We are looking for an experienced and detail-oriented Accountant to manage the day-to-day accounting and financial operations of our UK-based furniture retail business.

The ideal candidate must have strong practical experience with Xero accounting software, particularly UK accounting practices, VAT, reconciliations, accounts payable, accounts receivable, financial reporting, and general ledger management.

The candidate should be comfortable independently handling regular accounting operations, maintaining accurate financial records, and supporting monthly and annual financial reporting.

Key Responsibilities

1. VAT & UK Tax Compliance

Handle UK VAT accounting, VAT calculations, VAT returns, and reconciliations.

Ensure accurate VAT treatment of purchases, sales, expenses, and transactions.

Maintain proper VAT records and supporting documentation.

Understand UK VAT rules and accounting requirements.

2. Bank & Account Reconciliations

Perform regular bank reconciliations in Xero.

Reconcile supplier accounts, customer accounts, and balance sheet accounts.

Investigate and resolve discrepancies and unreconciled transactions.

Ensure all financial records are accurate and up to date.

3. Accounts Payable & Receivable

Manage accounts payable (AP) and accounts receivable (AR).

Process supplier invoices, customer invoices, credit notes, and payments.

Track outstanding invoices and follow up on overdue payments.

Manage supplier statements and payment reconciliations.

Ensure timely and accurate recording of all transactions.

4.



Xero Accounting & Bookkeeping

Maintain and manage the general ledger.

Handle journal entries, accruals, prepayments, and adjustments.

Manage intercompany transactions and transfers.

Maintain accurate chart of accounts and accounting records.

Perform day-to-day bookkeeping and accounting activities using Xero.

5. Financial Reporting & Budgeting

Prepare monthly profit and loss statements and balance sheet reports.

Track monthly and annual income and expenditure.

Assist with annual budgeting, expense forecasting, and variance analysis.

Monitor business expenses and identify discrepancies or unusual spending.

Support month-end and year-end closing activities.

6. General Accounting Responsibilities

Maintain accurate financial documentation and records.

Assist with year-end accounts preparation and coordination with UK accountants.

Handle other accounting and financial administration tasks as required.

Ensure accounting processes are completed accurately and within deadlines.

Required Skills

Strong practical experience with Xero accounting software is essential.

Good knowledge of UK accounting practices and UK VAT regulations.

Strong understanding of bank reconciliations, AP, AR, general ledger, and financial reporting.

Experience handling intercompany transactions and reconciliations.

Excellent attention to detail and numerical accuracy.

Ability to work independently and manage accounting responsibilities with minimal supervision.

Positive written and verbal communication skills.

📌 UK Accountant Xero Specialist (Mumbai)
🏢 M. D. Services
📍 Mumbai