Recording Transactions: Maintaining accurate, up-to-date daily ledgers of income, expenses, assets, and liabilities.
Financial Statements: Preparing regular cash flow statements, balance sheets, and income (profit and loss) statements.
Account Reconciliations: Verifying internal records by matching them against bank statements and other external accounts to resolve discrepancies.
2. Tax Planning & Compliance
Tax Preparation: Computing taxes, ensuring deductions are properly applied, and filing annual or periodic tax returns.
Regulatory Adherence: Ensuring all financial records and practices align with statutory laws and accounting frameworks.
3. Budgeting & Financial Analysis
Forecasting: Developing budgets, monitoring cash flows, and creating financial forecasts to support organizational planning.
Performance Analysis: Analyzing financial data to identify spending trends, as