An accountant manages and analyzes an organization's financial data, preparing reports, statements, and tax returns while ensuring accuracy and compliance with regulations. Key responsibilities include recording transactions, reconciling accounts, creating budgets, and providing financial advice to support business decisions.
Core duties and responsibilities
Financial record-keeping:
Accurately recording financial transactions, maintaining the general ledger, and managing accounts payable and receivable.
Financial analysis and reporting:
Compiling and analyzing financial data to prepare periodic reports like balance sheets and profit and loss statements. This includes forecasting, budgeting, and identifying financial trends.
Compliance and audits:
Ensuring all financial records comply with relevant laws and regulations. This may involve conducting internal audits or preparing for external audits and tax filings.
Tax preparation:
Preparing and filing tax returns and providing analysis and recommendations on how to minimize tax liabilities.
Financial advice and strategy:
Providing financial insights and recommendations to management to help with strategic decision-making, cost reduction, and revenue enhancement.
Reconciliation:
Reconciling bank statements and other financial accounts to ensure accuracy and resolve discrepancies.
Essential skills
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