Senior Accountant

Job Description

Data Entry and Bookkeeping:

• Enter financial transactions, including sales, purchases, expenses, and payments, into Tally.
• Maintain accurate records of accounts payable and accounts receivable.
• Record bank transactions, reconciling them with bank statements.
• Accounts Receivable/Payable Management.

• Generate invoices and track their status.
• Update payment records and handle payment discrepancies.
• General Ledger Management.

• Reconcile ledger accounts to ensure accuracy.

Financial Reporting:

• Generate various financial reports, including profit and loss statements, balance sheets, and cash flow statements.
• Prepare financial statements for internal and external stakeholders.

Taxation and Compliance:

• Calculate and file GST (Goods and Services Tax) returns using Tallys tax features.
• Ensure compliance with tax regulations and guidelines.
• Generate reports for tax audits and assessments.

Bank Reconciliation:

• Reconcile bank statements with Tally records to identify and resolve discrepancies.

Financial Analysis:

• Analyze financial data to identify trends, patterns, and areas for improvement.
• Provide insights and recommendations to management based on financial analysis.

Income Statement (Profit and Loss Statement):

• Shows the companys revenues, expenses, and profits over a specific period.
• Highlights the companys ability to generate profit from its operations.

Balance Sheet:

• Provides a snapshot of the companys financial position at a specific point in time.
• Lists the companys assets, liabilities, and shareholders equity.

Cash Flow Statement:

• Tracks the inflow and outflow of cash during the reporting period.
• Highlights the companys ability to manage its cash flow effectively.

Accounts Receivable Aging Report:

• Details the outstanding invoices and how long they have been overdue.
• Helps monitor the companys receivables and identify potential cash flow issues.

Expense Report:

• Breaks down the companys expenses by category (e.g., salaries, utilities, marketing).
• Provides insights into spending patterns and helps control costs.

• Breaks down revenue by the different services or products offered by the IT company.
• Helps evaluate the performance of various offerings.

• Includes relevant KPIs specific to the IT industry, such as client retention rate, project completion rate, and more.
• Helps monitor the companys performance against set goals.

Year-End Closing Activities:

• Assist in year-end closing procedures, including adjusting entries and preparing financial statements for audit and tax filing.

Data Backup and Security:

• Regularly backup Tally data to prevent data loss.
• Implement security measures to protect sensitive financial information.

Training and Support:

• Provide training and support to junior accounting staff in using Tally effectively.