Abrar Admin

Area24 developers india private limited

Designation: Accounts ExecutiveCompensation: 25,000 - 30,000Location: Lavelle Road, BangaloreWoking Schedule: Mon - Sat (10:00am - 7:00pm)Experience: Minimum 2 yearsKey Responsibilities:<ul><li>Vendor Payments &amp; Accounts Payable</li><li>Payment Management: Oversee the complete cycle of accounts payable, specifically for construction projects (materials, subcontracts, labor, machinery rental).</li><li>Vendor &amp; Subcontractor Payments: Process, verify, and track all incoming vendor invoices, ensuring proper approvals are obtained according to project budgets and purchase orders.</li><li>Retainage Management: Accurately track and manage retainage payable to subcontractors and suppliers, ensuring timely release as per contract terms and completion certificates.</li><li>Reconciliation &amp; Month-End Closing (30%)</li><li>Bank &amp; Ledger Reconciliation: Perform timely and accurate reconciliation of all bank accounts, cash/fund flow statements, and major general ledger accounts (e.g., Accounts Payable, Advance accounts).</li><li>Inter-Company/Project Reconciliation: Reconcile all financial transactions occurring between various construction projects and inter-company accounts.</li><li>Month-End Support: Assist with the monthly and annual financial closing process, ensuring all entries are recorded accurately and deadlines are met.</li><li>Tax Compliance (GST &amp; TDS)</li><li>GST Compliance: Prepare and ensure timely and accurate filing of all Goods and Services Tax (GST) returns (GSTR-1, GSTR-3B, etc.).</li><li>Input Tax Credit (ITC): Monitor, verify, and reconcile Input Tax Credit (ITC) claims, ensuring maximum utilization and compliance with GST rules specific to the construction sector.</li><li>TDS Management: Handle all aspects of Tax Deducted at Source (TDS), including calculating, deducting, depositing, and filing quarterly TDS returns (Form 24Q, 26Q), with particular attention to TDS on works contracts.</li><li>General Accounting &amp; Audits</li><li>Maintain accurate fixed asset registers and track construction-in-progress (CIP) accounts.</li><li>Assist in the preparation of schedules and documentation required for statutory, tax, and internal audits.</li><li>Ensure adherence to all company accounting policies and statutory regulations.</li></ul>Required QualificationsExperience: Minimum of 2-4 years of experience in core accounting rolesEducation: Bachelor&rsquo;s or Master&rsquo;s degree in Commerce, Accounting, or Finance.Technical Skills:Proven, expert proficiency with an ERP system, Tally Prime is essential.Basic knowledge of MS Excel.Knowledge: Deep, practical understanding of Indian taxation (GST, TDS, Income Tax provisions) as they apply specifically to works contracts, subcontractors, and construction material procurement.Job Type: Full-timePay: ₹25,000.00 - ₹30,000.00 per monthBenefits:<ul><li>Internet reimbursement</li><li>Leave encashment</li><li>Paid sick time</li><li>Paid time off</li></ul>Work Location: In person

Accounts Executive - Finance & Accounts

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Area24 developers india private limited

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Accounts Executive - Finance & Accounts