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.