Accounts Executive – Factory Operations

Magical Nest · Bengaluru, India

Magical Nest is a premium kids' room interior and furniture company specializing in highly customized residential interiors and furniture solutions.

We are looking for a reliable and detail-oriented Accounts Executive / Junior Accountant to manage day-to-day accounting and finance activities at our factory office in Cheemasandra, Bangalore.

This is a hands-on junior-to-mid-level accounting role for someone who is comfortable working closely with procurement, factory, vendors, project teams, and the central finance function.

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Key Responsibilities

Day-to-Day Accounting

- Handle routine accounting entries and bookkeeping

- Record purchase, sales, payment, receipt, and journal entries

- Maintain accurate ledgers and supporting documentation

- Ensure all transactions are recorded correctly and on time

- Maintain proper filing of bills, invoices, vouchers, and financial records

Vendor & Purchase Accounting

- Verify vendor bills against purchase orders, delivery records, and supporting documents

- Maintain vendor ledgers and reconcile vendor accounts

- Track vendor advances and outstanding payments

- Follow up internally for invoice discrepancies or missing documents

- Prepare vendor payment schedules for approval

Factory Expense Accounting

- Record and track factory-related expenses

- Maintain records of labour, material, transport, petty cash, and operational expenses

- Ensure expenses are allocated to the correct project or cost centre

- Monitor recurring factory expenses and highlight unusual variances

Project-Wise Cost Tracking

- Maintain project-wise accounting records

- Track material purchases, vendor costs, labour expenses, logistics, and other project expenses

- Support project profitability and cost analysis

- Ensure project expenses are correctly tagged in the accounting system

Bank & Cash Reconciliation

- Perform bank reconciliations

- Maintain petty cash records

- Verify cash expenses and supporting vouchers

- Reconcile payments, receipts, and outstanding balances

GST & TDS Support

- Assist with GST calculations and reconciliations

- Maintain GST-related documentation

- Support TDS calculations, deductions, and record keeping

- Coordinate with the Finance Manager / CA for statutory filings

- Ensure required accounting information is available before filing deadlines

Receivables & Payables

- Track vendor payables and payment due dates

- Maintain customer receivable records wherever applicable

- Prepare aging reports for outstanding amounts

- Support follow-up and reconciliation activities

Inventory & Material Accounting

- Coordinate with procurement and factory teams for material records

- Assist in reconciliation of purchases against material received

- Track material-related invoices and supporting documentation

- Support periodic inventory verification and stock reconciliation

MIS & Reporting

- Prepare routine accounting reports

- Maintain payable, receivable, and expense trackers

- Support month-end closing activities

- Provide accounting data to management and the Finance team as required

Audit & Documentation

- Maintain complete supporting documents for accounting transactions

- Assist during internal and statutory audits

- Coordinate with auditors and external consultants when required

- Ensure records remain accurate and audit-ready

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Required Skills

- Good understanding of basic accounting principles

- Hands-on knowledge of Tally Prime / Tally ERP

- Working knowledge of GST and TDS

- Good working knowledge of Microsoft Excel / Google Sheets

- Experience with vendor reconciliation and purchase accounting

- Good numerical accuracy and attention to detail

- Strong documentation and follow-up discipline

- Ability to coordinate with vendors and internal teams

- Basic communication skills in English and Hindi; Kannada is an advantage

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Experience & Qualifications

- 2–4 years of relevant accounting experience

- B.Com / M.Com or equivalent qualification preferred

- Experience in furniture, home interiors, manufacturing, modular furniture, construction, or other project-based businesses will be strongly preferred

- Experience working in a factory or procurement-heavy environment is an advantage

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Ideal Candidate

We are looking for someone who:

- Is hands-on and comfortable with day-to-day accounting

- Is organized and disciplined with bills, vouchers, and documentation

- Can independently handle vendor reconciliations and routine accounting

- Is comfortable working from a factory environment

- Follows up proactively instead of waiting for instructions

- Understands the importance of project-wise cost tracking

- Can grow into a larger finance and accounting role over time

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Work Location

Cheemasandra, Bangalore

This is a full-time Work From Factory position.

Candidates living nearby or willing to commute/relocate to the Cheemasandra area will be preferred.