Financial Record Keeping: Maintain accurate and up-to-date financial records, including general ledger entries, accounts payable, accounts receivable, and payroll. Record financial transactions and ensure proper documentation and filing.
Financial Reporting: Prepare and present financial statements (balance sheets, income statements, cash flow statements) monthly, quarterly, and annually. Assist with the preparation of financial forecasts and budgeting.
Compliance and Regulation: Ensure adherence to accounting standards, laws, and tax regulations. Prepare and file tax returns in a timely manner and assist in tax audits. Stay updated on industry trends, tax laws, and regulatory changes.
Budgeting and Forecasting: Assist in the preparation and management of budgets and financial forecasts. Analyze variances between budgeted and actual financial performance and provide recommendations for corrective actions.
Financial Analysis: Conduct financial analysis to support business decisions, such as cost analysis, profitability analysis, and financial risk assessments. Identify opportunities for cost reduction or revenue improvement.
Audit Support: Support internal and external audits by providing necessary documentation and clarifications. Coordinate with auditors and prepare schedules as required.
Accounts Payable/Receivable: Manage accounts payable and receivable, ensuring payments are processed on time. Follow up on overdue accounts and resolve any discrepancies.
Bank Reconciliation: Reconcile bank statements and resolve any discrepancies between the general ledger and bank accounts.
Software and Tools: Utilize accounting software (e.g., QuickBooks, SAP, Microsoft Excel) for recording transactions, generating reports, and analyzing financial data. Ensure data security and integrity within the financial systems.
Work closely with other departments to provide financial insights that support business goals.
Assist in financial decision-making and ensure financial operations align with the organization’s objectives.