Account Receivable

JOB Description – AR (Accounts Receivable)

Ø Regularly downloaded the sales reports within the defined timelines and meticulously reviewed the data. Converted the reports into accurate accounting entries, ensuring error-free posting and full compliance with organizational accounting standards.

Ø Account for returns, including customer returns and Return-to-Origin (RTO), ensuring accurate financial impact.

Ø Ensure proper sale reversal of revenue and corresponding GST adjustments for refunds and returns.

Ø Reconcile collections and sale from E commerce operator.

Ø Monitor settlement cycles (T+1, T+2, etc.) and highlight delays or inconsistencies in fund transfers.

Ø Review and validate platform deductions including marketplace commissions, GST TCS and Income tax TDS for correctness.

Ø Identify and investigate short or excess payments from marketplaces, ensuring timely resolution.

Ø Raise claims/dispute/reconciliation for incorrect or wrong report or excess deductions and track recovery until closure.

Ø Track the complete order-to-cash cycle from order placement to final payment realization, ensuring no revenue leakage.

Ø Monitor customer payments for own website sales, including segregation of COD and prepaid transactions.

Ø Coordinate with logistics partners for timely remittance of COD collections and reconcile with internal records.

Ø Ensure accounting to be done before the timeline of GST compliance and shared the daybook and trail balance to tax partners and prepared reconciliation from the TCS collected and deposited by e-commerce platforms from accounting records.

Ø Track aging of receivables, monitor pending settlements and escalate overdue amounts with marketplaces or partners.

Ø Prepare periodic MIS and reconciliation reports, providing insights on net realization, deductions and SKU/channel-level profitability.

Ø Strengthen system and process controls by maintaining ERP integrations, automating reconciliations where feasible and ensuring data accuracy with a clear audit trail.