Account Executive

Job Description

the responsibilities of an account assistant, which include a wide range of tasks related to maintaining accounting records, sales accounting, bank reconciliation, journal accounting, scrutiny of accounts, and more.

1. Sales Accounting:

• Invoicing: Prepare and issue invoices for sales transactions.
• Collection: Record payments received from customers and reconcile accounts receivable.
• Credit Notes: Process credit notes for sales returns or adjustments.
• GST: Calculate and record GST charged on sales transactions.

2. Bank Reconciliation:

• Reconcile bank statements with accounting records on a daily basis.
• Investigate and resolve any discrepancies between the two.

3. Debit Notes:

• Process debit notes for purchase returns or adjustments.

4. Balance Sheet Preparation:

• Prepare balance sheet statements periodically to reflect the financial position of the company.

5. Journal Accounting:

• Pass necessary journal entries for routine accounts, TDS deductions, monthly reports, and salary journals.

6. Scrutiny of Accounts:

• Review and analyze accounts to ensure accuracy and compliance with accounting standards.
• Maintain debtors and creditors ledgers, bank book, cash book, petty cash book, and general ledger.

7. Statutory Books Maintenance:

• Prepare and maintain statutory books of accounts, including reconciliation statements and financial statements.
• Ensure compliance with regulatory requirements and deadlines.

8. Bank Payments Accounting:

• Record and reconcile bank payments made by the company.