Accounting Analyst

Acceler8 Global Talent Solutions; Hyderabad; On-site; INR 600,000 - 900,000; Full time

Job summary

Acceler8 Global Talent Solutions in Hyderabad is seeking an Accounting Analyst to support US-based clients with day-to-day accounting and bookkeeping. You will handle bookkeeping, GL maintenance, AP/AR, and reconciliations while ensuring accuracy and deadlines.

The role requires hands-on accounting operations experience, a good grasp of US GAAP, and practical exposure to QuickBooks, NetSuite, or Xero, with strong Excel skills and clear communication with US stakeholders.

Qualifications

• Hands-on experience in bookkeeping and general ledger management.
• Experience with US GAAP and US accounting practices.
• Proficiency with accounting software such as QuickBooks, NetSuite, Xero.
• Strong Excel skills for data analysis and reporting.
• Ability to coordinate with US clients and meet deadlines.

Responsibilities

• Perform day-to-day bookkeeping and record financial transactions.
• Maintain and update general ledger accounts and COA.
• Prepare and post journal entries, accruals, prepayments, and adjustments.
• Process AP/AR, vendor invoices, payments, and reconciliations.
• Support month-end and year-end close and prepare financial statements.
• Ensure US GAAP compliance and accurate financial reporting.

Skills

US accounting experience

General ledger management

Bank reconciliations

Accounts payable/receivable

Journal entries & adjusting entries

MS Excel

Education

B.Com / M.Com / MBA Finance

Tools

QuickBooks

QuickBooks Online

NetSuite

Xero

Job description

About the Role:

• We are looking for an Accounting Analyst to work with US-based clients and manage their day-to-day accounting and bookkeeping activities.
• The role involves handling end-to-end bookkeeping, maintaining general ledger accounts, managing accounts payable and receivable, performing bank and account reconciliations, and supporting month-end and year-end closing activities.
• The ideal candidate should have hands-on experience in accounting operations, a good understanding of US accounting practices and GAAP, and practical exposure to accounting software. The candidate will also be responsible for maintaining accurate financial records, preparing reports, and coordinating with the US client to ensure accounting activities are completed accurately and within deadlines

Key Responsibilities:

1. Bookkeeping & General Ledger

• Perform day-to-day bookkeeping, including recording and categorising financial transactions.
• Maintain and update general ledger accounts and the chart of accounts.
• Prepare and post journal entries, accruals, prepayments, and adjusting entries.
• Ensure accurate recording of income, expenses, assets, and liabilities.
• Review ledger accounts and resolve discrepancies to maintain accurate financial records.

2. Accounts Payable & Accounts Receivable (AP/AR)

• Process and review vendor invoices, verify supporting documents, and ensure accurate expense classification and timely payments.
• Manage vendor records, payment schedules, and outstanding balances, while performing vendor statement reconciliations.
• Prepare and issue customer invoices, record incoming payments, and ensure accurate cash application.
• Monitor outstanding invoices, follow up on overdue payments, and maintain AP/AR ageing reports.
• Reconcile vendor and customer accounts, investigate discrepancies, and ensure timely resolution of billing and payment issues.

3. Bank & Account Reconciliations

• Perform regular bank, credit card, and other balance sheet reconciliations.
• Reconcile vendor, customer, and general ledger accounts.
• Identify discrepancies, investigate differences, and ensure timely resolution.
• Maintain proper supporting documentation for all reconciliations.

4. Month-End & Year-End Closing

• Support monthly and annual financial closing activities.
• Prepare and review journal entries, accruals, prepayments, and adjustments.
• Reconcile balance sheet accounts and ensure all transactions are recorded in the correct accounting period.
• Assist in preparing financial statements, including the Profit & Loss Statement and Balance Sheet.
• Maintain supporting schedules and documentation for audit and tax preparation purposes.

5. Financial Reporting & Compliance

• Prepare periodic financial reports, including Profit & Loss, Balance Sheet, and Cash Flow Statements.
• Assist in preparing budget-versus-actual reports and analysing financial variances.
• Ensure accounting records are maintained in accordance with US GAAP and applicable accounting practices.
• Maintain organised, accurate, and audit-ready financial documentation.
• Coordinate with the US client, internal teams, and external accounting or tax professionals for accounting-related requirements.
• Ensure timely completion of assigned accounting activities while maintaining accuracy and quality standards.

Required Qualifications

• Experience: 25 years of relevant experience in Accounting, Bookkeeping, or Finance Operations, with hands-on experience in US accounting and bookkeeping processes.
• Education: Bachelor's or Master's degree in commerce, Accounting, or Finance (B.Com/M.Com/MBA Finance).
• Core Accounting Skills: Hands-on experience in bookkeeping, general ledger management, journal entries, accounts payable, and accounts receivable.
• Reconciliation & Reporting: Practical experience in bank reconciliations, vendor and customer account reconciliations, month-end closing, and preparation of financial reports.
• Accounting Standards: Working knowledge of US GAAP and a basic understanding of US accounting practices and financial reporting requirements.
• Technical Skills: Practical experience with accounting software such as QuickBooks, QuickBooks Online, NetSuite, or Xero.
• MS Excel: Strong proficiency in Microsoft Excel, including data analysis, financial tracking, reconciliations, and reporting.
• Communication: Good written and verbal communication skills, with the ability to coordinate effectively with US-based clients and internal stakeholders.
• Attention to Detail: Strong analytical and problem-solving skills, with the ability to manage multiple accounting activities, meet deadlines, and maintain accuracy in financial records