1
Financial Records Management
-Record daily financial transactions (income, expense, payments, and receipts.
-Maintain general ledger accounts and reconcile discrepancies.
-Organize and store receipts, invoices, and supporting documentation.
2
Bank and Credit Card Reconciliation
-Reconcile bank accounts and credit card statements monthly.
-Investigate and resolve discrepancies between records and statements.
3
Accounts Payable
-Track and manage vendor invoices and due payments.
-Prepare and schedule bill payments (manual or automated).
-Ensure accuracy of vendor details and payment records.
4
Accounts Receivable
-Issue and track customer invoices.
-Monitor overdue accounts and send reminders for payment collection.
-Record customer payments and manage refunds or credits.
5
Financial Reporting
-Prepare monthly, quarterly, and annual financial reports.
-Generate profit and loss statements, balance sheets, and cash flow reports.
-Provide management with financial analysis and key performance insights.
6
Compliance and Tax Preparation
-Maintain records for tax purposes and assist with audits.
-Ensure compliance with local, state, and federal financial regulations.
-Prepare and submit sales tax and payroll tax.
7
Budgeting and Forecasting
-Assist in preparing and monitoring budgets.
-Analyze spending patterns and provide cost-saving suggestions.
8
Software and Systems Management
-Use accounting software (e.g., QuickBooks, Sage) for record-keeping.
-Manage system updates and troubleshoot software issues.
9
Communication and Collaboration
-Coordinate with accountants for year-end closings and audits.
-Communicate with clients, vendors, and financial institutions as needed.
-Provide support to management and team members on financial matters.