Accounts Payable Manager Job

Job Description:-
Preparing Vendor Report:
Maintain a comprehensive record of vendor information, transactions, and payment terms.
Generate vendor reports for management review as needed.
Managing Team:
Supervise and lead the accounts payable team, providing guidance and training as necessary.
Ensure the team's efficiency and accuracy in processing invoices and payments.
Managing Cash Payments:
Oversee the disbursement of cash payments and ensure proper documentation and authorization.
Bank Account Reconciliation:
Reconcile bank accounts to ensure accurate financial records and identify discrepancies.
Payroll Payments:
Administer monthly salary, advances, and loans to staff.
Coordinate with HR for payroll-related tasks.
Statutory Compliance:
Manage payments and compliance related to Provident Fund (PF), Employee State Insurance Corporation (ESIC), Professional Tax (PT), Gratuity, Bonus, Incentives, and other statutory obligations.
Tax Compliance:
File and pay Taxes Deducted at Source (TDS) and Electronic Tax Deducted at Source (ETDS) returns as per regulatory requirements.

GST Compliance:
Match GST input credits with GSTR 2A and ensure compliance with Goods and Services Tax (GST) regulations.
Annual Accounts Review:
Review annual accounts and liaise with auditors for any necessary adjustments.
Monthly & Annual Accounts Finalization:
Ensure the accurate and timely finalization of monthly and annual accounts.
MIS Reporting:
Support Management Information System (MIS) reporting by providing necessary financial data and analysis.
Bank Coordination:
Collaborate with banks to address financial issues, reconcile statements, and manage banking relationships.
Management Reporting:
Prepare financial reports as required by management, providing insights into financial performance and trends.
Audits:
Coordinate with internal and statutory auditors for periodic audits, ensuring accurate and complete documentation.
Digitization & Record Keeping:
Implement digital record-keeping practices to maintain and archive financial documents efficiently.
Branch and Sales Team Coordination:
Collaborate with other branches and sales teams to ensure smooth financial transactions and support their needs.
Qualifications:
Preferred CA / Inter CA or MBA
Proven experience in accounts payable and financial management.
Excellent organizational, leadership, and communication skills.
Proficiency in accounting software and Microsoft Excel.

Information above is Internshala's interpretation and paraphrasing of what we found on the shared link.