Financial Process Lead
6 days ago
Company Overview: Khatabook is a leading financial management platform that helps small businesses streamline their accounting processes. We are seeking an experienced Financial Process Lead to join our team.
">Job Description:
- Lead the Accounts Payable process, ensuring timely and accurate payment to vendors.
- Review accounting entries and closing balances of vendors during month-end closure.
- Manage communication with internal and external stakeholders.
- Prepare workings for interest payable to MSME vendors.
- Publish weekly reports for vendor advances, overdue unpaid invoices, and unadjusted provisions.
- Make payments for TDS and GST within due dates.
- File TDS and GST returns within due dates.
- Follow up with vendors for pending ITC claims.
- Assist external consultants with data for tax assessments.
- Ensure timely book closure every month for MIS preparation.
- Ensure compliance with relevant SOPs.
- Set up processes for vendor reconciliation.
- Set up new controls to improve the process.
- Prepare and maintain Fixed Assets Registers on a monthly basis.
- Review useful life and salvage value of assets.
- Prepare workings for reversal of ITC as per GST law.
- Support team members and guide them in meeting team goals.
Required Skills and Qualifications:
- Postgraduate with 10-15 years of experience.
- Experience handling accounting teams of 3-4 members.
- Prior experience leading Accounts Payable functions in startups (minimum 3 years).
- Good knowledge of accounting entries.
- Practical experience with TDS (including TDS on international transactions), GST (including reverse charge mechanism, blocked ITC etc).
- BASIC understanding of Schedule II (Fixed Assets) of Companies Act 2013.
- Excellent communication and stakeholder management skills.
Estimated Salary: ₹1200000 - ₹1500000 per annum, depending on location and experience.
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