Recording Transactions: Every purchase, sale, receipt, and payment needs to be accurately logged. Accounts Executives must ensure that these financial transactions are captured in the appropriate accounts, following a clear and standardized method (e.g., accrual or cash basis accounting).
Maintaining Ledgers: Accounts Executives are responsible for updating general ledgers, which provide a detailed record of all financial transactions within the company. They ensure that all debits and credits balance and that the records are accurate and up to date.