Junior Accounting Associate

Job Description :

Job Title : Account Assistant

Location : Lower parel

Department : Accounts

Employment type : Full time

About us :

Firefly Diamonds is a new entrant in the fast growing lab-grown diamond jewellery market. The founders of Firefly are bringing over 60 years of jewellery experience into the B2C space. We offer exquisite, timeless pieces that celebrate life’s most cherished moments, all crafted with exceptional attention to detail and a commitment to sustainability. With a focus on outstanding customer service and eco-conscious practices, Firefly redefines luxury for the modern world. Join us as we aim to create India's #1 LGD brand

Position Overview :

We are seeking a detail-oriented Junior Accounts Executive with a solid understanding of accounting principles and proficiency in using accounting software like Tally. The ideal candidate should be familiar with GST, TDS, and general bookkeeping practices. This role involves maintaining accurate financial records, handling day-to-day transactions, and ensuring compliance with tax regulations.

Key Responsibilities :

• Tally Entries :
• Record day-to-day financial transactions, including sales, purchases, receipts, payments, and journal entries in Tally.
• Maintain and update ledgers, trial balance, and balance sheets in Tally.
• GST (Goods and Services Tax) :
• Assist in preparing and filing GST returns (GSTR 1, GSTR 3B, etc.).
• Ensure accurate calculation and timely payment of GST.
• Reconcile GST input credits with vendor invoices and company accounts.
• TDS (Tax Deducted at Source) :
• Deduct and deposit TDS on applicable transactions (salaries, contractor payments, rent, etc.).
• Assist in preparing and filing TDS returns and generating TDS certificates.
• Maintain TDS reports and ensure timely compliance with regulatory requirements.
• Accounting Entries :
• Handle accounts payable / receivable entries, bank reconciliations, and expense records.
• Prepare and maintain accurate financial statements and supporting documents.
• Assist with monthly, quarterly, and annual financial closings.
• Compliance and Reporting :
• Ensure timely and accurate filing of tax-related documents (GST, TDS, etc.).
• Support the senior accountant in audits and financial report preparation.
• Assist in maintaining documentation for tax audits and assessments.

Requirements