Accounts Payable and Receivable

2 weeks ago

Mumbai, Maharashtra, India Qrata Full time
**Lacation

  • Andheri East**
    Days of Working
  • Monday to Saturday (work from Offfice)
**Shift timing

  • 10am to 7pm**
    Key Responsibilities / Accountabilities
**PAYABLE RESPONSIBILITY:
- **Review of verification of invoices by team

To ensure that there is a 3-way match in all invoices, and they are duly authorized Ensuring correct recording of expenses and purchases

Weekly review of trial balance

Ensuring correct input credit for indirect taxes is taken as per audit

Reverse charge / service tax retention to be accounted along with relevant expenses.

Ensuring correct deduction and recording of TDS as per audit

Fortnightly ageing report duly generated and shared with all internal stakeholders.

Recording of payment in cheques in-hand account

Update payment report (i.e. payment details updated in creditors ageing report) regularly. Update fund statement report regularly

Payments with reference to fund planning statement

Quarterly Balance confirmation and reconciliation with vendors

At the time of creditors ageing - generating list of advances and follow up regularly for settlement.

Month end review of trial balance and updating of expense wise work papers.

Raising queries with concerned stakeholder for any discrepancy between budget, contract, PO and WO

Keeping track of expenses and providing same for monthly MIS

Ensuring provision entries for expenses are duly reversed

To understand completely & conform to all policies, procedures, standards, specifications, guidelines and training programs.

To give unconditional support to new openings for all RSC team members

To report for duty punctually wearing appropriate attire

To be fully conversant with the geographical layout of the operation

To maintain high standards of personal appearance and hygiene at all times

Follow clean-as-you-go policy and keep work area clean at all times.

To maintain a good rapport and working relationship with units, HO and all other departments and suppliers

To provide courteous, professional, attentive and efficient service at all times towards internal & external customers

To attend and contribute to functional and inter-functional meetings and other related activities

Be willing and open to transfer across companies / locations as per work exigencies

Be open to cross functional training/movement at all times

To carry out any other duties and responsibilities as assigned

Be fully conversant with our departmental / inter-departmental processes' Quality checks, and Fire safety procedures

**RECEIVABLE RESPONSIBILITY:
- **Up-to-date unit wise sales reconciliation sheets duly tying with monthly POS report

Recording of daily sales received through credit card, online gateway, cash sales, vouchers
- post-paid and prepaid

Recording of commission and TDS on commission of Groupon, GIU and other online portal

Reconciliation of payment collected on behalf of company by online portal eg., Groupon etc.

Classification of revenue and taxes with correct heads

Settlement of entries

POS interface with tally - automation initiative within 3 months

Recording of correct taxes on sales

Up-to-date unit wise sales reconciliation sheets duly tying with monthly POS report

Recording of daily sales received through credit card, online gateway, cash sales, vouchers
- post-paid and prepaid

Recording of commission and TDS on commission of Groupon, GIU and other online portal

Reconciliation of payment collected on behalf of company by online portal eg., Groupon etc.

Classification of revenue and taxes with correct heads

Settlement of entries

POS interface with tally - automation initiative within 3 months

Recording of correct taxes on sales

Gift vouchers inventory and log maintenance along with redemption of settled coupon / vouchers

No unusual balances in control ledgers

Weekly consolidated city ledger report

All sales related commission expenses tying with respective sales channel

Up to date voucher tracking sheet duly tied with month-end inventory

Daily bank reconciliations generated by team and reviewed by Sr. Executive - AR. Weekly bank reconciliation reviewed by FC

Reviewing and rectifying the same for large, old or unusual items

Ensuring cash pick up on daily basis by the CMS agency and the same amount of sales in cash to be deposited

No cash sales to be utilized for petty cash payment

Review of all applicable bank charges related to revenue

Monthly updated summary of credit notes receivable tied up with vendor agreements and debit notes raised and recorded.

Review of Insurance related expenses and ensuring all insurance is renewed on a timely basis

Up to date tracker of insurance

Daily cashier report to be received and reviewed for any abnormal transactions.

Interview and brief training of new cashiers

Setting up of cashiering function at new units

Coordination with bank / cash collection agencies to ensure all queries are resolved in a timely manner

Plutus or other software to be i

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