Responsibilities
- Maintain accurate financial records and ensure compliance with accounting standards.
- Manage day-to-day inventory operations including receiving, storing, and issuing goods.
- Reconcile inventory counts to accounting records and investigate discrepancies.
- Prepare financial statements, budgets, and variance reports.
- Conduct periodic audits of inventory and financial records.
- Coordinate with procurement and sales departments to manage stock levels.
- Ensure proper documentation and record-keeping for all inventory transactions.
- Prepare and file tax returns in compliance with local regulations.
Qualifications
- Bachelor's degree in Accounting, Finance, or related field.
- Minimum 3 years of experience in accounting and inventory management.
- Proficiency in accounting software and inventory management systems.
- Strong analytical skills and attention to detail.
- Excellent organizational and time-management abilities.
- Ability to work independently and as part of a team.
- Excellent communication and interpersonal skills.
Skills
- Accounting Software (e.g., QuickBooks, SAP)
- Inventory Management Systems
- Microsoft Excel
- Financial Reporting
- Analytical Skills
- Attention to Detail
- Organizational Skills
- Tax Compliance
Frequently Asked Questions
An Accountant cum Inventory professional is responsible for maintaining accurate financial records while managing inventory levels. This role includes tasks like overseeing payroll, budgeting, and financial reporting, combined with monitoring stock and ordering supplies as needed to ensure seamless operations.
To become an Accountant cum Inventory specialist, individuals should pursue an education in accounting, finance, or a related field. Experience in inventory management is also beneficial. Many employers prefer candidates with certifications like CPA or CMA and proficiency in accounting software like QuickBooks or SAP.
The average salary for an Accountant cum Inventory role varies based on factors such as location, experience, and industry. Generally, professionals in this position can expect a competitive salary that aligns with accounting roles, often with additional benefits, due to the dual nature of their responsibilities.
Candidates for an Accountant cum Inventory position typically need a bachelor's degree in accounting, finance, or a related field. Relevant experience in both accounting and inventory management is often required. Certifications like CPA and skills in using accounting and inventory software are highly regarded.
Key skills for an Accountant cum Inventory include proficiency in accounting principles and inventory management, excellent analytical abilities, and attention to detail. Responsibilities include managing financial records, preparing reports, and ensuring accurate inventory tracking to support efficient business operations.