- Managing the company’s accounts to ensure on-time payment and overseeing the software system for financial needs
- Calculating taxes and submitting tax returns to comply with the law
- Auditing financial documents to ensure they are accurate and maintaining the confidentiality of the financial data
- Suggesting financial policies and procedures based on the overall financial status of the organisation
- Sales & Purchase Registers: Detailed records of all outward supplies (sales) and inward supplies (purchases), including invoices, debit notes, and credit notes. [1]
- Input Tax Credit (ITC) Records: Tracking tax paid on purchases to set off against output tax liability. [1]
- Tax Ledgers: Separate accounts for Electronic Cash Ledger, Electronic Credit Ledger, and Electronic Liability Register.
- Stock & Warehouse Records: Records of goods stored, including stock in transit and stock balances.
Making stock statement
- Maintain the privacy of financial information, and when necessary, backup databases
- Rectify any anomalies or inconsistencies they discover in the company’s financial document
- Assess accounting software applications and accounting control procedures
- Make and evaluate the organisation’s year-end financial accounts
- Compose budget forecasts
- Tally knowledge is must