Accountant Job in Ottapalam

Ottapalam, Kerala Full Time Date: 19 June 2024

Job description

Financial Reporting: Prepare financial statements, including balance sheets, income statements, and cash flow statements, to summarize and report the financial position and performance of the organization. Bookkeeping: Maintain accurate and up-to-date financial records by recording transactions in journals and ledgers. Ensure all financial transactions are properly documented, categorized, and reconciled. Accounts Payable and Receivable: Manage accounts payable by processing invoices, verifying expenditures, and ensuring timely payments to vendors and suppliers. Monitor accounts receivable to ensure timely collection of payments from clients and customers. Payroll Processing: Calculate employee salaries, wages, bonuses, and deductions. Ensure payroll taxes and statutory deductions are accurately withheld and remitted to government authorities. Budgeting and Forecasting: Assist in the preparation of budgets and financial forecasts based on historical data, trends, and projected business activities. Analyze variances between actual financial results and budgeted figures. Tax Compliance and Reporting: Prepare and file tax returns, ensuring compliance with tax laws and regulations. Calculate taxes owed, prepare tax schedules, and assist in tax planning strategies to minimize tax liabilities. Financial Analysis: Conduct financial analysis, including profitability analysis, cost analysis, and performance metrics evaluation. Interpret financial data to identify trends, risks, and opportunities for improving financial performance. Audit Support: Coordinate and assist with external audits by providing auditors with necessary documentation, explanations, and reconciliations. Implement audit recommendations and improve internal controls based on audit findings. Financial Systems and Software: Utilize financial software and accounting systems to record transactions, generate reports, and maintain financial records accurately. Participate in system upgrades, implementations, and user training as needed. Internal Controls: Establish and monitor internal controls to safeguard assets, ensure accuracy of financial data, and prevent fraud. Adhere to accounting standards, policies, and regulatory requirements. Financial Planning and Strategy: Provide financial insights and recommendations to support strategic decision-making by management. Analyze financial performance, assess business risks, and contribute to business planning initiatives. Professional Development: Stay updated with accounting principles, standards, and industry trends through continuing education, seminars, and professional certifications (such as CPA, CMA, or ACCA).