A Jewellery Accountant is responsible for managing the financial records and transactions of a jewellery business, ensuring accuracy and compliance with regulations. This role includes tasks like maintaining ledgers, preparing financial statements, managing accounts payable and receivable, and assisting with tax preparation. They also play a crucial role in cost accounting, pricing strategies, and financial analysis within the jewellery industry. 

Key Responsibilities:

• Maintaining Financial Records: Recording daily transactions, including sales, purchases, and expenses, in ledgers and other accounting systems. 
• Preparing Financial Reports: Generating monthly, quarterly, and annual financial statements, such as income statements, balance sheets, and cash flow statements. 
• Managing Accounts Payable and Receivable: Processing invoices, payments to vendors, and managing customer payments. 
• Cost Accounting: Analyzing and allocating costs for materials, labor, overhead, and waste in jewellery manufacturing, which is crucial for accurate pricing and profitability analysis, according to TryMintly.com. 
• Tax Preparation: Preparing and submitting tax returns, ensuring compliance with tax regulations (TDS, GST, etc.). 
• Bank Reconciliation: Reconciling bank statements with company records to ensure accuracy. 
• Compliance: Ensuring adherence to financial regulations, company policies, and industry standards. 
• Inventory Management: Assisting with tracking and managing the jewellery inventory, ensuring accurate records. 
• Financial Analysis: Analyzing financial data to identify trends, assess profitability, and support business decisions. 
• Budgeting and Forecasting: Assisting with the development of budgets and financial forecasts. 
• Audit Support: Assisting with internal and external audits. 

Skills Required:

• Accounting Software Proficiency: Expertise in using accounting software like Tally, QuickBooks, or others. 
• Financial Analysis Skills: Ability to analyze financial data, identify trends, and provide insights. 
• Attention to Detail: Meticulousness in recording and reviewing financial information. 
• Organizational Skills: Ability to manage multiple tasks, prioritize work, and meet deadlines. 
• Communication Skills: Ability to communicate financial information clearly and concisely to various stakeholders. 
• Knowledge of Regulations: Familiarity with relevant financial regulations, tax laws, and accounting standards. 
• Cost Accounting Knowledge: Understanding of cost accounting principles, particularly in the context of jewellery manufacturing. 
• Ethical Conduct: Maintaining confidentiality and integrity in handling sensitive financial information.