Senior Accountants perform complex accounting activities and financial analyses. In some instances, they are the point of contact between junior accountants and accounting managers and directors, serving to enforce and monitor compliance with company-wide accounting policies and procedures.
Role & Responsibilities:
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.
Monitor customer and supplier accounts to ensure timely payments and collections.
- Generate invoices and track their status.
- Update payment records and handle payment discrepancies.
- General Ledger Management.
Maintain the general ledger,
recording journal entries and adjusting entries.
- 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 Tally's 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 company's revenues, expenses, and profits over a specific peri