AccSource KPO Pvt.

Ltd

Role of BCS Team:

a) Compilation of Financials and Tax Returns

Involves preparation of financial statements and tax returns as part of the year end work. The
bookkeeping has already been done, but the books of account may have issues such as bank
accounts not reconciled, debtors and creditors not reconciled, hire purchase not accounted
appropriately, depreciation to be finalized etc.

The job involves reviewing the books of account and ensuring that the books of account are
correct. Primarily the team member is expected to:

- Perform bank reconciliations

- Perform debtor and creditors reconciliation
- Finalise depreciation and fixed asset schedule
- Analysis client’s source documents with the books of account / General Ledger.
- Reconciliation of GST
- GL analysis and Review
- Preparation of Work paper
- Preparation of Tax Returns

b) Personal Tax Returns

- Preparation of Tax Returns for Companies, Trust, Partnership and Individuals.
- Understanding the nature of income and their taxability
- Analysis of client’s source documents
- Analysis in respect of Allowances and deductions

c) Business Activity Statement

- Preparation of GST return or GST activity statement on a quarterly basis.
- Analyse if GST taken is correct. I.s GST is taken only on eligible items and not on ineligible
items.
- Includes analysis of payroll details, Fringe benefit tax and other eligible tax credits

d) Book-keeping Team:

Involves day-today bookkeeping function of clients for our clients in Australia and other regions.
It is a typical bookkeeping function involving:

i) Banking
o Bank coding-based bank feed imports
o Bank reconciliation on regular interval basis
o Processing of vendor payments

ii) Accounts Receivable / Accounts Payable modules

o Creating invoices through module
o Adjusting the bank payments and receipts
o Creating Debtor / Supplier accounts
o Raising Debit / Credit notes
 AccSource KPO Pvt. Ltd

iii) Payroll modules

o Pay run at regular intervals where data are maintained in the software itself
o Payroll data not maintained in bookkeeping software obtain timesheet, pay structure from
the client and process the payroll in compliance with relevant regulations.
o Payroll Module Creation
o Creating employee in the module
o Updating details of employees including the bank details.

iv) Preparation of GST return or business activity statement for bookkeeping jobs on a monthly /
quarterly basis depending upon the business requirements.

e) Strong Communication skills are required to liaise with the client.

f) Flexibility and Team Management skills are expected for proper flow of work.

g) Jobs allocated to Individual is his/her responsibility with guidance / independent reporting

required based on the Role.

h) Attention to details and seamless communication are expected for proper flow of work.