Head of Accounts

2 months ago

secunderabad, India Antal International Full time
Job Description

JD:

1. Establish  a dedicated system for recording all financial transactions , including sales receipts, invoices, expenses, and payroll records.

2. Utilize  specialized software designed for car dealerships , offering features such as inventory management, vehicle tracking, and integrated payment processing.

3.  Regularly reconcile books  by comparing recorded transactions against bank statements to identify discrepancies and ensure accurate financial reporting.

4.  Understand and comply with sales tax obligations  specific to car /4 wheelers dealerships based on the state where dealership operates.

5.  Implement strong internal controls , including segregation of duties, to reduce the risk of fraudulent activities and promote accountability within the finance department.

6.  Monitor financial records consistently  to gain a clear understanding of dealership's performance metrics and make informed business decisions.

7.  Seek professional assistance  from experienced accountants or bookkeeping firms with expertise in the automotive industry to ensure compliance and optimize financial management.

8.  Stay updated with industry regulations  and best practices to adapt bookkeeping and accounting processes accordingly.

9. Conduct  regular financial reviews  and analyses to identify areas for improvement, such as cost reduction or revenue enhancement.

10.  Embrace technology solutions  that streamline bookkeeping and accounting processes, improving efficiency and accuracy in financial management

Responsibilities

Sales invoices for proof of vehicle sales and charges. Inventory reports to track stock levels and prices. Records of all business-related expenses. Bank statements and regular reconciliations for accuracy. IRS forms related to payroll, sales, and income taxes.

Skills and Experience:

Strong automobile dealership industry experience in Finance & Accounts CA/CPA or MBA Experience: 10 to 15 Years

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