1. Financial Reporting:
Prepare financial statements (income statements, balance sheets, cash flow statements) on
a regular basis.
Ensure accuracy and compliance with accounting standards (e.g., GAAP or IFRS).
2. Bookkeeping:
Maintain accurate and up-to-date records of financial transactions.
Manage accounts payable and accounts receivable processes.
Reconcile bank statements and ensure all transactions are recorded correctly.
3. Tax Compliance:
Prepare and file tax returns (income tax, VAT/GST, payroll taxes) accurately and on
time.
Stay updated on tax laws and regulations to minimize tax liabilities.
4. Financial Analysis:
Analyze financial data to identify trends and key performance indicators (KPIs).
Provide insights and recommendations to management based on financial analysis.
5. Budgeting and Forecasting:
Assist in preparing budgets and forecasts based on financial data and business trends.
Monitor variances between actual and budgeted financial results.
6. Audit and Compliance:
Assist in audits conducted by external auditors or regulatory agencies.
Ensure compliance with internal controls and procedures.
7. Financial Management:
Provide support in financial decision-making processes.
Monitor and manage cash flow to ensure liquidity for operational needs.
8. Software and Systems:
Utilize accounting software (e.g., QuickBooks, SAP, Oracle) to manage financial
transactions and generate reports.
Recommend improvements in accounting systems and processes.
9. Communication:
Communicate financial information effectively to stakeholders, including management
and external parties.
Collaborate with other departments to gather financial data and resolve issues.
10. Professional Development:
Stay updated on accounting principles, regulations, and industry trends.
Pursue continuing education or certifications (e.g., CPA, CMA) to enhance professional
qualifications.