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Ensuring all invoices & Payments are booked in system
Ensuring all payments are booked & Date of clearance are put in system
Reconcile FD Balances as per books with FD Statement
Required updation of expenses in description column while posting entries
Insert Pivot table mentioning Expenses against each payment transaction done during the month
Fill the detail in required format of Cash Flow Statement
TDS rate and Section to be defined while creating a particular Vendor Master in system
Checking TDS deduction while posting entry whether captured by system itself or not
Ensuring all Invoices are booked & TDS have been captured on them wherever it is required
PAN No of Vendor & Employees is compulsorily required to be taken whose TDS is deducted.
Special consideration of TDS is required over Farmers payment based on agreements executed whose Ledger is not created in system as TDS is manually deducted on them.
Check Actual Spend data from Jan to a particular month
Identify any change with Previous shared data and specify reason of change
Merge new entries in previous data & update change if any
Create Pivot on Updated data & fill the detail with Pivot in required budget vs Actual Data
Provision is required to be taken for TER pending & Incentive
Forecast of Manpower based on Budgeted Resources for TER & Salary and For FPE & MC POP, either based on PO Open or balance available is considered
Forecast of Backend to be considered on average basis & expenses to be incurred
Salary sheet is to be considered as finally checked & Verified by Finance
Salary posting is based on CTC less Medical allowance & Gratuity as well as LWF
LWF is posted on actual payment basis as expense
PF/ESI/PT Lia should be matched month on month basis
Compile TDS Data of 3 months falling in one Quarter and fill in required format
Import Data in Saral TDS Software & identify if any issue or error occurs
Correct the error and then import again then Verify all PAN & link all TDS Challan
File the return & extract form 27 & return data then submit it to Facilitation Center
Get Acknowledgment Copy & all record should be kept in a proper file
Get the detail of employees as on 31st March from HR department in required format
Share the detail & attrition ratio with Actuaries to get Gratuity valuation
Share the detail of bifurcation so that FD can be made separately for FMC & Corteva
After ensuring correctness & Completeness of accounts
Highlight long pending Invoices
Ask Ledger Statement from FMC till last month
Ensure payment & Invoices entries are proper in books
Prepare reconciliation & share with Corteva & FMC Team
First book entries of invoices in books before making their payment
Ensure TDS & GST has been taken in Invoice entries
Get Confirmation over TER payment being
Prepare Payment sheet & share it in order to upload the payments
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