Financial Reporting: Preparation of financial statements such as balance sheets, income statements, and cash flow statements to reflect the financial position and performance of the company accurately.
Bookkeeping: Recording financial transactions, maintaining accurate and up-to-date financial records, including accounts payable, accounts receivable, and general ledger entries.
Tax Compliance: Ensuring compliance with tax regulations by preparing and filing tax returns (e.g., income tax, sales tax, payroll tax) accurately and on time.
Audit Support: Assisting with internal and external audits by providing necessary documentation and explanations of financial transactions and processes.
Financial Analysis: Analyzing financial data to provide insights and recommendations to management for decision-making purposes, such as cost reduction, revenue enhancement, or investment opportunities.
Budgeting and Forecasting: Collaborating with management to develop budgets and financial forecasts based on historical data and future expectations.
Risk Management: Identifying financial risks and proposing strategies to mitigate them, ensuring the organization's financial health and stability.
Regulatory Compliance: Staying updated on regulatory changes and ensuring that financial practices comply with relevant laws and regulations.
Advisory Role: Providing financial advice and guidance to management on strategic decisions, financial implications of business activities, and long-term financial planning.
Technology Utilization: Utilizing accounting software and technological tools effectively to streamline processes, improve accuracy, and enhance efficiency in financial operations.