The Account Executive is responsible for maintaining accurate financial records, managing export-related accounting transactions, ensuring statutory compliance, coordinating with banks and government authorities, and supporting smooth financial operations of the export business.
Key Responsibilities1. Accounts & Bookkeeping
- Record daily accounting transactions accurately.
- Maintain purchase, sales, receipt, and payment entries.
- Prepare journal vouchers and ledger postings.
- Reconcile bank accounts, cash books, and general ledgers.
- Verify invoices, bills, debit notes, and credit notes.
- Maintain fixed asset and depreciation records.
2. Export Documentation Accounting
- Account export invoices and shipping bills.
- Verify commercial invoices, packing lists, and export documents.
- Maintain export realization records.
- Track export receivables and outstanding payments.
- Coordinate with export documentation and logistics departments.
3. Banking & Foreign Exchange
- Coordinate with banks for export documentation.
- Process Letter of Credit (LC), Bank Realization Certificate (BRC/e-BRC), and export collections.
- Monitor inward remittances from overseas customers.
- Maintain foreign currency transaction records.
- Reconcile export proceeds with bank statements.
4. GST & Tax Compliance
- Prepare GST data for filing.
- Reconcile GSTR-1, GSTR-3B, and purchase registers.
- Verify Input Tax Credit (ITC).
- Assist in TDS calculation and compliance.
- Support statutory audits and tax assessments.
5. Payables & Receivables
- Monitor customer outstanding balances.
- Follow up for payment collections.
- Process supplier payments as per due dates.
- Prepare ageing reports for receivables and payables.
- Reconcile customer and vendor accounts.
6. Financial Reporting
- Prepare monthly MIS reports.
- Generate P