key responsibilities and duties
the duties of an accountant are broad and critical to a company's financial health, often encompassing both historical reporting and future forecasting.
1. financial recording and management
general ledger management: maintain the company's general ledger, including preparing, verifying, allocating, and posting journal entries for all transactions.
reconciliations: perform timely and accurate reconciliations of bank statements, credit card statements, and all key accounts (., accounts payable, accounts receivable) to ensure the books match external records.
month-end/year-end close: lead and execute the monthly, quarterly, and annual closing processes, including making necessary accruals and adjustments.
maintain records: organize and maintain all financial records, documentation, and files meticulously to support audit trails.
2. financial reporting and analysis
prepare financial statements: generate and publish key financial statements, including balance sheets, profit and loss (income) statements, and cash flow statements in a timely manner.
analysis: analyze financial information and summarize the company's financial status, including identifying variances, trends, costs, and revenues to provide management with actionable insights.
budgeting & forecasting: assist in the preparation of budgets and financial forecasts, and monitor actual performance against the established budget.
3. compliance and auditing
tax preparation: compute taxes owed, prepare and submit tax returns (., income tax, gst), and ensure timely tax payments to comply with government regulations.
compliance: ensure all financial transactions and reporting adhere to established accounting principles and regulations (such as gaap or ifrs).
audit support: coordinate and support external and internal audit activities by providing necessary documents and explanations.