Financial Record Keeping:

• Maintaining Records: Keeping accurate records of all financial transactions, including purchases, sales, receipts, and payments.

• Ledger Management: Managing the general ledger and ensuring all entries are accurate and up-to-date.

• Document Filing: Ensuring all financial documents, such as invoices, receipts, and bank statements, are properly filed and stored.

Financial Reporting:

• Preparation of Financial Statements: Preparing financial statements, including income statements, balance sheets, and cash flow statements.

• Monthly and Annual Reports: Compiling monthly and annual financial reports for management review.

• Variance Analysis: Analyzing financial discrepancies and providing explanations for variances.

Budget Management:

• Budget Preparation: Assisting in the preparation of budgets and financial forecasts.

• Monitoring Budgets: Monitoring expenditures against budgets and identifying any variances.

• Cost Control: Implementing measures to control costs and enhance financial efficiency.

Accounts Payable and Receivable:

• Managing Payables: Processing invoices, verifying financial data, and ensuring timely payments to vendors and suppliers.

• Managing Receivables: Issuing invoices to customers, tracking receivables, and ensuring timely collection of payments.

• Reconciliation: Reconciling accounts payable and receivable ledgers to ensure accuracy.

Banking and Cash Management:

• Bank Reconciliation: Reconciling bank statements with the organization's financial records to ensure accuracy.

• Cash Flow Management: Monitoring cash flow and ensuring adequate liquidity to meet the organization’s financial obligations.

• Deposit and Withdrawal Management: Managing deposits, withdrawals, and transfers of funds.

Compliance and Audit:

• Regulatory Compliance: Ensuring compliance with financial regulations and standards, such as GAAP or IFRS.

• Internal Controls: Implementing and maintaining internal controls to safeguard the organization’s assets.

• Audit Coordination: Coordinating with external auditors during audits and providing necessary documentation and explanations.

Taxation:

• Tax Filing: Preparing and filing tax returns accurately and on time.

• Tax Compliance: Ensuring compliance with all tax laws and regulations.

• Tax Planning: Assisting in tax planning and advising on tax-related matters to minimize liabilities.