Accountant

Key Responsibilities:

1. Purchase Return Accounting

• Verify purchase return documents (debit notes, supplier credit notes, GRNs, etc.).
• Record purchase return entries accurately in the accounting system (Tally).
• Reconcile supplier ledgers and ensure return amounts are adjusted correctly.
• Coordinate with the purchase and stores departments for goods return confirmations.
• Ensure GST reversal on purchase returns is accounted for properly.
• Maintain supporting documentation for audit and compliance.

2. Sales Return Accounting

• Record sales return entries based on approved credit notes and customer return memos.
• Match return entries with original invoices and verify quantities and values.
• Ensure accurate GST adjustment on sales returns.
• Coordinate with the sales and logistics teams for return verification and approvals.
• Reconcile customer accounts post return adjustments.

3. Reconciliation & Reporting

• Prepare periodic summaries of purchase and sales returns.
• Reconcile return data with physical stock movement and vendor/customer statements.
• Assist in monthly closing by providing accurate return figures.
• Highlight any discrepancies or delays to management promptly.

4. Compliance & Audit Support

• Ensure documentation aligns with GST and company policies.
• Support statutory, internal, and GST audits with necessary schedules and explanations.
• Maintain digital and physical filing of all return-related records.

Key Skills & Competencies

• Strong knowledge of accounting principles (debit/credit logic).
• Working knowledge of Tally systems.
• Understanding of GST implications on returns.
• Accuracy, attention to detail, and time management.
• Good coordination and communication skills.
• Proficiency in MS Excel for reconciliations and reporting.

Qualification & Experience

• Education: B.Com / M.Com / or equivalent in Accounting or Finance.
• Experience:1–4 years of experience in accounting, preferably handling purchase and sales returns.
• Preferred: Experience in a trading, retail, or manufacturing environment.