including CAPEX, CWIP, and expense tracking.
Monitor
project budgets
, cost overruns, and variance analysis.
Track
capitalization of assets
post-commissioning.
Control
purchase orders, work orders, and contractor bills
.
2. Vendor & Contractor Accounting
Verify and process
contractor RA bills, vendor invoices
, and service bills.
Ensure
rate contracts, GST compliance
, and retention money accounting.
Reconcile vendor accounts and resolve discrepancies.
3. Statutory & Tax Compliance
Ensure compliance with
GST, TDS, TCS
, and other applicable taxes.
Coordinate filing of
GST returns, TDS returns
, and reconciliation (GSTR-2B, 3B).
Support audits and statutory inspections.
4. Banking & Cash Management
Handle
project banking operations
, payments, and fund utilization.
Monitor
LCs, BGs, and advances
related to project procurement.
Maintain cash flow statements for the project.
5. Inventory & Stores Accounting
Track
project inventory
, spares, consumables, and capital goods.
Coordinate with stores for
GRN, issue slips, and stock reconciliation
.
Monitor scrap, wastage, and excess material accounting.
6. MIS & Reporting
Prepare
weekly/monthly project MIS
, cost sheets, and management reports.
Provide financial inputs for
project review meetings
.
Support management in financial decision-making.
7. Coordination & Controls
Coordinate with
project, procurement, stores, engineering, and plant teams
.
Ensure proper
documentation, approvals, and internal controls
.
Implement SOPs for project accounting and financial discipline.
Key Performance Indicators (KPIs)
Accuracy of project accounts
Budget adherence & cost variance control
Timely processing of bills & payments
Statutory compliance & audit closure
Quality and timeliness of MIS
Qualification & Experience
CA / ICWA / MBA (Finance) / M.Com
5-10 years
experience in
steel / TMT bar / manufacturing project accounting