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 (., 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 (., 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.
Proficiency with accounting standards applicable to intercompany transactions
Experience
2 - 8 Years
No. of Openings
15
Education
B.A, BAMS, B.B.A, B.Com, BDS, B.Sc, B.Tech, LLB, Professional Degree
Role
Accountant
Industry Type
Banking / Financial Services / Stock Broking
Gender
[ Male / Female ]
Job Country
India
Type of Job
Full Time
Work Location Type
Work from Home
Face interview location
Ahmedabad