Finance Executive

Xelentra Business; Arasur; On-site; INR 300,000 - 400,000; Full time

Job summary

Xelentra Business in Coimbatore, Tamil Nadu, is seeking a Finance Officer with 3–5 years of experience to manage day-to-day accounting, GST and TDS compliance, payments, bank reconciliation, and financial reporting.

The role requires strong Tally ERP skills and MS Excel proficiency, with emphasis on statutory compliance and accurate records in a manufacturing setup.

Qualifications

• 3-5 years of experience in finance and accounting
• Strong working knowledge of Tally ERP/Tally Prime
• Good knowledge of GST, HSN/SAC, RCM, and TDS provisions
• Proficiency in MS Excel for financial reports
• Experience in accounts payable, vendor reconciliation, bank reconciliation, and MIS
• Good understanding of accounting principles and statutory compliance

Responsibilities

• Verify vendor invoices against POs, MRNs and documents.
• Ensure invoices are correctly accounted in Tally with proper ledgers.
• Identify and resolve discrepancies in invoices and POs.
• Verify GST rates based on HSN/SAC and ensure GST accounting.
• Review invoices for Reverse Charge Mechanism (RCM) and correct accounting.
• Assist in GST reconciliation and compliance.
• Identify applicable TDS sections and rates, deduct TDS, and reconcile.
• Prepare vendor payment schedules in MS Excel and process payments.
• Pass payment entries in Tally and maintain payment records.
• Coordinate with departments and vendors on payment queries.
• Prepare monthly Bank Reconciliation Statements and investigate discrepancies.
• Reconcile petty cash, vouchers, and maintain records.
• Prepare creditors ageing reports and reconcile ledgers.
• Assist in cash flow statements and monthly MIS reporting for management.
• Support month-end closing and audits with needed documents.
• Maintain proper filing of invoices, vouchers, and documentation.
• Ensure adherence to accounting policies and statutory requirements.

Skills

Tally ERP

GST compliance

TDS & RCM

MS Excel

Vendor payments

Reconciliation

MIS reporting

Accounting principles

Statutory compliance

Tools

Tally ERP

MS Excel

Job description

Finance Officer

CTC - 3.00 Lacs - 4.00 Lacs

Experience: Minimum 3-5 Years

Department: Finance

Industry: Manufacturing

Location: Thennampalayam, Coimbatore.

Qualifications & Skills

• 3 - 5 years of experience in finance and accounting, preferably in a corporate or manufacturing environment.
• Strong working knowledge of Tally ERP/Tally Prime.
• Good knowledge of GST, HSN/SAC classification, RCM, and TDS provisions.
• Proficiency in MS Excel, including formulas, lookups, sorting, filtering, and preparation of financial reports.
• Experience in accounts payable, vendor reconciliation, bank reconciliation, and MIS preparation.
• Good understanding of accounting principles and statutory compliance requirements.

Job Summary

The personnel will be responsible for managing day-to-day accounting activities, vendor invoice verification, GST and TDS compliance, payment processing, bank reconciliation, and financial reporting. The role requires strong knowledge of accounting principles, statutory compliance, Tally ERP, and MS Excel to ensure accurate financial records and timely reporting.

Key Responsibilities

Accounts Payable and Invoice Verification

• Verify vendor invoices against Purchase Orders (POs), Material Receipt Notes (MRNs) for goods and services, and supporting documents.
• Ensure invoices are accurately accounted for in Tally, with proper ledger allocation and supporting documentation.
• Identify and resolve discrepancies in invoices, purchase orders, and receipt records in coordination with the relevant departments.

GST Compliance and Accounting

• Verify applicable GST rates based on HSN/SAC codes and ensure accurate GST accounting.
• Review invoices for applicable Reverse Charge Mechanism (RCM) provisions and ensure correct accounting.
• Assist in GST reconciliation and ensure compliance with applicable GST regulations.

TDS Compliance

• Identify applicable TDS sections and rates for vendor payments and invoices.
• Calculate and deduct TDS as applicable under the relevant provisions of the Income Tax Act.
• Ensure accurate accounting of TDS deductions and assist with TDS reconciliation and compliance requirements.

Payment Processing and Accounting

• Prepare vendor payment schedules in MS Excel based on PO terms, invoice due dates, and payment priorities.
• Verify payment details and supporting documents before processing payments.
• Pass payment entries in Tally and maintain proper payment records.
• Coordinate with internal departments and vendors to resolve payment-related queries.

Bank Reconciliation Statement (BRS)

• Prepare monthly Bank Reconciliation Statements.
• Identify and investigate discrepancies between bank statements and book balances.
• Ensure timely reconciliation and resolution of outstanding items.

Petty Cash Management

• Handle day-to-day petty cash transactions and maintain supporting vouchers and records.
• Record petty cash receipts and payments accurately in Tally.
• Reconcile petty cash balances and ensure compliance with internal cash-handling procedures.

Creditors Ageing and Ledger Reconciliation

• Prepare and maintain vendor outstanding and creditors ageing reports.
• Reconcile vendor ledgers with statements received from suppliers.
• Follow up on long-pending balances, debit notes, credit notes, and other discrepancies.
• Provide timely updates on outstanding liabilities and payment commitments.

Cash Flow and Monthly MIS Support

• Assist in preparing monthly cash flow statements based on expected receipts, payments, and financial commitments.
• Provide relevant accounting data for monthly financial reviews and management reporting.
• Monitor upcoming payment obligations to support cash flow planning.

MIS Reporting

• Prepare periodic MIS reports related to accounts payable, vendor outstanding balances, payment status, and other assigned finance activities.
• Ensure accuracy and timely submission of reports to management.
• Analyse relevant financial data and highlight significant variances or exceptions.
• General Accounting and Documentation
• Maintain accurate accounting records and ensure proper filing of invoices, vouchers, and supporting documents.
• Assist with month-end closing activities and account reconciliations.
• Support internal and statutory audits by providing relevant documents and explanations.
• Ensure adherence to company accounting policies, internal controls, and applicable statutory requirements.