An Accounts and Finance professional manages an organization's financial health by recording transactions, preparing financial statements (balance sheets, P&L), handling payroll, and ensuring tax compliance. Key duties include reconciling bank accounts, conducting audits, monitoring cash flow, and providing insights for budgetary decisions. Typical requirements include a bachelor’s degree in Accounting/Finance and proficiency in software like SAP or QuickBooks.
Key Roles and Responsibilities:
Financial Record Maintenance: Recording, classifying, and summarizing financial transactions to maintain accurate books of accounts.
Reporting & Analysis: Preparing monthly, quarterly, and annual financial statements (Balance Sheet, Income Statement, Cash Flow).
Accounts Payable/Receivable: Managing vendor payments, invoicing, and collecting receivables.
Taxation & Compliance: Ensuring compliance with local, state, and federal tax regulations, including GST, TDS, and filing returns.
Audit & Reconciliation: Performing bank and general ledger reconciliations and coordinating with internal/external auditors.
Budgeting & Forecasting: Assisting in budget preparation, expense management, and financial forecasting.
Payroll Processing: Managing employee payroll, PF, and ESI, including documentation.
Required Skills and Qualifications:
Education: Bachelor’s degree in Accounting, Finance, or a related field.
Technical Skills: Proficiency in accounting software (e.g., SAP, QuickBooks, Tally, Excel).
Analytical Skills: Strong ability to analyze financial data and trends.
Detail-Oriented: High level of accuracy in managing financial data.
Knowledge: Strong understanding of accounting principles (GAAP/IFRS) and tax laws.
Common Job Titles:
Accounts Executive
Financial Accountant
Finance & Accounts Officer
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