Transaction Recording:
- Recording daily transactions (sales, purchases, payments, receipts) into the general ledger.
Bank Reconciliation:
- Reconciling company bank statements with internal records to ensure consistency.
- Identifying discrepancies between records and bank accounts.
Financial Reporting:
- Preparing financial statements like income statements, balance sheets, and cash flow statements.
- Analyzing the financial health of the business.
Cash Flow Management:
- Monitoring and managing cash flow to ensure the business has enough liquidity for operations.
- Planning for future cash needs.
Bookkeeping Software Integration:
- Setting up and managing bookkeeping software (e.g., QuickBooks).
- Integrating financial systems for better accuracy and efficiency.
Internal Controls:
- Setting up procedures to prevent fraud and errors in financial records.
- Conducting periodic internal audits.
Year-End Financial Reports:
- Preparing year-end financial statements.
- Assisting with annual tax preparation and filing.