185 Journal Entries jobs in India

General Ledger Accountant - Bangalore

Purpose of the Job: Setting up and maintaining accounting records. Preparing and booking journal entries and account reconciliations that are accurate and compliant with company policies and applicable accounting principles

Location : Manyata Tech Park Bangalore

Primarily Roles & Responsibilities

• Responsible for the accounting of one or more designated operating companies.
• Ensuring accounting entries are posted in a timely manner so that account balances are properly stated
• Taking ownership of the balance sheet accounts and performing analytical reviews of those accounts. Preparing and documenting month-end Balance Sheet Specifications (reconciliation, G/L account breakdown, supporting documentation)
• Coordination and execution of the month end closing activities of the entities according to closing schedule and in line with both US GAAP and internal accounting guidelines and participating in month-end close in general by performing a variety of accounting tasks
• Conducting quarterly balance sheet and P & L Fluctuation Analysis and monthly expense variance analysis
• Preparing consolidation, inter-company transactions and reconciliations
• Local GAAP to US GAAP reconciliations
• Ensuring VAT and intrastat transactions are properly accounted for and recorded. Preparing monthly tax calculations & schedules. Responsible for local VAT and Intrastat filings according to legally required timelines
• Producing financial statements and other reports and reviews for accuracy. Preparing accurate and timely financial reports for assigned business unit(s) or department(s) to support company accounting, reporting and forecasting cycles
• Identifying country specific Legal & Statutory requirements (e.g. content, format, filing due dates, penalties) relating to tax and accounting and coordinating activities to comply with them
• Compiling Statutory Accounts and Income Tax Returns (e.g. coordination completion of Statutory Accounts, preparing Financial Statements, Notes to the Financial Statements and Management Report, filing Financial Statements and Tax Returns to local authorities)
• Informing management of progress and roadblocks; identifying actions required
• Participating in and providing support to cross-functional teams. Conducting analyses as needed to support project objectives. Participates in other projects and assignments as needed to support the goals of the department and the company
• Assisting in maintaining various accounting systems and processes in area of responsibility, creating and maintaining documentation on procedures while providing ongoing process improvement recommendations and development of automated systems
• Ensure compliance with Company accounting policies and the application of generally acceptable accounting principles
• Identifying internal risks and ensuring SOX compliance of the locations in the country/countries. Completing and maintaining process documentation
• Solving practical problems and dealing with a variety of situations where limited procedures currently exist
• Assisting with accounting matters within the department and with other departments
• Assisting with external and internal audits and participating in tax audits in EMEA
• Additional responsibilities as assigned

Skills, Knowledge, Abilities

• Must have strong work ethics and be well organized and a self-starter
• Detail oriented, professional attitude, reliable, organized and accurate
• Possess strong organizational and time management skills
• Strong problem solving skills, documentation skills, research and resolution skills, data analysis and multi-tasking skills
• Thorough knowledge of general ledger systems and procedures, financial chart of accounts and corporate procedures
• Ability to interact with all levels of external and internal organization in a professional manner
• Ability to perform mathematical computations such as percentages, fractions, addition, subtraction, multiplication and division quickly and accurately – highly numeric
• Knowledge of general accounting principles, (US GAAP & local & tax), activities and processes
• Experience of Internal Controls (SOX)
• Ability to balance multiple priorities and meet deadlines
• Ability to cope with complexity
• Drive to recommend and aid implementation of process improvement
• Flexibility and adaptable to change
• Ability to work both independently and as part of a team in a fast-paced and high volume environment with emphasis on accuracy and timeliness
• Good communication (verbal and written) and problem-solving skills; great interpersonal skills and ability to work well with others
• Good skills in Microsoft Word, Excel and Outlook

Education/Experience Requirements

• CA, ICWA, CPA with experience of 8+ years in general ledger accounting, preferably within an international shared services environment.
• Additionally, at least 2 years’ experience with SAP ERP accounting system.
• Professional level of knowledge of modern accounting practices

About the Role – GL Account Leader

The GL Account Leader, a qualified Chartered Accountant (CA) , will be responsible for leading the General Ledger function, ensuring accuracy, compliance, and timeliness in all accounting and reporting activities. The role involves managing end-to-end GL operations, including journal entries, reconciliations, month-end and year-end closures, and statutory financial reporting. The incumbent will lead a small team, drive process improvements, coordinate with internal and external auditors, and ensure adherence to accounting standards and company policies.

Proficiency in SAP/Tally , a strong understanding of Indian Accounting Standards (IND AS) , and excellent analytical and leadership skills are essential for success in this role.

Key Responsibilities

Month-End Close Process

• Lead and coordinate the month-end and year-end close process, ensuring timely and accurate financial reporting.
• Review and approve general ledger account reconciliations, resolving discrepancies promptly.
• Prepare and analyze monthly financial statements, variance analyses, and management reports for senior stakeholders.

Financial Reporting

• Ensure compliance with accounting standards, IND AS, and regulatory requirements.
• Prepare and submit financial reports to statutory bodies, auditors, and other stakeholders.

General Ledger Management

• Maintain the accuracy and integrity of the general ledger, including chart of accounts and subsidiary ledgers.
• Implement and monitor accounting controls and assess the impact of changes in accounting standards.

Reconciliation and Audit Support

• Conduct regular reconciliations of GL accounts, bank accounts, and intercompany transactions.
• Support internal and external audits through preparation of schedules and responses.
• Ensure compliance with audit recommendations and company policies to minimize audit remarks or qualifications.

ICOFR and Internal Controls

• Strengthen the internal control environment and ensure effective ICOFR (Internal Controls over Financial Reporting) processes.
• Ensure minimal non-compliances during control testing.

