Here is a robust, practical job description for a Corporate Accountant. This profile is tailored for small-to-medium businesses, accounting firms, and manufacturing setups, focusing on daily bookkeeping, tax compliance (like GST and TDS), and financial reporting.
Job Description: Corporate Accountant
Department: Finance & Accounts
Reports To: Finance Manager / Senior Accountant / Chief Financial Officer (CFO)
Experience Level: 2-5 years (Mid-level)
Job Purpose
The Accountant is responsible for maintaining accurate day-to-day financial records, processing transactions, and ensuring strict compliance with local tax regulations. This role manages accounts payable, accounts receivable, payroll processing, and ledger reconciliations to provide management with a clear, real-time picture of the company's financial health.
Key Responsibilities
1. Day-to-Day Bookkeeping & Vouchering
Transaction Logging: Record daily financial transactions, including sales, purchases, receipts, and payments, into the accounting software.
Accounts Payable (AP): Verify incoming vendor invoices against Purchase Orders (POs) and Goods Receipt Notes (GRNs), process vendor payments, and track aging schedules.
Accounts Receivable (AR): Generate and dispatch accurate customer invoices, monitor outstanding balances, and coordinate with sales teams for timely collections.
2. Banking & Reconciliations
Bank Reconciliation Statement (BRS): Reconcile bank statements weekly or monthly against internal ledger books to identify and resolve discrepancies promptly.
Cash Flow Monitoring: Manage petty cash distributions, verify physical cash balances against vouchers, and track daily cash inflows and outflows.
3. Statutory & Tax Compliance
GST Compliance: Prepare data for monthly GST returns (GSTR-1, GSTR-3B), cross-verify input tax credit (ITC) through GSTR-2B reconciliations, and generate e-way bills or e-invoices.
TDS & Tax Deductions: Calculate and deduct Tax Deducted at Source (TDS) on vendor payments, ensure timely monthly deposits, and assist in filing quarterly TDS returns.
Payroll & Statutory Dues: Assist HR in computing monthly payroll deductions, including Employee Provident Fund (EPF) and Professional Tax (PT).
4. Financial Reporting & Year-End Support
Month-End Closing: Assist in preparing trial balances, adjusting journal entries (depreciation, prepayments, accruals), and compiling basic Profit & Loss (P&L) statements.
Audit Readiness: Organize and maintain financial records, ledgers, and voucher files to ensure smooth coordination with internal and external statutory auditors.