1. Accounts Payable (A/P) and Expense
Management:
- Manage
day-to-day processing of vendor invoices.
- Implement
accurate record keeping by matching POs, receipts, and invoices.
- Execute
payments via corporate banking and integrated payment platforms.
- Oversee
employee expense reimbursement.
2. Accounts
Receivable (A/R) and Revenue Tracking
- Issue timely, accurate,
GST-compliant invoices, including proper HSN/SAC codes.
- Establish and
communicate transparent payment terms (due dates) on every invoice.
- Manage outstanding dues
through follow-ups, and regular review of aged receivables.
- Accurately record all
sales and revenue entries in general ledger.
3. General
Ledger (GL) and Month-End Support:
- Maintain financial
records using localized accounting software (e.g., Zoho Books),
- Ensure all transactions
are recorded using the Accrual Basis of accounting.
- Support monthly,
quarterly, and year-end closing, reporting (P&L;, BS, Cash Flow).
B. Compliance, Treasury, and Audit Readiness
1. Treasury
and Cash Management:
- Perform mandatory
monthly Bank Reconciliation Statement (BRS)
- Identify, document, and
resolve unmatched transactions.
- Monitor weekly cash flow
to provide insights
2. Statutory
Compliance (GST & TDS):
- Support timely
preparation, validation, and submission of monthly/quarterly GST
returns (GSTR-1, GSTR-3B).
- Conduct meticulous
reconciliation of GSTR-2A and GSTR-2B with internal purchase
records to ensure accurate Input Tax Credit (ITC) claims.
- Assist in calculating TDS
liabilities, ensuring timely deposit of taxes and preparation of
GSTR-7 returns.
- Proactively monitor
Annual Aggregate Turnover (AATO) and prepare for mandatory compliance
triggers (e.g., e-invoicing).
3. Audit
and MIS Reporting:
- Ensure all supporting
documentation for audit readiness.
- Assist in creating
routine monthly Management Information System (MIS) reports
- Coordinate with external
and internal auditors with any queries