Senior Accountant

About The Company
FirstPrinciples, a tech holding company, starts, acquires, and advises B2B SaaS Companies. Our portfolio of companies includes SyndicationPro, Lanteria, Omni.US, and GreatVet.com. Our team of over 150 members is spread across India, U.S., and Ukraine.
About The Role
As a holding company, we manage the books of several entities. We are looking for an Accountant who will maintain our books and financial statements for our U.S. amp; India entities and manage accounts payable, receivables, and payroll. Deep expertise in QuickBooks, spreadsheets, Zoho Books, and other tools are a must.
Responsibilities

• Maintaining records according to generally accepted accounting principles(GAAP), including the recordation of journal entries, asset depreciation schedules, accounts payable, accounts receivable, weekly cash updating, and reconciliation of bank statements.
• Applying strong accounting skills, including accounts payable, accounts receivable, journal entries, and all bookkeeping through financial statement preparation
• Participating in activities needed to support the management functions of the team
  

ACCOUNTING AND REVIEW

• Record accounting entries and prepare vouchers and general ledgers inQuickBooks.
• Record cash amp; bank transactions and perform bank account reconciliation every month.
• Maintain a chart of accounts and perform the monthly closing process with year-end rollovers.
• Assist in day-to-day advisory on various accounting matters.
• Prepare and submit monthly financials and related management reports for MIS by the 10th of the following month.
• Estimated Monthly Expense for Invoicing to the related company 15th – 18th of the following month.
  

ACCOUNTS PAYABLE

• Obtain all vendor invoices as per the agreed process
• Verify arithmetical accuracy of vendor invoice amp; also verification of format of the invoice along
• with necessary minimum statutory information.
• Analyze vendor invoices for revenue or capital expenditure.
• Check for withholding tax (WHT) applicability and input tax credit, as applicable.
• Record supplier invoices in the accounting system, including applicable tax/duty.
• Record payment entries for invoice payments
• Assist in vendor query management through client representative
• Vendor accounts reconciliation (on an annual basis)
  

ACCOUNTS RECEIVABLE

• Assist in raising and recording sales invoices in the accounting system, including applicable tax/duty thereon—recording of a collection of accounts receivable.
• Monthly reporting of collections and aging analysis of receivables
• Tracking of Foreign Inward Remittance Certificates (FIRC) for all inward remittances and
• follow up for missing FIRCs
• Prepare annual receivable reconciliation and provide the same to the client for onward
• 
  submission to their debtors.
  

FIXED ASSETS

• Capitalize assets as per the Company policy and by Indian GAAP
• Compute and record depreciation considering Company’s policy and in line with Indian GAAP
• Assist in maintenance and review of fixed assets register.
  

INCOME TAX COMPLIANCE IN RESPECT OF TDS amp; ADVANCE TAX

• Review of TDS withheld from payments other than salary to various vendors/parties.
• Coordinate timely payment of TDS other than salary into Govt. the treasury.
• Reconcile and prepare quarterly and annual TDS returns other than salary and coordinate
• submission with Income-tax authorities.
• Prepare quarterly TDS certificates in Form 16A.
• Computation of estimated quarterly installment of advance tax payable amp; assistance in payment thereof.
• Computation of annual tax liabilities and submission of return of income with the income tax authority.
  

GOODS amp; SERVICES TAX COMPLIANCE

• Compile data for periodic (monthly/quarterly) liability of Output amp; returns via GSTR1/ IFF.
• Assist in the computation of RCM liabilities as per services received.
• Assist in periodic (monthly/quarterly) setoff of ITC and returns preparation via GSTR3B.
• Coordinate timely payment of GST into Govt. the treasury.
• Assist in reconciliation of input tax credit appearing in GSTR 2A/2B vis-a-vis invoices.
• Assist in the compilation of yearly returns of GST and coordinate submission thereof.
• Assist in renewal filing of Letter of Undertaking w.r.t export services.
  

MONTHLY PAYROLL

• Record payroll information for new employees from their joining reports or appointment letters
• Record payroll revisions from increment letters issued to employees
• Ensure employees leaving the organization are removed from the payroll and their full and final settlement is correctly determined (including severance package whenever necessary). Ensure recoveries are adjusted for any loans, advances, etc.
• Compute monthly pay sheets indicating net salary payable to the employees along with applicable computation of withholding tax, provident fund contribution, professional tax, and other similar deductions. Assist you in payment of withholding tax, provident fund, professional tax, and other related payments.
• Preparing and Recording Payroll Journal Entries. Assist in the issuance of payslips and tax estimation sheets.
  

EMPLOYEE WITHHOLDING TAX

• Assist in preparing employee tax-saving declaration forms and checking responses for withholding tax calculations. Prepare and submit quarterly/annual withholding tax returns in Form 27A and 24Q.
• Prepare annual certificate of salary and withholding tax in Form no. 16 and coordinate/

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assist issuance of the same to the employees.
EMPLOYEES PROVIDENT FUND

• Assistance in the assessment of liabilities, preparation, and submission of monthly EPF returns
• Coordinate timely payment of statutory dues into Govt. of the treasury.
• Member enrolment for UAN amp; KYC updating based on the joining/ re-joining of the employee monthly.
• Assist in member exit process amp; EPF Online based on the resigned/ death of the employee every month.
  

EMPLOYEES STATE INSURANCE

• Assistance in assessing liabilities, preparation, and submission of monthly ESIC returns.
• Coordinate timely payment of statutory dues into Govt. of the treasury.
• Member enrolment for E-Pehchan amp; KYC updation based on the joining/ re-joining of the employee every month.
• Member Exit process based on the resigned/ death of the employee every month.
  

PROFESSIONAL TAX

• Assistance in assessing liabilities, preparation amp; submission of monthly amp; annual Professional Tax returns.
• Coordinate timely payment of statutory dues into Govt. of the treasury.
  

LABOUR WELFARE FUND

• Calculation of liability under the Labour Welfare Act;
• Payment of liability to the government treasury as per the LWF Act.
• Submission of Annual Return as per the LWF Act.
  

Other Compliances

• Maintenance of records is required under the shops amp; establishment act.
• Recording of Gratuity/Leave encashment as per Actuarial report.
  

Minimum Job Requirements

• Bachelors degree or master in Accounting preferred
• Work Exp: Three or more years of bookkeeping experience with Indian GAAP, Payroll, and Labour Law Compliances
• Experience and interest in internal and external communications and relationship development
• Proficient in Microsoft Office (Word, Excel, and PowerPoint)
• Hands-on experience with QuickBooks
• Quickbooks certification