Accountant Jobs Opening in Ameza jewels at C G Road, Ahmedabad
Job Description
Job Summary:
The Accountant – Jewelry Industry will be responsible for managing day-to-day financial transactions, inventory accounting, GST compliance, reconciliation, and assisting with audits. This role is integral in maintaining financial accuracy and ensuring all statutory requirements are met while supporting management in key financial decisions.
Experience in handling accounts for a jewelry business—including cost tracking of raw materials (gold, silver, diamonds), karigar (artisan) payments, melting loss calculations, and sales ledger maintenance—is highly preferred.
Key Responsibilities:
1. Daily Accounting Operations:
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Record and monitor all day-to-day financial transactions using Tally ERP or similar accounting software.
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Maintain ledgers including sales, purchases, expenses, and bank/cash books.
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Prepare journal entries and ensure accurate accounting of all transactions.
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Post and process journal entries to ensure all business transactions are recorded accurately.
2. Inventory & Stock Accounting (Jewelry-Specific):
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Maintain inventory valuation records for gold, silver, diamonds, and other precious stones.
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Track daily stock-in and stock-out, including purchases, sales, production, and wastage.
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Reconcile physical inventory with system stock regularly.
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Calculate and record wastage, melting losses, and conversion of raw gold to finished goods.
3. Karigar & Job Work Accounting:
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Maintain detailed records of karigar (artisan) transactions, job work entries, and finished goods issued/received.
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Track gold and silver issued to karigars and reconcile balances regularly.
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Ensure proper entries for labor charges and job card updates.
4. Taxation and Compliance:
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Prepare and file monthly GST returns (GSTR-1, GSTR-3B) and ensure timely payment of tax liabilities.
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Generate E-invoices and E-way bills for movement of goods.
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Assist in TDS computation, return filing, and vendor compliance.
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Stay updated on GST rules applicable to precious metal/jewelry businesses.
5. Banking and Reconciliation:
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Handle bank transactions including deposits, withdrawals, NEFT/RTGS payments, and loan-related work.
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Reconcile bank statements monthly and resolve discrepancies.
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Maintain petty cash book and reconcile daily expenses.
6. Reporting & Audit Support:
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Prepare monthly financial statements such as P&L, balance sheet, cash flow.
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Assist external auditors during internal and statutory audits.
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Maintain audit-ready documentation of bills, vouchers, ledgers, and contracts.
7. MIS and Financial Analysis:
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Generate customized MIS reports for management review including stock status, sales margins, and expense summaries.
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Support decision-making with financial analysis on cost, pricing, and profitability.
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Maintain control sheets for gold rates, purchase rates, and margin monitoring.
More information about this Accountant Job
Please go through the below FAQs to get all answers related to the given Accountant job
- What are the job requirements to apply for this Accountant job position?
- Ans: A candidate must have a minimum of 1 to 3 year experience as an Accountant
- What is the qualification for this job?
- Ans: The candidate can be a Graduate from any of the following: B.Com
- What are the salary requirements for this job?
- Ans: The salary range is between 25000 and 35000 Monthly. The Salary will depend on the interview. This Accountant is a Full Time in Ahmedabad.
- What is the hiring Process of this job?
- Ans: The hiring process all depends on the company. Normally for an entry level, hiring the candidate has to go for Aptitude, GD (If they look for communication),Technical test and face to face interviews.
- This Accountant is a work from home job?
- Ans: No ,its not a Work from Home Job.
- How many job vacancies are opening for the Accountant position?
- Ans: There are immediate 1 job openings for Accountant in our Organisation.
Job Particulars
About Company
Jewelry 'accountability' or 'accordance' criteria are usually referred to as valuation standards or appraisal criteria. These are the elements professional appraisers consider when determining the value of a piece of jewelry, whether for insurance, resale, estate planning, or other purposes.
Here are the key criteria used in jewelry appraisal and valuation:
I. Overall Piece Assessment:
- Credentials of the Appraiser: The most crucial element. A legitimate appraisal must be conducted by a qualified, certified jewelry appraiser from reputable organizations like the Gemological Institute of America (GIA), National Association of Jewelry Appraisers (NAJA), or American Society of Appraisers (ASA).
