The Accountant keeps the company's financial records accurate and on time. They record transactions, raise invoices, manage payables and receivables, reconcile accounts, prepare tax filings and produce the reports the business uses to make decisions.
Also known as: Accounts Executive, Junior Accountant, Bookkeeper
The responsibilities an Accountant owns and the duties they perform.
Responsibilities
1Maintain complete and accurate books of accounts
2Manage accounts receivable and collections follow-up
3Manage accounts payable and supplier payments
4Complete bank, vendor and customer reconciliations
5Prepare and file indirect and direct tax returns on time
6Support month-end and year-end closing and audits
7Maintain documentation for all financial transactions
8Produce monthly financial reports for management
Duties
Daily
Record sales, purchases, receipts and payments
Raise invoices and issue receipts
Check supplier bills against purchase orders
Monitor bank balances and transactions
Weekly
Follow up on overdue customer payments
Prepare the supplier payment run for approval
Reconcile petty cash and expense claims
Monthly
Reconcile bank and ledger accounts
Prepare tax returns and statutory filings
Close the books and prepare management reports
Support payroll processing
Job Specification (JS)
The job information and the skills this role needs.
Job information
Qualification
B.Com, M.Com or equivalent; CA Inter or similar is a plus
Experience
1-5 years in accounting
Work location
Office-based
Working hours
Full-time, typically 9 hours a day, 5-6 days a week
Shift
Day shift
Employment type
Full-time
Technical skills
Accounting software such as Tally, Zoho Books or QuickBooks
Tax compliance
Reconciliations
Excel
Financial reporting
Soft skills
Accuracy
Integrity
Organisation
Deadline discipline
Clear communication
Tools used
Tally / Zoho Books / QuickBooks
Excel
Banking portals
Tax portals
Expense management tools
Career path
Accounts Assistant
Accountant
Senior Accountant
Accounts Manager
Finance Manager
KPI
How to measure whether an Accountant is succeeding.
KPI
What it measures
Review
Books closed on time
Month-end close completed by the agreed date
Monthly
Filings on time
Tax and statutory filings submitted by due date
Monthly
Overdue receivables
Amount outstanding beyond payment terms
Weekly
Reconciliation accuracy
Unreconciled items carried forward
Monthly
In Piplhr, KPIs become recurring daily and weekly reports that each person submits - see Reporting & KPI tracking.
Accountant FAQs
What does an Accountant do?
The Accountant keeps the company's financial records accurate and on time. They record transactions, raise invoices, manage payables and receivables, reconcile accounts, prepare tax filings and produce the reports the business uses to make decisions.
What are the main responsibilities of an Accountant?
Key responsibilities include: maintain complete and accurate books of accounts; manage accounts receivable and collections follow-up; manage accounts payable and supplier payments; complete bank, vendor and customer reconciliations; prepare and file indirect and direct tax returns on time.
What skills does an Accountant need?
Technical skills: Accounting software such as Tally, Zoho Books or QuickBooks, Tax compliance, Reconciliations, Excel, Financial reporting. Soft skills: Accuracy, Integrity, Organisation, Deadline discipline, Clear communication.
Who does an Accountant report to?
An Accountant typically reports to the Finance Manager, Owner or General Manager.
What qualifications are required to become an Accountant?
B.Com, M.Com or equivalent; CA Inter or similar is a plus, with 1-5 years in accounting.
A practical method for defining roles and responsibilities in your team - what to include, how to avoid gaps and overlaps, and a template you can use for every position.
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