.

· Proficiency in MS Excel and financial reporting.

· Strong analytical, reconciliation, and problem-solving skills.

· Excellent communication and documentation abilities.

Key Result Areas (KRAs)

· Accuracy of accounting records and financial transactions.

· Timely completion of reconciliations and statutory filings.

· Efficient management of receivables and payables.

· Payroll accuracy and compliance.

· Timely preparation of MIS and financial reports.

· Effective cash flow management.

· Compliance with all statutory and regulatory requirements.

· Support for audits and management reporting.

• It is a Full Time Accountant job for candidates with 3 - 6 years of experience.