Accountant

1 day ago

Bhopal, Madhya Pradesh, India Peoples University Full time ₹ 6,00,000 - ₹ 12,00,000 per year

Role & responsibilities

  • Bookkeeping: Maintain accurate and up-to-date financial records, including sales, purchases, expenses, and inventory transactions.
  • Financial Statements: Prepare and analyze financial statements such as profit and loss accounts, balance sheets, and cash flow statements.
  • General Ledger Management: Manage the general ledger and ensure all financial transactions are recorded accurately.

  • Month-End and Year-End Closings: Perform month-end and year-end closing activities, ensuring that all financial data is finalized and reported in a timely manner.

  • Inventory Valuation: Manage and accurately value inventory, including raw materials (e.g., precious metals, gemstones) and finished jewellery pieces.

  • Inventory Reconciliation: Regularly reconcile physical inventory with accounting records to ensure accuracy and prevent discrepancies.
  • Cost Accounting: Track and manage costs associated with production, including labor, materials, and overheads, to determine the cost of goods sold (COGS).
  • Asset Management: Maintain records of the companys assets, ensuring proper valuation and depreciation in line with accounting standards.

Prepare and file tax returns, including GST/VAT, income tax, and any other applicable taxes,

ensuring compliance with local regulations.

  • Tax Planning: Provide tax planning advice to optimize tax liabilities and ensure compliance with the tax laws specific to the jewellery industry.

Preferred candidate profile

Bachelors degree in Accounting, Finance, or a related field is typically required. A masters degree or CPA (Certified Public Accountant) qualification can be advantageous.

Several years of experience in accounting, preferably within the gems and jewellery industry or luxury retail.

Professional certifications such as CPA, CMA (Certified Management Accountant), or equivalent are preferred.

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