Accountent

1. Financial Record Keeping
   

   • Maintain accurate and complete financial records in compliance with accounting principles and standards.
     
   • Ensure all financial transactions are properly recorded filed and reported.
     

2. Account Reconciliation
   

   • Reconcile bank statements and accounts to ensure accuracy and consistency in financial records.
     
   • Identify and resolve discrepancies in financial accounts.
     

3. Budgeting and Forecasting
   

   • Assist in preparing detailed company budgets and financial forecasts.
     
   • Monitor and report on financial performance compared to the budget analyzing variances and recommending corrective actions.
     

4. Financial Reporting
   

   • Prepare periodic financial statements including profit and loss accounts balance sheets and cash flow statements.
     
   • Ensure timely reporting of all financial information.
     

5. Taxation
   

   • Calculate and prepare tax returns ensuring compliance with payment reporting and other tax requirements.
     
   • Stay updated on changes in tax legislation and advise on taxrelated issues.
     

6. Payroll Processing
   

   • Oversee the payroll process ensuring accurate computation of wages compliance with taxation and employment laws and timely processing of payroll payments.
     

7. Internal Controls and Compliance
   

   • Implement and monitor internal financial controls to prevent and detect fraud or mismanagement.
     
   • Ensure compliance with financial regulations and standards and prepare for audits by external entities.
     

8. Financial Analysis and Advisory
   

   • Conduct financial analysis to assess the organization s financial health and identify trends challenges and opportunities.
     
   • Provide strategic financial advice to management helping in decisionmaking and planning.
     

9. Cash Flow Management
   

   • Manage cash flow by tracking transactions and regularly reviewing the company s financial status.
     
   • Forecast cash flow positions related borrowing needs and available funds for investment.
     

10. Liaison and Communication
    

    • Work with external auditors consultants and regulatory bodies as required.
      
    • Communicate financial information effectively to stakeholders including nonfinancial personnel to facilitate informed decisionmaking.
      

Requirements

Recording Financial Transactions

• Daily Entries: Record all financial transactions including sales purchases receipts and payments in the appropriate books or software.
  
• Invoicing: Generate and send invoices to clients track incoming payments and manage accounts receivable.
  

Maintaining Ledgers

• General Ledger: Keep the general ledger updated which is a complete record of all financial transactions over the lifespan of the company.
  
• Subsidiary Ledgers: Manage subsidiary ledgers for details on accounts payable accounts receivable etc.
  

Reconciliation

• Bank Reconciliation: Regularly reconcile bank statements with the company s ledger balances to ensure accuracy and consistency in financial records.
  
• Account Reconciliation: Reconcile all ledger accounts periodically to detect and correct discrepancies.
  

Managing Payroll

• Payroll Processing: Calculate and process employee wages withholdings and payroll taxes.
  
• Payroll Records: Maintain comprehensive payroll records for all employees.
  

Financial Reporting

• Trial Balance: Prepare a trial balance periodically by totaling all debits and credits in the company s ledger to ensure they balance.
  
• Financial Statements: Assist in preparing basic financial statements such as income statements and balance sheets which provide an overview of the company s financial status.
  

Cash Handling

• Cash Management: Manage cash transactions including petty cash funds and ensure accurate recording of all cash inflows and outflows.
  
• Expense Tracking: Track and categorize company expenses to manage cash flow and prepare for tax time.
  

Tax Preparation

• Tax Records: Keep detailed records of all transactions to support tax filings and potential audits.
  
• Assist with Tax Filings: Provide necessary financial information and documentation for tax preparation and filing.
  

Compliance

• Regulatory Compliance: Ensure that all financial records and processes comply with relevant legal regulatory and internal policies and standards.
  

Software Proficiency

• Accounting Software: Utilize accounting software to streamline and automate bookkeeping processes ensuring efficient and accurate financial recordkeeping.