Accountant

Job Description

Job Title - Accountant

Industry - IT Services / Web Software Development

Location - Mumbai, Maharashtra

Employment Type - Full-time

Experience Required - 3–5 Years

Reporting To - Senior Accountant / Finance Manager

Job Purpose

The Accountant will handle day-to-day accounting operations, maintain accurate financial records, and support statutory compliance under the guidance of senior finance staff. The role requires working knowledge of service-industry accounting — client billing, revenue recognition, and reconciliations — ideally within an IT services, software development, or SaaS environment.

Key Responsibilities

General Accounting & Bookkeeping

•    Handle day-to-day accounting entries and assist with monthly book closure

•    Pass journal entries — provisions, accruals, prepayments, and adjustments

•    Process accounts payable, accounts receivable, and bank & cash accounting

•    Assist in preparing monthly financial reports

Service Accounting & Billing

•    Prepare and track client invoices for time & material, fixed-price, and retainer engagements

•    Assist with revenue recognition, including unbilled/accrued revenue on ongoing projects

•    Track project-wise billing status and follow up on milestones due for invoicing

•    Coordinate with project managers and delivery teams on billing and cost inputs

•    Assist with invoicing and collections for export/overseas clients, including forex-related entries

Accounting Software

•    Working knowledge of Tally / Tally Prime, Zoho Books, or QuickBooks

•    Extract ledger and basic MIS reports; ERP exposure is an added advantage

•    Good working knowledge of Excel — Pivot Tables, VLOOKUP/XLOOKUP

GST & Taxation

•    Assist with GST accounting on services (SAC codes), GSTR-1, GSTR-3B, and GSTR-2B reconciliation

•    Support documentation for export of services / zero-rated supplies and LUT compliance

•    Support Input Tax Credit reconciliation

•    Assist in TDS computation, deduction, and filing

•    Coordinate with tax consultants and auditors as needed

Reconciliations & Controls

•    Perform bank, vendor, and customer reconciliations

•    Reconcile foreign currency receipts and forex gain/loss entries, where applicable

•    Support GST reconciliation and resolve basic accounting discrepancies

•    Assist in reconciling balance sheet schedules

Audit & Compliance

•    Support statutory, tax, and internal audits with required data and schedules

•    Prepare audit schedules and supporting documentation

•    Assist with month-end and year-end closing activities

MIS & Reporting

•    Assist in preparing monthly MIS — receivables ageing, cash flow, and revenue-by-client reports

•    Support analysis of project profitability and expenses

•    Report on billing and collection status as required

Team & Cross-functional Coordination

•    Coordinate with delivery, project management, sales, HR, and admin teams

•    Support senior accounting staff and management with accurate, timely data

Technical Skills Required

•    Working knowledge of Tally / Tally Prime, Zoho Books, or QuickBooks; ERP exposure preferred

•    Good MS Excel and basic MIS reporting skills

•    Working knowledge of GST (including export of services), TDS, and statutory compliance

•    Basic understanding of service/project-based revenue recognition and billing

Educational Qualification

•    B.Com / M.Com / CA Inter or an equivalent accounting qualification

Preferred Industry Experience

•    IT services or software development companies

•    SaaS or web/technology product companies

•    Other professional or knowledge-services businesses

Soft Skills

•    Good analytical and reconciliation ability

•    Attention to detail and accuracy

•    Good communication and cross-functional coordination skills

•    Ability to manage deadlines and work with moderate supervision

Key Performance Indicators (KPIs)

•    Timeliness and accuracy of assigned book closure and MIS tasks

•    Accuracy and turnaround of reconciliations (bank, vendor, GST)

•    Timely, error-free client billing and revenue recognition

•    Timely support for GST/TDS filing with minimal errors

•    Audit observations closed within agreed timelines

Salary / CTC

As per industry standards / to be discussed