Financial Accountant
Financial Accountant
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Job Description
Financial Accountant
Responsibilities:
The Financial Accountant is responsible for overseeing all aspects of the companys accounts and financial/compliancerelated activities. This role ensures accurate financial reporting manages daytoday financial operations and ensures compliance with statutory requirements.
Key Activities:
A) DaytoDay Activities:
- Manage Accounts Receivables including invoicing payments credits estimates and negotiations/followups.
- Conduct followup phone calls/emails to track billing records payment requests and bank statements.
- Validate Sales & Purchase Entries to ensure accuracy and completeness.
- Validate Reimbursements Expenses Approvals Payments and maintain accurate bookkeeping records.
- Ensure timely Cash & Bank Payments (Vendor) and Cash & Bank Receipts (Customer).
- Validate Journal entries and ensure proper allocation to appropriate account heads.
- Validate Bank Reconciliation Statements to ensure accuracy and resolve discrepancies.
- Validate Ledger Reconciliation Statements to ensure consistency with financial records.
B) Statutory:
- Validate data for GSTR1 & 3B filing and ensure compliance with GST regulations.
- Verify GST Reconciliation with Books to reconcile tax liabilities and payments.
- Validate monthly TDS working make payments and file quarterly returns.
- Validate TDS quarterly return data and ensure accurate filing.
- Generate Employee Form 16 and Vendor Form 16A to comply with tax regulations.
- Reconcile Duties & Taxes ledger balance with GST portal and ensure accurate reporting.
- Validate GST input credit using GSTR 2A and take necessary actions to rectify discrepancies.
- Validate data reconciliation of 26AS with books to ensure accuracy in tax reporting.
- Handle annual Income tax filing and ensure compliance with tax regulations.
- Prepare and file GSTR 9 & 9C to comply with GST requirements.
- Manage monthly Professional Tax payments and returns.
- Handle monthly ESI Payments and Returns as per statutory requirements.
- Manage monthly Provident Fund Payments and Returns.
- Ensure timely renewal of Labour License and DSC Renewals
Expectations:
- Strong knowledge of accounting principles statutory regulations and compliance requirements.
- Proficiency in accounting software and Microsoft Excel.
- Excellent communication skills both verbal and written.
- Strong analytical and problemsolving abilities.
- Ability to work independently and as part of a team.
- Attention to detail and accuracy in work.
- Ability to manage multiple tasks and prioritize effectively.
- Relevant certifications (e.g. CPA CA) are a plus.
Qualifications:
Bachelors degree in Accounting Finance or related field preferred.
Experience:
2 years proven experience in financial accounting and compliance preferably in a similar role.
Remuneration:
Up to 3.60 Lakhs Per Annum
Location:
Hyderabad
Employment Type
Full Time
