An accounts job description involves managing a company's financial records, ensuring accuracy in transactions, preparing financial statements (balance sheets, income statements, cash flow), handling budgets, taxes, payroll, and providing analysis to support financial decisions, ensuring compliance with regulations and internal controls for overall financial health and strategy.
Key Responsibilities
Recording & Reporting: Accurately recording all financial transactions, reconciling accounts, and preparing key reports like balance sheets, income statements, and cash flow statements.
Budgeting & Forecasting: Assisting with budget preparation, tracking expenses, and providing forecasts for financial planning.
Tax & Compliance: Managing tax filings, ensuring compliance with financial policies, laws, and GAAP (Generally Accepted Accounting Principles).
Analysis & Strategy: Analyzing financial data to identify risks, inefficiencies, and opportunities for cost reduction or profit enhancement, and advising management.
Auditing: Conducting internal and external audits, substantiating transactions, and ensuring financial security.
Accounts Payable/Receivable: Managing payments, invoices, and ensuring timely receipt and disbursement of funds.
Payroll: Processing payroll and managing related functions.