Team Development

• Hire, train, and mentor team members, aligning them with business objectives.
• Identify training needs and promote continuous learning and upskilling.
• Conduct performance appraisals and succession planning for key positions.

Qualification

• Chartered Accountant (CA)

Experience

• 7–10 years of relevant experience in General Ledger Accounting, Financial Reporting, or Audit, preferably in a manufacturing setup.

Key Responsibilities:

• Perform daily and monthly general ledger activities, including journal entries, reconciliations, and adjustments.

• Ensure timely and accurate month-end and year-end closing procedures.

• Record journal entries, accruals, prepayments, and inter company transactions.

• Prepare and review balance sheet reconciliations and investigate discrepancies.

• Analyze and reconcile balance sheet accounts, investigate variances, and resolve discrepancies.

• Maintain and update the fixed assets register, including additions, disposals, and depreciation. • Process intercompany transactions and reconciliations.

• Support compliance with accounting standards, company policies, and internal control frameworks.

• Support GST, TDS, and other statutory filings in coordination with the compliance team.

• Provide data and schedules to internal and external auditors.

• Collaborate with cross-functional teams to ensure accurate financial data flow and reporting.

• Assist in developing and enhancing accounting systems and process automation initiatives.

• Maintain documentation for accounting processes and procedures.

• Assist in implementing process improvements and automation within the accounting function.

Job Description –

Overview

The role is responsible for prepaid expenses, legal accruals, intercompany accounting, deposit

reconciliations. This includes ensuring timely and accurate month-end close activities, quarterly

reporting adjustments, and coordination with FP&A, Treasury, Tax, and other stakeholders.

Key Responsibilities

Prepaids

● Manage prepaid accruals and posting (WD-2 and WD-1).

● Prepare and send prepaid workbooks to FP&A.

● Send Bandwidth/Colocation items to designated contacts (WD-2).

● Perform prepaid corrections identified during close reviews.

● Conduct prepaid reviews on WD-10 and WD-5, making journal entry corrections as

needed.

● Run amortization schedules for primary and statutory books (WD-10, W-2, WD-1, WD-2,

WD-3).

● Perform quarterly netdown and long-term/short-term (LT/ST) reclass entries.

● Support quarterly prepaid and current asset mapping.

Legal Accruals

● Record internal legal accruals from FP&A.

● Manage accruals for Newland Chase and Goeschl Law.

Intercompany

● Record intercompany entries received via ICO email.

● Perform netting activities (WD-1 and WD-5), excluding China, India, GCC, and Korea.

● Send Treasury and Tax Cloudflare AP ICO balances (WD-5).

● Clear FAM ICO balances.

● Prepare quarterly intercompany expense billing.

Deposits

● Follow up on outstanding deposits to ensure timely recovery of funds.

● Review deposit coding for accuracy; reclassify misbooked items.

● Confirm that deposits remain current and active.

● Perform quarterly netdown and LT/ST reclass entries.

Other Close Activities

● Record ARO (Asset Retirement Obligation) entries.

● Manage entries for United Airlines and private jet accruals.

● Adjust and run quarterly cloud computing amortization schedules.

● Assist with quarterly capitalized software accounting and uploads.

Qualifications

● Experience in accruals, amortizations, and intercompany accounting.

● Detail-oriented with the ability to manage multiple close deadlines.

● Proficient in NetSuite, BlackLine and advanced Excel/financial modeling.

● Strong communication skills to coordinate across FP&A, Treasury, Tax

• Maintain and reconcile the general ledger accounts accurately and in a timely manner.
• Process journal entries, ensuring proper documentation and coding.
• Perform month-end and year-end closing procedures.
• Prepare financial statements and reports in accordance with GAAP.
• Analyze financial data and investigate discrepancies.
• Assist with audits, providing necessary documentation and explanations.
• Ensure compliance with company policies and accounting standards.
• Manage fixed asset accounting and depreciation schedules.
• Support accounts payable and accounts receivable functions as needed.
• Contribute to process improvements within the accounting function.
• Handle intercompany transactions and reconciliations.
• Stay updated on relevant accounting regulations and best practices.

• Bachelor's degree in Accounting, Finance, or a related field.
• Minimum of 3 years of experience in general ledger accounting.
• Proficiency in accounting software (e.g., QuickBooks, SAP, Oracle) and Microsoft Excel.
• Solid understanding of Generally Accepted Accounting Principles (GAAP).
• Excellent analytical and problem-solving skills.
• Strong attention to detail and organizational abilities.
• Effective communication and interpersonal skills.
• Ability to work independently, manage workload, and meet deadlines in a remote environment.
• Experience with financial statement preparation is essential.
• Experience in a remote work setting is highly desirable.

Role: Manager

Qualification: CA (Mandatory)

Experience; 7+ years

CTC: 20-22 LPA

Mandatory experience in SAP and Team handling.

Role:

The GL / R2R Manager will be responsible for managing end-to-end Record-to-Report processes, including general ledger accounting, month-end close, reconciliations, financial reporting, and compliance.

• Oversee all R2R activities, including journal entries, accruals, reconciliations, intercompany accounting, and fixed assets.
• Manage month-end, quarter-end, and year-end close processes, ensuring timeliness and accuracy.
• Review and approve balance sheet reconciliations, Fixed Asset reconciliations.
• Ensure compliance with accounting standards (UK GAAP/IFRS) and internal controls.
• Manage, mentor, and develop a team of accountants/analysts to deliver high-quality outcomes.
• Act as a key point of contact for global finance stakeholders on R2R / GL matters.

Qualifications & Skills:

• 7–10 years of accounting and R2R experience, with at least 3+ years in a managerial role.
• Strong knowledge of GAAP/IFRS and R2R best practices.
• Hands-on experience with SAP ERP.