Inventiry Accounting - Bengaluru, India - Outpace Consulting Services

Outpace Consulting Services

Verified Company

Bengaluru, India

1 week ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Hi,

Note:
Please Mention "
Inventory Accounting" in the
Subject Line while Sharing the CV (Immediate Joiners - Prefered)

Responsibilities

Analysis of difference between Goods Receipts and Invoice Receipts due to timing difference and process the necessary adjustments. and ensure the inventory is recorded correctly for the period
Review of stock on hand, whether needs to be lot graded. Updating lot tagging in the system for those lots marked to be lot graded.
Review of accounts by products to verify purchase price variances and Subcontract variances. Any adjustment needs to be reviewed and re classed to COGS or the B/S inventory account.
Perform monthly inventory reconciliation comparing the perpetual inventory report (Semi Finished Goods for Internal Products) to reports from the internal manufacturing plants ERP system. Ensure correct Inventory population is included and reconciled to the General ledgers.
Identify whether there are any stock deviations between ERP and Third Party Contract Manufacturing Organizations stock confirmations and whether the variances require reserve for stock on hand (e.g. reserve recognition, correct inventory reserve release according to sell through/ scrapping).
Review lots tagged within internal manufacturing plants ERP system within the period to determine any requirement for Inventory reserves. Any reserves identified will be posted in to SAP.
Posting Journal Entries to Reserves Creation and amortization
Reconciliation of Balance Sheet Accounts pertaining to Inventory Reserves Accounts
Key Skills
Variance AnalysisCost Accountinginventory accountingBudgeting
ICWAInventory ForecastingCost AuditForecastingProduct CostingInventory ReconciliationP&LInventory AuditInventory Analysis
Skills highlighted with '' are preferred keyskills

Education

UG:_Any Graduate

Company Profile:

Outpace Consulting Services

Company Info

View Contact Details+
Contact Company:_Outpace Consulting Services

Salary:

6-9 Lacs P.A.

Industry:
BPO / Call Centre

Department:
Finance & Accounting

Role Category:
Finance & Accounting - Other

Role:
Finance & Accounting - Other

Employment Type:
Full Time, Permanent