Function: Accounts Receivable / Order to Cash / Revenue Accounting
Reporting To: AGM/DGM – Finance & Accounts
Qualification: B.Com / M.Com / MBA Finance / CA Inter preferred
Experience: 3 to 6 years in AR, O2C, revenue accounting, SAP FI-AR and reconciliation

Role Summary

We are looking for a detail-oriented and process-driven Accounts Receivable professional to manage the end-to-end AR and revenue accounting process. The role will be responsible for customer billing, revenue recognition, receipt accounting, customer ledger reconciliation, GST/TDS reconciliation, AR ageing, collection follow-up, SAP postings, and month-end closing activities. The candidate should have strong working knowledge of AR accounting, SAP FI-AR, GST compliance, customer reconciliation, Ind AS 115 revenue recognition, and Ind AS 109 expected credit loss requirements.

Key Responsibilities

1. Customer Billing and Revenue Accounting

• Raise and account customer invoices accurately and on time after validating customer details, GSTIN, place of supply, billing period, contract/PPA/PO terms, tariff/rate, revenue GL, tax code, HSN/SAC and supporting documents.
• Ensure revenue is recognized as per applicable accounting standards and company policy, and not merely based on invoice generation.
• Process credit notes and debit notes with proper approval and supporting documentation.
• Maintain billing tracker, revenue tracker and contract-wise billing details.
• Perform monthly revenue accrual and unbilled revenue accounting wherever invoice is pending.
• Reverse unbilled revenue after actual invoice generation and reconcile the same.
• Prepare customer-wise revenue reconciliation and support management reporting.

2. Accounts Receivable and Collection Accounting

• Post customer receipts in SAP and ensure correct customer mapping.
• Clear customer open items and maintain clean customer ledgers.
• Account for TDS deducted by customers and reconcile TDS receivable balances.
• Track short receipts, excess receipts, unapplied receipts and customer suspense balances.
• Prepare customer ageing reports and collection trackers.
• Follow up for overdue receivables and escalate long outstanding balances on time.
• Maintain customer dispute tracker and coordinate with business/commercial teams for resolution.

3. Customer Ledger and Reconciliation

• Perform customer ledger reconciliation on a periodic basis.
• Reconcile invoices, receipts, TDS, credit notes, debit notes and advances.
• Reconcile revenue as per SAP GL with billing tracker, contract data and MIS.
• Obtain and reconcile customer balance confirmations periodically.
• Review advances from customers and contract liabilities for proper adjustment.
• Identify old open items and ensure timely resolution/clearing.

4. GST and TDS Compliance Support

• Prepare sales register and reconcile the same with SAP revenue and GST output liability.
• Reconcile e-invoice portal, GST portal and SAP invoice data.
• Support GSTR-1 related activities including credit note/debit note reporting.
• Ensure correct GSTIN, state code, place of supply and tax treatment in customer invoices.
• Reconcile TDS receivable with Form 26AS/AIS and customer deductions.
• Follow up with customers for short deduction, wrong deduction or missing TDS credits.

5. Ind AS Accounting Knowledge

• Apply Ind AS 115 principles for revenue recognition, performance obligations, transaction price, contract asset, contract liability, deferred revenue and variable consideration.
• Understand treatment of unbilled revenue where performance obligation is satisfied but invoice is pending.
• Understand treatment of customer advances/deferred revenue where consideration is received before supply/service.
• Apply Ind AS 109 principles for trade receivables as financial assets, expected credit loss, provision matrix, doubtful debt identification and bad debt write-off.
• Support ECL provision working based on AR ageing, historical collection pattern, customer credit risk and specific doubtful cases.

6. SAP AR Activities

• Work on SAP FI-AR transactions for invoice posting, credit memo, receipt posting, customer clearing, reversal, line item display and customer balance review.
• Understand the difference between FI invoice posting through FB70 and SD billing through VF01/VF03.
• Use FBL5N for customer line item analysis, open item review and ageing support.
• Use F-28 for incoming payment posting and F-32 for customer clearing.
• Coordinate with master data team for customer master creation/change after proper approval and validation.
• Use SAP reports for GL line item review, revenue reconciliation and audit support.

Month-End Closing Responsibilities

1. Ensure all customer invoices for the month are raised within the closing timeline.
2. Book unbilled revenue wherever service/supply has been completed but invoice is pending.
3. Reverse unbilled revenue after actual invoicing and reconcile the same.
4. Post and clear customer receipts and reconcile bank receipts with customer ledgers.
5. Prepare AR ageing and review overdue receivables.
6. Reconcile revenue GL with billing tracker and MIS.
7. Reconcile GST output liability with sales register and SAP books.
8. Reconcile TDS receivable with customer deductions and Form 26AS/AIS.
9. Review customer advances, contract liabilities and unapplied receipts.
10. Review ECL/doubtful receivable provision and share monthly AR MIS with management.

Required Skills and Competencies

Technical Skills

• Strong knowledge of Accounts Receivable and Order to Cash process.
• Good understanding of revenue accounting and customer reconciliation.
• Hands-on experience in SAP FI-AR and working knowledge of SD billing integration.
• Working knowledge of GST, e-invoicing and TDS receivable reconciliation.
• Understanding of Ind AS 115 and Ind AS 109 from AR perspective.
• Good Excel skills including Pivot Table, XLOOKUP, SUMIFS, SUMPRODUCT,ageing and reconciliation workings.
• Ability to prepare AR MIS, collection tracker and management reports.

Behavioural Skills

• Strong ownership mindset and disciplined follow-up approach.
• High attention to detail and accuracy in accounting/tax data.
• Good communication skills for coordination with customers, business teams and internal stakeholders.
• Ability to work under month-end closing pressure and meet timelines.
• Process-oriented approach with strong documentation habits.
• Ability to identify issues early and escalate matters appropriately.

Key Deliverables

• Timely and accurate customer billing.
• Clean customer ledgers and timely receipt clearing.
• Accurate revenue recognition and unbilled revenue accounting.
• Proper GST and TDS reconciliation from AR side.
• Monthly AR ageing, collection tracker and overdue analysis.
• Reduction in overdue receivables and unapplied receipts.
• Timely month-end AR closure and accurate AR MIS for management review.
• Compliance with Ind AS, GST, TDS and internal finance controls.

Preferred Candidate Profile

The ideal candidate should have practical experience in AR accounting and should not be limited to invoice posting only. The person should understand the complete AR responsibility from customer billing to collection, reconciliation, revenue accounting, GST/TDS compliance, SAP reporting and month-end closing.