Job Description

Job Title -

Accountant
Industry -

IT Services / Web Software Development
Location -

Mumbai, Maharashtra
Employment Type -

Full-time
Experience Required -

3–5 Years
Reporting To -

Senior Accountant / Finance Manager

Job Purpose
The Accountant will handle day-to-day accounting operations, maintain accurate financial records, and support statutory compliance under the guidance of senior finance staff. The role requires working knowledge of service-industry accounting — client billing, revenue recognition, and reconciliations — ideally within an IT services, software development, or SaaS environment.

Key Responsibilities
General Accounting & Bookkeeping
•

Handle day-to-day accounting entries and assist with monthly book closure
•

Pass journal entries — provisions, accruals, prepayments, and adjustments
•

Process accounts payable, accounts receivable, and bank & cash accounting
•

Assist in preparing monthly financial reports
Service Accounting & Billing
•

Prepare and track client invoices for time & material, fixed-price, and retainer engagements
•

Assist with revenue recognition, including unbilled/accrued revenue on ongoing projects
•

Track project-wise billing status and follow up on milestones due for invoicing
•

Coordinate with project managers and delivery teams on billing and cost inputs
•

Assist with invoicing and collections for export/overseas clients, including forex-related entries
Accounting Software
•

Working knowledge of Tally / Tally Prime, Zoho Books, or QuickBooks
•





Extract ledger and basic MIS reports; ERP exposure is an added advantage
•

Good working knowledge of Excel — Pivot Tables, VLOOKUP/XLOOKUP
GST & Taxation
•

Assist with GST accounting on services (SAC codes), GSTR-1, GSTR-3B, and GSTR-2B reconciliation
•

Support documentation for export of services / zero-rated supplies and LUT compliance
•

Support Input Tax Credit reconciliation
•

Assist in TDS computation, deduction, and filing
•

Coordinate with tax consultants and auditors as needed
Reconciliations & Controls
•

Perform bank, vendor, and customer reconciliations
•

Reconcile foreign currency receipts and forex gain/loss entries, where applicable
•

Support GST reconciliation and resolve basic accounting discrepancies
•

Assist in reconciling balance sheet schedules
Audit & Compliance
•

Support statutory, tax, and internal audits with required data and schedules
•

Prepare audit schedules and supporting documentation
•

Assist with month-end and year-end closing activities
MIS & Reporting
•

Assist in preparing monthly MIS — receivables ageing, cash flow, and revenue-by-client reports
•

Support analysis of project profitability and expenses
•





Report on billing and collection status as required
Team & Cross-functional Coordination
•

Coordinate with delivery, project management, sales, HR, and admin teams
•

Support senior accounting staff and management with accurate, timely data

Technical Skills Required
•

Working knowledge of Tally / Tally Prime, Zoho Books, or QuickBooks; ERP exposure preferred
•

Good MS Excel and basic MIS reporting skills
•

Working knowledge of GST (including export of services), TDS, and statutory compliance
•

Basic understanding of service/project-based revenue recognition and billing

Educational Qualification
•

B.Com / M.Com / CA Inter or an equivalent accounting qualification

Preferred Industry Experience
•

IT services or software development companies
•

SaaS or web/technology product companies
•

Other professional or knowledge-services businesses

Soft Skills
•

Valuable analytical and reconciliation ability
•

Attention to detail and accuracy
•

Good communication and cross-functional coordination skills
•

Ability to manage deadlines and work with moderate supervision

Key Performance Indicators (KPIs)
•

Timeliness and accuracy of assigned book closure and MIS tasks
•

Accuracy and turnaround of reconciliations (bank, vendor, GST)
•

Timely, error-free client billing and revenue recognition
•

Timely support for GST/TDS filing with minimal errors
•

Audit observations closed within agreed timelines

Salary / CTC
As per industry standards / to be discussed

📌 Accountant (Mumbai)
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