- Detailed Item Descriptions: A thorough appraisal includes specifics like:
- Metal type (e.g., 14K gold, platinum, sterling silver)
- Weight (of the overall piece, and separately for metals and gemstones)
- Gemstone type(s)
- Dimensions and measurements
- Any distinguishing features, hallmarks, or inscriptions
- Condition (signs of wear, damage, repairs)
- Craftsmanship and attention to detail
- Design, age, and any designer or brand association (high-end brands often carry a premium)
- Photographic Documentation: High-resolution images from multiple angles are essential for identification, proving ownership, and showing the condition.
- Date of Appraisal and Market Context: Valuations must reflect current market conditions, as prices for precious metals, gemstones, and retail markups fluctuate. Experts recommend updating appraisals every 2-3 years for high-value items, or immediately after significant market shifts.
- Clearly Stated Value Type: The purpose of the appraisal dictates the type of value assigned. Common types include:
- Replacement Value: (Most common for insurance) What it would cost to replace the item with a comparable one in today's market.
- Fair Market Value: (For resale or estate purposes) What a willing buyer and seller would agree upon in a private transaction.
- Liquidation Value: (For quick sale scenarios) A lower value typically used in distressed sales.
- Appraisal Format and Professional Presentation: A legitimate appraisal is a professionally formatted, typed report on company letterhead, including the appraiser's signature, certification, and contact details.
II. Precious Metal Criteria:
- Purity (Fineness/Karatage): This is a primary factor.
- Gold: Measured in karats (K). 24K is considered pure gold (99.9% or higher). Common purities include 18K (75% gold), 14K (58.3% gold), and 10K (41.7% gold). Higher karat gold is generally more valuable.
- Platinum: Typically measured in parts per thousand (e.g., 950 parts per thousand means 95% pure). Platinum is rarer and denser than gold, often commanding a higher value.
- Silver: Measured in fineness (e.g., 925 for sterling silver, meaning 92.5% pure).
- Weight: Measured in troy ounces, grams, or kilograms. The weight of the precious metal directly contributes to its intrinsic value.
III. Gemstone Criteria (The 4 Cs for Diamonds, and similar for colored gemstones):
- Carat Weight: The weight of the gemstone (1 carat = 0.2 grams). Larger gemstones generally have a higher value, assuming other factors are equal.
- Color:
- Diamonds: Graded on a scale from D (colorless) to Z (light yellow or brown). Colorless diamonds are most valuable.
- Colored Gemstones: Color is paramount. Evaluated based on three parameters:
- Hue: The basic color (e.g., red, blue, green).
- Tone: How light or dark the color is.
- Saturation: The purity or intensity of the color (how vibrant it is, or how much gray/brown is present). High saturation is generally more valuable.
- Clarity: The extent to which a gemstone is free from internal inclusions (flaws) or external blemishes.
- Diamonds: Graded from Flawless (FL) to Included (I).
- Colored Gemstones: Categorized into types based on their typical clarity (e.g., Type I: usually eye-clean like aquamarine; Type II: usually some inclusions like ruby; Type III: usually significantly included like emerald).
- Cut: For faceted gemstones, this refers to how well the stone has been shaped and polished to interact with light. A good cut maximizes brilliance, fire, and scintillation.
- Diamonds: Cut is considered the most important of the 4Cs for overall beauty.
- Colored Gemstones: The cut also impacts brilliance and how well the color is displayed. Different cuts (faceted, cabochon) serve different purposes.
IV. Other Contributing Factors:
- Rarity: Unique or limited-edition pieces, or rare gemstones, can command higher prices.
- Provenance/History: The history of ownership, especially for antique or historical pieces, can add significant value.
- Market Trends: Current demand and fashion trends can influence a piece's value.
- Condition and Maintenance: Well-maintained jewelry free from significant damage or wear will appraise higher. Any repairs or restoration should be disclosed.
- Original Components: Jewelry with all its original components (clasps, settings, gemstones) often holds higher value.
- Certificates: Gemological laboratory reports (e.g., GIA, AGS, IGI for diamonds) provide independent verification of a gemstone's characteristics and greatly contribute to the credibility of the appraisal.
