Roles & Responsibilities
1. Recording and Maintaining Financial Records:
- Documenting financial transactions: This involves accurately recording all financial transactions, including income, expenses, assets, and liabilities.
- Maintaining financial records: Keeping organized and accurate financial records is essential for tracking financial performance and ensuring compliance with regulations.
- Reconciling bank statements: Matching bank statements with accounting records to identify and resolve discrepancies.
2. Preparing Financial Statements:
- Creating financial statements: This includes preparing balance sheets, income statements, and cash flow statements.
- Analyzing financial data: Analyzing financial statements to identify trends, assess financial health, and make recommendations.
3. Auditing and Compliance:
- Performing audits: Reviewing financial records and internal controls to ensure accuracy and compliance with accounting standards and regulations.
- Ensuring compliance: Working to ensure that financial records and reporting comply with relevant laws and regulations.
4. Budgeting and Forecasting:
- Developing and monitoring budgets: Creating and monitoring budgets to track financial performance against planned spending.
- Financial forecasting: Predicting future financial outcomes based on historical data and projections.
5. Tax Preparation and Compliance:
- Preparing tax returns: Preparing and filing tax returns for individuals and businesses.
- Tax planning and advice: Providing tax planning advice to help clients minimize their tax liabilities.
6. Financial Analysis and Reporting:
- Analyzing financial data: Analyzing financial data to identify areas for improvement, optimize financial performance, and make informed decisions.
- Preparing reports: Creating reports for management and stakeholders to communicate financial performance and insights.
7. Other Responsibilities:
- Working with external auditors: Coordinating with external auditors during audits.
- Managing accounts payable and accounts receivable: Tracking and managing payments to suppliers and from customers.
- Providing financial advice: Offering financial advice and recommendations to clients.