Account Executive

Qualification: B.COM / M.COM

Must Have Skills:
o Mandatory Expert-level proficiency in Tally Prime is a must.
o Strong understanding and practical experience with E-invoicing and E-way Bill generation.
o Thorough knowledge of GST laws and regulations.
o Proficient in Microsoft Excel for data analysis and reporting.
o Experience with other accounting software or ERP systems (besides Tally) is an advantage.
Key Responsibilities:
Bookkeeping & General Accounting:
o Maintain accurate and up-to-date financial records, including ledgers, journals, and trial balances.
o Record all financial transactions, including purchases, sales, receipts, and payments, ensuring proper classification and allocation.
o Reconcile bank statements, vendor accounts, and customer accounts regularly.
o Prepare and process journal entries for accruals, prepayments, depreciation, and other adjustments.
o Manage petty cash and reconcile daily.
Tally Prime Expertise & Operation:
o Full proficiency in Tally Prime software for all accounting functions.
o Manage and utilize Tally Prime for voucher entry, ledger management, report generation, and data backup.
o Set up and maintain masters for ledgers, stock items, units, and groups accurately in Tally.
Inventory Management & Reconciliation:
o Maintain accurate stock records in Tally Prime, including stock items, batches, and locations (if applicable).
o Record goods inward (purchases) and goods outward (sales/dispatches) correctly.
o Conduct regular physical stock verification and reconcile with Tally records.
o Investigate and resolve inventory discrepancies promptly.
o Assist in optimizing inventory levels to minimize carrying costs and stock-outs.
Invoicing & E-invoicing Compliance:
o Generate sales invoices, purchase invoices, credit notes, and debit notes accurately using Tally Prime.
o Ensure strict compliance with E-invoicing requirements as per GST regulations.
o Generate IRN (Invoice Reference Number) and QR codes through the IRP (Invoice Registration Portal) or integrated Tally features.
o Handle E-way Bill generation and management in coordination with the despatch team.
o Ensure all invoicing aligns with commercial terms and tax laws.
Taxation (GST & TDS) & Compliance:
o Calculate and ensure timely and accurate payment of GST (Goods and Services Tax).
o Prepare and file monthly/quarterly GST returns (GSTR-1, GSTR-3B, etc.) using Tally Prime and other relevant tools.
o Manage TDS (Tax Deducted at Source) deductions, payments, and filing of TDS returns (Form 26Q, 24Q etc.).
o Assist in preparing for and facilitating statutory audits.
Accounts Receivable & Payable:
o Manage accounts receivable, including invoicing, tracking payments, and following up on overdue accounts.
o Manage accounts payable, ensuring timely and accurate processing of vendor invoices and payments.
o Reconcile vendor statements and resolve payment discrepancies.
Reporting & Analysis:
o Prepare various financial reports, including Profit & Loss statements, Balance Sheets, and Cash Flow statements, for management review.
o Generate customized reports from Tally Prime as required for business analysis.
o Assist in budgeting and forecasting activities.
Knowledge & Abilities:
o Sound understanding of Indian accounting standards and financial principles.
o Attention to detail and a high level of accuracy.
o Strong analytical and problem-solving skills.
o Ability to manage multiple tasks and meet deadlines.
o Excellent communication and interpersonal skills.
o High level of integrity and professional ethics.
o Ability to work independently and collaboratively within a team.