General Manager accounts

Job Description of a General Manager Accounting 2022| Responsibilities| Duties

Functional Role of a General Manager Accounting is to lead the accounts department of an organization. Duties of General Manager Accounting include Budget control, keep track of payable, receivables, Statutory compliance, tax management, Balance sheet, Fund management etc.

Do you want to know in detail what a General Manager Accounting does? What you should look for in a General Manager Accounting Resume? What are the points you should include in your General Manager Accounting CV? Please read below.

Responsibilities of General Manager Accounting:

  • Evaluation of Business Plans — Finalization of Business Plans with the inputs of all the departments and the top management. Application of Forecasting, Trend analysis, Make or Buy decisions, Scenario Planning, Benchmarking etc. Revision of business plans periodically to incorporate the dynamic changes in the business environment.
  • Budget control & MIS — Analysis of variance and dissemination of the MIS information to user departments for aiding expense reduction and achievement of budget targets on a Monthly / weekly/ daily basis as applicable. Review of CAPEX projects performance on a periodical basis. Effective working capital management through concurrent reporting.
  • Internal controls — Monitoring the functioning of an effective Internal Control Systems, well documented in the form of Manual and periodical update of the same.
  • Statutory compliance — Ensuring compliance directly on direct taxes and indirect taxes and coordinating with other departments for compliance related to other Industrial / Economic laws. Periodical reporting to the Top management on the Compliance.
General Manager Accounting
General Manager Accounting (
  • Accounting — Handling all finalizations of accounts, knowledge on Indian GAAP, USGAAP and UKGAAP. Finalisation of Financial Results & Accounts and coordination with Statutory Auditors, Tax and Internal Auditors
  • Payroll — Supervision of Payroll functions including Employee taxation. Counselling employees on Tax savings schemes.
  • Risk management — Covering the risks of the business after due analysis and secure the claim amounts in the event of damages. Maintenance of back-office data related to Foreign Exchange Risk management.
  • Banking and Funds Management — Cash flow forecasts, Monitoring actual cash flows, Borrowings on CC, NCDs, Commercial Papers, ECBs etc.
  • Commercial related activities – Monitoring the Import / Export LCs, Bank guarantees, Export Obligations, Vendor management, Negotiations with suppliers on yearly contracts (if any).
  • Disposal of Nonperforming assets (NPAs): NPAs  are identified on a continuous basis and disposed off through e-Auction or on invitation of Tenders.
  • Handling Corporate Taxation — Handling written submissions during assessments and appearing before Appellate authorities in appeals. Coordination with consultants for all appeals at the Tribunal and High court levels. Issuance of opinion within the organization on Double Taxation Avoidance agreements, Tax deduction at source, Mergers / De mergers.

How to become a General Manager Accounting:

Minimum Educational Qualification requirement to become an General Manager Accounting is Graduate or Bachelor of Commerce (B.Com) in Accountancy along with Master of Com (M.Com) in Accountancy from any recognized college or university. Big companies look for Chartered Accountant (CA) – inter or qualified from Institute of Chartered Accountancy of India – ICAI for their General Manager Accounting position. Experience required to become a General Manager Accounting is minimum 15 years of experience in general accountancy department.

Software skills Required for General Manager Accounting:



MS-Word, MS-Excel, MS-Power Point

Interpersonal skills Required for General Manager Accounting:

  • Strategic Thinker, Entrepreneurial and Leadership skills
  • Proven ability to improve operation and maximize profit with cost reduction and internal controls
  • Financial and Strategic planning
  • Good Business Acumen and Strong Analytical Ability
  • Good Knowledge of Capital Market and Real Estate Market
  • Well versed with Law of Contracts, Commercial Laws and Corporate Laws
  • Proficiency in scrutinizing, inspecting and guiding in all commercial and legal matters
  • Resource raising, Mergers & Acquisition and Financial Reporting
  • Good knowledge of regulatory environment
  • Excellent Communication and Inter-Personal Skills
  • Creative person with a diversified interest.

What is the Job Opportunity of Accounting Manager in the Industry?

General Manager Accounting are required and hired in every industry, be it a manufacturing or service industry etc.

Salary of Accounting Manager (in India)

Salary of General Manager Accounting in India ranges from 20 Lacs Rupees to 80 Lacs Rupees per annum depending upon the qualification, experience, Expertise, Company Size, Volume of Production. Generally Chartered Accountant (CA) – inter or qualified from Institute of Chartered Accountancy of India – ICAI gets higher salary than the general commerce background student.


There are low/moderate demands of Accounting Manager abroad especially in Middle east countries (Gulf), South Africa, Canada.

Yes, he can if the person imbibes accountancy management skills while working on accountancy closely with superior Accounting Head.

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Also Read:

Job Description of an Accounting Manager

Job Description of an Accountant

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