Recording financial transactions such as sales, purchases, payments, and receipts in the accounting system or software. This includes maintaining accurate and up-to-date records of all financial activities.
Processing and managing payments to suppliers, vendors, and creditors. This involves verifying invoices, ensuring accuracy, and issuing payments in a timely manner.
Managing customer accounts, invoicing customers for goods or services rendered, and following up on overdue payments. This also includes reconciling accounts receivable balances and addressing customer inquiries regarding billing.
Calculating employee wages, taxes, and deductions, and ensuring timely and accurate payroll processing. This may also involve handling payroll-related compliance requirements such as tax filings and reporting.
Preparing financial statements such as balance sheets, income statements, and cash flow statements on a regular basis (e.g., monthly, quarterly, annually). Accounting staff may also assist in analyzing financial data and providing insights to management.
Analyze balance sheets, income, cash flow statements, and other reports to assess accuracy.
Maintain accurate month-end records by examining all financial statements.
Facilitate a smooth yearly audit process through an independent evaluator by providing accurate transactions and balances of the company.
Handle monthly, quarterly and annual closings.
Follow standard business and finance protocols to disclose the organizations financial reports regularly.
Coordinate with the management and uphold the standard laws and regulations for monitoring, updating, and maintaining fiscal activities.
