- Financial record-keeping: Documenting all transactions, managing ledgers, and keeping financial systems up-to-date.
- Reporting and analysis: Preparing and presenting financial statements (like balance sheets and income statements), financial reports, and budgets.
- Auditing: Examining financial records and working with internal or external auditors to ensure accuracy and compliance.
- Taxation: Computing and preparing tax returns and providing tax planning services based on current legislation.
Strategic and advisory duties
- Budgeting and forecasting: Creating and reviewing budgets, as well as forecasting future financial performance.
- Financial advising: Providing strategic advice to management on how to reduce costs, improve profitability, and make informed decisions.
- Risk management:
Performing financial risk analysis to identify potential financial challenges and compliance issues.
Compliance and process management
- Ensuring compliance: Making sure all financial activities and statements comply with local, state, and federal laws and accounting standards.
- Reconciliation: Reconciling accounts and reports to ensure accuracy and resolve any discrepancies.
- Process improvement: Monitoring the efficiency of accounting procedures and recommending improvements.