Accounts Associate – GST & Receivables

Job Description:

Key Responsibilities:

1. GST Compliance and Management:
• Prepare and file accurate GST returns (GSTR-1, GSTR-3B, and annual returns) in a timely manner.
• Reconcile GST data with the organization’s books of accounts and ensure accuracy.
• Address notices, queries, and discrepancies raised by GST authorities.
• Monitor changes in GST laws and implement necessary updates to ensure compliance.

2. Accounts Receivables:
• Maintain an updated ledger of receivables and follow up on outstanding payments with clients.
• Prepare and send invoices to clients as per agreed terms and formats.
• Reconcile client payments with issued invoices and address any discrepancies.
• Generate aging reports to monitor overdue payments and take corrective action to minimize receivable days.

3. Financial Reconciliation:
• Reconcile accounts related to GST and receivables monthly and quarterly.
• Ensure accurate recording of financial data related to receivables and GST.

4. Reporting and Documentation:
• Prepare detailed reports on receivables and GST filings for management review.
• Maintain organized records of GST filings, invoices, and correspondence for audit purposes.

5. Coordination:
• Coordinate with internal teams, such as sales and operations, for timely invoicing and payment collections.
• Liaise with external stakeholders, such as clients and tax consultants, to resolve GST or receivable-related issues.

6. Other Financial Tasks:
• Assist in bank reconciliations related to receivables.
• Support the Accounts Manager in other accounting functions as required.

Key Skills and Qualifications:

• Education: Bachelor’s degree in Commerce, Accounting, or a related field.
• Experience: Minimum 4 years of experience in accounting, with a focus on GST compliance and receivables management.
• Proficiency in accounting software (e.g., Tally ERP, SAP) and MS Excel.
• Strong understanding of GST laws, rules, and regulations.
• Excellent communication and interpersonal skills for dealing with clients and stakeholders.
• Attention to detail and strong organizational skills to handle multiple tasks effectively.

Preferred Attributes:

• Prior experience in the hospitality industry is a plus.
• Ability to work under pressure and meet deadlines.
• Knowledge of financial reporting standards and practices