Accountant
Year Kottayam, Kerala, India
Job Description
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Purchase Accounting:
- Purchase Order Processing:
- Create and review purchase orders (POs) based on requisitions from various departments.
- Ensure POs are approved according to company policy before being sent to suppliers.
- Goods Receipt:
- Match goods received with purchase orders and supplier invoices.
- Record goods received in the inventory management system.
- Supplier Invoices:
- Verify and process supplier invoices against purchase orders and delivery receipts.
- Ensure accurate coding of invoices to the correct accounts and cost centers.
- Payment Processing:
- Schedule and process payments to suppliers according to agreed payment terms.
- Reconcile supplier statements with company records to resolve any discrepancies.
- Sales Order Processing:
- Review and approve sales orders received from customers.
- Ensure sales orders are entered accurately into the accounting system.
- Invoicing:
- Generate and issue invoices to customers based on delivered goods or services.
- Ensure invoices are compliant with GST laws, including proper documentation of GST amounts.
- Revenue Recognition:
- Recognize revenue according to applicable accounting standards (GAAP or IFRS).
- Ensure revenue is recorded in the correct accounting period.
- Accounts Receivable:
- Monitor accounts receivable aging and follow up on overdue accounts.
- Implement credit control measures to minimize bad debts.
- Expense Recording:
- Record all expenses accurately and timely in the accounting system.
- Ensure expenses are coded to the correct accounts and cost centers.
- Employee Reimbursements:
- Process employee expense reports and ensure compliance with company policy.
- Verify supporting documentation and approve reimbursements.
- Prepaid Expenses:
- Track and amortize prepaid expenses over the relevant periods.
- Ensure accurate allocation of prepaid expenses to the correct periods.
- GST Registration:
- Ensure the company is properly registered for GST and maintain updated registration details.
- GST Invoicing:
- Issue GST-compliant invoices for all taxable supplies.
- Ensure proper classification of goods and services under HSN and SAC codes.
- Input Tax Credit (ITC):
- Track and claim ITC on eligible purchases and expenses.
- Ensure proper documentation and compliance with GST rules for claiming ITC.
- GST Returns:
- Prepare and file periodic GST returns (GSTR-1, GSTR-3B, and annual returns).
- Reconcile GST returns with financial records and rectify any discrepancies.
- GST Payments:
- Calculate and remit GST liability on time to avoid penalties.
- Maintain records of all GST payments made.
- GST Audits and Assessments:
- Coordinate and manage GST audits and assessments.
- Prepare necessary documentation and respond to queries from tax authorities.
- Inventory Recording:
- Maintain accurate records of inventory transactions, including receipts, issues, and transfers.
- Ensure inventory records are updated in real-time.
- Inventory Valuation:
- Apply appropriate methods (FIFO, LIFO, weighted average) for inventory valuation.
- Ensure inventory is valued correctly in financial statements.
- Physical Inventory Counts:
- Conduct regular physical inventory counts and reconcile with system records.
- Investigate and resolve discrepancies between physical counts and recorded inventory.
- Inventory Control:
- Implement and monitor internal controls to prevent inventory theft, loss, and damage.
- Use inventory management software to track stock levels and movements.
- Obsolescence Management:
- Identify slow-moving and obsolete inventory.
- Adjust inventory records and financial statements to reflect obsolescence.
- Reorder Levels:
- Establish and monitor reorder levels to maintain optimal inventory levels.
- Ensure timely replenishment of stock to avoid stockouts.
- Inventory Analysis:
- Analyze inventory turnover ratios and identify trends.
- Provide insights and recommendations for inventory optimization.
- Bachelor's (Preferred)
- Accounting: 10 years (Preferred)
- Tally: 5 years (Preferred)
- total work: 10 years (Preferred)
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Job Detail
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Job IdJD3335387
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationKottayam, Kerala, India
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EducationNot mentioned
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ExperienceYear