Accountant

4 weeks ago

Ahmedabad, India Gurubhai Equipments Full time

As an Accountant for Gurubhai Equipments, a company engaged in the manufacturing and trading of restaurant equipment and machinery, your responsibilities would involve managing various financial aspects of the business. Here are the key duties associated with this role:


1. **Financial Record Keeping**: Maintain accurate and up-to-date financial records for GuruBhai Equipments, including ledgers, journals, and financial statements.


2. **Accounts Payable Management**: Process incoming invoices from vendors and suppliers, verify their accuracy, and ensure timely payment while adhering to payment terms and company policies.


3. **Accounts Receivable Management**: Generate customer invoices, track payments received, and follow up on overdue accounts. Implement effective credit control measures to minimize bad debts and improve cash flow.


4. **Bank Reconciliation**: Reconcile bank statements with the company's financial records to ensure that all transactions are accounted for accurately. Identify and investigate any discrepancies or irregularities.


5. **Budgeting and Forecasting**: Assist in the preparation of annual budgets and financial forecasts for GuruBhai Equipments. Monitor actual performance against budgeted figures and provide variance analysis to management.


6. **Financial Reporting**: Prepare monthly, quarterly, and annual financial reports for internal stakeholders, including management, investors, and board members. Ensure compliance with relevant accounting standards and regulatory requirements.


7. **Tax Compliance**: Calculate and file various tax returns, including income tax, sales tax, and payroll tax, in accordance with applicable laws and regulations. Stay updated on changes to tax laws that may affect the company's financial obligations.


8. **Inventory Management**: Monitor inventory levels of restaurant equipment and machinery, reconcile inventory records with physical counts, and identify discrepancies or obsolete stock. Implement inventory control measures to minimize losses and optimize stock turnover.


9. **Fixed Asset Management**: Maintain a register of fixed assets owned by GuruBhai Equipments, including depreciation schedules and asset valuations. Ensure proper capitalization and disposal of assets in accordance with accounting principles.


10. **Financial Analysis**: Conduct financial analysis to assess the company's performance, identify trends, and highlight areas for improvement. Provide insights and recommendations to management based on analysis of key financial metrics.


11. **Cost Control**: Monitor and analyze costs associated with manufacturing, procurement, and operations. Identify opportunities to reduce expenses and improve efficiency without compromising quality or customer satisfaction.


12. **Internal Controls**: Establish and maintain effective internal controls to safeguard company assets, prevent fraud, and ensure compliance with accounting policies and procedures. Regularly review controls to identify weaknesses and implement remedial actions.


13. **Audit Preparation and Support**: Assist external auditors during annual audits by providing requested documentation, explanations, and reconciliations. Address audit findings and implement recommendations to strengthen internal controls and financial reporting processes.


  • By fulfilling these duties effectively, you'll play a crucial role in ensuring the financial health and integrity of Gurubhai Equipments, supporting its growth and profitability in the restaurant equipment and machinery industry.

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