Capex Accounting for Renewable energy

Role & responsibilities

To assist in the accurate recording, tracking, capitalization, and reporting of capital expenditures (Capex) in compliance with accounting standards and company policies.

Review and verify Capex-related invoices and supporting documentation.

Coordinate with procurement and project teams to ensure correct cost allocation.

Track project-wise Capex to identify assets ready for capitalization.

Verify asset capitalization entries in the ERP system in line with company policy and Ind AS/IFRS requirements.

Assist in tracking actual Capex spend against budgets.

Highlight variances and assist in budget vs. actual reporting.

Support statutory, internal, and tax audit requirements related to Capex and fixed assets.

Liaise with project, procurement, and plant teams for timely updates and clarifications on Capex transactions.