The Accounts Manager is responsible for managing the company’s day-to-day accounting operations, ensuring accurate books of accounts, timely payments and collections, proper cash management, statutory compliance, and reliable financial reporting to management.
Key Responsibilities
1. Daily Accounting Operations
- Supervise day-to-day accounting entries and ensure transactions are recorded accurately.
- Review purchase, sales, expense, receipt and payment entries.
- Monitor bank transactions, cash transactions and petty cash.
- Ensure proper documentation and supporting bills for every transaction.
- Review and reconcile outstanding advances, employee expenses and vendor balances.
2. Bank & Cash Management
- Perform regular bank reconciliations.
- Monitor cash balances and cash requirements.
- Maintain control over petty cash and company floats.
- Identify unusual transactions, excess cash withdrawals or unexplained variances.
- Ensure cash is deposited and accounted for on time.
3. Accounts Payable & Receivable
- Monitor vendor outstanding payments and payment schedules.
- Track customer/party receivables and overdue amounts.
- Follow up with relevant departments for pending collections.
- Verify invoices before processing payments.
- Maintain accurate ageing reports for payables and receivables.
4. Payroll & Employee Accounts
- Coordinate monthly payroll processing.
- Verify attendance, salary changes, deductions, advances and reimbursements.
- Maintain records of employee loans and advances.
- Ensure salary-related accounting entries are accurate and timely.
5. Statutory Compliance
- Coordinate timely GST, TDS and other applicable statutory filings.
- Ensure tax deductions and payments are properly recorded.
- Coordinate with auditors, consultants and statutory authorities when required.
- Maintain proper documentation for statutory compliance and audits.
6. Month-End Closing & Reporting
- Complete monthly closing o