10 Basic Skills you must have while applying Job for Accounts
Here is the basic skill list you must have before applying a suitable Job in Accounts Department.
- You should know the basic fundamentals of Direct and Indirect Taxation in India
- You should have basic and latest information about GST i.e. Goods and Service Tax system in India
- You should have a basic knowledge on Banking processes and reconciliation as it is a common activity in accounts department irrespective of type of organization you are working
- You should have basic knowledge about Billing / Invoicing and how to generate computerized invoices
- You should have basic knowledge about how to determine Customers and Suppliers
- You should have basic knowledge about how to operate Tally Accounting SoftwareÂ
- You should have basic understanding on Balance Sheet and Profile & Loss account
- You should have basic knowledge about Debit and Credit accounting systemÂ
- You should have basic knowledge on how to generate various reports and statements like Ledger, Outstanding, Trial Balance, Sales Register, etc
- You should have basic knowledge about opening and closing balances and it’s impact