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 setting.

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
• Valuable 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
• Good 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

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