Job Description

Qualification: Bcom & Baf Responsibilities: 1. Bookkeeping: Assist in maintaining accurate and up-to-date financial records. Record daily financial transactions, including purchases, receipts, and payments. Update and reconcile general ledger accounts. 2. Accounts Payable: Process and verify invoices, ensuring accuracy and proper authorization. Prepare and execute payments to vendors in a timely manner. Reconcile supplier statements and resolve any discrepancies. 3.Accounts Receivable: Generate and send out invoices to customers promptly. Follow up on overdue payments and communicate with clients regarding outstanding balances. Reconcile customer accounts and resolve discrepancies. 4. Financial Reporting: Assist in the preparation of financial statements and reports. Generate regular financial reports to provide insights into the company's financial performance. 5. Bank Reconciliation: Reconcile bank statements with the general ledger. Investigate and resolve any discrepancies. 6. Vendor Payment Management: Vendor payment management refers to the process of handling payments to suppliers, vendors, or contractors for goods or services provided to a company. It involves various tasks such as invoice processing, payment approval, disbursement, and reconciliation. Efficient vendor payment management is crucial for maintaining good relationships with suppliers and ensuring smooth operations. It typically involves the following steps: Invoice Receipt: The process begins with receiving invoices from vendors for the goods or services provided. Approval Workflow: Invoices often need approval from relevant departments or individuals within the organization before payment can be processed. Payment Processing: Once invoices are approved, payments are processed according to the agreed-upon terms, which may include issuing checks, electronic transfers, or other payment methods. Recordkeeping: Proper documentation of payments is essential for accounting and auditing purposes. This includes maintaining records of invoices, payment dates, amounts, and any relevant correspondence. Reconciliation: Regular reconciliation of vendor accounts helps ensure that payments match the amounts owed and that any discrepancies are promptly addressed. Vendor Communication: Effective communication with vendors is important throughout the payment process to address any inquiries, resolve issues, and maintain positive relationships. 7. Data Entry: Accurately enter financial data into the accounting system. Maintain organized and efficient filing systems for financial documents. 8. Administrative Support: Provide administrative support to the finance department as needed. Collaborate with other departments to obtain necessary financial information. Skills: Communication skills Tally Prime Advance Excel Remittance GST TDS