Retail Store Accountant

Functional Skills

Functional Skills are essential skills that help individuals perform tasks effectively in everyday life, work, and education.

Financial Accounting

Retail Operations Knowledge

Inventory Management

Tax Compliance

Budgeting and Forecasting

Data Analysis

Accounting Software Proficiency

Auditing Skills

Communication Skills

Problem-Solving Skills

Soft Skills

Communication, teamwork, and critical thinking to ensure seamless project execution.

Communication Skills

Attention to Detail

Problem-Solving

Time Management

Analytical Skills

Organizational Skills

Adaptability

Integrity

Teamwork

Stress Management

Technical Skills

Technical Skills are specialized abilities and knowledge needed to perform specific tasks or functions.

Accounting Software Proficiency (e.g., Tally, SAP)

GST (Goods and Services Tax) Knowledge

Inventory Management

Financial Reporting and Analysis

Bookkeeping

Data Analysis and Reporting

Tax Planning

Auditing

Budgeting and Forecasting

Point of Sale (POS) Systems

Cost Accounting

Communication and Interpersonal Skills

Duties and Responsiblities

Task

95%

Managing daily accounting tasks, including accounts payable and receivable, ensuring accurate financial records.

92%

Preparing and analyzing financial statements (balance sheets, income statements) to provide insights into store performance.

90%

Reconciling bank statements and managing cash flow to ensure sufficient funds for store operations.

88%

Handling tax compliance, including GST filings and income tax returns, ensuring adherence to Indian tax laws.

85%

Monitoring inventory levels and conducting regular stock audits to minimize losses and improve inventory management.

82%

Processing payroll and managing employee compensation, ensuring timely and accurate payments.

80%

Preparing budgets and financial forecasts to support strategic decision-making and financial planning.

78%

Analyzing sales data and identifying trends to optimize pricing and promotional strategies.

75%

Ensuring compliance with accounting standards and internal control procedures to safeguard company assets.

72%

Liaising with auditors and providing necessary documentation for financial audits.

70%

Managing fixed assets and depreciation schedules to accurately reflect asset values.

68%

Implementing and maintaining accounting software systems to improve efficiency and accuracy.

Work Activities

95%

Preparing accurate financial statements and reports for retail store management.

92%

Developing and managing budgets to optimize profitability in retail operations.

90%

Overseeing inventory valuation and cost accounting for retail products.

88%

Ensuring compliance with tax regulations and filing accurate tax returns.

85%

Preparing for internal and external audits to ensure financial integrity.

82%

Monitoring and managing cash flow to meet operational needs in the retail store.

80%

Analyzing financial variances and providing insights for improved performance.

78%

Managing payroll processes and ensuring accurate and timely payments to employees.

75%

Performing bank reconciliations and resolving discrepancies in financial records.

72%

Conducting financial analysis to identify trends and opportunities for growth.

70%

Implementing and maintaining internal controls to safeguard assets.

Detailed Work Profile

Interests