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- Recording daily transactions (sales, purchases, expenses, etc.). - Maintaining accurate ledgers and journals to track financial activities. - Managing and tracking amounts owed to suppliers/vendors. - Ensuring invoices are paid on time and properly documented. - Managing and tracking amounts owed by customers. - Ensuring timely collection of outstanding debts. - Comparing the company’s financial records with bank statements to ensure they match. - Identifying discrepancies and resolving them. - Calculating employee wages, bonuses, and deductions. - Ensuring that salaries are paid on time and that appropriate taxes and benefits are accounted for. - Preparing financial statements (balance sheet, income statement, cash flow statement). - Analyzing the company’s financial position to provide insights to management. - Developing budgets based on the company’s financial goals. - Monitoring financial performance and making adjustments to stay within budget. - Ensuring the company adheres to tax regulations. - Preparing and submitting tax returns, ensuring proper tax deductions and credits. - Establishing procedures to prevent fraud or errors in financial reporting. - Evaluating financial data to help management make informed business decisions. - Analyzing profitability, liquidity, and financial risks.