Accountant

Location: Ahmedabad

Role: Accountant

Industry: Chartered Accountancy (CA) Firm

Job Role and Responsibilities:

1. Intercompany Entry Passing:

This involves recording financial transactions between different entities within the same corporate group.

Examples include charging management fees, transferring funds, or allocating shared expenses.

2. Finding and Rectifying Intercompany Account Entries:

Ensuring intercompany accounts are reconciled.

Identifying discrepancies (e.g., one entity records a transaction, but the counterpart does not), correcting errors, and ensuring the books match across entities.

3. Handling Double or More Entries:

Making journal entries that affect multiple entities simultaneously. For example:

Entity A invoices Entity B; the entries reflect income for A and expense for B.

Allocation of common costs (e.g., IT, utilities) across multiple entities.

4. Allocation of Expenses Between Companies:

Determining how shared costs, such as rent, software subscriptions, or HR services, are divided among entities.

Using methods like headcount, usage-based allocation, or revenue proportion.

5. Fundamental Understanding:

Candidates should have strong foundational accounting knowledge, including:

Double-entry bookkeeping principles.

Understanding intercompany reconciliation processes.