Record and maintain financial data: Keep accurate records of all financial transactions, including income, expenses, assets, and liabilities.
Prepare financial statements: Create key reports such as balance sheets, income statements, and cash flow statements.
Manage budgets and forecasts: Develop budgets, monitor spending, and provide forecasts to help with organizational planning.
Ensure compliance: Ensure all financial records and activities comply with local, state, and federal laws and regulations.
File taxes: Calculate and prepare tax returns and ensure they are filed on time.
Perform audits: Conduct internal audits to verify the accuracy of financial records and adherence to regulations.
Manage accounts payable and receivable: Oversee the processing of invoices and ensure timely payments are made and received.
Process payroll: Handle payroll functions, including calculating wages and deductions.