Here’s a list of key duties and responsibilities of an Accountant, categorized for clarity:
Maintain accurate financial records and documentation.
Record financial transactions systematically using accounting software (e.g., QuickBooks, Tally, SAP).
Prepare financial statements (balance sheets, income statements, cash flow statements).
Ensure compliance with relevant accounting standards (e.g., GAAP, IFRS).
Assist in the preparation of budgets.
Monitor and report on budget variances.
Support financial planning and forecasting activities.
Prepare and file tax returns (e.g., income tax, VAT, GST).
Ensure compliance with local, state, and federal tax laws.
Advise on tax planning and optimization.
Coordinate with external and internal auditors during audits.
Implement audit recommendations.
Ensure adherence to internal controls and financial policies.
Prepare and manage payroll calculations.
Ensure compliance with labor laws and tax regulations.
Handle employee benefits and deductions.
Ensure all financial practices comply with legal and ethical standards.
Keep up-to-date with changes in financial regulations and legislation.
Manage vendor payments and customer invoicing.
Reconcile accounts payable/receivable balances.
Follow up on overdue payments and resolve discrepancies.
Analyze financial data to identify trends and opportunities for improvement.
Provide insights to support management decisions.
Liaise with banks, tax authorities, and other stakeholders.
Work closely with other departments to ensure smooth financial operations.