Accountant (WFH)

About the job:

Job Description

Job Title - Accountant

Industry - IT Services / Web Software Development

Location - Mumbai, Maharashtra

Employment Type - Full-time

Experience Required - 35 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