Account Payable

2 weeks ago


Delhi, India HFCL Full time

Department
- Account Payable
- Job posted on
- Jul 27, 2023
- Employee Type
- Permanent
- Experience range (Years)
- 7 years - 15 years
- Must Have Managed and processed accounts payable transactions, ensuring accurate and timely payments to vendors, suppliers, and service providers.
- Verified invoices for accuracy, matching them with purchase orders and delivery receipts, resolving discrepancies promptly to maintain smooth payment processing.
- Collaborate with procurement and purchasing teams to optimize vendor relations and negotiate favorable payment terms, leading to cost savings.
- Conduct periodic audits of accounts payable records, identifying and rectifying any anomalies or discrepancies to maintain compliance with financial regulations.
- Quarterly, Half yearly reconciliation of Top trending vendors.
- Monitoring appraisals of vendors.
- Analyze trend analysis and long-standing due and subsequent actions to close items.
- Regularly prepared and analyzed accounts payable aging reports.
- Ensure revenue is generated against the cost of sales incurred.
- Calculation of Foreign Exchange fluctuation.
- Calculation of Foreign Vendor Payable for the hedging process.

Additional requirements
- GST annual returns review and working GSTR 9/9C.
- Responsible for preparing GST annual returns, reconciling statutory due accounts, and ensuring compliance with ITC rules and regulations through monthly and quarterly returns and reconciliations.
- GST cross charges working and reversals according to Rule 42/43 and law being enforced.
- Handling and responding to notices from the GST Department, while also monitoring and preparing necessary replies.
- Preparation & Analysis of monthly revenue numbers working.
- E-invoicing process, identifying any issues and finding solutions.
- Handling GST cross charges and reversals in accordance with Rule 42/43 and relevant regulations.
- Ensuring complete reconciliation between 2A/2B data and financial records for multiple states.
- Monitoring compliance for TDS, Rectification, and other issues.
- TDS reconciliation with the 26as action Up-on differences for reconciliations.
- Monitoring TDS refunds with the departments and other assessments/replies.
- Remittance of foreign payments accomplished with compliances (15CA & 15CB)


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