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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.

 

  1. You should know the basic fundamentals of Direct and Indirect Taxation in India
  2. You should have basic and latest information about GST i.e. Goods and Service Tax system in India
  3. You should have a basic knowledge on Banking processes and reconciliation as it is an common activity in accounts department irrespective of type of organization you are working
  4. You should have basic knowledge about Billing / Invoicing and how to generate computerized invoices
  5. You should have basic knowledge about how to determine Customers and Suppliers
  6. You should have basic knowledge about how to operate Tally Accounting Software 
  7. You should have basic understanding on Balance Sheet and Profile & Loss account
  8. You should have basic knowledge about Debit and Credit accounting system 
  9. You should have basic knowledge on how to generate various reports and statements like Ledger, Outstanding, Trial Balance, Sales Register, etc
  10. You should have basic knowledge about opening and closing balances and it’s impact

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