Job Description – Core Accounting

Company: Whizzo Textiles Private Limited

Location: HSR Layout, Bengaluru

About Us

Whizzo Textiles Private Limited is an early-stage B2B startup in the technical textiles sector, building

innovative solutions for industries including automotive, medical, agritech, protective clothing, and

performance wear. We are backed by prominent investors including Lightspeed India, Beenext, and

the co-founders of Zetwerk, who bring deep expertise and conviction in scaling transformative

businesses. With ambitious growth plans, Whizzo is looking for a Business Finance professional to

partner with leadership in driving financial planning, investor reporting, and commercial

decision-making.

Responsibilities

1. Financial Accounting

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Oversee accounts payable, receivable, cash disbursements, payroll (payments & TDS), and

reconciliations.

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Ensure accurate and timely recording of sales, purchases, expenses, and entries.

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Support the team with accounting entries as required.

2. Accounts Payable

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Receive bills and enter them in the system.

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Review and approve invoices for payment.

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Prepare list of creditors.

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Resolve vendor queries and ensure timely payments.

3. Accounts Receivable

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Prepare and update list of debtors.

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Coordinate with Sales Team for recovery of funds.

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Resolve customer queries related to billing.

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Handle overdue collections.

4. Banking Operations

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Ensure timely and accurate reconciliation of bank statements.

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Manage deposits, withdrawals, and RTGS/NEFT transfers.

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Ensure timely salary processing and payments.

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Build and maintain banking relationships.

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Ensure cash/cheque deposits and withdrawals, documents submissions run smoothly5. Inventory Accounting

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Maintain cost records of raw materials, production, and finished goods.

Generate inventory reports to highlight variances.

Identify and resolve discrepancies.

6. Month-End Closure:

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Responsible for timely and accurate month-end closing activities including preparation of

journal entries, ledger scrutiny, accruals, provisions, reconciliations, and necessary

adjustments.

Ensure all financial transactions are recorded in compliance with company policies and

accounting standards.

Coordinate with cross-functional teams to gather pending information and resolve

discrepancies before closure.

Prepare and review month-end schedules, reports, and MIS for management review.

Assist in variance analysis of actual vs. budget/forecast during month-end.

Ensure adherence to month-end timelines and support audit requirements where applicable.

7. Taxation & Compliances Management:

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Working with the consulting CS to understand and implement company law compliances &

ROC statutory requirements.

Working with the GST consultant to understand and implement GST.

Working with the labour consultant to understand and implement PF/ESIC/Bonus/Gratuity

and other labour law compliance.

E-filling of return of all above mentioned taxes.

Ensure company records are kept organise and readily available for examination.

Requirements:

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Bachelor’s degree in Commerce/Finance (M.Com/MBA Finance, CA dropouts preferred).

2–4 years of experience in a relevant field.

Knowledge of payroll software (Keka, Zoho, or similar).

Strong knowledge of statutory compliances – PF, ESI, PT, TDS, Labour Welfare Fund.

Attention to detail and good analytical skills.

Knowledge in the Import & Export accounting.