o Prepare and maintain accurate financial records, including balance sheets, income statements, and other financial reports.
o Ensure financial statements are in compliance with accounting standards (e.g., GAAP, IFRS).
o Prepare monthly, quarterly, and annual financial reports for management.
o Maintain general ledgers and ensure all financial transactions are recorded correctly.
o Reconcile bank statements and verify financial transactions.
o Ensure that accounts payable and receivable are processed in a timely manner.
o Prepare and file tax returns, ensuring compliance with local, state, and federal tax laws.
o Research tax issues and advise management on the tax implications of business decisions.
o Manage tax liabilities and make recommendations for tax-saving opportunities.
o Assist in the preparation of budgets and financial forecasts.
o Monitor and compare actual financial performance against the budget and analyze discrepancies.
o Advise management on cost control measures.
o Support internal and external audits by providing necessary documentation and explanations.
o Ensure compliance with regulatory requirements and internal financial policies.
o Review and improve internal accounting procedures to ensure best practices and prevent fraud.
o Oversee payroll processing, ensuring timely and accurate payment of salaries and wages.
o Ensure compliance with payroll-related tax laws and reporting requirements.
o Handle employee benefits accounting, including pensions, healthcare, and other benefits.
o Analyze financial data to identify trends, variances, and areas for improvement.
o Provide advice to management regarding financial performance and business strategy.
o Monitor cash flow, ensuring adequate liquidity for operations and business growth.
o Assist in identifying cost-cutting measures and efficiency improvements within the organization.
o Track and analyze overheads, operational costs, and other expenses.
o Maintain and update accounting software and financial databases.
o Ensure proper implementation and use of financial management tools.
o Recommend improvements to the accounting system to enhance efficiency and accuracy.
• Communicate with clients, and banks as needed to resolve financial issues.
• Ensure all financial records are complete, accurate, and stored securely.
• Provide support to other departments on financial matters, as necessary.